越南“双管齐下”稳金价：开设线上交易所，允许私人进口

Core Viewpoint - Vietnam plans to establish an online gold trading platform and allow gold imports for the first time in a decade, aiming to stabilize rapidly rising domestic gold prices and stimulate economic growth [1][2]. Group 1: Policy Background - Vietnam is focused on maintaining macroeconomic stability as one of Southeast Asia's fastest-growing economies, with concerns about rapid credit expansion potentially leading to asset price bubbles [2]. - Gold is a popular investment choice in Vietnam, viewed as a wealth preservation tool, making the stabilization of domestic gold prices a key objective for the central bank [2]. - Domestic gold prices have surged by 60% this year, remaining approximately 23% higher than international market prices as of Thursday [2]. Group 2: Potential Trade-offs - Expanding gold imports may help cool domestic gold prices and reduce the price gap with international markets, but it could also exert pressure on the exchange rate [3]. - Increased gold imports will require the use of US dollars, leading to greater outflows of the currency [3]. - The recent decree from the central bank will end its monopoly on gold bar production, aiming to enhance supply channels and market competitiveness [3]. Group 3: Regulatory Measures - The central bank will strengthen oversight of gold trading companies to prevent money laundering, speculation, smuggling, and illegal trading activities [4]. - Legal actions have been initiated against the former CEO of Saigon Jewellery, a contractor for gold bar production, for corruption and abuse of power [4].