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SBV allows importing 5 tons of gold

VGP – The State Bank of Việt Nam on August 9 allowed businesses to import five tons of gold to offset the shortage volume in the local market.

August 09, 2011 1:51 PM GMT+7

The headquarters of the State Bank of Việt Nam

The move aims to stabilize the local market, prevent speculation and manipulation and protect the rights of people.

The SBV also plans to grant more licenses for businesses to import another five tons of gold in the next few days.   

It recommended people to be cautious about purchasing gold at a time when gold prices fluctuate strongly in both domestic and global markets. 

The SBV also affirmed its consistent policy of stabilizing the dong value./.

By Kim Loan