Recently, the Ho Chi Minh City Market Management Sub-Department directed Market Management Teams to strengthen inspection of law compliance in gold business activities at establishments in the area.
Recorded on April 27, in areas with many gold shops such as Cho Quan, An Dong, Cho Lon..., the market was quite quiet. At some stores, display cabinets are quite empty or only displayed in limited quantities, mainly popular jewelry products.
An employee of a store on Nguyen Duy Duong street said that because it is still on holiday, the number of customers coming to transact has decreased significantly compared to before, especially on the buying side. Therefore, the store proactively displays few samples; when customers have needs, they will take more to introduce.
According to records, the cautious psychology of people in the face of gold price fluctuations, along with the strengthening of inspection and supervision by functional agencies, has somewhat slowed down the market. Many customers choose to follow developments instead of deciding to buy gold immediately as before.
Representatives of the Ho Chi Minh City Market Management Sub-Department said that in the coming time, the unit will continue to strengthen local management, inspect and supervise gold business activities; promptly detect and strictly handle violations, contributing to market stability and protecting consumer rights.
In fact, the continuous detection of jewelry business cases of unknown origin shows potential risks for buyers, and at the same time raises the requirement to tighten management. Proactively implementing thematic inspections not only aims to rectify business activities but also contributes to building a healthy competitive environment, limiting tax revenue loss and ensuring transparency of goods origin in the gold market.
