Deputy Prime Minister Ho Duc Phoc called for effective coordination between monetary and fiscal measures to ensure macro-economic stability for sustainable development while chairing a meeting on September 16 with the State Bank of Vietnam (SBV) to review monetary policy and gold market management.

The State Bank of Vietnam (SBV) on May 17 issued a decision to inspect the compliance with policies and laws in gold trading activities of credit institutions and gold trading enterprises.

Deputy Prime Minister Le Minh Khai requested relevant ministries and sectors assign officials to join a delegation for inspecting the gold market and gold trading activities, during a meeting discussing gold market management measures on May 14 in Hanoi.

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to keep a close watch on international and domestic gold prices, and put in place measures and tools in a timely and effective way to regulate the gold market in line with regulations.

The Government has directed the State Bank of Vietnam (SBV) to urgently inspect and supervise to stabilise the domestic gold market.