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flag Vietnam approves gold bar production applications amid new regulations to curb illegal trading and stabilize prices.

flag Nine Vietnamese banks and enterprises have applied for gold bar production licenses under new regulations, as the State Bank of Vietnam advances reforms to stabilize a market seeing a 90% price surge since late 2024. flag The central bank is evaluating applications and studying a national gold exchange, emphasizing caution due to risks from weak oversight. flag A new decree, effective February 9, 2026, imposes fines up to VND400 million for unauthorized gold trading, import/export without permits, or using gold as payment. flag The move aims to strengthen financial oversight, curb illegal activity, and support macroeconomic stability amid rising global gold demand and domestic volatility.

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