PM demands strengthened gold market management
The move is to ensure that the market operates in a stable, healthy, transparent, and efficient manner, and prevent the "goldisation" phenomenon in the national economy, the leader said while chairing a recent meeting on solutions to manage the gold market in the coming time, the Government Office said in a notice.
Illustrative image (Photo: VNA) |
Chinh emphasised the need to put the interests of the nation and its people above all in market management; and to encourage the production and export of jewelry gold products to create jobs for labourers.
He urged the implementation of measures and tools to manage and regulate the supply for both gold bullion and gold jewelry production, in order to ensure that market activities and transactions are managed and controlled tightly without affecting the exchange rate or foreign exchange reserves, and to prevent speculation, manipulation, or price hikes.
The PM also underlined the need to speed up the IT application and digital transformation in the management work, noting the compulsory issuing of e-invoices for gold transactions isto improve transparency.
The SBV, the Ministry of Public Security, the Ministry of Industry and Trade, the Government Inspectorate, and other relevant agencies were asked to continue to seriously perform their tasks of monitoring, inspecting, supervising, and dealing with law violations such as cross-border gold smuggling, profiteering, speculation, manipulation, and taking advantage of policy loopholes to hoard gold and drive up prices, causing instability and jeopardising the safety of the gold market.
See also
HCM City's real estate market witnesses recovery
11:20 | 15/10/2024 Domestic market
Vietnam looks for ways to spark domestic consumer demand
16:11 | 22/09/2024 Domestic market
Removing bottlenecks for domestic petroleum market
14:31 | 19/09/2024 Domestic market
City Sale to bring together 500 domestic and global brands with big discounts
15:17 | 03/09/2024 Domestic market
Used car market sees robust recovery: report
16:13 | 02/08/2024 Domestic market
Vietnam’s e-commerce market size to hit US$30 billion this year
09:34 | 30/07/2024 Domestic market
See more news
Domestic enterprises make imprints on real estate M&A market
11:26 | 03/07/2024 Domestic market
E-commerce industry on road to meeting US$35 billion revenue target in 2025
16:48 | 11/06/2024 Domestic market
Real estate market picking up
14:43 | 10/06/2024 Domestic market
Flying could become cheap again as authorities vow to reduce taxes
07:00 | 21/05/2024 Domestic market
Real estate market in the South picking up
06:00 | 10/05/2024 Domestic market
Cooperatives seek to expand sales to e-commerce
10:55 | 22/04/2024 Domestic market
Real estate market has positive performances in Q1: VARS
10:07 | 17/04/2024 Domestic market
Domestic coffee prices at record high
06:00 | 16/03/2024 Domestic market
Difficulties in sales of OCOP products
06:05 | 10/03/2024 Domestic market
Vietnamese stock market rapidly advancing towards global standards: Prime Minister
09:20 | 29/02/2024 Domestic market
Vietnamese, Peruvian Presidents seek measures to deepen relations
10:36 | 14/11/2024 Cooperation
Vietnam, Peru issue joint declaration
10:31 | 14/11/2024 Cooperation
Vietnamese, Peruvian Presidents hold talks in Lima
10:25 | 14/11/2024 News and Events
Vietnam, India enhance comprehensive strategic partnership
09:08 | 14/11/2024 Cooperation
NA Vice Chairman hosts California State Treasurer
09:04 | 14/11/2024 Cooperation
Multimedia
Vietnam actively contributes to APEC
08:59 | 14/11/2024 Infographic
Vietnam’s national brand value reaches 507 billion USD in 2024
17:06 | 11/11/2024 Infographic
Vietnam-Chile Comprehensive Partnership
09:51 | 10/11/2024 Infographic
Vietnam manufacturing returns to expansion
13:31 | 09/11/2024 Infographic
Vietnam's key contributions to ACMECS
11:02 | 07/11/2024 Infographic
PM urged parliament to pass legislation to ensure sufficient electricity, restart nuclear projects
09:47 | 13/11/2024 Policy
New policy drafted to help non-bank credit institutions develop further
17:13 | 12/11/2024 Policy
Việt Nam to stiffen regulations on violating social network platforms
16:23 | 12/11/2024 Policy
Party leader of Việt Nam holds phone talks with President-elect of US
08:55 | 12/11/2024 Policy
Construction material industry's revenue to reach 47 billion USD
11:40 | 13/11/2024 Industry
Footwear industry eyes UKVFTA to bolster exports
10:00 | 11/11/2024 Industry
North-South express railway – driving force to spawn new support industries
17:09 | 08/11/2024 Support industries
Automotive support industry strives to become spare part supplier
09:34 | 08/11/2024 Support industries
Bac Giang prioritises high-tech FDI projects, services industry
17:04 | 12/11/2024 FDI
Vietnam draws new wave of high-value investments: Savills
19:30 | 10/11/2024 Investment
Hanoi attracts 1.6 billion USD in FDI in ten months
15:18 | 07/11/2024 Investment
Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion
16:16 | 04/11/2024 Investment
UK stands ready to help Vietnam build international financial hub
17:13 | 13/11/2024 Finance-Banking
S&P affirms Techcombank’s BB- rating
10:10 | 11/11/2024 Finance-Banking
Tax sector fulfils nearly 95% of state budget collection target
15:38 | 09/11/2024 Finance-Banking
Việt Nam's stock market moves closer to emerging market status amid key policy changes
18:05 | 06/11/2024 Stock Market
Vietnam looks towards Net Zero goal in agriculture
17:25 | 12/11/2024 Environment
Holistic approach needed to improve glass recycling
11:31 | 12/11/2024 Environment
Storm Toraji intensifies and moves northwest in East Sea
08:58 | 12/11/2024 Environment
Typhoon Yinxing weakens as it moves southwest
10:04 | 11/11/2024 Environment
4G mobile network coverage reaches 99% of Vietnamese population: Minister
16:51 | 13/11/2024 Science - Technology
Quang Ninh to host 3rd Vietnam Int'l Digital Week next week
17:11 | 12/11/2024 Science - Technology
Việt Nam's new fast track policies to boost high-tech investment environment set for approval
09:33 | 09/11/2024 Science - Technology
Practical innovations
09:15 | 06/11/2024 Science - Technology
Vietnamese universities strive to attract international students
11:43 | 13/11/2024 Society
Social network users must authenticate accounts from December 25
17:10 | 12/11/2024 Society
Long Thanh Airport’s runways expected to be completed three months ahead of schedule
15:57 | 12/11/2024 Society
Specific policies proposed for North-South high-speed railway project
11:38 | 12/11/2024 Society
Hà Nội to host large-scale international fair for key industrial products in 2025
16:54 | 12/11/2024 Vietnamese Brands
Agriculture, craft village festival to be held in Hà Nội
16:49 | 12/11/2024 Vietnamese Brands
Vietnamese Goods Week brings vibrant showcase to Thai province
10:16 | 08/11/2024 Vietnamese Brands
Sóc Trăng’s ST25 fragrant rice awarded 5-star OCOP rating
11:05 | 07/11/2024 Vietnamese Brands
Kiên Giang to host Khmer cultural festival
16:45 | 13/11/2024 Culture
Two Vietnamese artists nominated for Grammy Awards
17:02 | 12/11/2024 Culture
Great Solidarity of Ethnic Groups Week to take place next week
09:55 | 08/11/2024 Culture
Famous musical star Philip Quast to perform and share experiences in Hà Nội
09:40 | 06/11/2024 Culture
2025 Nha Trang – Khanh Hoa Sea Festival to spotlight cultural heritage space
17:04 | 13/11/2024 Tourism
Việt Nam to welcome more international cruise ship tourists
16:36 | 13/11/2024 Tourism
Bình Thuận tourism aims for green, sustainable development
17:06 | 12/11/2024 Tourism
Tuyen Quang Province promotes tourism in ethnic minority, mountainous areas
17:15 | 11/11/2024 Tourism