The proposed trading floor is a coordinated policy step to complete market infrastructure and regulations, aiming to unlock gold reserves held by Vietnamese households, enhance transaction transparency, and strengthen the State’s management of the market.
The draft Law on Personal Income Tax proposes a 0.1% tax rate on bullion transfers. Transactions of raw gold and jewelry would remain exempt.
Vietnam's bank credit by September 29 this year increased by 13.37% compared to the end of 2024. The credit structure in the first nine months of this year continued to focus on the production and business sector, especially priority sectors and economic growth drivers according to the Government's policy.
The State Bank of Vietnam must launch an official gold price information portal, study the establishment of gold exchanges, and issue guiding documents to implement the Government’s decree on the management of gold trading activities.
The Ministry of Public Security, within its authority and responsibility, will direct relevant forces to work with the central bank and related agencies, to immediately implement professional measures to strictly and promptly handle violations of the law related to the gold market and gold trading activities.
The talks between President Luong Cuong and his Lithuanian counterpart Gitanas Nauseda, the NA's adoption of a resolution on the reorganisation of provincial-level administrative units, and Vietnam listed as one of the few countries with a high level of food self-sufficiency are among news highlights on June 12.
Eligible banks and enterprises will be licensed to import raw gold and produce bullion — a function that, until now, has been exclusively assigned to a single entity.
Legislators said adjustments to the gold bullion market policy should be implemented years ago, rather than delayed until now, in order to narrow the gap between domestic and global gold prices and to better control gold bullion smuggling across borders, which remains challenging.
However, along with pending internal shortcomings, the unusual and unprecedented developments in the world geopolitical situation since the beginning of 2025 have pushed international gold prices to continuously increase, resulting in strong fluctuations in domestic gold prices, and the growing gap between domestic and world gold prices.
The State Bank of Vietnam (SBV) is working closely with ministries and local authorities to implement comprehensive strategies to address significant price disparities and stabilise the gold market.
Demand for gold in Thailand is on the rise despite the global trends of record high prices, according to the latest report released by the World Gold Council (WGC) on August 13.
Generation of e-invoices for all gold transaction will ensure transparency for the gold market, which has gone volatile over the past time, according to experts.
Prime Minister Pham Minh Chinh chaired a meeting in Hanoi on May 16 with ministries and agencies to discuss the coordination of fiscal and monetary policies aimed at maintaining macroeconomic stability, controlling inflation and promoting growth.
The State Bank of Vietnam (SBV) said that it has directed its branches in provinces and cities to closely monitor the developments of the local gold market, and at gold trading locations, and report to the central bank any case where people queue to buy gold.
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.
Permanent Vice Chairman of the National Assembly (NA) Tran Thanh Man on May 13 voiced concern over skyrocketing gold prices, asking the Government to quickly review market management measures to narrow the wide gap between domestic and global prices.
The Government has requested an immediate inspection over gold bullion trading in an attempt to stabilise the domestic gold market that has witnessed a sudden price rise in recent days.
