On 30 December 2009 the Government Office released Notice No. 369/TB-VPCP (Notice 369) in which the Prime Minister ordered all the gold-trading floors to be shut by 30 March 2010.
Notice 369 conveys the following conclusions of the Prime Minister at a cabinet meeting on 22 December 2009:
Gold is a special commodity and all activities relating to gold are subject to the State management of special regulation because they are to impact Vietnam monetary policies and affect socio-economic stability. To centralise and ensure uniform State management over gold production and trading, the relevant ministries and provincial People's Committees are requested by the Prime Minister to apply the following measures with immediate effect:
For inquiries related to this Client Alert, please contact:
Dao Nguyen ( )
Thinh Dan ( )
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