The government and the Prime Minister aim to launch a gold exchange before February 10th, while also piloting a cryptocurrency exchange, establishing a state-managed real estate and land use rights trading center, in order to enhance transparency and stability in key markets.
The government has requested that the gold exchange be operational before the 102nd.
This information was announced by Minister and Head of the Government Office Tran Van Son – the Government Spokesperson – at the regular government press conference in January, held on the afternoon of February 4th, according to the Government Newspaper.
According to Mr. Tran Van Son, one of the key tasks in the coming period is to continue maintaining macroeconomic stability, controlling inflation, promoting growth, and ensuring the major balances of the economy. The Government and the Prime Minister will direct the flexible management of monetary policy, controlling interest rates, exchange rates, and the foreign exchange market appropriately, thereby ensuring the value of the Vietnamese dong.
Furthermore, credit will be directed towards production and business sectors, priority areas, growth drivers, and social housing, while strictly controlling credit quality in areas with potential risks. The government also aims to increase state budget revenue in 2026 by at least 10% compared to 2025, alongside strengthening the management and development of the stock market and corporate bond market in a stable, safe, and efficient manner.
Notably, the government will closely monitor developments in the gold market and is ready to implement stabilization measures when necessary. “We strive to put the gold exchange into operation before February 10th; at the same time, we will pilot a cryptocurrency exchange, a real estate and land use rights trading center, ensuring safety, soundness, openness, and transparency,” Mr. Tran Van Son emphasized.
Minister and Head of the Government Office Tran Van Son, the Government Spokesperson, chaired the regular Government press conference in January. (Photo: VGP).
Earlier, at the second meeting of the Government's Steering Committee on macroeconomic management and administration held on the morning of January 26, Prime Minister Pham Minh Chinh requested that ministries and agencies urgently launch a gold exchange, pilot a cryptocurrency exchange, and establish a real estate and land use rights trading center under state management within February.
Directly related to the gold exchange, in Official Dispatch No. 06 issued on January 24th, the Prime Minister directed the State Bank of Vietnam to urgently complete the research, evaluation, and XEM of proposals for establishing a national gold exchange or trading floor.
Amidst intensified regulatory directives, the domestic gold market continues to experience heated developments. In the afternoon session of February 4th, the price of SJC gold bars surged across major businesses such as SJC, DOJI, PNJ, Bao Tin Minh Chau, and Phu Quy. Both buying and selling prices increased by 5.2 million VND/ounce, bringing the selling price to 180.2 million VND/ounce, returning to a record high.
The price of plain gold rings also increased across the board, fluctuating around 179.7 - 180.2 million VND/ounce at many major brands. The 24K and 18K gold jewelry segments recorded a strong increase following the general market trend, with some businesses adjusting prices upwards by nearly 7 million VND/ounce for 24K gold jewelry.
The early operation of a gold exchange is expected to contribute to increased transparency, curb speculation, and support the management of the gold market amidst continuous and volatile price fluctuations.
