Vietnam Business News

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• New regulations on gold trading introduced
• Vietnam central bank calls for monthly gold trading reports from local gold traders
• Gold bars to be traded by state monopolies only

New regulations on gold trading introduced Posted: 08 Apr 2012 01:02 AM PDT The Prime Minister has issued a decree on the management of gold trading, stipulating that the government will hold a monopoly over the production of gold bars as well as the import and export of unprocessed gold. While the State Bank of Vietnam , on behalf of the Government, will still manage gold trading. Under [...]

Vietnam central bank calls for monthly gold trading reports from local gold traders Posted: 07 Apr 2012 11:22 PM PDT The State Bank of Vietnam (SBV) has recently issued a draft circular, requesting local gold traders to send monthly reports on their gold trading activities to the SBV's ForexManagement Department within 5 days after the end of the period. Besides, domestic businesses and credit institutions can only produce jewelry gold; trade bullion; or import and [...]

Gold bars to be traded by state monopolies only Posted: 07 Apr 2012 11:22 PM PDT The production and trading of gold bars/bullion in Vietnam will only be licensed for state-appointed organizations, according to a recent decree. Only state monopolies are approved to produce gold bars, export gold and import raw material to produce gold bars, according to Government Decree No.24 on the management of gold trading activities, set to take [...]

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