Vietnam to end gold trading floors

4 January 2010  The Financial Times

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Vietnam has ordered all gold trading floors to close by the end of March, putting an end to a business which turns over $1bn a day but which the government feared was spinning out of control.

“Both the owners of the gold-trading floors and traders are doing their transactions on a fragile foundation that lacks legal, economic and technical frameworks and knowledge,” the government said in a statement.

http://www.ft.com/cms/s/0/724c92ec-f6d6-11de-9fb5-00144feab49a.html?nclick_check=1