HANOI, Sept. 15 (Xinhua) -- The Vietnamese government has proposed imposing personal income tax on gold trading to improve market transparency and curb speculation, the local daily Kinh Te & Do Thi reported Monday.
The move came in response to recent sharp fluctuations in domestic gold prices.
Saigon Jewelry Company gold bars were sold at a record high of more than 135 million Vietnamese dong (5,118 U.S. dollars) per tael, 20 million dong (some 758 dollars) higher than global prices, according to the report.
Last week, Prime Minister Pham Minh Chinh instructed the State Bank of Vietnam to strengthen inspections and strictly deal with market manipulation and hoarding aimed at pushing up prices and illegal trading activities that destabilize the gold market. ■
