Importing Gold of Vietnam from 2012 to 2016
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HO CHI MINH CITY UNIVERSITY OF FOREIGN LANGUAGES AND INFORMATION TECHNOLOGYDEPARTMENT OF INTERNATIONAL BUSINESS ADMINISTRATION[pic 1]REPORTTHE STATUS OF IMPORTING GOLD OF VIETNAM FROM 2012 TO 2016Instructor: Châu Thế Hữu Members of group: Lê Ngọc Linh Phạm Huyền Trâm Nguyễn Minh Quân Ho Chi Minh City, (April, 2017)ContentsINTRODUCTION 2CHAPTER 1: THE STATUS OF IMPORTING GOLD OF VIETNAM FROM 2012 TO 2016 31.1. THE STATUS OF IMPORTING GOLD OF VIETNAM FROM 2012 TO 2016 31.1.1. VALUE AND AMOUNT OF IMPORTING: 31.1.2. Imports structure 101.1.4 Importing prices 161.1.5 Mode of payment 191.1.6. Gold import procedures 241.2 Assessment of importing gold 251.2.1 Strengths 251.2.2 Weaknesses 26CHAPTER 2: SOLUTTION TO CONTROLL QUALITY AND QUANTITY OF GOLD 28CONLUTION 30REFERENCE 32INTRODUCTIONAlong 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 estateBecause 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 peoples 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:The status of importing gold of VietNam from 2012 to 2016Our 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.Assessment of importing goldIn 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 goldCHAPTER 1: THE STATUS OF IMPORTING GOLD OF VIETNAM FROM 2012 TO 2016THE STATUS OF IMPORTING GOLD OF VIETNAM FROM 2012 TO 2016VALUE AND AMOUNT OF IMPORTING:Unit: USDNAME OF COUNTRYHS CODEValue in 2015Value in 2014Value in 2013Value in 2012GREAT BRITAIN71081,287AUSTRIA7108124,990UNITED ARAB MIRATES710841,996,13833,444,70732,400,42220,519,881CANADA71081,871,7291,515,039839,865946,304DENMARK7108287,168156,29542,726107,034GERMAN71085,892KOREA71089,549,74414,840,63714,336,22414,436,702HONG KONG710833,212,44024,209,96221,251,03121,411,480ITALY7108508,672311,178632,915LIECHTENSTEIN710820,8598,227RUSSIA71083,788MALAYSIA71082,455,7122,379,0621,151,449202,980THE UNITED STATE71083,048,67612,689,9182,644,414246,1480JAPAN710812,248,54114,361,79216,005,58414,762,201AUSTRALIA710813,194,25214,736,09414,608,24914,220,013FRANCE71084,768,9567,621,75510,422,6839,277,886THAILAN7108551,166585,513165,590479,164SWITZERLAND7108809,9594,604334,129110,431CHINA7108394,109405,927245,737UNDISTRIBUTED AREA CLEARLY WHERE71081,42132,329SINGAPORE71081,566,428771,0032,885,823593,864Table 1.1.1A: the value of importing gold from 2012 -2015