PM asks for more effective measures bóng đá bet88 manage gold market

Prime Minister Pham Minh Chinh issued an official dispatch on May 13, asking the State Bank of Vietnam (SBV), ministries and agencies bóng đá bet88 implement measures bóng đá bet88 effectively manage the gold market.

The official dispatch, as quoted by the Vietnam News Agency, noted that in recent times, the Government has issued resolutions and the Prime Minister has issued official dispatches and directives with timely, drastic and effective directions on solutions bóng đá bet88 manage the gold market, requesting the SBV bóng đá bet88 closely monitor, deploy solutions bóng đá bet88 stabilize the gold market, and promptly develop and submit bóng đá bet88 competent authorities a Decree amending and supplementing Decree No. 24/2012/ND-CP dated April 3, 2012 on the management of gold trading activities.

According bóng đá bet88 the dispatch, with synchronous solutions, by early April 2025, the difference between domestic and world gold prices was controlled and maintained at a suitable range, at times only about 1 - 2%.

However, along with pending internal shortcomings, the unusual and unprecedented developments in the world geopolitical situation since the beginning of 2025 have pushed international gold prices bóng đá bet88 continuously increase, resulting in strong fluctuations in domestic gold prices, and the growing gap between domestic and world gold prices, the dispatch said.

bóng đá bet88 ensure the effectiveness and efficiency of state management and the goal of developing a safe, healthy, effective and sustainable gold market, not allowing gold price fluctuations bóng đá bet88 affect the stability and safety of the financial and monetary markets, bóng đá bet88 stabilize the macro economy, control inflation, and promote economic growth and social psychology, PM Chinh requested the SBV bóng đá bet88 coordinate with relevant agencies in implementing the tasks and solutions.

Specifically, the SBV was asked bóng đá bet88 closely monitor the developments in world and domestic gold prices, promptly implement solutions according bóng đá bet88 regulations when necessary bóng đá bet88 stabilize the gold market; avoid negative impacts on exchange rates, interest rates, the money and foreign exchange markets, and national financial and monetary safety and security; and report the implementation results bóng đá bet88 the PM in May.

The central bank was also requested bóng đá bet88 issue the inspection conclusion for enterprises and credit institutions trading in gold according bóng đá bet88 the SBV’s Inspection Decision No. 324/QD-TTGSNH2 dated May 17, 2024; proactively handle and report bóng đá bet88 competent authorities bóng đá bet88 strictly handle violations, and report the implementation results bóng đá bet88 the PM in May.

The central bank shall coordinate with the Ministry of Justice and relevant ministries and sectors bóng đá bet88 urgently complete the proposal bóng đá bet88 amend and supplement Decree 24/2012/ND-CP dated April 3, 2012 on the management of gold trading activities, supplement and consolidate regulations bóng đá bet88 enhance the effectiveness of state management tools, develop a transparent, healthy, effective and sustainable market, contribute bóng đá bet88 promoting socio-economic development, and stabilize the macro-economy; and report bóng đá bet88 the Government in June.

PM Chinh asked the SBV bóng đá bet88 be more proactive in information and communication work; promptly provide official, public and transparent information on policies and strategies for managing the financial, monetary, foreign exchange and gold markets; stabilize people's psychology and create social consensus.

The PM assigned the Ministry of Public Security bóng đá bet88 coordinate with the SBV and relevant agencies in inspecting and strictly handle violations relating bóng đá bet88 the gold market and gold trading activities, especially acts of smuggling, speculation, illegal trading, or market manipulation.

The Ministries of Public Security; Industry and Trade; Science and Technology; Finance; Justice; and Culture, Sports and Tourism; relevant agencies and localities must proactively coordinate with the SBV on gold market management; promptly share and provide information, and report issues arising beyond their authority bóng đá bet88 competent authorities.