New regulations on gold trading introduced

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.

New rule may restrict gold bullion trading

A draft decree by the State Bank of Vietnam (SBV) seeks to restrict the trade in gold bullion to stabilise the gold market, check hoarding and speculation, and minimise the influence of the gold market on monetary policy.

The decree, submitted to Prime Minister Nguyen Tan Dung for approval, focuses on seven measures to closely monitor the gold market while still ensuring people's rights to keep and trade bullion.

State Bank sets limits on gold trade

People will continue to have the right to buy and sell gold bars but only at banks and authorised businesses, the State Bank of Vietnam (SBV) said in its final draft decree on the management of gold-trading activities.
Trade in gold bars to be banned Business

Trade in gold bars to be banned

Gold bars will be banned on the free market and gold trading tightly controlled under Government Resolution 11/NQ-CP recently issued to stabilise the macro-economy.