Establishment of an inspection team to inspect law compliance of gold trading enterprises

Organize inspections of law compliance of gold trading enterprises.

The Government Office has just issued Document No. 8390/VPCP-VI dated September 8, 2025 conveying the direction of Permanent Deputy Prime Minister Nguyen Hoa Binh on the recent gold market situation.

The dispatch stated: Regarding the recent gold market situation, implementing the direction of the Prime Minister, the Permanent Deputy Prime Minister Nguyen Hoa Binh assigned the Government Inspectorate to preside over and coordinate with the Ministry of Industry and Trade, the Ministry of Finance, the Ministry of Public Security and the State Bank of Vietnam to urgently establish an inspection team on September 9, 2025 to conduct inspections of compliance with policies and laws of credit institutions and enterprises in gold trading activities, anti-money laundering, creation and use of invoices and documents related to gold trading activities and other related issues; in case of detecting signs of law violations during the inspection process, immediately transfer information and documents to the Public Security agency; report to the Prime Minister the inspection results in September 2025.

Gold market report before 11am every Friday

The State Bank of Vietnam urgently, resolutely and drastically takes solutions and measures to improve the efficiency and effectiveness of state management to ensure a safe, healthy, effective and sustainable gold market, absolutely not allowing fluctuations in gold prices to affect the stability and safety of the financial and monetary markets, and macroeconomic stability; periodically report to the Prime Minister and Permanent Deputy Prime Minister Nguyen Hoa Binh on developments in the gold market before 11:00 a.m. every Friday.

Strictly handle violations

The Ministry of Public Security, within its authority and responsibility, directs functional forces to preside over and coordinate with the State Bank of Vietnam and relevant agencies to immediately implement professional measures to strictly and promptly handle violations of the law related to the gold market and gold trading activities, especially "uncompromising" handling of smuggling, fraud, tax evasion, speculation, illegal trading, hoarding, and manipulation of the gold market...

According to Government Newspaper

Source: https://baobacninhtv.vn/thanh-lap-doan-thanh-tra-viec-chap-hanh-phap-luat-cua-cac-doanh-nghiep-kinh-doanh-vang-postid426000.bbg