Government requests study and proposal on establishing a gold exchange

According to the Annex on assigned tasks attached to Resolution No. 366/NQ-CP, in Section 3(b), the Government assigns the State Bank of Vietnam to:
“Strengthen inspection and examination, strictly and definitively handle violations in gold trading activities; study and propose the establishment of a gold exchange.”

This is a specific task requiring the central monetary authority to assess current market conditions, compile practical experience, and propose an appropriate model for submission to competent authorities for consideration.

The task is assigned in the context of the Government’s request to:

• Closely monitor developments in the gold market, exchange rates, and monetary conditions;

• Proactively respond to market fluctuations;

• Strengthen the inspection and examination of gold trading activities.

Assigning the State Bank of Vietnam to study and propose the establishment of a gold exchange is part of the set of measures aimed at reinforcing market discipline, limiting violations, and contributing to macroeconomic stability.

The Resolution also requires the State Bank of Vietnam to:

• Closely monitor developments in the gold market;

• Strictly control gold trading activities;

• Study and propose a model for the gold exchange.