DNVN - In the context of strong fluctuations in domestic gold prices, Prime Minister Pham Minh Chinh requested to strengthen market management measures, including immediately implementing inspections and inspections of business enterprises. Gold sales, stores, distribution agents and gold bar buying and selling...
Prime Minister Pham Minh Chinh has just signed Official Telegram No. 23 requesting to strengthen measures to manage the gold market.
The dispatch clearly stated: the world and domestic gold markets are complicated, domestic gold prices fluctuate strongly, affecting the stability and safety of financial and monetary markets and social psychology.
To strengthen measures to manage and develop a safe, healthy, effective and sustainable gold market, the Prime Minister requested the State Bank of Vietnam to preside and coordinate with relevant agencies to urgently Strive to seriously, fully, effectively and promptly implement tasks and solutions to stabilize the gold market assigned by the Prime Minister and the Government.
Continue to closely monitor world and domestic gold price developments to urgently implement prescribed solutions to stabilize the gold market. Comprehensive assessment, thorough analysis and effective solutions, timely, in accordance with regulations, according to market principles to immediately handle the high difference between domestic and international gold bar prices in recent times.
The Prime Minister requested to strengthen gold market management measures in the context of domestic gold prices still fluctuating strongly.
Do not let the "goldenization" of the economy, do not let negative impacts on exchange rates, interest rates, money markets, foreign exchange and financial safety and security, national currency. Report to the Prime Minister on implementation results in March 3.
Thoroughly and comprehensively review the legal framework, mechanisms and policies related to gold market management and gold bar and gold jewelry business activities...
Immediately summarize the implementation of Decree No. 24 of the Government on management of gold business activities to promptly propose to competent authorities to consider amending and supplementing regulations to enhance the effectiveness of management tools. state management, developing a transparent, healthy, effective and sustainable market.
Immediately carry out inspection and examination of the gold market, activities of gold trading enterprises, stores, distribution and trading agents of gold bars and other entities participating in the market.
Promptly detect loopholes and inadequacies to proactively, positively and effectively handle them according to authority and report to competent authorities for appropriate and prescribed handling measures for outstanding issues. authorization.
Strictly handle violations according to the law, especially acts of gold smuggling across borders, profiteering, speculation, manipulation, taking advantage of price pushing policies of organizations and individuals... causing destabilization and safety of the gold market.
In case gold business activities are detected with signs of violating the law, promptly transfer documents and records to the authorities for strict, public and transparent handling according to the law.
The Ministry of Public Security is required to preside over and coordinate with the State Bank of Vietnam and relevant units to urgently implement prescribed measures to strictly handle violations of related laws. gold market, gold business activities, especially acts of smuggling, manipulation, profiteering speculation, pushing up the price of gold bars...
The Ministries of Public Security, Industry and Trade, Finance, Justice, Science&Technology, Information and Communications, relevant agencies and localities proactively coordinate closely with the State Bank of Vietnam in managing the gold market.
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