Navibank issues deposit certificates in gold

Nam Viet Commercial Joint Stock Bank (Navibank) on August 10 officially issued certificates of deposits in gold with progressive interest rate based on the balance.

C/Ds with the balance of from at least 100 ounce, the interest rates for three-month term is 5.6% per annum, six months at 6.1%, nine months 6.3% and 12 months at 6.5% per annum.

The C/Ds owners have rights to transfer, discount or mortgage.