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State Bank of Vietnam coordinates with ministries to stabilize domestic gold market amid record-high prices.
The State Bank of Vietnam is taking steps to stabilize the domestic gold market amid record-high gold ring prices, which recently surpassed 83 million dong ($3,378) per tael.
The bank is coordinating with various ministries to inspect trading activities, enforce strict penalties for violations, and sell gold bars to state-owned banks for retail distribution.
These measures aim to reduce the gap between domestic and global gold prices and ensure compliance with trading regulations.
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El Banco Estatal de Vietnam coordina con los ministerios para estabilizar el mercado nacional de oro en medio de precios sin precedentes.