(VOV) - The State Bank of Vietnam (SBV) has allowed local businesses to import 2,100 tonnes of gold, announced the General Department of Customs on January 12.
Vietnam imports 10 tonnes of gold to stabilize market
SBV - the only agency allowed to export gold
Gold prices reach VND43.72 million/tael
Accordingly, DI Co. Ltd. will import the largest amount of 450 tonnes, followed by Jewlpark Vina Co. Ltd., 360 tonnes, and Son Duong Vang Co. Ltd., 320 tonnes. Some businesses are permitted to buy 130-180 tonnes from overseas markets, while others are only allowed to import 6-20 tonnes.
The imported gold will be used to make jewelries for export.