On the afternoon of September 6 in Hanoi, the Government Office held a regular Government press conference in August 2025.
At the press conference, the press raised questions about the Government's recent issuance of Decree No. 232/2025/ND-CP on the management of gold trading activities.
"We propose to provide more detailed information about the procedures for establishing gold bar production enterprises in particular, and how gold production and business in general will be implemented to ensure convenience, transparency, and bring domestic gold prices closer to world gold prices," the press asked.
Regarding this issue, Deputy Governor of the State Bank Pham Thanh Ha said that in Decree 232 as well as Decree 24, the State Bank grants licenses to businesses and commercial banks in the production of gold bars, trading in gold bars and production of gold jewelry.
Regarding the licensing of gold production, Decree 232 stipulates specific conditions for enterprises as well as commercial banks to be considered for licensing. The State Bank will specify the documents and licensing procedures. Currently, the State Bank is urgently developing and completing guiding documents according to the prescribed procedures.
The guiding documents will be designed in a public and transparent manner, reducing costs, saving time and resources for businesses, in accordance with the policies and instructions of the Party and the Government on solutions to support businesses as well as improve the business environment - said the Deputy Governor.
Regarding gold market management, the Deputy Governor said that the State Bank will closely coordinate with the Ministry of Public Security, the Government Inspectorate and relevant agencies to immediately implement the Prime Minister's instructions on gold market management, ensuring strict compliance with legal regulations.
Regarding the State Bank's solutions for the economic growth target of over 8% in 2025, Deputy Governor Pham Thanh Ha emphasized that the State Bank deeply recognizes this as an extremely important political task.
In recent times, the State Bank has proactively and promptly implemented synchronous policy management solutions to support economic growth associated with macroeconomic development, control inflation and ensure major balances of the economy.
"The liquidity of the credit system is guaranteed, the currency market is stable, the exchange rate is flexibly managed according to market developments," said Mr. Pham Thanh Ha.
Regarding specific results, according to Mr. Pham Thanh Ha, lending interest rates continue to decrease. By the end of August, the average lending interest rate decreased by 0.6% compared to the end of 2024.
Regarding the foreign exchange market, liquidity is guaranteed to be smooth. The legal foreign currency demand of the economy is met. By the end of August, the average interbank rate increased by 3.45% compared to the end of last year.
Credit growth is positive compared to recent years, by the end of August, outstanding credit in the whole economy reached VND 17.46 trillion, up 11.82% compared to the end of 2024.
Credit programs and policies under the direction of the Government and the Prime Minister continue to be implemented vigorously and effectively by credit institutions, thereby providing timely capital for the economy.
The results achieved in monetary policy management have contributed significantly to controlling inflation in line with the set goals.
