Proposal to study the establishment of a national gold exchange

Delegate Le Thi Thanh Lam proposed researching the establishment of a national gold trading floor, creating the foundation for a transparent and professional gold market.

On the morning of October 29, the National Assembly discussed in the hall the assessment of the results of the implementation of the 2025 socio- economic development plan and the projected 2026 socio-economic development plan.

According to delegate Pham Van Hoa ( Dong Thap delegation), the current gold market is unpredictable, the difference between domestic and foreign gold prices is sometimes low and sometimes high, but the higher part is more.

Decree No. 232/2025/ND-CP amending and supplementing Decree 24/2012/ND-CP on gold trading management has allowed businesses to produce gold bars to regulate the market.

However, according to the delegate, the gold market has not shown any signs of slowing down, paradoxically gold rings are more expensive than gold bars. Meanwhile, businesses that are allowed to import gold are only in the process of preparing procedures.

National Assembly Delegate Pham Van Hoa (Dong Thap Delegation). Photo: Quochoi.vn

According to the delegates, high gold prices have a great impact on credit and on people. People believe that investing in gold will prevent the currency from losing value, instead of sending low-interest loans. At the same time, the increase in market prices, especially essential consumer goods and agricultural materials, also affects the macro economy and inflation.

From the above analysis, delegates suggested that the Government and the State Bank need to have more effective solutions to stabilize gold prices, creating favorable conditions for qualified businesses to import gold as soon as possible to stabilize the gold market.

National Assembly delegate Le Thi Thanh Lam proposed to study the establishment of a national gold trading floor. Photo: Quochoi.vn

Also talking about gold trading management activities, delegate Le Thi Thanh Lam (Can Tho Delegation) said that the gold market in 2025 will continue to be complicated. Domestic gold prices maintain a very large difference compared to world gold prices, potentially posing risks to financial and monetary stability.

Delegates said that it is necessary to manage flexibly and effectively, guide the issuance of production and business licenses and regulate gold import and export limits.

The delegate proposed to study the establishment of a national gold trading floor, creating the foundation for a transparent, professional gold market, integrating into the international economy. According to the female delegate, it is necessary to review and simplify administrative procedures, limiting the situation where reducing procedure A creates a forest of procedures B, C, D...

Laodong.vn

Source: https://laodong.vn/thoi-su/de-xuat-nghien-cuu-thanh-lap-san-giao-dich-vang-quoc-gia-1600063.ldo