Reported 11 months ago
Vietnam is poised to permit companies to import gold for the first time in over a decade to address the disparity between local and global gold prices. The Vietnam Gold Traders Association has been in discussions with the government to rectify the supply-demand imbalance, with the expectation that gold companies will be able to begin direct imports by July or August. The current policy, where the central bank controls imports tightly, is set to shift, aiming to meet the surging demand for gold in Vietnam.
Source: YAHOO