The Government Office has just issued Document No. 8390/VPCP-V.I dated September 8, 2025, conveying the direction of Permanent Deputy Prime Minister Nguyen Hoa Binh on the situation of the gold market in recent times.
Regarding the situation of the gold market in recent times, implementing the direction of the Prime Minister, 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.
The inspection team will conduct an inspection of compliance with policies and laws of credit institutions and enterprises in gold trading activities, prevention and combat of money laundering, issuance 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, the information and documents must be immediately transferred to the police agency; report to the Prime Minister the inspection results in September 2025.
The document stated that the State Bank of Vietnam urgently, resolutely and resolutely has solutions and measures to improve the effectiveness and efficiency of state management to ensure a safe, healthy, efficient 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, before 11:00 a.m. every Friday, report to Prime Minister and Permanent Deputy Prime Minister Nguyen Hoa Binh on the developments of the gold market.
For the Ministry of Public Security, according to its authority, it is responsible to direct the 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 handling "uncompromising" acts of smuggling, fraud, tax evasion, speculation for profit, illegal trading, hoarding, and gold market manipulation.
