In a recent Directive from Prime Minister Pham Minh Chinh, the State Bank of Vietnam was asked to closely monitor the gold market and synchronously implement solutions to manage gold trading activities.

Prime Minister Pham
Minh Chinh has requested the State Bank of Vietnam (SBV) to soon establish a
national gold exchange or trading floor, according to a report from the
Government News.

In Prime Ministerial  Directive  06/CT-TTg, dated February 23, 2026,  the SBV was asked to closely monitor the gold
market and synchronously implement solutions to manage gold trading activities.

The SBV was assigned to work with relevant agencies and
localities to effectively monitor monetary policy, fiscal policy and other
macroeconomic policies, while steadfastly maintaining the 2026 average
inflation target of around 4.5 per cent.

The SBV was tasked to direct credit institutions to ensure
safe and effective credit growth, channeling credit into production and
business activities, priority sectors, and key economic growth drivers.

The central bank needs to take measures to control and
resolve bad debts, improve credit quality, limit the emergence of new bad
debts, and ensure the safe and stable operation of the credit institution system,
according to the Directive from the Prime Minister.

According to SBV Deputy Governor Pham Tien Dung, the
proposed gold trading floor is a coordinated policy step to complete market
infrastructure and regulations as directed by the Party General Secretary and
the Prime Minister, aiming to unlock gold reserves held by Vietnamese
households, enhance transaction transparency, and strengthen the State’s
management of the market.

Additionally, the gold exchange will provide transparent
data for analysis, forecast, and policy making. When integrated and processed
in a timely manner, the data will serve as a valuable supplementary source of
information for monetary policy governance.

VGP-Van Nguyen