Vietnam should lift the prohibition of trading gold on overseas accounts to encourage local lenders to mobilize the metal from Vietnamese residents, a local gold expert said. Arguing that such a move would boost the economy, Deputy Chairman of the Vietnam Gold Business Council and World Gold Council consultant Huynh Trung Khanh said most commercial [...]
The fate of gold exchanges and their staff after the floors shut down on March 30 has many people wondering. Looking for work In 2009, Nam became head of the analysis division of a new gold company. He could not envision that just nine months later, when the Government decided to shut down gold exchanges, [...]
The Prime Minister has allowed to extend the closure of the gold trading overseas accounts for three months as of March 30, 2010. In implementation of the Prime Minister’s instruction, the Governor of the State Bank of Vietnam has issued the official document 10/2010/TT-NHNN on extending the closure of the gold trading overseas accounts until [...]
Governor Giau of the State Bank of Vietnam (SBV) says that the bank has submitted to the Government two solutions to deal with speculation on the commercial gold exchanges, or ‘trading floors.’ Option One is simply to prohibit the gold exchanges because they do not benefit the society. Option Two will permit them to continue [...]
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