The Government Office has just issued a document announcing the conclusion of Deputy Prime Minister Le Minh Khai at a meeting on solutions to manage the gold market in the coming time.
Accordingly, the Deputy Prime Minister requested the State Bank of Vietnam (SBV) to urgently review and comprehensively evaluate the results of implementing gold market management solutions in recent times and developments in the domestic and international markets to consider implementing solutions and management tools in a more timely and effective manner according to legal regulations.
From there, stabilize and stabilize the gold market immediately according to the set goals, ensuring effectiveness, efficiency, and closeness to the actual situation of the gold market. Immediately overcome the situation of the high difference between domestic gold bar prices and international gold prices.
"Ensure the gold market operates stably, effectively, healthily, publicly, transparently, and in accordance with legal regulations, and does not gold-ify the economy and affect macroeconomic stability and national financial and monetary security," the Deputy Prime Minister requested.
The Deputy Prime Minister also requested to promptly carry out specialized inspections and examinations of the gold market, the activities of gold production and trading enterprises, stores, agents distributing and trading gold bars, and compliance with regulations related to production and trading activities as prescribed.
"Report the results to the Prime Minister in May 2024, without further delay," the Deputy Prime Minister emphasized.
The Deputy Prime Minister also requested the State Bank to preside over and coordinate with relevant agencies to strengthen state management of the gold market in accordance with legal regulations.
Strictly manage the production and trading of gold bars, promptly rectify and strictly handle violations in the production and trading of gold bars, especially violations of the law, smuggling, illegal importation, profiteering, speculation, manipulation, price hikes, and illegal competition...
"In case of signs of law violations, promptly transfer the case to the Ministry of Public Security and relevant agencies for handling according to regulations," the Deputy Prime Minister emphasized.
Continue to thoroughly review, evaluate and summarize the implementation of Decree No. 24 to research and propose solutions and policies for gold market management that are suitable to practice and in accordance with legal regulations.
There are effective and efficient control and management tools for the gold market and there are strict sanctions for violations of the law on gold trading activities.
Along with that, the Deputy Prime Minister also requested the Ministry of Finance to preside over and coordinate with the State Bank and relevant agencies according to their assigned functions and tasks to urgently implement drastic, synchronous and effective solutions requiring enterprises and gold trading units to strictly implement regulations on electronic invoices in business activities, buying and selling gold each time, resolutely not to delay. The Deputy Prime Minister requested to complete by the second quarter of 2024 at the latest .
Source: https://www.nguoiduatin.vn/pho-thu-tuong-chi-dao-nhnn-khan-truong-thanh-kiem-tra-thi-truong-vang-a663090.html
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