Vietnam studies the possibility of creating a gold exchange

Governor of the State Bank of Vietnam, Nguyen Thi Hong, highlighted the importance of an in-depth preliminary analysis for the establishment of a gold exchange in Vietnam, during a session of questions to the government of the 8th session of the 15th legislature of the National Assembly, on November 11.

Hanoi (VNA) – Governor of the State Bank of Vietnam, Nguyen Thi Hong, highlighted the importance of prior in-depth analysis for the establishment of a gold exchange in Vietnam, during a question session to the government of the 8th session of the 15th legislature of the National Assembly, on November 11.

She noted that while some nations, such as China with its large Shanghai gold exchange, have established efficient gold trading platforms, other countries in the region have decided not to. TO DO.

Nguyen Thi Hong stressed that while a gold exchange could potentially increase market transparency and facilitate access for individuals and businesses, Vietnam’s status as a gold importer requires careful consideration. regarding infrastructure investments.

The governor identified several persistent challenges in the gold market, including a consistent price gap between domestic and international markets, market instability influenced by psychological factors and buyers’ expectations as well as potential risks to the markets. monetary and exchange rates.

According to her, while continuing to evaluate sound interventions to stabilize the market and achieve monetary policy objectives, the State Bank will collaborate with relevant ministries and sectors to strengthen market surveillance and improve state management. The objective is to guarantee economic and financial security, national monetary stability, as well as social order.

It asked relevant credit institutions and licensed companies to strictly comply with legal regulations on gold trading activities. She also stressed the importance of close collaboration with the media and relevant agencies to disseminate accurate information on market management policies and regulations, aiming to stabilize public opinion and foster social consensus. -VNA