Consolidated Document number 20/VBHN-NHNN on gold business management

DECREE

On the management of gold trading activities

Decree No. 24/2012/ND-CP dated April 3, 2012, of the Government on the management of gold trading activities, which took effect from May 25, 2012, was amended and supplemented by:

Decree No. 232/2025/ND-CP dated August 26, 2025, of the Government amending and supplementing certain articles of Decree No. 24/2012/ND-CP dated April 3, 2012, of the Government on the management of gold trading activities, which took effect from October 10, 2025.

Pursuant to the Law on Organization of the Government dated December 25, 2001;

Pursuant to the Commercial Law No. 36/2005/QH11 dated June 14, 2005;

Pursuant to the Enterprise Law dated November 29, 2005;

Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12 dated June 16, 2010;

No. 06/2013/UBTVQH13 dated March 18, 2013;

At the proposal of the Governor of the State Bank of Vietnam;

The Government issues the Decree on the management of gold trading activities[1].

Chapter I. GENERAL PROVISIONS

Article 1. Scope of Regulation

1.[2] This Decree stipulates gold trading activities, including: Activities of producing and processing gold jewelry and artworks; activities of buying and selling gold jewelry and artworks; activities of producing gold bars; activities of buying and selling gold bars; activities of exporting and importing gold and other gold trading activities, including gold trading on accounts and derivative gold transactions.

2. The provisions of this Decree shall not apply to the activities of mining and refining gold by gold mining enterprises.

Article 2. Applicability

This Decree applies to organizations and individuals engaged in gold trading activities within the territory of Vietnam and other agencies, organizations, and individuals related to gold trading activities.

Article 3. Explanation of Terms

In this Decree, the following terms are understood as follows:

1. Gold jewelry and artworks are gold products with a fineness of 8 Karat (equivalent to 33.33%) or higher, processed and crafted for personal adornment and artistic decoration purposes.

2.[3] Gold bars are gold products stamped into bar form, marked with weight and quality indicators, bearing the code of the enterprise and commercial bank approved by the State Bank of Vietnam (hereinafter referred to as the State Bank); gold bars produced by the State Bank during each period.

3. Raw gold is gold in block, ingot, grain, bar forms, and other types of gold.

4. Gold trading on accounts refers to gold trading through accounts in the form of margin trading and net value continuously revalued according to fluctuations in gold prices.

Article 4. Principles of Management

1. The lawful ownership of gold of organizations and individuals is recognized and protected in accordance with the provisions of the law.

2. The State Bank is the agency representing the Government to uniformly manage gold trading activities in accordance with the provisions of this Decree.

3.[4] (Repealed)

4. Management of gold trading activities aims to develop a stable and sustainable gold market, ensuring that the production and processing of gold jewelry and artworks serve the domestic market and exports in accordance with the law.

5. Organizations and individuals engaged in gold trading activities must comply with the provisions of this Decree and other relevant laws.

6.[5] The production of gold bars; buying and selling gold bars; production of gold jewelry and artworks are conditional business activities and must be granted a Gold Bar Production License, a Gold Bar Trading License, and a Certificate of Eligibility for Gold Jewelry and Artwork Production by the State Bank. The purchase and sale of raw gold by enterprises and commercial banks producing gold bars shall be carried out in accordance with the provisions of this Decree.

7. Buying and selling gold jewelry and artworks is a conditional business activity without issuance of a certificate of eligibility for business.

8.[6] Derivative gold transactions by commercial banks and foreign bank branches shall be implemented in accordance with Article 112 of the Law on Credit Institutions.

9. Other gold trading activities, except for gold export and import activities, the purchase and sale of raw gold within the country by enterprises producing gold jewelry and artworks and enterprises trading in gold jewelry and artworks, and the activities specified in Clauses 6, 7, and 8 of this Article, are restricted business activities listed in the catalog of goods and services. Organizations and individuals may only engage in other gold trading activities after obtaining permission from the Prime Minister and being granted a Business License by the State Bank.

10.[7] Transactions involving the purchase and sale of gold with a daily value of 20 million dong or more of a customer must be conducted through the customer's payment account and the gold trading enterprise's payment account opened at a commercial bank or foreign bank branch.

Chapter II. PRODUCTION, PROCESSING AND PURCHASE AND SALE OF GOLD JEWELRY AND ARTWORKS

Article 5. Conditions for operating in the production of gold jewelry and decorative items

1. A business producing gold jewelry and decorative items shall be granted a Certificate of Eligibility for Producing Gold Jewelry and Decorative Items by the State Bank when it meets the following conditions:

a) It is a business established in accordance with the law, having registered to produce gold jewelry and decorative items in its Business Registration Certificate.

b) It has a location, material facilities, and necessary equipment to serve the production of gold jewelry and decorative items.

2. The State Bank shall stipulate the procedures and documents for the Certificate of Eligibility for Producing Gold Jewelry and Decorative Items.

Article 6. Responsibilities of businesses operating in the production of gold jewelry and decorative items

1. Implement marking symbols and gold content on products, announce applicable standards and product quantities according to the law, and bear legal responsibility for announced standards and product quantities produced by the business.

2. Bear legal responsibility for announced standards and product quantities of products processed by the business under contract.

3. Comply with legal regulations on accounting systems, issuance and use of invoices and vouchers.

4. Have plans to ensure safety in production and business activities, protect the environment, and prevent fires and explosions.

5. Ensure maintenance of the conditions prescribed in Clause 1, Article 5 of this Decree.

5a.[8] When selling raw gold purchased from enterprises specified in Article 11a of this Decree must issue and use electronic invoices in accordance with the law; store transaction data for selling raw gold fully and accurately; implement information provision to the State Bank as stipulated by the Governor of the State Bank.

6. Adhere to the provisions of this Decree and other relevant laws.

Article 7. Processing of gold jewelry and decorative items

Individuals, households, cooperatives, and businesses may process for businesses producing gold jewelry and decorative items and must register processing of gold jewelry and decorative items in their Business Registration Certificate, Enterprise Registration Certificate, or Business Registration Certificate.

Article 8. Conditions for operating in the purchase and sale of gold jewelry and decorative items

Businesses engaged in purchasing and selling gold jewelry and decorative items must meet the following conditions:

1. It is a business established in accordance with the law, having registered to purchase and sell gold jewelry and decorative items in its Business Registration Certificate.

2. It has a location, material facilities, and necessary equipment to serve the purchase and sale of gold jewelry and decorative items.

Article 9. Responsibilities of businesses engaged in the purchase and sale of gold jewelry and decorative items

1. Publicly display at the trading location the quantity, gold content, purchase price, and selling price of various types of gold jewelry and decorative items products, and bear legal responsibility for the quality of products sold to the market.

2. Comply with legal regulations on accounting systems, issuance and use of invoices and vouchers.

3. Adhere to legal regulations on measurement.

4. Have measures and equipment to ensure safety in business operations.

5. Adhere to the provisions of this Decree and other relevant laws.

Chapter III. GOLD BAR PRODUCTION, PURCHASE AND SALE ACTIVITIES[9]

Article 10. Management of Gold Bullion Trading Activities

The purchase and sale of gold bullion by organizations and individuals shall only be conducted at credit institutions and enterprises that have been granted a License for Gold Bullion Trading by the State Bank of Vietnam.

Article 11. Conditions for Issuing a License for Gold Bullion Trading

1. An enterprise shall be considered for issuance of a License for Gold Bullion Trading by the State Bank of Vietnam if it meets the following conditions:

a) It is an enterprise established and operating in accordance with the provisions of the law.

b) It has a charter capital of VND 100 billion or more.

c) It has experience in trading gold bullion for at least two years.

d) Its tax payments from gold trading activities amount to VND 500 million or more per year for the last two consecutive years (confirmed by the tax authority).

đ) It has a network of branches and sales locations in at least three provinces or centrally-administered cities in Vietnam.

2. A credit institution shall be considered for issuance of a License for Gold Bullion Trading by the State Bank of Vietnam if it meets the following conditions:

a) It has a charter capital of VND 3,000 billion or more.

b) It has registered to engage in gold trading activities.

c) It has a network of branches in at least five provinces or centrally-administered cities in Vietnam.

3. The State Bank of Vietnam shall stipulate the procedures and documentation required for issuing a License for Gold Bullion Trading to enterprises and credit institutions.

Article 11a. Conditions for Issuing a License for Gold Bullion Production

1. An enterprise shall be considered for issuance of a License for Gold Bullion Production by the State Bank of Vietnam if it meets the following conditions:

a) It holds a License for Gold Bullion Trading.

b) It has a charter capital of VND 1,000 billion or more.

c) It has not been administratively penalized for gold trading activities or, if it has been penalized, it has completed all corrective measures as prescribed in the Administrative Penalty Decision and recommendations with deadlines set forth in the Inspection and Audit Conclusions issued by competent state authorities (if applicable).

d) It has internal regulations governing gold bullion production, including basic contents such as raw material procurement procedures, gold bullion production procedures, production monitoring procedures, and product quality control procedures.

2. A commercial bank shall be considered for issuance of a License for Gold Bullion Production by the State Bank of Vietnam if it meets the following conditions:

a) It holds a License for Gold Bullion Trading.

b) It has a charter capital of VND 50,000 billion or more.

c) It has not been administratively penalized for gold trading activities or, if it has been penalized, it has completed all corrective measures as prescribed in the Administrative Penalty Decision and recommendations with deadlines set forth in the Inspection and Audit Conclusions issued by competent state authorities (if applicable).

d) It has internal regulations governing gold bullion production, including basic contents such as raw material procurement procedures, gold bullion production procedures, production monitoring procedures, and product quality control procedures.

3. The Governor of the State Bank of Vietnam shall stipulate the documentation and procedures for issuing a License for Gold Bullion Production.

Article 12. Responsibilities of Organizations Authorized to Produce and Trade Gold Bullion

1. They are only permitted to produce and trade the type of gold bullion specified in Clause 2 of Article 3 of this Decree. 3. In addition to the provisions of Clauses 1, 2, and 5 of this Article, enterprises and commercial banks producing gold bullion shall be responsible for:.

2. Comply with legal regulations on accounting systems, issuance and use of invoices and vouchers.

a) Announcing the standards applied, quantity, and purity of the products according to the provisions of the law and bearing legal responsibility for the quantity and purity of the products produced being consistent with the announced standards;

b) Bearing full responsibility for the gold bullion products they produce, providing warranty services to customers in accordance with the law, and retaining complete and accurate data on the gold bullion produced;

c) Establishing an information system for processing and storing data on the gold bullion produced, which includes basic contents such as raw material input information, production time, and output products; implementing connectivity to provide information to the State Bank of Vietnam as prescribed by the Governor of the State Bank of Vietnam.

4. In addition to the provisions of Clauses 1, 2, and 5 of this Article, enterprises and credit institutions engaged in gold bullion trading shall be responsible for:

a) Publicly listing the purchase and sale prices of gold bullion at transaction locations or on their websites and connecting to provide information about the listed prices to the State Bank of Vietnam;

b) Not being allowed to conduct gold bullion trading through appointed agents;

c) Ensuring safety measures and equipment in their trading activities;

d) Establishing internal regulations on gold bullion trading, clearly defining the transaction procedures with customers; publicly announcing customer rights and obligations on the website of the credit institution or enterprise or publicly posting them at the transaction location; retaining complete and accurate transaction data;

đ) Establishing an information system for processing and storing transaction data, which includes basic contents such as identification information for individuals, business tax registration numbers for enterprises, quantities and values of transactions for buyers and sellers; implementing connectivity to provide information to the State Bank of Vietnam as prescribed by the Governor of the State Bank of Vietnam.

GOLD EXPORT AND IMPORT ACTIVITIES

5. Adhere to the provisions of this Decree and other relevant laws.

Chapter IV. ACTIVITIES OF GOLD EXPORT AND IMPORT

Article 13. Export and import of jewelry and decorative gold products

1. The export and import of jewelry and decorative gold products shall be carried out based on the Business Registration Certificate or the Enterprise Registration Certificate.

2. The export and import of jewelry and decorative gold products for participation in international exhibitions and trade fairs shall be conducted in accordance with the Government's regulations on international exhibitions and trade fairs.

Article 14. Export and import of gold

1. The State Bank shall issue annual quotas and individual permits to enterprises and commercial banks as specified in Article 11a of this Decree for exporting and importing gold bars; annual quotas and individual permits to enterprises and commercial banks as specified in Article 11a of this Decree for importing raw gold.

2. Based on monetary policy objectives and the supply-demand situation of gold during each period, the State Bank shall issue permits for importing raw gold for enterprises according to the provisions of Clauses 4, 5, and 6 of this Article, and issue permits for exporting raw gold for enterprises holding mining permits according to the provision of Clause 7 of this Article. Enterprises specified in Clauses 4, 5, and 7 of this Article must meet the conditions stipulated at Point c Clause 1 Article 11a of this Decree.

3. The State Bank’s activities of exporting and importing raw gold are exempt from export tax and import tax pursuant to the Prime Minister's decision.

4. Enterprises engaged in gold business that have contracts for processing jewelry and decorative gold products with foreign countries may be considered by the State Bank for issuance of permits for temporarily importing raw gold for re-exporting finished products when meeting the following conditions:

a) Having a certificate of eligibility for production of jewelry and decorative gold products issued by the State Bank;

b) The need to import raw gold is consistent with the contract for processing jewelry and decorative gold products with foreign countries.

5. Annually, the State Bank will consider issuing permits for importing raw gold for foreign-invested enterprises based on their production capacity and reports on the export of jewelry and decorative gold products of the previous year (if applicable), when meeting the following conditions:

a) Being an enterprise registered for production of jewelry and decorative gold products;

b) The need to import raw gold is consistent with the contract for processing jewelry and decorative gold products.

6. Enterprises investing abroad in the field of gold mining that require importing gold mined overseas may be considered by the State Bank for issuance of permits for importing raw gold when meeting the following conditions:

a) Being an enterprise registered for gold mining in the Investment Certificate;

b) The raw gold expected to be imported is either mined by the enterprise overseas or allocated products under agreements for gold mining overseas.

7. Enterprises holding gold mining permits may be considered by the State Bank for issuance of permits for exporting raw gold mined domestically when meeting the following conditions:

a) Being a foreign-invested enterprise holding a gold mining permit;

b) The raw gold expected to be exported is mined domestically.

8. The export and import of raw gold in the form of powder, solution, solder flakes, gold salts, and semi-finished gold jewelry products shall be conducted based on the Enterprise Registration Certificate.

9. The Governor of the State Bank shall specify the application forms, procedures for issuing export and import permits for gold, and the validity period of such permits.

10. Responsibilities of enterprises and commercial banks granted export and import permits for gold as specified in Clause 1 of this Article:

a) Only permitted to import gold bars and raw gold with a purity of 99.5% or higher;

b) To announce the standards applied, quantities, and purity of imported gold bars and raw gold in accordance with the law and bear legal responsibility for the announced standards, quantities, and purity of the imported products;

c) To establish and report to the State Bank internal regulations on export and import, measures to ensure safety in gold export and import activities;

d) To establish internal regulations on selling raw gold ensuring transparency and openness; publicly announcing information about selling raw gold, rights and obligations of customers; accurately storing data on export, import, and transactions of raw gold;

đ) To use imported raw gold for the following purposes:

đ.1) Producing gold bars;

đ.2) Producing jewelry and decorative gold products;

đ.3) Selling to enterprises and commercial banks granted permits for producing gold bars;

đ.4) Selling to enterprises granted certificates of eligibility for producing jewelry and decorative gold products.

e) To establish an information system to process and store data on gold export, import, and transactions including partner information, quantities, purity, and transaction values; implementing connectivity to provide information to the State Bank as prescribed by the Governor of the State Bank;

g) To comply with the provisions of this Decree and other relevant laws.

Article 15. Carrying Gold When Exiting and Entering the Country by Individuals

Vietnamese individuals and foreigners exiting and entering through international border gates may carry gold according to the regulations of the State Bank.

Chapter V. STATE MANAGEMENT OF GOLD BUSINESS ACTIVITIES

Article 16. Responsibilities of the State Bank

1. To develop and submit to competent authorities for issuance of strategies and plans on developing the gold market towards marketization.

2. To establish and adjust the annual total quota for gold bar exports and imports, and gold raw material imports by enterprises and commercial banks as stipulated in Article 11a of this Decree based on:

a) Macroeconomic conditions and monetary policy objectives;

b) The scale of state foreign exchange reserves;

c) The implementation situation of gold bar exports and imports, and gold raw material imports.

Based on the annual total quota, the State Bank will allocate the annual quota for enterprises and commercial banks according to the charter capital scale of enterprises and commercial banks; the situation of gold bar exports and imports, and gold raw material imports in previous years (if any), and the demand of enterprises and commercial banks. The Governor of the State Bank shall specify the method of allocating the annual quota for enterprises and commercial banks.

3. The State Bank shall issue, amend, supplement, and revoke:

a) Certificate of eligibility for producing jewelry and decorative gold;

b) License for producing gold bars;

c) License for buying and selling gold bars;

d) License for exporting and importing gold bars and gold raw materials;

đ) License for carrying gold when exiting and entering the country by individuals exceeding the prescribed limit;

e) Licenses for gold business activities specified in Clause 9, Article 4 after being approved by the Prime Minister;

g) Quotas for exporting and importing gold bars; importing gold raw materials by enterprises and commercial banks, as stipulated in Article 11a of this Decree.

4. To coordinate with relevant ministries and sectors to establish information systems, build and store data on the gold market, and provide information to related agencies to enhance transparency and support effective management.

5. The State Bank shall conduct inspections and audits of gold bar production activities, jewelry and decorative gold production activities; gold bar trading activities; gold bar export and import activities, and gold raw material imports; and gold business activities specified in Clause 9, Article 4 of this Decree..

6. The State Bank shall publish on its electronic information website the purchase and sale prices of gold bars provided by enterprises and credit organizations licensed by the State Bank to buy and sell gold bars.

7. The State Bank shall perform other tasks and powers related to managing gold business activities as decided by the Prime Minister.

Article 17. Responsibilities of Ministries, Agencies Equivalent to Ministries, and People's Committees of Provinces and Central Cities

Within their functions, tasks, and powers, ministries, agencies equivalent to ministries, and People's Committees of provinces and central cities shall be responsible for state management of gold business activities as follows:

1. The Ministry of Industry and Trade shall take the lead and coordinate with relevant agencies to implement management and inspection functions over jewelry and decorative gold production activities; jewelry and decorative gold trading activities; and compliance with legal provisions by gold businesses.

2. The Ministry of Finance shall take the lead and coordinate with the State Bank to submit to competent authorities for issuance or issue within their authority tax policies for gold exports and imports, value-added tax, special consumption tax, and income tax applicable to gold business activities during each period; to stipulate and guide the issuance of business registration certificates for gold businesses and share business registration certificate data for gold businesses with the State Bank for coordination.

3. The Ministry of Science and Technology shall take the lead and coordinate with the State Bank and relevant agencies to promulgate national standards for jewelry and decorative gold and gold bars; inspect and manage measurement and quality of jewelry and decorative gold, gold bars, and gold raw materials in production, import, and circulation in the market; calibrate measuring instruments of gold businesses.

4. The Government Inspectorate shall perform audit functions over gold production and trading activities according to legal provisions.

5. The Ministry of Public Security shall cooperate with relevant ministries and sectors in combating, investigating, and handling crimes and violations of laws concerning gold business activities according to legal provisions.

6. People's Committees of provinces and central cities within their tasks and powers shall implement state management of gold business activities at the local level according to this Decree and other relevant legal provisions. The Chairmen of People's Committees of provinces and central cities shall direct the implementation of inspection and audit work on gold business activities at the local level. Provincial Inspectors shall conduct audits within the scope of provincial-level state management over gold business activities.

Article 18. Interdepartmental Coordination in Managing Gold Business Activities

Based on actual requirements, relevant ministries and sectors shall be responsible for coordinating and sharing information to serve the management of gold business activities; coordinating to conduct inspections and audits of gold business activities in accordance with the provisions of the law.

Chapter VI. VIOLATIONS

Article 19. Violations in Gold Business Activities

Violations of legal provisions in gold business activities include:

1. Engaging in the production of gold jewelry and artworks without a Certificate of Eligibility for Business issued by the State Bank.

2.[15] Engaging in the production, buying, and selling of gold bars without a permit issued by the State Bank; engaging in the export and import of raw gold and gold bars not in accordance with regulations.

3. Carrying gold when exiting or entering the country exceeding the prescribed limit without a permit issued by the State Bank.

4. Using gold as a means of payment.

5. Producing gold bars contrary to the provisions of this Decree.

6. Engaging in other gold business activities without permission from the Prime Minister and a permit from the State Bank.

7. Violating other provisions of this Decree and related legal provisions.

Chapter VII.IMPLEMENTING PROVISIONS[16]

Article 20. Reporting System

Enterprises and commercial banks engaged in gold business must report on their production, purchase, and sale of gold jewelry and artworks; production, purchase, and sale of gold bars; export and import of gold; and sales of imported raw gold according to the regulations of the State Bank and competent authorities.

Article 21. Transitional Provisions

1. Within twelve months from the date this Decree takes effect:

a) Organizations currently producing gold jewelry and artworks must re-register with the business registration authority and complete the procedures to obtain a Certificate of Eligibility for Production of Gold Jewelry and Artworks at the State Bank in accordance with this Decree and related legal provisions.

b) Organizations currently engaged in the purchase and sale of gold jewelry and artworks must re-register with the business registration authority.

2. The State Bank will specify transition periods and procedures for enterprises and credit institutions currently engaged in the purchase and sale of gold bars.

3. Licenses for gold bar production issued by the State Bank will expire from the date this Decree takes effect.

Article 22. Effectiveness

This Decree takes effect from May 25, 2012, and replaces Government Decree No. 174/1999/NĐ-CP dated December 9, 1999, on managing gold business activities and Government Decree No. 64/2003/NĐ-CP dated June 11, 2003, amending and supplementing Government Decree No. 174/1999/NĐ-CP dated December 9, 1999.

Article 23. Responsibility for Implementation

1. The Governor of the State Bank of Vietnam is responsible for guiding and implementing this Decree.

2. Ministers, heads of ministerial-level agencies, heads of government agencies, Chairpersons of provincial and centrally-administered city People's Committees, and related organizations and individuals are responsible for enforcing this Decree.

[1] Decision No. 232/2025/NĐ-CP amending and supplementing certain articles of Government Decree No. 24/2012/NĐ-CP dated April 3, 2012, on managing gold business activities, is based on the following grounds:

Pursuant to Decree No. 78/2025/NĐ-CP dated April 1, 2025 of the Government detailing some articles and measures to organize and guide the implementation of the Law on Issuing Regulatory Legal Documents;

Pursuant to the Law on the State Bank of Vietnam No. 46/2010/QH12;

The Governor of the State Bank of Vietnam hereby promulgates this Circular amending and supplementing certain provisions of Circular No. 16/2021/TT-NHNN dated November 10, 2021 issued by the Governor of the State Bank of Vietnam on the organization of credit institutions and foreign bank branches purchasing and selling corporate bonds.

Pursuant to the Law on Foreign Trade Management No. 05/2017/QH14;

At the proposal of the Minister of Industry and Trade;

Pursuant to the Enterprise Law No. 59/2020/QH14 amended and supplemented by Law No. 76/2025/QH15;

Pursuant to the Investment Law No. 61/2020/QH14 amended and supplemented by Laws No. 57/2024/QH15 and No. 90/2025/QH15;

At the proposal of the Governor of the State Bank of Vietnam;

The Government promulgates the Decree amending and supplementing certain articles of Government Decree No. 24/2012/NĐ-CP dated April 3, 2012, on managing gold business activities."

[2] This Clause is amended in accordance with Clause 1 of Article 1 of Decision No. 232/2025/NĐ-CP amending and supplementing certain articles of Government Decree No. 24/2012/NĐ-CP dated April 3, 2012, on managing gold business activities, which takes effect from October 10, 2025.

[3] This Clause is amended in accordance with Clause 2 of Article 1 of Decision No. 232/2025/NĐ-CP amending and supplementing certain articles of Government Decree No. 24/2012/NĐ-CP dated April 3, 2012, on managing gold business activities, which takes effect from October 10, 2025.

[4] This Clause is repealed in accordance with Article 2 of Decision No. 232/2025/NĐ-CP amending and supplementing certain articles of Government Decree No. 24/2012/NĐ-CP dated April 3, 2012, on managing gold business activities, which takes effect from October 10, 2025.

[5] This Clause is amended in accordance with Clause 3 of Article 1 of Decision No. 232/2025/NĐ-CP amending and supplementing certain articles of Government Decree No. 24/2012/NĐ-CP dated April 3, 2012, on managing gold business activities, which takes effect from October 10, 2025.

[6] This Clause is amended in accordance with Clause 3 of Article 1 of Decision No. 232/2025/NĐ-CP amending and supplementing certain articles of Government Decree No. 24/2012/NĐ-CP dated April 3, 2012, on managing gold business activities, which takes effect from October 10, 2025.

[7] This Clause is added in accordance with Clause 4 of Article 1 of Decision No. 232/2025/NĐ-CP amending and supplementing certain articles of Government Decree No. 24/2012/NĐ-CP dated April 3, 2012, on managing gold business activities, which takes effect from October 10, 2025.

[8] This Clause is added in accordance with Clause 5 of Article 1 of Decision No. 232/2025/NĐ-CP amending and supplementing certain articles of Government Decree No. 24/2012/NĐ-CP dated April 3, 2012, on managing gold business activities, which takes effect from October 10, 2025.

[9] The name of this Chapter is amended in accordance with Clause 6 of Article 1 of Decision No. 232/2025/NĐ-CP amending and supplementing certain articles of Government Decree No. 24/2012/NĐ-CP dated April 3, 2012, on managing gold business activities, which takes effect from October 10, 2025.

[10] This is supplemented pursuant to Clause 7, Article 1 of Decree No. 232/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 24/2012/NĐ-CP dated April 3, 2012 of the Government on management of gold trading activities, which takes effect from October 10, 2025.

[11] This is amended pursuant to Clause 8, Article 1 of Decree No. 232/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 24/2012/NĐ-CP dated April 3, 2012 of the Government on management of gold trading activities, which takes effect from October 10, 2025.

[12] This is amended pursuant to Clause 9, Article 1 of Decree No. 232/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 24/2012/NĐ-CP dated April 3, 2012 of the Government on management of gold trading activities, which takes effect from October 10, 2025.

[13] This is amended pursuant to Clause 10, Article 1 of Decree No. 232/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 24/2012/NĐ-CP dated April 3, 2012 of the Government on management of gold trading activities, which takes effect from October 10, 2025.

[14] This is amended pursuant to Clause 11, Article 1 of Decree No. 232/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 24/2012/NĐ-CP dated April 3, 2012 of the Government on management of gold trading activities, which takes effect from October 10, 2025.

[15] This clause is amended pursuant to Clause 12, Article 1 of Decree No. 232/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 24/2012/NĐ-CP dated April 3, 2012 of the Government on management of gold trading activities, which takes effect from October 10, 2025.

[16] Article 3 of Decree No. 232/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 24/2012/NĐ-CP dated April 3, 2012 of the Government on management of gold trading activities, which takes effect from October 10, 2025, provides as follows:

"Article 3. Effectiveness and responsibility for implementation

1. This Decree takes effect from October 10, 2025.

2. The Joint Stock Company of Gold, Silver and Precious Stones Ho Chi Minh City - SJC (hereinafter referred to as SJC Company) is permitted to reprocess gold bars from SJC gold bars produced and processed by the SJC Company before this Decree comes into effect, having at least one of the following characteristics: scratches; additional markings or signs that are not those of the SJC Company. The SJC Company shall bear full legal responsibility for ensuring that the reprocessed SJC gold bars are SJC gold bars produced and processed in accordance with the law.

3. The Governor of the State Bank of Vietnam shall be responsible for guiding and organizing the implementation of this Decree.

4. The Minister, the head of a ministerial-level agency, the head of a government-affiliated agency, the Chairman of the People's Committee of a province or centrally-administered city, and relevant organizations and individuals shall be responsible for implementing this Decree."

[17] This is amended pursuant to Clause 13, Article 1 of Decree No. 232/2025/NĐ-CP amending and supplementing certain provisions of Decree No. 24/2012/NĐ-CP dated April 3, 2012 of the Government on management of gold trading activities, which takes effect from October 10, 2025."