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Tuesday, April 01, 2014

Vietnam to ban gold bullion at country’s borders

http://tuoitrenews.vn/business/18725/vietnam-to-ban-gold-bullion-at-countrys-borders

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 1kg 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 SBV should they wish to leave the country with gold bullion.

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