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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Vietnam to ban gold bullion at country's borders

By cpowell
Created 2014-04-02 07:43

From Tuoitre News
Ho Chi Minh City, Vietnam
Tuesday, April 1, 2014

Local and foreign individuals will be prohibited from carrying gold bullion and gold material when they enter or leave Vietnam, except for immigration purposes, starting May 15, according to a new circular recently issued by the country's central bank.

The tightened rule is applicable to people who use passports or other approved travel documents that permit them to cross borders legally on their entry and exit, the State Bank of Vietnam said in its new fiat, in replacement of Decision No. 1165/2001, which is currently in effect.

The current regulation dictates that individuals are allowed to bring at most 1 kilogram of gold bullion upon entry but must declare it with the customs agencies. On the other hand, they must obtain a license from the local branches of the State Bank of Vietnam should they wish to leave the country with gold bullion. ...

... For the full story:

http://tuoitrenews.vn/business/18725/vietnam-to-ban-gold-bullion-at-coun... [1]



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