Investigators initially determined that the company’s actual revenue was about VNĐ13.7 trillion (US$520.19 million), a difference of about VNĐ9.7 trillion against tax reporting, causing a loss of about VNĐ150 billion to the State budget.
Prime Minister Phạm Minh Chính directs the State Bank of Vietnam to finalise documentation for the national gold exchange as part of economic growth strategy.
Prime Minister Phạm Minh Chính directs the State Bank of Vietnam to finalise documentation for national gold exchange as part of economic growth strategy.
In a document sent to the National Assembly, the Việt Nam Gold Traders Association said that gold jewellery should be treated as a normal commercial product, calling for a phased roadmap to ensure transparency and avoid market disruptions.
The SBV aims to develop a comprehensive approach to gold trading that includes secure custody, certification, settlement and effective technology solutions.
The SBV aims to develop a comprehensive approach to gold trading that includes secure custody, certification, settlement and effective technology solutions.
Party General Secretary Tô Lâm requested that the State''s monopoly on gold bullion branding should be dismantled in a controlled way, with the principle that the government retains oversight of bullion production.
Governor Hồng said the establishment of a gold exchange has positive aspects such as transparency and more favourable conditions for buying and selling needs of people and businesses, however, it requires investment in infrastructure.