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Vietnam government to become sole bullion producer in the local market

Vietnam Government said in a briefing in Hanoi last weekend that the Decree on gold trading management must ensure the monopoly of the state in producing bullion as well as exporting and importing material gold for bullion production.

Besides, the decree must recognize and protect the legal gold ownership of organizations and individuals; help to restrict using gold as a means of payment and reduce “goldization” in the economy; mobilize social resources to serve socio-economic development of the country.

The Government assigned the central bank to lead and coordinate with Ministry of Justice, Government Office and related ministries and agencies to complete the draft decree on gold management and submit it to the Government for consideration and approval.

Source Sophie/ StoxPlus

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Posted by on Jan 10 2012. Filed under Gold price. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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