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Vietnam authorities expected to loosen gold import rules by July/August

Reuters with the info:

Vietnam is expected to
allow companies to import gold for the first time in over a
decade, as it aims to bridge the widening gap between local
prices and international benchmarks, an industry official told
The Vietnam Gold Traders Association (VGTA) has been in
protracted talks with the government over measures to correct
the imbalance in supply and demand of gold, Huynh Trung Khanh,
the association’s vice chair said”The government said they will start official gold imports
by July or August. We hope that by July they will allow gold
companies to import directly,” Khanh said on the sidelines of
the Asia Pacific Precious Metals conference.

BRB with a link for more on this.

This article was written by Eamonn Sheridan at www.forexlive.com.

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