Hanoi, June 12 -- Vietnam's gold market is poised for significant reform as eligible banks and enterprises will soon be permitted to import raw gold and produce bullion - a move expected to invigorate the sector with increased competition and more brands. Dao Xuan Tuan, Director of the Foreign Exchange Management Department at the State Bank of Vietnam (SBV), told the Lao dong (Labour) daily that the SBV is in the process of finalising a draft Government decree that amends Decree 24/2012/ND-CP, aimed at gradually liberalising the gold bullion market while ensuring stringent regulatory oversight. A key proposal in the draft is to allow eligible banks and enterprises to import raw gold and produce bullion - a function that, until now, has b...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.