Urgently issue legal documents and strengthen gold market management.

On the afternoon of September 6, in Hanoi, the Government Office held a regular press conference chaired by Minister and Head of the Government Office Tran Van Son. At the press conference, leaders of ministries and branches answered questions from journalists regarding many issues of great concern to public opinion.

Scene of the regular Government press conference in August.

Regarding the issue of strengthening management of gold trading activities, Deputy Governor of the State Bank of Vietnam Pham Thanh Ha said that Decree 232/2025/ND-CP amending and supplementing Decree 24/2012/ND-CP on management of gold trading activities was issued by the Government on August 26, 2025.

According to the provisions of Decree 232 as well as Decree 24, the State Bank grants licenses to enterprises and commercial banks to carry out activities of producing gold bars; trading in gold bars; producing gold jewelry and fine arts. The establishment of enterprises is carried out in accordance with the provisions of the Investment Law, the Enterprise Law and related regulations.

Minister and Head of the Government Office Tran Van Son speaks at the press conference.

Regarding the licensing of gold bar production, Clause 7, Article 1 of Decree 232 stipulates specific conditions for enterprises and commercial banks to be considered for granting a License to produce gold bars. The Governor of the State Bank of Vietnam shall prescribe the dossier and procedures for granting this License. Decree 232 takes effect from October 10, 2025.

Currently, the State Bank is urgently completing documents guiding the implementation of Decree 232 in accordance with the order and procedures prescribed by the Law on Promulgation of Legal Documents, ensuring that the effective date of these documents is consistent with the effective date of Decree 232.

The guidance documents will be designed to ensure publicity, transparency, cost reduction, time and resource savings for businesses in accordance with the Party and Government's policies and directions on solutions to support businesses, as well as improve the business environment and enhance national competitiveness.

Deputy Governor of the State Bank of Vietnam Pham Thanh Ha answers questions from journalists.

In addition, the State Bank will closely coordinate with the Ministry of Public Security, the Government Inspectorate and relevant agencies to immediately implement the Prime Minister's direction on gold market management, ensuring compliance and strict implementation of legal regulations.

Regarding the implementation of monetary policy in recent times, Deputy Governor of the State Bank Pham Thanh Ha also said that since the beginning of 2025, the global economy has continued to face many risks and uncertainties, stemming from tariff policies, geopolitical tensions and unpredictable monetary policy roadmaps of major central banks. Domestically, production and business activities of enterprises continue to face many difficulties, consumption and export are affected by the complex and unpredictable developments of the global economy as well as the international financial market.

In that context, the Government has set a target of 8.3-8.5% economic growth by 2025 to lay the foundation for double-digit growth in the following years. The State Bank is deeply aware that this is an extremely important political task, requiring decisive participation.

Accordingly, the State Bank has proactively and promptly implemented synchronous management solutions to promote economic growth in association with maintaining macroeconomic stability, controlling inflation, and ensuring major balances of the economy. As a result, up to now, the liquidity of the credit institution system has been guaranteed, the monetary market has been stable, and exchange rates have moved flexibly in accordance with market conditions.

Specifically: The lending interest rate continues to decrease, by the end of August 2025, the average lending interest rate will decrease by about 0.6% compared to the end of 2024. The foreign exchange market will be liquid, legitimate foreign currency needs will be fully and promptly met, by the end of August 2025, the average interbank exchange rate will increase by 3.45% compared to the end of the previous year. Regarding credit growth, it will be positive compared to recent years. By August 29, 2025, the total outstanding credit balance of the whole economy will reach 17.46 million billion VND, an increase of 11.82% compared to the end of 2024.

Credit programs and policies under the direction of the Government and the Prime Minister continue to be implemented vigorously and effectively by credit institutions, thereby providing timely capital for the economy. The results achieved in the management of monetary policy have contributed significantly to controlling inflation in line with the set targets.

In the coming time, the global economic outlook is forecast to continue to face many difficulties, challenges and increasing risks, requiring policy management to closely follow the situation for proactive, flexible and effective implementation. Accordingly, based on the socio-economic development orientation of the Party, National Assembly and Government, the State Bank will focus on the following key groups of solutions:

Firstly, flexibly and synchronously manage monetary policy tools and solutions at appropriate times and doses, harmonizing exchange rates and interest rates, creating favorable conditions for production and business, thereby promoting growth, ensuring macroeconomic stability and controlling inflation according to targets.

Second, continue to flexibly manage exchange rates, closely follow market developments, and be ready to intervene in the market when necessary to ensure stability in the foreign exchange market.

Third, direct credit institutions to continue making efforts to reduce operating costs and promote digital transformation, thereby striving to reduce lending interest rates, contributing to supporting businesses and people.

Fourth, credit management must be consistent with macroeconomic developments and capital absorption capacity to promptly supply capital to the economy.

Fifth, continue to closely coordinate with ministries and branches to promptly remove difficulties in implementing credit policies, creating favorable conditions for businesses and people to access bank credit capital.

During the operation process, the State Bank will closely monitor domestic and international economic developments to promptly and flexibly operate monetary policy in accordance with practical requirements.

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan answered questions from journalists at the press conference.

Regarding the recent export issue, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said that in August, the total import-export turnover of our country reached 83.06 billion USD, an increase of 16% over the same period last year and in the first 8 months, the total import-export turnover of our country was 597.93 billion USD, an increase of 16.3% over the same period. Of which, exports increased by 14.8%, imports increased by 17.9% and the trade balance of goods surplus was estimated at 12.9%.

Import-export turnover increased sharply in two main groups of goods: agricultural and aquatic products and the processing industry. Specifically, some items related to agricultural and aquatic products such as coffee, our country exported 1.4 million tons, worth 6.5 billion USD, up 7.8% in volume and 61.1% in price. Pepper is estimated at about 166,000 tons, worth 1.1 billion USD, down 9.8% in volume but up 26.9% in price. Our country's pepper exports reached 3.3 billion USD, up 17.9%. Seafood exports are estimated at 7.16 billion USD, up 13.5%. We see that the quantity of some items may have decreased but the value has increased.

Regarding some industrial products, for example, computers, electronic products and components are estimated at 66.9 billion USD, up 43.1%; plastic toys, sports equipment and parts are estimated at about 5.5 billion USD, up 121.8%; machinery, equipment, tools and spare parts are estimated at 37.4 billion USD, up 13.8%. Thus, in this field, there are products that have increased very high and are all in the billion-dollar group.

Many key products also continued to grow, for example, textiles and garments, estimated at 26.5 billion USD, up 8.5%; footwear estimated at 16.1 billion USD, up 7.2%. Means of transport and spare parts estimated at 11.4 billion USD, up 12.7%. Items such as wood and wood products estimated at about 11.1 billion USD, up 6.5%. Key products have had very good growth.

"Thus, it can be said that the export increase is at a high level of 14.8%, showing that we are achieving the goals of the set plan," Deputy Minister Nguyen Sinh Nhat Tan assessed.

Deputy Minister Nguyen Sinh Nhat Tan commented: "In the coming time, the situation will still be complicated and difficult, but we see that the indicators of domestic production, industrial development, consumption, and export still maintain growth momentum. We hope that in the coming time, we will continue to maintain this growth momentum."

To achieve the target of average export growth of 12% per year, a high target, according to Deputy Minister Nguyen Sinh Nhat Tan, it is estimated that the average monthly export must reach 37.9 billion USD. Currently, Vietnam is achieving an average higher than 37.9 billion USD. Experience shows that the production, circulation and export processes are more favorable in the last months of the year.

Regarding solutions, Deputy Minister Nguyen Sinh Nhat Tan said that since the beginning of the year, the Central Government has proposed many solutions; up to now, every month and every quarter, relevant enterprises, organizations and individuals have organized and implemented many synchronous and rhythmic solutions.

In the coming time, the Ministry of Industry and Trade will continue to promote and support businesses and industry associations to effectively exploit markets, seek new markets, especially exploit emerging potential markets.

In addition, the Ministry of Industry and Trade continues to innovate, improve the effectiveness of supporting businesses, promote the role of Vietnamese agencies and units abroad and Vietnamese diplomatic representative agencies in other countries. Activities related to diplomatic agencies are tasked with supporting export markets, along with promoting export markets. Enterprises are also very proactive and active in participating in effective coordination. We will continue to diversify forms of trade promotion, including import promotion activities to diversify raw material sources. Strengthen early warning of risks, accompany businesses when lawsuits arise domestically and abroad. Support businesses to overcome new trade barriers in export markets. At the same time, negotiate with countries to eliminate non-tariff barriers.

"The Ministry of Industry and Trade believes that in the coming time, import-export activities will continue to grow, achieving the set target, contributing to 8% growth and creating the premise for double-digit growth in the following years," Deputy Minister Nguyen Sinh Nhat Tan emphasized.

nhandan.vn

Source: https://baolaocai.vn/khan-truong-ban-hanh-cac-van-ban-phap-luat-tang-cuong-quan-ly-thi-truong-vang-post881474.html