Agribank gold buyers can make online reservation next week

By Minh Son June 13, 2024 | 01:32 am PT

Customers buy gold at a branch of Agribank in Ho Chi Minh City on June 3, 2024. Photo by VnExpress/Quynh Tran

State-owned lender Agribank will allow gold buyers to register their purchase online starting next week instead of queuing for hours at its branches.

The bank is now finalizing its technical infrastructure, a representative told VnExpress Thursday.

Agribank is set to be the second gold seller to allow online registration after Vietcombank launched its system Wednesday.

However, customers complained that they were unable to make a reservation only minutes after Vietcombank opened registration Thursday morning.

I tried to sign in but there was an error message. When I finally got in, all branches have been fully reserved for the day", said Thanh Tuan in Hanoi.

Since earlier this month, long queues have been seen at these banks as the State Bank of Vietnam (SBV) began distributing gold bars through them. Some customers have been lining up as early as 4 a.m. to secure tokens, with each branch serving only 20-40 customers per day.

Saigon Jewelry Company gold price remained steady at VND76.98 million ($3,025.71) per tael Thursday for the fifth day in a row.