State Bank requests ministries to coordinate in managing the gold market

The State Bank has just issued Official Dispatch No. 4695/NHNN-QLNH to the Ministry of Public Security , Ministry of Finance, and Ministry of Industry and Trade on implementing the direction of the Government and Prime Minister on the management of the foreign exchange and gold markets.

Illustration photo (Photo: MP)

Accordingly, implementing the direction of the Government and the Prime Minister in the Resolutions of the regular Government meetings, Directives and Official Dispatches on strengthening measures to manage the gold market; in which, assigning the State Bank to preside over and coordinate with agencies and localities to synchronously deploy solutions to ensure macroeconomic stability, curb inflation, proactively grasp the situation to propose and deploy measures to effectively manage the foreign exchange and gold markets, the State Bank of Vietnam requests the Ministries to coordinate in implementing the contents.

Specifically, coordinate with the State Bank and relevant authorities to strengthen market management. Urgently implement measures according to regulations to strictly handle violations of the law in foreign exchange and gold trading and service provision activities.

Especially activities of foreign currency exchange; receiving and paying foreign currency; one-way money transfer from Vietnam to foreign countries and - payment and transfer of money for current transactions not in accordance with regulations; activities of buying and selling gold bars by stores without a business license to buy and sell gold bars.

Along with that, it is required that gold trading organizations, especially gold bullion trading organizations, strictly apply electronic invoices in gold trading transactions to enhance transparency, improve the effectiveness of supervision and management, and ensure the safe and effective operation of the gold market.

In addition, the Official Dispatch also requested the Ministries to coordinate in providing information on cases of smuggling and illegal transportation of foreign currency and gold across the border so that the State Bank can promptly deploy effective plans to manage the foreign exchange and gold markets./.

Minh Phuong

According to dangcongsan.vn

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