Prime Minister: "Gold prices fluctuate, do not hoard goods or manipulate the market"

(Dan Tri) - Considering the fluctuation in gold prices to be very noticeable, Prime Minister Pham Minh Chinh said he has directed relevant agencies to take action to prevent market manipulation, hoarding, and price gouging.

This direction was given by Prime Minister Pham Minh Chinh when speaking at the opening of the regular August Government meeting on the morning of September 6, to discuss many important contents.

According to the program, the meeting focused on discussing the socio -economic situation in August and the first 8 months of 2025, the allocation and disbursement of public investment capital, and the implementation of 3 national target programs.

The direction and administration of the Government and the Prime Minister , the results of the implementation of assigned tasks, administrative procedure reform; key tasks and solutions in September and the fourth quarter of 2025, were also discussed at this meeting.

Overview of the regular Government meeting in August (Photo: Doan Bac).

In his opening speech, Prime Minister Pham Minh Chinh outlined that the world situation continues to develop complicatedly with military conflicts and prolonged political instability in many places; and trade conflicts continue to be tense.

Along with that, fluctuations in gold prices, real estate, and the world financial market all affect the domestic situation, the market, supply chains, and production chains.

In the country, people across the country happily and excitedly celebrated the 80th anniversary of the August Revolution and National Day September 2, demonstrating the spirit of national pride, creativity, patriotism, and following the Party, with a series of large, solemn, and meaningful programs and events, especially the Exhibition "80 Years of the Journey of Independence - Freedom - Happiness" and the parade, march, and many other activities that were successfully organized.

Regarding the socio-economic situation in August and the first 8 months of the year, the Prime Minister assessed the positive trend, with each month better than the previous month, and the first 8 months better than the same period in 2024 in most areas.

Notably, the macro economy is stable, inflation is controlled, growth is promoted, major balances are ensured, cultural and social fields are focused on; social security is guaranteed, and people's lives are improved.

Political and social stability; national defense and security are also consolidated and enhanced; foreign affairs and international integration are promoted.

However, the Prime Minister requested analysis of inflationary pressure, exchange rates, and interest rates that are increasing; domestic consumption, exports, and public investment that tend to slow down.

Meanwhile, operating the two-level local government model still faces difficulties in digital transformation, data connection, and difficulties for lower-level officials. In particular, according to the head of the Government, natural disasters, storms and floods have severely affected people's lives and production and business.

It is clear that we must develop quickly and sustainably and the growth target of 8.3-8.5% this year is a difficult target, but the Prime Minister emphasized that "no matter how difficult it is, we must do it."

According to him, we must continue to promote the high fighting spirit, the spirit of the August Revolution and National Day September 2. Our great advantage is that the people are patriotic, trust the Party and the State and are always very creative, according to the Prime Minister.

Prime Minister Pham Minh Chinh delivered the opening speech at the meeting (Photo: Doan Bac).

The Head of Government directed that it is necessary to continue to renew traditional growth drivers and promote new growth drivers to ensure synchronous and comprehensive development.

He requested ministries and branches to review and reduce administrative procedures, striving to reduce 30% of the time, number and cost of performing administrative procedures. Along with that, intensify the handling of backlogged projects because this is also a solution to unlock resources for development.

The Prime Minister suggested that after the "80-year journey of Independence - Freedom - Happiness" exhibition ends, it is necessary to continue to organize autumn fairs and Tet fairs to introduce and promote goods and products, promote exchanges, link production and business, and promote domestic consumption.

Considering the fluctuation in gold prices to be very noticeable, the Prime Minister said he has directed relevant agencies to take action to prevent market manipulation, hoarding, and price hikes.

At the same time, according to the Government leader, it is necessary to accurately assess the recent developments in the stock market, to determine whether there is price inflation or market manipulation. If the cash flow goes into the production and business sectors, it is very good, according to the Prime Minister.

Government leaders require solutions to respond to external shocks, climate change, natural disasters; and to immediately and strictly handle negative phenomena and violations related to market manipulation, hoarding, price gouging, smuggling, counterfeit goods, and fake goods.

The Prime Minister requested that the Deputy Prime Ministers in charge get involved and relevant agencies must promote a higher sense of responsibility, grasp the situation more thoroughly and firmly in the field of management and responsibility, especially with new developments and emerging issues.

Along with that, according to the Prime Minister, it is necessary to analyze more carefully to propose appropriate tasks and solutions, timely, flexible and effective policy responses, including the gold market, real estate market, stock market...

Source: https://dantri.com.vn/kinh-doanh/thu-tuong-gia-vang-bien-dong-khong-de-gam-hang-thao-tung-thi-truong-20250906101322714.htm