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Vietnam to allow gold imports -central bank
November 11, 2009 / 9:13 AM / 8 years ago

Vietnam to allow gold imports -central bank

HANOI, Nov 11 (Reuters) - Vietnam’s central bank said on Wednesday it would allow imports of gold to stabilise the market after the price of gold onshore rose sharply in recent days, which helped push the value of the Vietnamese dong down. “The State Bank of Vietnam will allow gold imports with a volume sufficient to interfere in the market in order to stabilise the market, combat speculation and prevent an impact on the interests of the people,” it said in a statement.

There has been a ban on gold imports since May 2008. (Reporting by John Ruwitch and Ho Binh Minh; Editing by Clarence Fernandez)

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