During the morning working session of November 11, as part of the 8th session of the 15th National Assembly (NA), State Bank Governor Nguyen Thi Hong answered questions related to market management gold.
Hanoi (VNA) – During the morning working session of November 11, within the framework of the 8th session of the 15th National Assembly (NA), State Bank Governor Nguyen Thi Hong answered related questions to the management of the gold market.
According to her, the fluctuations of the gold market in Vietnam correspond to those of the global market. The State Bank has given advice to the government to promulgate Decree No. 24 and to implement drastic measures from June 2024 to stabilize the gold market.
To narrow the gap between domestic and global gold prices, the State Bank shifted to direct sales through four state-owned commercial banks and the Saigon Jewelry Company (SJC).
The State Bank will continue to closely monitor developments and propose appropriate measures to stabilize the gold market, Governor Nguyen Thi Hong said.
To establish a gold trading floor, the State Bank should coordinate with ministries and branches to assess the impact and give proposals at an appropriate time, she added. -VNA
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