Tomorrow inspect the activities of gold trading enterprises

Permanent Deputy Prime Minister Nguyen Hoa Binh requested the Government Inspectorate to preside over and coordinate with relevant ministries and branches to establish an inspection team on September 9 to inspect credit institutions and enterprises in gold trading activities.

The Government Office has just issued a document conveying the direction of Permanent Deputy Prime Minister Nguyen Hoa Binh on the recent gold market situation.

The dispatch stated that, in the recent gold market situation, implementing the Prime Minister's direction, Permanent Deputy Prime Minister Nguyen Hoa Binh assigned the Government Inspectorate to preside over and coordinate with the Ministry of Industry and Trade, the Ministry of Finance, the Ministry of Public Security and the State Bank of Vietnam to urgently establish an inspection team on September 9 to conduct an inspection of the compliance with policies and laws of credit institutions and enterprises in gold trading activities, anti-money laundering, the creation and use of invoices and documents related to gold trading activities and other related issues.

The Deputy Prime Minister noted that if any signs of law violations are discovered during the inspection process, information and records must be immediately transferred to the police agency; and the inspection results must be reported to the Prime Minister in September.

Photo: Minh Hien

The State Bank of Vietnam urgently, resolutely and drastically takes solutions and measures to improve the efficiency and effectiveness of state management to ensure a safe, healthy, effective and sustainable gold market, absolutely not allowing fluctuations in gold prices to affect the stability and safety of the financial and monetary markets, and macroeconomic stability; periodically report to the Prime Minister and Deputy Prime Minister Nguyen Hoa Binh on developments in the gold market before 11:00 a.m. every Friday.

The Ministry of Public Security, within its authority and responsibility, directs functional forces to preside over and coordinate with the State Bank of Vietnam and relevant agencies to immediately implement professional measures to strictly and promptly handle violations of the law related to the gold market and gold trading activities, especially "uncompromising" handling of smuggling, fraud, tax evasion, speculation, illegal trading, hoarding, and manipulation of the gold market...

During the meeting with the Policy Advisory Council yesterday afternoon, Prime Minister Pham Minh Chinh said the Government has actively directed solutions, requested the State Bank to research and implement immediately, increase supply to balance supply and demand but not to take advantage of the policy; at the same time, there are solutions to prevent investment, hoarding, combat speculation, smuggling, and strengthen inspection and supervision.

Vietnamnet.vn

Source: https://vietnamnet.vn/ngay-mai-thanh-tra-hoat-dong-cua-doanh-nghiep-kinh-doanh-vang-2440375.html