National Assembly Chairman Tran Thanh Man has just signed and issued Resolution No. 173/2024/QH15 of the National Assembly on questioning activities at the 8th Session of the 15th National Assembly.
The content that attracted much attention was the National Assembly's request that the Government implement management solutions to stabilize the gold market; enhance the State's role in managing and regulating the gold market in accordance with regulations; and not let gold price fluctuations affect macroeconomic stability.
Research policies to limit speculation and gold hoarding, and transfer investment resources to production and business.
Promote the application of information technology in the management of gold trading enterprises; strengthen measures to prevent and combat gold smuggling; strictly handle violations.
By June 2025 at the latest, conduct a review, research and propose amendments to Decree No. 24 regulating the management of gold trading activities.
This is a decree issued by the Government in 2012 regulating gold business activities, including: Production and processing of gold jewelry and fine arts; buying and selling of gold jewelry and fine arts; buying and selling of gold bars; gold export and import activities and other gold business activities.
This Decree stipulates that the State has a monopoly on the production of gold bars, the export of raw gold and the import of raw gold to produce gold bars.
In Resolution No. 173/2024/QH15, the National Assembly also requested the Government to strengthen inspection, examination, detection and strict handling of organizations and individuals establishing foreign exchange (Forex) trading floors in violation of the law.
Regarding other areas of banking, the National Assembly requested the Government to closely follow market developments and the domestic and foreign economic situation to proactively, flexibly, promptly and effectively manage monetary policies, contributing to stabilizing the monetary and foreign exchange markets, in line with macroeconomic balance and inflation, and meeting capital needs for the economy.
Continue to direct credit institutions to strive to reduce lending interest rates; ensure safe and effective credit growth, limit the increase of bad debt; direct credit to production, business, and priority sectors, contributing to promoting economic growth and developing green credit; strictly control credit in potentially risky sectors.
Coordinate with relevant ministries and branches to remove obstacles and accelerate the implementation of credit programs according to the policies and directions of the Government and Prime Minister.
In 2025, issue a Decree regulating the Controlled Testing Mechanism in the banking sector.
Urgently issue and implement policies to restructure debt repayment terms and maintain debt groups to support customers facing difficulties due to the impact and damage caused by storm No. 3 (Yagi), flooding, landslides after storm No. 3.
