The Prime Minister has instructed the State Bank of Vietnam to urgently report on the proposal to establish a national gold exchange/trading floor, without further delay.
The Prime Minister instructed the State Bank of Vietnam to promptly finalize a report researching solutions to mobilize and attract foreign currency and gold bars from the public.
The Prime Minister requested the timely implementation of measures to stabilize the gold market if necessary, striving to have the gold exchange operational before February 10th.
The 500 tons of gold held by the public is a huge resource; if it simply sits idle in safes, it will be wasted. Solutions are needed to promote the flow of this capital.
The Prime Minister requested that the research dossier on the establishment of a national gold exchange/brokerage be urgently completed and submitted to the Standing Committee of the Government in January.
The price of SJC gold unexpectedly plummeted by nearly 2 million VND/ounce on the morning of January 22nd, officially ending a series of rapid increases and putting investors in a risky "buying at the peak" situation.
The Prime Minister requested relevant agencies to urgently study and propose the establishment of a national gold exchange, and report to the Standing Committee of the Government before December 20th.
According to the State Bank of Vietnam's leadership, the roadmap for implementing the national gold exchange is divided into three phases, and during the pilot period, international integration will not be implemented.
The Prime Minister has instructed the State Bank of Vietnam and the Ministry of Finance to study the establishment of a gold exchange to allow people to freely trade gold. What benefits would this bring to the volatile capital market?
CFDs are a type of contract that exploits the difference between the value of an asset at the time the contract is opened and the time the contract is closed.
Buying gold online is becoming a popular trend due to the advantages it offers.
On September 3rd (Vietnam time), the world gold price increased by $15, reaching $1.713 per ounce, and the domestic gold price also increased by 100.000 - 150.000 VND per tael.
Four illegal gold, cryptocurrency, and foreign exchange trading platforms named Rforex.com, Yaibroker, Vistaforex, and Exswiss, which copied the interfaces of the aforementioned platforms, have been shut down by the police.
Gold prices today, July 12th, continue their stagnant trend, despite a slight upward movement in the previous few sessions.
A government spokesperson said that all opinions, whether proposing or opposing the establishment of a gold exchange, are for the State Bank of Vietnam to analyze and consider.
Hotline: 0855.911.911 
RSS 
