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)