Prime Minister Pham Minh Chinh has just signed Official Dispatch No. 165 on continuing to maintain macroeconomic stability, control inflation, promote growth, ensure major balances, and improve people's lives.
Specifically, the Prime Minister assigned the State Bank (SBV) to tightly manage the foreign exchange and gold markets and be ready to intervene to stabilize the market.
The State Bank must have the necessary solutions and tools to stabilize the gold market and narrow the gap between international and domestic prices. The State Bank also needs to increase inspections to detect and strictly handle violations related to the gold market, especially taking advantage of policies, hoarding, price gouging, smuggling, etc.
Gold bar products of a brand (Photo: Manh Quan).
The Prime Minister noted that the operator needs to soon issue documents guiding the implementation of Decree 232 on the management of gold trading activities for early implementation in practice to develop a stable, transparent, healthy, sustainable gold market, in accordance with market rules.
Previously, at a meeting on monetary policy management, Deputy Prime Minister Ho Duc Phoc requested that the authorities focus on combating gold smuggling. The State Bank of Vietnam was asked to immediately open an electronic information page on prices to make gold prices transparent and to research the establishment of a gold exchange.
The State Bank has coordinated with the People's Committees of provinces and cities, police and tax agencies to conduct surprise inspections of compliance with regulations on gold trading activities, accounting, tax, invoices and documents, and anti-money laundering.
The agency is also about to issue a Circular guiding the implementation of Decree 232 and the licensing documents for importing and producing gold bars. This will ensure that businesses and banks can quickly participate in the gold market.
Regarding monetary policy, in the telegram, the Prime Minister requested the State Bank to proactively operate in harmony with fiscal policy to stabilize the macro-economy and control inflation.
Credit institutions need to continue to reduce costs, lower interest rates, prioritize capital for production, business, social housing... Banking management agencies need to control and strictly handle credit flows into potentially risky areas, handle bad debts, and increase inspection and supervision of unhealthy credit institutions.
This year, the Government sets a growth target of 8.3-8.5%, state budget revenue exceeding the estimate by 25%, thoroughly saving regular expenditures, and at the same time controlling public debt, government debt, and foreign debt.
The head of the Government requested the Ministry of Finance to continue to have solutions to exempt, reduce, and extend taxes, fees, land and water surface rents to promote production and business, creating livelihoods for the people. The Ministry was also assigned to continue to perfect the legal framework to develop the capital and securities markets, creating a channel to mobilize medium and long-term capital for the economy.
In addition, the Prime Minister also requested to promote the real estate market to develop safely, healthily, sustainably, according to market rules. The Ministry of Construction must have timely and effective solutions to increase real estate supply, diversify segments, and diversify products to limit the gap between supply and demand in the structure of real estate products. Strive to complete 100,000 social housing units by 2025 and promptly bring them to the consumer market.
Source: https://dantri.com.vn/kinh-doanh/thu-tuong-yeu-cau-quan-chat-thi-truong-vang-ngoai-hoi-20250916234749863.htm
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