SBV willing to permit gold imports
VGP – The State Bank of Việt Nam (SBV) on August 8 said that it is willing to permit importing gold to help stabilize the market, which witnessed a price hike to a record of VND 44.6 million (US $2,165) per tael, VND 2 million (US $97) higher than the global price.
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The economist, however, pointed to psychological reasons and international speculation as other reasons behind the soaring gold price.
The SBV reiterated its consistent policy of stabilizing the dong value and reckoned risks of gold purchase by people at the moment.
The SBV is watching closely the market development and will allow imports of gold imports to make the market stable as well as prevent speculation and manipulation of this valuable goods./.
By Khánh Phương