On September 4th, at the Lao Cai International Border Gate, the Operational Department and the Border Guard Station of Lao Cai International Border Gate, in collaboration with the Police, Customs, and other relevant authorities, apprehended four individuals illegally transporting precious metals from China to Vietnam. The suspects are: Nguyen Thi Bich Dao (born in 1989, residing in Village 1, Coc San Commune); Cu Thi Hong (born in 1959, residing in Tong Mon Village, Coc San Commune); Hoang Thi Tham (born in 1984, residing in Group 4, Kim Tan Ward); and Tran Thi Gai (born in 1961, residing in Group 3, Lao Cai Ward).
The seized evidence includes nine rectangular gold bars, each measuring 5.5 x 3.8 cm, with one flat side and one convex side featuring an embossed image of Buddha.
Suspect Hoang Thi Tham.
Suspects Cu Thi Hong (left) and Tran Thi Gai (right).
Preliminary investigations reveal that this group frequently transports goods for hire from Hekou (China) to Vietnam for a fee. Recently, they shifted to transporting gold for an unidentified Chinese woman, earning 100,000 VND per piece.
The specialized task force has directed the drafting of arrest warrants, sealing of evidence, forensic examination, and further investigation.
Seized evidence in the case.
Forensic analysis by the Institute of Criminal Science (Ministry of Public Security) confirmed that all nine seized metal pieces are gold (Au) with an average purity of 99.95%. The total weight is 2,533.2 grams (equivalent to 675.52 taels), valued at approximately 7.836 billion VND.
The Border Guard Station of Lao Cai International Border Gate has issued a decision to initiate criminal proceedings for further investigation under its jurisdiction.
Smashing the Gold Smuggling Ring: Uncovering the China-Vietnam Gold Trafficking Network
On September 12th, the LC825 Special Task Force (under the Command of the Border Guard of Lao Cai Province) announced the successful dismantling of an illegal gold bar smuggling ring. The operation intercepted the illicit transport of gold bars from China into Vietnam via the Lao Cai International Border Gate.
The Ultimate Waterfall Wonder: Vietnam and China’s Landmark Tourism Collaboration.
After a year-long pilot operation, the Ban Gioc Waterfall (Vietnam) – De Tian (China) Scenic Landscape Area is now officially open.
Gold Auction Set to Resume as Central Bank Seeks Support from Police and Finance Ministry
On April 15, 2024, the SBV sent a document to the relevant Ministries and agencies requesting their coordination in implementing the Prime Minister’s instructions on gold market management. At the same time, it also issued a directive to the SBV branches in provinces and centrally run cities and the licensed credit institutions and enterprises to perform the tasks assigned by the SBV.
Benefit from a gold shortage?
Since the beginning of the year, SJC gold has maintained its high price “solo” despite the upcoming State Bank’s Decree 24 on managing the gold market related to the “monopoly” of SJC gold.
Lively Import-Export and Immigration Activities on New Year’s Day at Lao Cai Border Gate
On the first day of the new year 2024, the import and export activities, as well as the crossing of borders, at Lao Cai border gate were lively and convenient, thanks to the excellent preparation by the border authorities of both sides.
