.jpg "Each tael of gold reversed and decreased by more than 3 million VND.")
.jpg "Bao Tin Manh Hai listed the highest price of round gold rings in Hai Duong, at 100.5 million VND.")
.jpg "Real estate market in the south of Hai Duong city is bustling")
.jpg "Extremely dangerous forest fire risk in Kinh Mon, Chi Linh")
-ac017d3d3ce25d3405471795d6bb26f0.jpg "Gia Loc needs over 10 billion VND to invest in renovating and expanding landfills.")
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The State Bank has requested a number of ministries and sectors to coordinate management to limit speculation, profiteering, and smuggling of gold across the border.
Implementing the Prime Minister's direction, the State Bank has continuously issued documents requesting the Ministries of Finance, Industry and Trade, and Public Security to coordinate in managing the gold market.
According to the State Bank, recently, international gold prices have fluctuated sharply due to the impact of complicated geopolitical and diplomatic tensions in the world, the world economy is slowly recovering, and the US Federal Reserve's move to change the USD interest rate policy has caused the demand for investment in gold to increase.
Domestically, the price of SJC gold bars increased sharply due to the influence of the increase in international gold prices and people's psychology when seeing the continuous increase in international gold prices.
Faced with this development, the State Bank has actively implemented solutions according to regulations to stabilize the gold market, proactively developing scenarios and plans to respond to fluctuations in gold prices to prepare handling measures.
To have close coordination, the State Bank has sent Official Dispatch No. 345 to the Ministry of Finance regarding coordination in gold market management.
Specifically, the State Bank requested the Ministry of Finance to strengthen guidance, inspection and supervision of compliance with regulations on the issuance and use of invoices and documents in gold trading activities, especially invoices and documents in the purchase and sale of raw gold and gold bars, and strictly handle acts of issuing and using illegal invoices.
Previously, in Official Dispatch No. 333 sent to the General Department of Market Management (Ministry of Industry and Trade), the State Bank requested this agency to strengthen inspection, examination, market supervision, detection, handling and coordination in providing information on violations in gold trading, especially in the buying and selling of raw gold and gold bars.
With the Ministry of Public Security, the State Bank also requested that this agency coordinate to limit the situation where some businesses take advantage of high gold prices to speculate, profit, and smuggle gold across the border, causing market disruption.
HA (synthetic)