The State will officially hold a monopoly in producing gold bars starting from May 25 when the decree on gold bar trading management becomes effective. Decree 24/2012/ND-CP signed by the Prime Minister on Tuesday assigned the central State Bank of Vietnam (SBV) to unify the management of gold bar trading on behalf of the Government. The decree is basically the same as its draft version announced in... 

Monopoly will be scrapped from insurance business within the next three years as highlighted in a development strategy for Vietnam’s insurance market in the 2011-2020 period. The insurance market development strategy issued last week partially reflects the Government’s goal of restructuring the financial and insurance sectors. According to the strategy, to enhance the security, sustainability... 

The gold market has warmed up after the draft decree on gold bullion trade has opened for public opinions. However, worries have been raised that the new regulations would lead to the monopoly on the market. The final draft of the decree on bullion gold trade has been sent to ministries, enterprises and associations for collecting opinions. Under the draft decree, individuals and institutions will...