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<\/figure>\n\n\n\nDeputy Hoang Van Cuong (Hanoi delegation). Photo: Nhu Y.<\/p>\n\n\n\n
Offering his views, deputy Tran Van Lam (Bac Giang delegation) addressed the recent wild fluctuations in gold prices. He said the problem with the current gold market was the gap between domestic and global gold prices,<\/a> which numerous approaches had failed to narrow.<\/p>\n\n\n\n \u201cThe auctions have only heated up the gold market further. This may be because the approach taken recently lacked a clear objective,\u201d Tran Van Lam suggested.<\/p>\n\n\n\n The deputy, a standing member of the Finance and Budget Committee, also expressed concern that the gold prices offered at auction were close to domestic market prices rather than global gold prices<\/a>. If global gold prices rise and domestic prices follow, however, that is a matter of market forces and cannot be adjusted.<\/p>\n\n\n\n The deputy, a standing member of the Finance and Budget Committee, also expressed concern that the gold prices offered at auction were close to domestic market prices rather than global gold prices. If global gold prices rise and domestic prices follow, however, that is a matter of market forces and cannot be adjusted.<\/p>\n\n\n\n Deputy Tran Van Lam (Bac Giang delegation).<\/p>\n\n\n\n According to the deputy, bringing gold prices closer to global market prices requires an accurate and complete calculation of the cost of gold in Vietnam to establish the auction starting price. Specifically, global gold prices should be converted into Vietnamese dong, with import costs and other expenses added to calculate the auction starting price.<\/p>\n\n\n\n \u201cDo we want to sell gold at high prices to bring in more money, or hold auctions to stabilize the market and public sentiment?\u201d Tran Van Lam asked.<\/p>\n\n\n\n In light of unusual fluctuations in the gold, real estate and corporate bond markets<\/a>, deputy Ta Thi Yen (Dien Bien delegation) said these developments demonstrated the need for prompt guidance, measures to resolve difficulties and stabilize the markets, and communication to clarify the situation, in order to avoid negative impacts on the economy and disruption to public sentiment.<\/p>\n\n\n\n Regarding the gold market, deputy Ta Thi Yen said it was clear that this did not reflect actual public demand but could instead be caused by certain actors \u201cspeculating and manipulating the market for profit.\u201d<\/p>\n\n\n\n Sharing this view, deputy Pham Duc An (Hanoi delegation) said Decree 24 \u201chas outlived its historical usefulness.\u201d He said gold management required great caution: investing in pursuit of global gold prices could result in losses outweighing gains and could lead to a return to the economy\u2019s previous reliance on gold.<\/p>\n\n\n\n Deputy An said the phenomenon of gold prices rising as the State Bank of Vietnam holds more gold auctions<\/a> was limited to the initial stage. In the coming period, the relevant authorities need to refine appropriate gold management methods and policies to prevent the economy from becoming reliant on gold.<\/p>\n\n\n\n Luan Dung<\/strong><\/p>\n\n\n\n Link: https:\/\/tienphong.vn\/vi-sao-cu-sau-dau-thau-gia-vang-lai-tang-post1639649.tpo<\/a><\/p>\n\n\n\n![\"\"](\"https:\/\/neuwp.orgtech.com.vn\/wp-content\/uploads\/2024\/07\/image-5.png\")
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