Measures to stabilize gold market
Prime Minister Nguyen Tan Dung’s Decision 16/2013/QD-TTg states that the Central Bank Governor will be in charge of deciding when it is necessary to intervene in the local market to protect gold owners and consumers.
It was a proper step to help ensure the stable market in the long run and narrow the domestic and global market price gap by putting forward measures in line with the resolution made by the National Assembly and the Government.
Over the year, the Central Bank has conducted many synchronous measures to adjust the domestic gold market, such as establishing a gold bullion buying network and allowing commercial banks to temporarily import and re-export gold bars or import gold bars to cast a national gold brand.
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