The dispatch stated that in the past, the Government has issued Resolutions, the Prime Minister has issued many dispatches and directives to promptly, resolutely and effectively direct solutions for managing the gold market.
At the same time, the Government and the Prime Minister also requested the State Bank of Vietnam to closely monitor the gold market and implement solutions to stabilize the gold market according to the law.
With synchronous solutions, until early April 2025, the gap between domestic and world gold prices has been controlled and maintained at an appropriate range, at times only about 1-2%.
However, along with internal shortcomings that have not been completely overcome, unusual and unprecedented developments in the world geopolitical situation from the beginning of 2025 to now have pushed international gold prices to continuously increase, domestic gold prices fluctuated strongly, the gap between domestic and world gold prices increased.
To ensure the effectiveness and efficiency of state management and the goal of developing a safe, healthy and effective gold market, the Prime Minister requested the State Bank of Vietnam to preside over and coordinate with relevant agencies to continue to seriously, fully, effectively and promptly implement the tasks and solutions for stabilizing the gold market assigned in Resolutions, Official Dispatches, Directives and related documents.
Closely monitor the developments of world and domestic gold prices, promptly implement solutions according to regulations according to authority when necessary to stabilize and stabilize the gold market.
Do not let negative impacts on exchange rates, interest rates, currency markets, foreign exchange and safety, financial security, national currencies.
Urgently issue Inspection Conclusions for enterprises and credit institutions trading in gold; proactively handle and report to competent authorities to strictly handle violations of the law according to regulations.
Supplementing Decree 24 2012 on the management of gold trading activities, supplementing and consolidating regulations to enhance the effectiveness of state management tools, developing a transparent, healthy, efficient and sustainable market, contributing to promoting socio-economic development and stabilizing the macro economy.
At the same time, it is necessary to be more proactive in information and communication work; promptly provide official, public and transparent information on policies and guidelines for managing financial, monetary, foreign exchange and gold markets; stabilize people's psychology, and create social consensus.
The Prime Minister assigned the Ministry of Public Security to preside over and coordinate with the State Bank of Vietnam and inspection, examination and protection agencies to immediately implement measures according to regulations to strictly handle violations of the law related to the gold market and gold trading activities.
