US Edition[Opinion] Vietnam announces end of 13-year state gold monopoly to tackle price premiums, smuggling
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In 1658, the South Icelanders admitted to the footman that they had traded so much with smugglers that they did not know the price of goods in the monopoly in Havn
Policy overhaul aims to modernise gold market framework
According to Dinh Nho Bang, chairman of the Vietnam Gold Business Association, gold imports have been completely frozen for 13 years since Decree 24 came into effect. As a result, businesses have had to purchase raw gold from unofficial markets, exposing themselves to serious legal risks. This is why gold trading firms have welcomed the recent directive from the government, which calls for the controlled removal of the state monopoly on…
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