"The difference is not gold sign off"

► The difference between domestic and international gold remains high and there is no sign down ..

According to the Ministry of Planning and Investment, the effectiveness of stabilization policies the gold market is still limited 

Many of results monetary policy has been shown, but the effectiveness of stabilization policies the gold market is still limited.

That is the assessment of the Ministry of Planning and Investment of operating monetary policy in the second quarter of this year at the Government's regular meeting in June, am 27/6.

Report by the Minister Bui Quang Vinh presented shows that in the first 6 months of the year, the State Bank has made cuts deposit rates and lending rates, contributing to solve difficulties for business operations business.

The growth rate of capital mobilization and lending gradually improved liquidity of the system is relatively stable, the rate of credit growth, after falling in the month of 1/2013, has bounced back from May 2/2013 far. The Asset Management Company (VAMC) was established and put into operation in the near future will help solve the bad debt, increase liquidity for the banking system, thereby helping the bank to accelerate stream flows economic capital in the last 6 months.

Along with the exchange rate tends to rise slightly; forex market movements relatively stable, the State Bank to continue buying large amounts of foreign currency contributed to foreign exchange reserves of the State meet exchange for 12 weeks of imports, gold trading is gradually put into operation more stable than before.

However, according to Minister Bui Quang Vinh, the effectiveness of stabilization policies the gold market is still limited, the difference between domestic and international gold remains high (approximately 5-6 million / tael) and no sign of abating. The interest rate has reduced but the difference between the deposit rate and lending has not decreased, the credit access many obstacles. Credit to the economy has improved, but the growth rate was still low compared to demand growth.

As of 20.06.2013, the total liquidity (M2) was estimated to grow at 7.1% vs. 12/2012 (the same period increased 7.51%). Total customer deposits at credit institutions was estimated to increase about 8.18%. Credit to the economy estimated to be approximately 3.31%.