The Prime Minister has new instructions related to the gold market.

(Dan Tri) - Regarding gold market management, Prime Minister Pham Minh Chinh has requested the State Bank to research and immediately implement measures to increase supply to balance supply and demand and have solutions to prevent investment, hoarding, and speculation.

On September 7, Prime Minister Pham Minh Chinh chaired a meeting with the Policy Advisory Council to listen to comments on responding to current challenges in the region and the world, and implementing socio-economic development tasks and goals.

Members of the Policy Advisory Council discussed and analyzed the situation, made comments and proposed solutions, especially to maintain macroeconomic stability, stimulate consumption and operate the two-level local government effectively, efficiently and effectively.

Regarding the macro economy, members of the Policy Advisory Council commented that the macro economy is currently basically stable, in which credit growth is basically consistent with economic growth rate, capital flows are still basically focused on production and business sectors, and the public debt/GDP ratio is within the safe threshold...

This year, new growth drivers and growth quality are promoted thanks to the combined impact of institutional reform, anti-waste, improving the business environment, increasing spending on research and development (R&D), accelerating green-digital dual transformation, breakthroughs in science and technology development, innovation...

Vietnam is targeting GDP growth of about 8.3-8.5% in 2025 and double digits in the period 2026-2030. Compared to some economies in the miraculous development period such as Japan, South Korea, China, Taiwan (China), the expected growth and inflation of Vietnam in the coming period are appropriate.

However, some areas such as exchange rates, gold prices, stocks, and real estate require greater attention. The Council recommends firmly pursuing growth targets coupled with risk control, safety, inclusiveness, and sustainability, with utmost attention paid to growth quality and macroeconomic stability...

After listening to the opinions of the Council members, concluding the meeting, Prime Minister Pham Minh Chinh said that the most important aspect of management experience is to always maintain a strong will, not to panic or be afraid, and absolutely not to be negligent, subjective, or lose vigilance in any situation, "in favorable times, we must think about difficult times, in peaceful times, we must think about the possibility of storms", the more pressure, the more effort.

Regarding gold market management, the Prime Minister agreed with a number of solutions and proposals of the Council and said that 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 policies; have solutions to prevent investment, hoarding, combat speculation, smuggling, and strengthen inspection and supervision.

Prime Minister Pham Minh Chinh works with the Policy Advisory Council (Photo: VGP).

Regarding the impact of the US tariff policy, the Prime Minister agreed with the Council's proposal on the need to continue diversifying markets, products, and supply chains with other regions and markets. It is necessary to restructure export markets in accordance with the situation; improve product quality towards greening, digitalization, and circular economy in import and export...

Regarding real estate, the head of the Government believes that this is a driving force for growth, however, there are currently some signs that are not as expected. For the real estate market to develop sustainably, it is necessary to continue to have comprehensive solutions on supply and demand, finance, land, etc.

In addition, it is necessary to actively handle legal issues, continue to develop preferential policies, reduce administrative procedures, promote the supply of social housing; contribute to the clearance of high-end real estate, and control real estate inventory.

Regarding solutions for high and sustainable growth, the Prime Minister assessed this as an extremely important issue. Accordingly, it is necessary to continue to expand appropriate fiscal policies, monetary policies must be proactive, flexible, appropriate, effective, and closely follow reality to operate...

Regarding the exchange rate issue, the Government leader emphasized the need to stabilize the interest rate of the Vietnamese currency; increase the export of goods to maintain a trade surplus; and enhance the export of logistics and tourism services.

In addition, Prime Minister Pham Minh Chinh also emphasized many other important tasks such as continuing to stabilize the macro-economy; proactively, flexibly, promptly and effectively responding to policies; and actively resolving backlogged and prolonged projects.

Source: https://dantri.com.vn/kinh-doanh/thu-tuong-co-chi-dao-moi-lien-quan-den-thi-truong-vang-20250907224147195.htm