In 1990, Mieu was arrested and had 844 grams of gold confiscated on suspicion of profiteering. He was later released, but after 36 years, the evidence has not been returned to him.
Vimico, the sole gold and silver mining company listed on the stock market, announced a record after-tax profit of 1,531 billion dong, driven by a surge in mining output and product prices.
Most Wall Street experts predict a decline in gold prices, while individual investors are divided as the precious metal consistently fluctuates around the 4,000 USD mark.
The chairwoman of the board of directors and deputy director of Phuong Xuan Gold and Silver Joint Stock Company are accused of instructing employees to sell goods without issuing invoices and creating numerous personal accounts to evade taxes.
Amid geopolitical uncertainties, many central banks plan to reduce their US dollar holdings and increase gold purchases, according to a survey by a UK-based independent research organization.
SPDR net sold 58 tons of gold, reducing its holdings to a 9-month low, as gold prices continuously declined and fell below the 4,000 USD mark for the first time since the beginning of the year.
Gold scales used for buying and selling may be subject to mandatory inspection by designated organizations, with certificates requiring valid terms, according to a new draft from the Ministry of Science and Technology.
Inspected at Bo Y international border gate, passenger bus driver Dam Quang Vy threw a black package concealing over 0.5 kg of gold, which he was transporting from Laos, into a toilet.
The Ministry of Finance states there are insufficient grounds to apply personal income tax to gold bar transactions, despite the law now including this income type as taxable.
According to an expert, gold is a defensive asset but not an absolute one, suggesting selling a portion to avoid impacting next year's home buying plan.
