SBV - the only agency allowed to export gold

The State Bank of Vietnam (SBV) is drafting a decree aimed at regulating the gold market in a flexible manner and controlling gold trading according to the market-based mechanism, said SBV Governor Nguyen Van Binh.

Under the draft decree, SBV is the only agency in Vietnam which is allowed to export and import gold.

SBV may also authorize selected businesses to export gold, Binh said.

He added that gold export-import should now be considered a regular activity of the economy.

Regarding the foreign exchange rate, the Governor emphasized the SBV’s efforts to stabilize the value of the Vietnam dong, or led it appreciate a bit more.

(VOV)

• 7 mining areas to auction mineral mining rights (31/07)
• Capital tangling resolved for enterprises (31/07)
• Nguyen Trung Thu, Deputy Director of Binh Duong Power Company: Ensuring adequate electricity supply, gaining confidence for investors (31/07)
• The wood processing industry is leading the province's export turnover (31/07)
• Electricity, renewable energy - a spearhead sector of Petrovietnam (30/07)
• Binh Duong issues e-commerce development plan for 2024 (30/07)
• Binh Duong power sector's mark on national 500-kV power line project (30/07)
• The entire province has 664,327 customers doing biometric authentication (30/07)