Therefore, the State Bank of Vietnam sent an urgent dispatch signed by Deputy Governor Pham Quang Dung requesting the Ministry of Public Security to direct relevant units to promptly coordinate to verify and strictly handle acts of spreading false information and speculation. , profiteering, market manipulation.
A bank employee (white shirt) tries to maintain order at a bank’s gold selling point. Photo: Tuan Nguyen.
The State Bank also requested the Ministry of Public Security to direct local police to coordinate to ensure security at gold selling locations of state-owned commercial banks and SJC Company; Limit the situation where subjects with bad intentions hire people to line up to buy and collect gold, causing disorder and peace.
Previously, on June 5, 2024, the SBV sent official dispatch No. 4695/NHNN-QLNH to the Ministry of Public Security, the Ministry of Finance, and the Ministry of Industry and Trade to coordinate in strictly handling violations of the law in operations. trading and providing services in foreign exchange and gold. Especially foreign currency exchange activities; receive and pay foreign currency; One-way money transfer from Vietnam to foreign countries and money transfer payments for current transactions not in accordance with regulations; gold bar trading activities of stores without a gold bar trading license.
The State Bank also requires organizations doing business in buying and selling gold, especially in the business of buying and selling gold bars, to strictly apply electronic invoices in gold buying and selling transactions to enhance transparency and improve quality. Effectively monitor, operate, and ensure the gold market operates safely and effectively.
“Coordinate to provide information on incidents and cases of smuggling and illegal transportation of foreign currency and gold across borders so that the State Bank of Vietnam can promptly deploy an effective plan to manage the foreign exchange and gold market”, the State Bank of Vietnam suggestion.