Gold price continuously hits new peak: Prime Minister gives "hot" instructions

In recent days, gold prices have continuously reached new peaks. Prime Minister Pham Minh Chinh emphasized that this is a very remarkable fluctuation, and at the same time requested that authorities take action to prevent market manipulation, hoarding, and price hikes.

On the morning of September 6, Prime Minister Pham Minh Chinh chaired the regular Government meeting for August 2025, discussing many important contents.

Attending the meeting were members of the Politburo , members of the Party Central Committee, Deputy Prime Ministers, ministers, leaders of ministries, branches and central agencies.

The Prime Minister chairs a regular Government meeting (Photo: Chinhphu.vn).

According to the program, the meeting focused on discussing the socio-economic situation in August and the first 8 months of 2025, the allocation and disbursement of public investment capital, the implementation of 3 national target programs; the direction and administration of the Government and the Prime Minister, the results of the implementation of assigned tasks, administrative procedure reform; key tasks and solutions in September and the fourth quarter of 2025; and a number of other important contents.

Speaking at the opening of the meeting, Prime Minister Pham Minh Chinh emphasized that looking back at August as well as the past time, the world situation continued to develop complicatedly with military conflicts and prolonged political instability in many places; trade conflicts continued to be tense; gold prices, real estate, and the world financial market had fluctuations... These all affected the domestic situation, the market, the supply chain, and the production chain.

In the country, people across the country are joyful and excited to celebrate the 80th anniversary of the August Revolution and National Day September 2, demonstrating national pride, creativity, patriotism, and following the Party, with a series of large, solemn, and meaningful programs and events, especially the exhibition "80 years of the journey of Independence - Freedom - Happiness" and the parade, march, and many other activities that have been successfully organized.

The Prime Minister requested that Government members focus on discussing, analyzing and evaluating the highlights in the direction and administration work, the socio-economic situation in August and the first 8 months; difficulties, obstacles, and the authority to resolve them; objective and subjective causes; lessons learned in direction and administration; assessing the situation and proposing tasks and solutions for the coming time.

Regarding the socio-economic situation in August and the first 8 months of the year, the Prime Minister said that in general, the situation continued to trend positively, with each month being better than the previous month, and 8 months being better than the same period in 2024 in most areas, notably the stable macro-economy, controlled inflation, promoted growth, ensured major balances, and focused attention on cultural and social fields; social security was ensured, people's lives improved, and basically no one went hungry, cold, lacked food, clothing, or schools; politics and society were stable; national defense and security were consolidated and enhanced; foreign affairs and international integration were promoted.

However, the Prime Minister requested an analysis of the pressure on inflation, exchange rates, and interest rates that are increasing; domestic consumption, exports, and public investment tend to slow down; the operation of the two-level local government model still faces difficulties in digital transformation, data connection, and difficulties for lower-level officials; natural disasters, storms, and floods have severely affected people's lives and production and business.

Deputy Prime Minister Nguyen Hoa Binh and Deputy Prime Minister Tran Hong Ha attended the meeting.

Stating that we must develop quickly and sustainably, in which the growth target of 8.3-8.5% this year is a difficult target, but no matter how difficult it is, it must be done, it cannot be avoided and there are conditions to do it, the Prime Minister emphasized that we must continue to promote high fighting spirit, the spirit of the August Revolution and National Day September 2. Our very favorable thing is that the people are patriotic, trust in the Party and the State and are always very creative.

The Head of Government directed that it is necessary to continue to renew traditional growth drivers and promote new growth drivers to ensure synchronous and comprehensive development. Industries, sectors, localities and enterprises must grow for the whole country to grow. Ministries and sectors must review and reduce administrative procedures, striving to reduce 30% of the time, quantity and cost of performing administrative procedures. Along with that, strengthening the handling of backlogged projects is also a solution to unlock resources for development.

The Prime Minister suggested that after the "80-year journey of Independence - Freedom - Happiness" exhibition ends, it is necessary to continue organizing autumn fairs and Tet fairs to introduce and promote goods and products, promote exchanges, link production and business, and promote domestic consumption.

The Prime Minister also requested that Government members highlight lessons learned and key solutions in ensuring social security, education and healthcare for the people; responding to external shocks, climate change and natural disasters; promptly and strictly handling negative phenomena and violations related to market manipulation, hoarding, price gouging, smuggling, counterfeit goods, and fake goods.

The Prime Minister requested that the Deputy Prime Ministers in charge must get involved, and relevant agencies must promote a higher sense of responsibility, grasp the situation more thoroughly and firmly in the field of management and responsibility, especially with new developments and emerging issues, analyze more thoroughly, propose appropriate tasks and solutions, and respond to policies promptly, flexibly and effectively, including the gold market, real estate market and stock market.

Considering the fluctuation in gold prices to be very noticeable, the Prime Minister said that he had directed the authorities to intervene and effectively use state management tools to prevent market manipulation, hoarding, and price hikes. At the same time, it is necessary to accurately assess recent developments in the stock market, determine whether there is price inflation or market manipulation, and if the money flows into the production and business sectors, it is very good.

Source: https://baohatinh.vn/gia-vang-lien-tiep-lap-dinh-thu-tuong-chi-dao-nong-post295123.html