HANOI, March 19 (Xinhua) -- The Vietnamese government has directed the State Bank of Vietnam to urgently carry out close and comprehensive inspection and supervision to stabilize the gold market, local media reported Tuesday.
The supervision and inspection must be carried out with gold trading enterprises, stores and distribution agents, said Deputy Prime Minister Le Minh Khai.
The move aims to ensure the stability and safety of the gold market, and contribute to limiting the "goldization" of the economy, besides ensuring national financial and monetary security, and developing a safe, healthy, effective and sustainable gold market.
The government has repeatedly requested the central bank to take measures to manage the gold market to prevent gold bar prices from being too high compared to the world since the end of last year.
Vietnam's domestic gold prices set a new record on March 12 at 82.5 million Vietnamese dong (3,333 U.S. dollars) per tael for Saigon Jewelry Company gold bars. ■
