Vietnam companies reported importing only 1 tons of gold this week

Vietnam companies are reported to have imported only 1 tons of gold out of a total quota of 5 tons of gold imports licensed by the State Bank of Vietnam.

SJC –Sai Gon, PNJ, DOJI, Vietnam Agribank Gold Corporation, and 6 other banks got a nod to import 5 tons of gold, valid until August 31.
Vietnam Television quoted a source saying that there will be only about 1 ton of gold arriving to Vietnam by this Friday. Some companies are scaling down their gold import due to price volatility and low spread between local and global prices. – Stoxplus.com

Tags: vietnam gold, Vietnam gold imports, Vietnam gold market

Posted by VBN on Aug 11 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