Vietnam imports 10 tonnes of gold to stabilize market

The State Bank of Vietnam (SBV) has allowed local businesses to import 10 tonnes of gold, aiming to stabilize the domestic gold market, prevent speculation and protect people’s interests.

Vietnam imported five tonnes of gold to produce gold bullion on August 9, and another five tonnes will be shipped in the next few days.

The SBV recommends that people should be careful about trading gold because of strong fluctuations on the world market.

By the morning of August 9, the domestic price of gold hit VND46.3 million per tael while the world price stood at US$1,754 per ounce. – VOV

Tags: vietnam gold, Vietnam gold market, Vietnam gold prices

Posted by VBN on Aug 10 2011. Filed under Gold. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry