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Tuesday, 13th April 2004 (4218 views)

Gold bullion import charges have been halved in Vietnam this month.<BR/><BR/>The move to 0.5 per cent is hoped to help stabilise the domestic market according to the finance ministry.<BR/><BR/>At present domestic gold prices stand at around $516 for a 37.5 gram ingot, and are up 26 per cent compared to last year.<BR/><BR/>The new tariff came into effect on April 8, in an area where property prices are often quoted in gold according to Reuters.<BR/><BR/>Less than two tonnes of gold are annually produced by Vietnam along with imports of between 35 and 40 tonnes for local use.

 

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