More Quotas for Gold Import

On 2 May, 2008, the State Bank issued documents 3976, 3977, 3078, 3979 and 3980/NHNN-QLNH concerning proposals for gold import from some business units. Accordingly, the State Bank allows some commercial banks and enterprises to trade in gold material, the quotas of which have been additionally granted. Particularly, Gems and Gold companies and Agriculture and Rural Development Bank are allowed to obtain 1,000 kilos of gold, Sacombank 1,000 kilos, Dong A Commercial Bank 500 kilos, Phu Tho SJC company 500 kilos, Doji Gem and Gold and commercial investment company 500 kilos. As a result, the total additional quota of gold material for business units is 3,500 kilos.