29

March

Vietnamese traders beat bullion export ban

29 March 2011  The Financial Times

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Vietnamese gold traders have sent billions of dollars worth of high-grade gold jewellery to be smelted in Switzerland over the past two years to circumvent government restrictions on bullion exports.

Before 2008, Vietnam exported minimal amounts of gold ornaments to Switzerland, which dominates the global gold smelting industry, turning items from rings to candlesticks into international standard bullion.

http://www.ft.com/cms/s/0/4aa15524-5964-11e0-bc39-00144feab49a.html