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Update news gold market
Vietnam's Ministry of Industry and Trade plans to conduct targeted inspections of five businesses trading in precious metals and gemstones in Hanoi as part of efforts to prevent and combat money laundering.
In contrast to the market in Hanoi, gold dealers in Ho Chi Minh City saw a sharp increase in customer traffic on July 23. Most customers came to sell gold bars, gold rings and diamonds despite a steep decline in gold prices.
Gold rings are currently classified as gold jewelry, so are they subject to tax? Are people buying and selling wedding gold taxable? These issues need thorough research.