Prime Minister Pham Minh Chinh has just sent a telegram requesting to strengthen measures to manage the gold market.
In recent times, the Prime Minister has directed solutions to manage the gold market, and the Government has issued a Resolution directing the State Bank of Vietnam to closely monitor developments in world and domestic gold prices to keep up with the situation. while implementing measures to stabilize the gold market. In addition, Government leaders have issued many documents directing and urging the State Bank of Vietnam and related agencies to urgently implement measures to manage and supervise gold market activities.
However, 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.
The Prime Minister requested the State Bank of Vietnam to preside and coordinate with relevant agencies to urgently seriously, fully, effectively and promptly implement tasks and solutions to stabilize the gold market.
The State Bank needs to continue to closely monitor developments in world and domestic gold prices to urgently implement prescribed solutions to stabilize the gold market.
The Prime Minister noted a comprehensive assessment, thorough analysis and effective, timely, compliant solutions, according to market principles to immediately handle the difference between domestic and international gold bar prices. economy at a high level in recent times, not allowing the "goldenization" of the economy, not allowing negative impacts on exchange rates, interest rates, money markets, foreign exchange and financial safety and security, national currency.
The State Bank needs to 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. Decree of the Government on the management of gold business activities to promptly propose competent authorities to consider amending and supplementing regulations to enhance the effectiveness of state management tools and supplement sanctions. according to authority...
The State Bank and other agencies shall immediately carry out inspection and examination of the gold market, activities of gold trading enterprises, stores, distribution agents and gold bar buyers and entities. others participate in the market. It is necessary to promptly detect loopholes and inadequacies to proactively, positively and effectively handle them according to authority and report to competent authorities to propose appropriate and prescribed handling measures for the problems. beyond authority.
The Head of the Government requested strict handling of violations according to the law, especially acts of gold smuggling across borders, profiteering, speculation, manipulation, and taking advantage of price-increasing policies of the governments. Organizations, individuals... cause instability 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.
“Be more proactive in information and communication work, promptly providing official, public and transparent information on guidelines and policies for managing financial, currency, foreign exchange and gold markets, strengthen confidence in the value of the Vietnamese Dong and stabilize people's psychology, creating social consensus," the Prime Minister directed.
The Prime Minister assigned the Ministry of Public Security to preside over and coordinate with the State Bank of Vietnam and other inspection, examination, law protection agencies and relevant authorities to urgently implement measures according to regulations. to strictly handle violations of the law related to the gold market and gold business activities, especially acts of smuggling, manipulation, profiteering speculation, and pushing up gold bar prices...
Gold price today March 20, 3 continues to increase, approaching 2024 million VND/tael
The Deputy Prime Minister requested urgent inspection and control of the gold market
