Party General Secretary Tô Lâm requested that the State''s monopoly on gold bullion branding should be dismantled in a controlled way, with the principle that the government retains oversight of bullion production.
Persistent issues, including market manipulation, price speculation, and significant discrepancies between domestic and international prices, and gold smuggling continue to pose problems.
In a document sent to the Ministry of Public Security on gold market management, the SBV urges security at gold selling points to prevent people with bad intentions from hiring others to line up to collect gold, causing disorder.
Over the past month, the gold market has been the talk of the town. Domestic gold prices have kept hitting new peaks, leading to a surge in trading activities.
The State Bank of Việt Nam will need to introduce a combination of solutions to stabilise the gold market over the worry that skyrocketing domestic prices might hamper economic development, Deputy Miniter of Public Security Lê Quốc Hùng said at...
Prime Minister Phạm Minh Chính has asked the State Bank of Vietnam (SBV) to keep a close watch on international and domestic gold prices, and put in place measures and tools in a timely and effective way to regulate the gold...
Prime Minister Phạm Minh Chính signed an official dispatch on Wednesday, asking relevant authorities to tighten management measures to stablise the local gold market.
The Government Office’s move is to ensure the stability and safety of the gold market, and contribute to limiting the “goldisation” of the economy, besides ensuring national financial and monetary security, and developing a safe, healthy, effective and sustainable gold...
To establish a safe, healthy, efficient and sustainable gold market, the State Bank of Việt Nam has been tasked with proactively devising scenarios and plans to effectively respond to fluctuations in global and domestic gold prices.