Deputy Prime Minister: Soon establish a gold trading floor, apply electronic invoices to gold buying and selling transactions

The Government Office has just announced the conclusion of Deputy Prime Minister Ho Duc Phoc at a meeting on monetary and fiscal policy management and gold market management.

Have measures to manage the gold market - Photo: THANH HIEP

Control credit capital for real estate loans, direct capital into business

The Deputy Prime Minister assessed that the State Bank of Vietnam and the Ministry of Finance have basically managed monetary and fiscal policies well to achieve the goals of promoting growth, controlling inflation, stabilizing the macro-economy, ensuring major balances of the economy and achieving some results.

That is, budget revenue increased to meet spending needs; indicators on public debt, government debt, foreign debt, and budget deficit were all within allowable limits; lending interest rates decreased by 0.56%, exchange rate management was flexible; credit growth was high at 11.89%...

However, there are still some difficulties that need to be noted such as: real estate credit increased rapidly compared to the end of 2024, high difference between domestic and world gold prices, high credit/GDP ratio in 2024 (135.7%), slow disbursement of public investment capital compared to requirements, high volume of issuance of individual corporate bonds compared to the same period and overdue rate of nearly 13%...

Accordingly, Mr. Phoc requested to focus on implementing synchronous and effective solutions to improve the capacity of the economy, promote production and business development, promptly remove difficulties and obstacles for businesses and people; speed up the disbursement of public investment capital; manage and operate prices appropriately, especially for essential goods, ensuring inflation control according to the set targets...

The State Bank has solutions to reasonably control the mobilization and lending of credit institutions; encourage credit institutions to continue to reduce operating costs to strive to reduce the lending interest rate level.

Tightly control credit flows, especially real estate loans; ensure credit sources are directed to production and business, priority sectors, and growth drivers of the economy.

For the real estate sector, it is necessary to focus on lending for social housing, worker housing, and housing for low-income people.

Strengthen inspection and supervision, promptly detect and strictly handle violations according to regulations (especially regarding cross-ownership, use of short-term capital for medium- and long-term loans exceeding prescribed levels, violations of real estate lending...).

Urgently post on the State Bank's website the buying and selling prices of gold bars; continue to research to soon implement the roadmap for establishing a gold trading floor according to the conclusion of General Secretary To Lam. Issue documents guiding the implementation of Decree No. 232 on the management of gold trading activities.

Researching tax policies on gold, urging payment of corporate bonds

The Ministry of Finance is assigned to strengthen supervision and control of margin lending rates of securities companies; implement regulations on electronic invoices for gold trading activities. Implement synchronous solutions to increase investor confidence in the stock market. Remove difficulties for investors, especially foreign investors.

Continue to study policies on tax exemption for gold jewelry exports and tax policies on gold trading to improve market transparency and prevent speculation.

Urge the payment of individual corporate bonds when they mature; strengthen supervision and control of corporate bond issuance, ensuring the corporate bond market operates healthily, transparently, safely, effectively and sustainably.

Effectively and focusedly implement fiscal policies to support monetary policies, including researching solutions and plans on capital sources for the Vietnam Bank for Social Policies and the Vietnam Development Bank, increasing charter capital for state-owned enterprises according to regulations, mobilizing, managing and using ODA capital and government bonds.

The Government Inspectorate urgently deploys inspections of gold trading activities. The Ministry of Construction studies and proposes the organization of inspections of the real estate market, promptly detecting violations, price fixing, speculation, and manipulation of the real estate market.

Provincial People's Committees must carefully review and limit the approval of licenses and planning for real estate projects that divide lots to build villas and townhouses; and focus on granting licenses and planning for social housing, worker housing, and housing for low-income people.

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NGOC AN

Source: https://tuoitre.vn/pho-thu-tuong-som-lap-san-giao-dich-vang-ap-hoa-don-dien-tu-voi-giao-dich-mua-ban-vang-2025091920182054.htm