Vietnam authorities expected to loosen gold import rules by July/August

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Reuters with the info:

  • Vietnam is expected to
    allow companies to import gold for the first time in over a
    decade, as it aims to bridge the widening gap between local
    prices and international benchmarks, an industry official told
  • The Vietnam Gold Traders Association (VGTA) has been in
    protracted talks with the government over measures to correct
    the imbalance in supply and demand of gold, Huynh Trung Khanh,
    the association’s vice chair said
  • “The government said they will start official gold imports
    by July or August. We hope that by July they will allow gold
    companies to import directly,” Khanh said on the sidelines of
    the Asia Pacific Precious Metals conference.

BRB with a link for more on this.

This article was written by Eamonn Sheridan at

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