Hanoi: Party General Secretary To Lam recommended the completion of a legal framework to better connect the domestic gold market with international markets while speaking at a working session on May 28 with the Party Central Committee’s Commission for Policies and Strategies on mechanisms and policies for more effective management of the gold market.

According to Vietnam News Agency, the session focused on identifying measures to enhance the efficiency of Vietnam’s gold market and align it more closely with global standards. The development of a comprehensive legal framework is seen as a critical step to facilitate this integration. Party General Secretary To Lam emphasized the importance of aligning Vietnam’s gold market regulations with international norms to attract foreign investment and boost the country’s economic growth.

The Party Central Committee’s Commission for Policies and Strategies was tasked with exploring various strategies to streamline the gold market’s operations and ensure a more transparent and robust system. The committee discussed the current challenges faced by the domestic gold market, including regulatory bottlenecks and limited access to international trading platforms.

Party General Secretary To Lam highlighted the potential benefits of integrating Vietnam’s gold market with global systems, such as increased competitiveness, better price transparency, and enhanced investor confidence. The completion of a legal framework is expected to address these issues and pave the way for a more dynamic and interconnected gold market in Vietnam.