On October 30, continuing the program of the 10th Session of the 15th National Assembly, Deputy Prime Minister Le Thanh Long participated in explaining and clarifying a number of issues raised by National Assembly deputies at the discussion session on the socio-economic situation.
Sharing some information related to gold prices and gold market management measures, the Deputy Prime Minister said that in the world market, there are times when gold prices reach nearly 4,400 USD/ounce. The difference between world and domestic gold prices is sometimes nearly 20 million VND but sometimes 1 million VND.
I asked Mr. Son - Deputy Governor of the State Bank, he said the same thing in China, that is a reality - Deputy Prime Minister Le Thanh Long said.
"So, what is the reason?" - The Deputy Prime Minister questioned and gave the reason as geopolitical fluctuations. At the same time, the economic and trade policies of major countries are very inconsistent. There are psychological problems in Vietnam.
The solution proposed by the Deputy Prime Minister is to strengthen the work of grasping the situation. At the same time, the Prime Minister is very determined in the inspection.
"If the Bank Inspectorate cannot do it, the Government Inspectorate will intervene. We have been handling a number of cases" - Deputy Prime Minister Le Thanh Long emphasized.
Another issue is amending Decree 24/2012/ND-CP on management of gold trading activities, to reduce monopoly in the gold market. At the same time, relevant agencies are studying and submitting a project to establish a gold trading floor, aiming to make transactions transparent and strengthen market control tools.
Reporting further information to the National Assembly, Deputy Prime Minister Le Thanh Long said that our GDP in 2024 is about 12 million billion VND. Meanwhile, the total gold trading turnover in the first 9 months of 2025 is about 23.3 trillion VND.
