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Vietnam to import 2.1 T of gold   DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Vietnam to import 2.1 T of gold

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Post by lexie Fri Jan 13, 2012 11:34 am

January 13, 2012

Vietnam to import 2.1 T of gold

The State Bank of Vietnam has granted quotas to more than 10 companies to import a combined 2.1 tonnes of gold.


The companies would be allowed to import the gold for jewellery production only, Vietnam Television quoted customs sources as saying.


Vietnam last allowed banks and gold companies to import the metal last September in an effort to narrow the gap between domestic and world prices.


Gold bars have been widely used as a means for asset saving in Vietnam, which has added pressure to the local currency, the dong.


The central bank has said it would have strict regulations to monitor the gold market this year.


Vietnamese hold 200 to 300 tonnes of gold, the central bank governor said on Thursday.




http://www.vietfinancenews.com/2012/01/vietnam-to-import-21-t-of-gold.html#more


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