HANOI: Vietnam is accelerating the establishment of a national gold exchange, following a directive from Prime Minister (PM) Pham Minh Chính.
This initiative aims not only to address recent fluctuations in gold prices but also to create a transparent market framework that promotes macroeconomic stability and monetary policy coherence.
The PM’s call for urgent implementation reflects a strong policy commitment to resolving long-standing issues in the gold market, including speculation and manipulation, while gradually channelling public gold reserves into the economy.
In a statement on Jan 24, PM Chính instructed the State Bank of Vietnam (SBV) to complete necessary research and evaluations to report to the government.
The recent amendments to Decree 232/2025/ND-CP have ended the state monopoly over gold production, paving the way for a market-driven approach.
The SBV views the gold exchange as a multi-faceted component that can positively influence macroeconomic stability.
Experts anticipate that the establishment of a national gold exchange will standardise pricing and enhance market transparency. — Viet Nam News/ANN
