Central bank decree now runs Vietnam Gold sector

“Vietnam central bank has warned that gold businesses cannot launch programs to accept gold deposits from customers without permission from the central bank. The central bank said these illegal businesses can be inspected and penalized. It also ordered that commercial banks must now have SBV permission to run storage services. There is a very important clause in the decree, which stipulates that all activities other than trading gold by the businesses should be licensed by the central bank and the government, in order not to negatively affect the market.”

http://www.bullionstreet.com/news/sbv-decree-now-runs-vietnam-gold-sector/5197

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