Vietnam authorities expected to loosen gold import rules by July/August

Reuters with the info:

• Vietnam is expected to
  allow companies to import gold for the first time in over a
  decade, as it aims to bridge the widening gap between local
  prices and international benchmarks, an industry official told
  Reuters
• The Vietnam Gold Traders Association (VGTA) has been in
  protracted talks with the government over measures to correct
  the imbalance in supply and demand of gold, Huynh Trung Khanh,
  the association’s vice chair said
• “The government said they will start official gold imports
  by July or August. We hope that by July they will allow gold
  companies to import directly,” Khanh said on the sidelines of
  the Asia Pacific Precious Metals conference.

BRB with a link for more on this.

This article was written by Eamonn Sheridan at www.forexlive.com.