Vietnam plans to resume gold imports by July/August to align local prices with global benchmarks.

Vietnam plans to allow companies to import gold for the first time in over a decade, aiming to bridge the gap between local prices and international benchmarks. The Vietnam Gold Traders Association has been in talks with the government about measures to correct the imbalance in gold supply and demand. The government is expected to start official gold imports by July or August, according to the association's vice chair, Huynh Trung Khanh.

June 11, 2024
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