Cambodia News, An Giang province, Vietnam: Vietnamese police tracked down a group of gold smugglers from Cambodia to Vietnam through the border checkpoint between An Giang province in Vietnam and Kandal province in Cambodia, according to the Vietnamese newspaper VN Express, published on July 27, 2023.

An Giang provincial police said they carried out a raid on a boat on Tuesday night, July 25, 2023, where a group of people were attempting to smuggle gold into Long Binh district of An Giang province illegally from Cambodia. However, the boatmen escaped after being spotted by police, leaving several packages on board. When opened by the police, the packages were found to contain 19 kilograms of gold.

The next day, two Vietnamese men, aged 60 and 22, entered the police station and confessed that they were smuggling gold from Cambodia to sell at a local shop in Long Binh, when it was seized by police. The Vietnamese officers are still investigating the case.
Text: VNExpress
Photos: Kohsantepheap news

Fucking gold smugglers they are the pits....

July 31, 2023
Authorities looking for source of gold smuggled into Vietnam
Buth Reaksmey Kongkea / Khmer Times
Cambodian authorities are now looking for the source of the 19kg gold that Vietnamese authorities seized last week from Cambodian traders at the border.

Colonel Pov Theng, the deputy chief of the anti-economic crime department in the Ministry of Interior, said that import or export of gold without licence or authorisation from the National Bank of Cambodia is illegal and prohibited.

According to Col Theng, two Cambodian businessmen were detained by Vietnamese border police on July 25 and had 19 kilograms of gold worth more than $1.2 million confiscated.

He said that the two Cambodians, one of them 60 years old and the other 22 years old, were apprehended after smuggling the gold illegally on a Vietnamese fishing boat on the Mekong River in Vietnam’s An Giang province.bordering Kandal province.

Vietnamese authorities alerted Cambodian authorities after the arrests, he said.

Col Theng said the men were detained and the gold seized because it had been transported into Vietnam without a licence from the appropriate Cambodian authorities.

He added that the two suspects are being held by the Vietnamese authorities to facilitate investigations.

“This is not the first time our police have received reports about gold smuggling from Cambodia to Vietnam.
https://www.khmertimeskh.com/501333948/ ... o-vietnam/

Better to take a car when smuggling gold. At least you can carry it while running from the police, swimming however..

Tax evasion ?

phuketrichard wrote: ↑Wed Aug 02, 2023 5:53 pm

John Bingham wrote: ↑Wed Aug 02, 2023 4:54 pm

Doc67 wrote: ↑Wed Aug 02, 2023 4:27 pm What's the price difference between gold in Cambodia and Vietnam?

I looked it up. Today's prices:
In Vietnam 1G of 24k is $61.70
In Cambodia 1G of 24k is $60.31

So a potential profit of $26,600

and how much to buy 19 kilos???
way to much risk for small return

Well in my I experience gold smugglers are not the smartest individuals. They should all be rounded up and put in prison.