Đánh giá tác động của Nghị định 24/2012/NĐ-CP đến thị trường vàng Việt Nam sau 7 năm triển khai

Abstract

Gold market management is deemed among the top concerns of policymakers due to its influence on key
macroeconomic variables as well as on the general public. If, during the period prior to 2012, the domestic gold
price fluctuated on a day-to-day basis depending on the world gold price movements, since the State Bank of
Vietnam (SBV) introduced a series of tougher measures to take control of the gold market, typically the Decree
24/2012/ND-CP, the domestic gold market has gradually been moving to a stable state alongside a marked
decline in the goldalization of the economy. This article undertakes a comprehensive assessment of the Decree
24/2012’s effects on the Vietnamese gold market over 7 years of implementation, thereby highlighting the need
for amendments and supplements to the existing Decree 24/2012, which was initiated in 2017