Bank inspectors in
Ngoc Long Gold Trading Company on Xa Dan Street in Dong Da District was fined VND100 million (US$4,800) for illegally trading over US$12,000, which amount was confiscated by the authorities. Ngoc Long was also asked to sell US$10,000 to a foreign currency licensed unit.
My Phuong Gold Trading private Company on
The two companies were asked to sell their foreign currency to licensed commercial banks.
The fines are in accordance with Government Decision 95/2011/ND-CP on banking and monetary violations that took effect last month.
Translated by Dan