Have the Commies finally realized that with Vietnam being the world's second largest holder of privately held gold (India is 1st) the people would have not listened to the government anyway, and kept on using gold as they have for thousands of years?From Vietnamnet:
The central bank’s final draft decree on managing gold trading stipulates that people can buy bullion as an investment – it had earlier considered allowing people to sell but not buy -- but not use it as a means of payment.
To be eligible for a three-month license for gold trading, businesses must meet certain conditions related to capital, revenue, and network, it says without spelling out the requirements.
Businesses producing and trading gold jewelry too must register for a license from the central bank.
The SBV also seeks to restrict gold exports and strictly regulate imports......read on
Thanks for the news update.
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