Hanoi, Vietnam, Feb. 9 -- The move reflects the Government's strong resolve to address long-standing shortcomings in the gold market, including a lack of transparency, price manipulation and speculative activities.
The Prime Minister tasked the State Bank of Viet Nam (SBV) to promptly finalize a report on research, evaluation and establishment of a national gold exchange to help standardize gold pricing, improve market transparency and gradually mobilize gold resources held by the public for economic development.
According to the SBV, a gold exchange would operate as a centralized trading platform for standardized gold products, including both physical and non-physical instruments.
The SBV's Foreign Exchange Management Department reporte...