Importing Gold of Vietnam from 2012 to 2016

HO CHI MINH CITY UNIVERSITY OF FOREIGN LANGUAGES AND INFORMATION TECHNOLOGY

DEPARTMENT OF INTERNATIONAL BUSINESS ADMINISTRATION

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REPORT

THE STATUS OF IMPORTING GOLD OF VIETNAM FROM 2012 TO 2016

Instructor: Châu Thế Hữu

        Members of group:  

        Lê Ngọc Linh

        Phạm Huyền Trâm

        Nguyễn Minh Quân        

Ho Chi Minh City, (April, 2017)

Contents

INTRODUCTION        2

CHAPTER 1: THE STATUS OF IMPORTING GOLD OF VIETNAM FROM 2012 TO 2016        3

1.1.        THE STATUS OF IMPORTING GOLD OF VIETNAM FROM 2012 TO 2016        3

1.1.1.        VALUE AND AMOUNT OF IMPORTING:        3

1.1.2.        Imports structure        10

1.1.4        Importing prices        16

1.1.5        Mode of payment        19

1.1.6. Gold import procedures        24

1.2 Assessment of importing gold        25

1.2.1 Strengths        25

1.2.2 Weaknesses        26

CHAPTER 2: SOLUTTION TO CONTROLL QUALITY AND QUANTITY OF GOLD        28

CONLUTION        30

REFERENCE        32

INTRODUCTION

Along with the economic renovation process and the development of the market economy In Vietnam, the role of gold is associated with the ups and downs of the economy. Moreover, the monetary role of gold is evident in the economic downturn, with inflation at galloping pace. For the Government, gold is used as a tool to stabilize the value of VND and to contribute to the fight against inflation. For the people, it is the storing tool and gold jewelry. On the other hand, for enterprises, it is the payment instrument and transaction tool with the foreign currency (mainly US dollars). At present, The gold market fluctuations vigorously and the decline with no signs of recovery that reflect the uncertainty of the global economy. So people are rushing to invest in gold as a way to counter potential risks such as stock market downturn, prolonged freezing real estate...

Because of the strong effects of gold on many aspects of life, we would like to research about importing gold to understand that how to importing gold impact on the market. The analysis of the instability of gold and the process of import and export of gold, the advantage of the management structure of gold market of the state is very urgent and necessary at this time. To make this report, The research team has consulted reliable sources such as the people's newspaper, the trade magazine, and mainly from the General Statistics Office. The process follows the steps below:

CHAPTER 1: The status of importing gold of VietNam from 2012 to 2016:

1. The status of importing gold of VietNam from 2012 to 2016

Our team searched the statistics on the GSO website. Then, analyze the numbers in every year. The next step, learn the customs procedures and payment methods.

1. Assessment of importing gold

In this section, we have provided general comments on the figures given. Of which, the import of gold have both strengths and weaknesses.

CHAPTER 2: Solution: How to controll quality and quantity of gold

CHAPTER 1: THE STATUS OF IMPORTING GOLD OF VIETNAM FROM 2012 TO 2016

1. THE STATUS OF IMPORTING GOLD OF VIETNAM FROM 2012 TO 2016

1. VALUE AND AMOUNT OF IMPORTING:

Unit: USD

Table 1.1.1A: the value of importing gold from 2012 -2015