Delegate Lê Hoàng Anh proposed piloting gold certificates and other channels to direct capital into the economy, noting that households hold about 500 tonnes of gold while the economy relies heavily on bank credit, at around 155% of GDP. He argued the problem is not a shortage of capital but of channels: household deposits exceed 11.2 million billion VND, while corporate bonds total only about 11% of GDP, short of the 20% target for 2025. He also proposed linking household savings to businesses through voluntary pension funds and open-ended funds, and lending based on data and cash flow instead of land as collateral. The State Bank of Vietnam said in an early-October report that it has not set up a gold exchange for now and will keep refining the proposal. The 2027 plan targets GDP growth of 10% or more, CPI inflation of about 4.5%, and total state budget revenue of about 3.33 million billion VND.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Đề xuất thí điểm chứng chỉ vàng
Read the original on VnExpress ↗
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goldsavings accountscreditbondsState Bank of Vietnam
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| Change that session | -1.13% |
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