Indonesian official: Indonesia plans to impose export taxes on gold.

A senior official from the Indonesian Ministry of Finance said on the 17th that Indonesia is finalizing a plan to impose a 7.5% to 15% export tax on gold products. It is reported that Indonesia is one of the major gold producing countries in Asia, with an annual production of about 100 tons in recent years. On the same day, Vietnam, another important gold importing country in Asia, also introduced new measures. Local media reported that the Central Bank of Vietnam plans to increase the daily gold position limit for credit institutions that produce, import, and export gold from 2% of their registered capital to 5%. The move is expected to give Vietnamese banks greater flexibility in supplying gold to the market, helping to narrow the gap between domestic and international gold prices in Vietnam.