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Section: Business News - All public gold trading floors will be banned effective March 31, 2010, under an order by Prime Minister Nguyen Tan Dung on Wednesday.
The order requires all gold trading floors to be shut down and all domestic investor accounts terminated by that date, after which time the State Bank of Vietnam will assume oversight of all trades in the precious metal.
The order also requires the central bank to suspend all 2006 regulations allowing gold trading via accounts abroad.
Jewellery businesses will still be allowed to sell gold jewellery, but the State Bank will draft new regulations limiting how gold can be traded in this form.