Gold ATM to make debut in Vietnam this month

TN News

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Vietnam's Dong A Bank said it will introduce two gold-dispensing ATMs in Vietnam this month, around five months after such a machine made its global debut.

Tran Phuong Binh, general director of Dong A, said the bank manufactured the gold vending machines itself, allowing ATM cardholders to buy gold using money from their accounts, according to Tuoi Tre newspaper.

The machine dispenses 0.12 oz units of gold.

The bank said the first two ATMs will be installed in Hanoi and Ho Chi Minh City.

The world's first gold ATM was launched in Abu Dhabi's Emirates Palace Hotel in May. The US is expected to have two such ATMs in Las Vegas and Florida next month.

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