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Vietnamese PM orders ban on gold trading floors effective 31 March.

BBC Monitoring International Reports

| January 04, 2010 | COPYRIGHT 2001 BBC Monitoring. (Hide copyright information)Copyright

Text of report in English by state-run Vietnamese news agency VNA website

[Unattributed article from the "Business" page: "PM suspends public gold trading"]

Hanoi (VNA) - All public gold trading floors will be banned effective March 31, 2010, under a recent order by Prime Minister Nguyen Tan Dung.

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.

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