Vietnam Insider | September 11, 2025 | Prime Minister Pham Minh Chinh has issued a directive calling for urgent reports and proposed solutions on the management and oversight of Vietnam’s monetary, gold, and stock markets amid growing concerns about macroeconomic stability and market fluctuations.
The directive, issued under Official Telegram No. 161/CĐ-TTg on September 11 and signed by Deputy Prime Minister Ho Duc Phoc, requires key ministries and regulators to provide detailed assessments of current market conditions and propose appropriate management strategies.
Central Bank Tasked with Reporting on Currency, Gold, and Real Estate Credit
The Governor of the State Bank of Vietnam (SBV) has been directed to submit a comprehensive report by September 14, 2025, detailing the implementation of monetary policy. The report must include updates on Exchange rates; Gold prices; Interest rates and Credit flows into the real estate sector
In addition to these updates, the SBV is expected to put forward policy recommendations to help stabilize and better manage the monetary and gold markets. Following the submission, Deputy Prime Minister Phoc will convene a high-level meeting with SBV leadership and representatives from relevant ministries and agencies.
Ministry of Finance to Report on Stock and Bond Markets
Meanwhile, the Ministry of Finance has been tasked with reporting on the stock market, including equities, derivatives, and bonds, by September 15, 2025. The Ministry is also expected to propose specific regulatory and operational measures to address any emerging risks or inefficiencies.
A follow-up meeting will be held with the Minister of Finance, relevant Deputy Ministers, and other key government bodies to review the findings and coordinate next steps.
Coordinated Oversight to Address Market Volatility
The directive underscores the government’s concern over market volatility and its potential impact on economic stability, especially amid global financial uncertainties, exchange rate pressures, and speculative activity in the gold market.
By calling for synchronized monitoring and proactive policy coordination between the central bank and financial regulators, the government aims to safeguard investor confidence, ensure liquidity across markets, and maintain a stable macroeconomic environment.
Vietnam Insider will continue to monitor developments and provide updates on policy actions and market responses in the coming days.
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Source: Vietnam Insider