State Bank of Vietnam requests ministries to coordinate in managing the gold market

Accordingly, implementing the direction of the Government and the Prime Minister in the Resolutions of the regular Government meetings, Directives and Official Dispatches on strengthening measures to manage the gold market; in which, assigning the State Bank of Vietnam to preside over and coordinate with agencies and localities to synchronously deploy solutions to ensure macroeconomic stability, curb inflation, proactively grasp the situation to propose and deploy measures to effectively manage the foreign exchange and gold markets, the State Bank of Vietnam requests the Ministries to coordinate in implementing the contents.

Specifically, the State Bank of Vietnam requires the above 3 Ministries to coordinate with the State Bank of Vietnam and relevant authorities to strengthen market management; promptly implement measures according to regulations to strictly handle violations of the law in foreign exchange and gold trading and service provision activities. Especially activities related to foreign currency exchange; receiving and paying foreign currency; one-way money transfer from Vietnam to foreign countries and payment for current transactions not in accordance with regulations; buying and selling gold bars by stores without a business license to buy and sell gold bars.

Require organizations that buy and sell gold, especially those that buy and sell gold bars, to strictly apply electronic invoices in gold buying and selling transactions to increase transparency, improve the effectiveness of supervision and management, and ensure the safe and effective operation of the gold market.

Coordinate in providing information on cases of smuggling and illegal transportation of foreign currency and gold across the border so that the State Bank of Vietnam can promptly deploy effective plans to manage the foreign exchange and gold markets.

According to nhandan.vn

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