Consolidated Document number 25/VBHN-NHNN on classification, packaging, delivery and receipt of precious metals and gemstones

SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ___________________

 

CIRCULAR

Provisions on classification, packaging, delivery and receipt of precious metals and gemstones

 

Circular No. 17/2014/TT-NHNN dated August 1, 2014 of the Governor of the State Bank of Vietnam on classification, packaging, delivery and receipt of precious metals and gemstones took effect from September 15, 2014, amended and supplemented by:

Circular No. 33/2025/TT-NHNN dated September 30, 2025 of the Governor of the State Bank of Vietnam amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, delivery and receipt of precious metals and gemstones, taking effect from November 15, 2025.

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

Pursuant to the Law on Credit Organizations No. 47/2010/QH12 dated June 16, 2010;

Pursuant to Decree No. 156/2013/NĐ-CP dated November 11, 2013, of the Government stipulating the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;

Pursuant to Decree No. 40/2012/NĐ-CP dated May 2, 2012 of the Government on cash issuance operations; storage and transportation of valuable assets and securities within the State Bank of Vietnam system, credit institutions, and foreign bank branches;

Pursuant to Decree No. 24/2012/NĐ-CP dated April 3, 2012 of the Government on gold trading activities management;

At the proposal of the Director of the Issuance and Treasury Department,

The Governor of the State Bank of Vietnam issues this Circular on classification, packaging, delivery and receipt of precious metals and gemstones[1].

PART I

GENERAL PROVISIONS

 

Article 1. Scope of Regulation

1.[2] This Circular stipulates the classification, packaging, delivery and receipt of precious metals and gemstones between the State Bank of Vietnam, credit institutions, foreign bank branches with each other and with organizations and individuals.

2. The preservation, transportation, inspection, inventory, handover, and handling of excess or shortage of precious metals and gemstones shall be carried out in accordance with the provisions of Circular No. 01/2014/TT-NHNN dated January 6, 2014 of the Governor of the State Bank of Vietnam on delivery, preservation, and transportation of cash, valuable assets, and securities.

Article 2. Applicability

1.[3] Units under the State Bank of Vietnam (hereinafter referred to as the State Bank) include: the Issuance and Treasury Department, the Trading Center, the State Bank Branches in Regions, and related units.

2. Credit institutions, foreign bank branches (hereinafter referred to as credit institutions).

3.[4] (Repealed)

4. Organizations and individuals who have delivery and receipt of precious metals and gemstones with the State Bank, credit institutions (hereinafter referred to as customers).

Article 3. Explanation of Terms

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

1. Precious metals include gold, silver, platinum, and other types of precious metals.

2. Gemstones include diamonds (brilliant), rubies (ruby), emeralds (emerald), sapphires (sapphire), pearls (pearl), and other types of gemstones.

3.[5] Packaging refers to the bag used to press each gold bar product; gold bar packaging must be counterfeit-proof according to the standards and specifications of commercial banks, enterprises permitted by the State Bank to produce gold bars, or units processing gold bars for the State Bank (hereinafter referred to as processing units).

Article 4. Principles of classification, packaging, delivery and receipt of precious metals and gemstones

1. Precious metals and gemstones must be classified, arranged, packaged, and sealed according to the catalog order for convenience in storage, entry and exit, inspection, and inventory. Classification, testing, packaging, and delivery shall be carried out sequentially for each customer and unit, by type and category; after verification and packaging of one category, it can proceed to another category; after completing the delivery and receipt of one customer or unit's items, it can proceed to the next customer or unit's items to avoid confusion.

2. The location for classification, testing, packaging, and delivery of precious metals and gemstones must be convenient and safe; equipped with tools and means necessary to ensure the required accuracy for testing, packaging, and sealing work.

3. When delivering and receiving precious metals and gemstones, it must be based on legal and valid documents; the data on the documents must match the actual items. The delivery and receipt process must fully comply with the regulations on classification, testing, packaging, and sealing.

4. The determination of quantity, volume, quality, and size of various types of precious metals and gemstones must be specific and accurate.

Chapter II

CLASSIFICATION AND PACKAGING OF PRECIOUS METALS AND GEMSTONES

 

Article 5. Classification List

Precious metals and gemstones are classified into the following categories: Type, classification, or quality classification.

1. Type: Gold, silver, platinum, diamond, ruby, emerald, sapphire, pearl, other precious metals and gemstones as prescribed by law.

2. Classification:

a)[6] Gold is classified as follows:

- Jewelry and decorative gold products are gold products with a purity level of 8 Karat (equivalent to 33.33%) or higher, processed and crafted for ornamental and decorative purposes.

- Gold bars are gold products stamped into bar form, marked with weight and quality indicators, bearing the code mark of enterprises and commercial banks permitted by the State Bank to produce them; gold bars are produced by the State Bank during specific periods.

- Raw gold is gold in block, ingot, bead, bar, and other forms.

b) Other precious metals are classified as follows:

- Jewelry and decorative precious metal products are precious metal products processed and crafted for ornamental and decorative purposes.

- Raw precious metals are precious metals in block, ingot, bead, bar, and other forms.

3. Quality classification: The types or classifications above are further classified according to quality.

a) Precious metals: Classified based on precious metal content over 75%, between 30% and 75%, and under 30%.

b) [7] Gemstones: Classified according to TCVN 5855:2017.

Article 6. Determination of Quantity, Weight, Size, and Quality of Precious Metals and Gemstones

1. Determination of quantity:

a) Countable type: counted by unit of ingot, sheet, piece, bead, bar, fragment.

b) Uncountable type (powdered, granular, powdered form): determined by item, package.

2. Determination of weight and size:

a) [8] Precious metals: Weight is determined according to legal measurement units such as kilograms (kg), grams (g), milligrams (mg) or liang, tael (zhi), fen.

1 fen =	1	1 zhi =	1	1 liang = 0.375 g
	10		100

b) Gemstones: Weight is determined according to carat (ct), 01 ct = 0.2 g = 200 mg; diameter and size of pearls are determined according to millimeters (mm).

c) Jewelry or decorative items with attached gemstones that increase the value of the item compared to its value when separated from the gemstone; upon inspection, the original shape must be maintained and the total weight of the item must be weighed, followed by determining the weight of each part (if possible).

3. Determination of quality:

a) Precious metals: Determined based on the percentage (%) of pure precious metal content.

b) [9] Gemstones: Quality is determined based on chemical composition and usage value for classification according to TCVN 5855:2017, Gemstones - Terminology and Classification.

4. Instruments and tools used to determine the weight and size of precious metals and gemstones must meet the following requirements:

a) Have a measuring range and accuracy appropriate to the permissible error limits of the measurement results as stipulated by state management agencies for metrology or announced by organizations and individuals producing or importing precious metals and gemstones.

b) Must have been calibrated or verified according to legal regulations on metrology. Calibration certificates must still be valid.

Article 7. Packaging and Sealing

1.[10] Precious metals and gemstones (excluding gold bars and raw gold as specified in Clause 3 and Clause 3a of this Article) are packaged in nylon bags and stapled (or sewn, sealed) at the bag opening. Outside the bag, it must be wrapped with two layers of thick, durable paper. For gemstones, jewelry, and decorative items, they must be lined with cotton, fabric, or soft paper and placed in hard boxes to prevent damage.

Jewelry and decorative items must be packaged individually or in sets. If they are identical in quality and weight, they should be packaged in sets of 10 pieces, and 10 sets in one package.

Inside the package or box, there must be a certificate of inspection and a list. Outside the package or box, it must be sealed; on the seal, clearly indicate: Type, classification, quantity, weight, size, quality, name and signature of the team leader (hereinafter referred to as the team leader), warehouse manager, date, month, year of packaging and sealing.

2.[11] One or more packages or boxes of the same type, classification, and quality are packed into a stainless steel box, sealed, and lead-sealed. On the seal of the box, clearly indicate the number of packages or boxes, their weight, size, quality, name and signature of the team leader and warehouse manager, date, month, year of packaging and sealing.

3.[12] Regulations on packaging and sealing of gold bars by the State Bank:

a) Gold bars of the same weight and quality, after inspection, must be packed into transparent nylon bags or boxes in lots, each lot consisting of 100 or multiples of 100, maximum 500 bars (in cases where gold bars do not form a complete lot, they are packed similarly to those forming a complete lot and the number of gold bars is clearly indicated on the seal).

The container for gold bars is a stainless steel box suitable in size for the number of gold bars in a lot, lined with velvet cloth, with two buttons on the top edge of the box for easy locking, sealing, and lead-sealing.

Inside each box or bag, there must be a list of coded marks and serial numbers (if any) of the gold bars in the box or bag. Outside the box or bag, it must be sealed, and on the seal, clearly indicate: Type, classification, quantity, weight, quality, name and signature of the two inspectors and packers, date, month, year of packaging and sealing.

b) Each raw gold ingot is placed in a separate nylon bag. After inspection, raw gold ingots of the same weight and quality must be packed into boxes in lots, each lot consisting of 5 or multiples of 5, maximum 25 ingots (in cases where raw gold does not form a complete lot, they are packed similarly to those forming a complete lot and the number of ingots is clearly indicated on the seal).

The container for raw gold ingots is a stainless steel box suitable in size for the number of gold ingots in a lot, lined with velvet cloth, with two buttons on the top edge of the box for easy locking, sealing, and lead-sealing.

Each box must contain a quality certificate from the manufacturer or inspection unit, a list with code marks, serial numbers (if available) of the gold bars in the box. On the outside of the sealed box, the seal must clearly indicate: Type, classification, quantity, weight, quality according to the manufacturer's or inspection unit's certificate; names, signatures of the two inspectors who packed it; date, month, year of packaging and sealing.

3a.[13] Regulations on packaging and sealing of credit organizations' gold bars and raw gold:

a) Credit organizations' packaging and sealing of gold bars shall be carried out in accordance with the regulations on packaging and sealing of gold bars by the State Bank.

b) Credit organizations shall establish internal regulations for packaging and sealing of raw gold.

3b.[14] The person whose name and signature appear on the seal shall be responsible for the bag, package, or box containing precious metals and gemstones that have been sealed.

4. The cash warehouse custodian shall record the number on each package or box, which shall be monitored on the warehouse card and tracking book.

Chapter III

HANDOVER OF PRECIOUS METALS AND GEMSTONES

 

Section 1. ORGANIZATION OF HANDOVER

Article 8. Handover Team

1.[15] The classification, inspection, packaging, and handover of precious metals and gemstones must be carried out by the handover team, except for the classification, inspection, packaging, and handover of gold bars and raw gold as stipulated in Section 3, Chapter III of this Circular by the State Bank.

2. Authority to establish the handover team:

a)[16] At the State Bank:

- The Director of the Issuance and Treasury Department decides to establish the handover team at the Central Cash Warehouse in Hanoi (Cash Warehouse I);

- The Head of the Issuance and Treasury Sub-department decides to establish the handover team at the Central Cash Warehouse in Ho Chi Minh City (Cash Warehouse II);

- The General Director of the Trading Department, the General Director of the Regional Branch of the State Bank decides to establish the handover team at their respective units.

b) At credit organizations: Credit organizations decide to establish the handover team at their respective units.

3. Composition of the handover team includes:

a) Team leader.

b) Precious metal and gemstone technician (when receiving through physical inspection). In cases where the State Bank or credit organization does not have a dedicated precious metal and gemstone technician, they may hire a technician for inspection. The technician must be trained in precious metal and gemstone inspection procedures.

c) Cash warehouse custodian.

d) Recording staff and report preparer. If there is no separate recording staff and report preparer, the recording and preparation of handover reports shall be carried out by one of the three members of the handover team specified in point a, b, c of this Clause.

Article 9. Responsibilities of Handover Team Members

1. The team leader is responsible for the assigned tasks before the authority issuing the decision to establish the handover team; directly guides and ensures the safety of assets during the execution of the handover team's tasks.

2. The technician is responsible for ensuring accurate classification, determination of quality, weight, and size of various types of precious metals and gemstones.

3. The cash warehouse custodian is responsible for directly packaging and sealing various types of precious metals and gemstones.

4. The recording staff and report preparer must be responsible for complete, clear, and accurate recording and preparation of handover reports.

5.[17] Handover team members are responsible for keeping confidential information about assets, data, and other related information during handover as prescribed by law and strictly follow the procedures for handover of precious metals and gemstones stipulated in this Circular.

Section 2. PROCEDURE FOR HANDLING PRECIOUS METALS AND GEMS

Article 10. Forms of Handover

1\. Depending on specific circumstances and requirements of each handover case or at the request of the delivering party, precious metals and gems shall be handed over through physical inspection or sealed delivery procedures.

2\. The handover of gold bars and raw gold shall be carried out in accordance with the provisions set forth in Section 3, Chapter III of this Circular.

Article 11. Procedure for Receiving Precious Metals and Gems Through Physical Inspection

1\. Step 1. The delivering party submits the physical items along with valid and lawful documents and prepares an inventory list according to the model attached as Appendix I to this Circular.

The team leader must thoroughly check all valid and lawful documents related to the assets, including:

a\. An authorized warehouse release order from the competent authority of the delivering unit in cases where precious metals and gems are received within the State Bank system; between the State Bank and credit organizations; and vice versa; and among credit organizations.

b\. Credit-related documents in cases where precious metals and gems are received from customers as collateral or pledge for loans.

c\. Storage contracts in cases where precious metals and gems are received from customers for asset storage services.

d\. Official documents from authorized state agencies as stipulated by law and relevant files concerning the assets in cases where precious metals and gems are deposited into State Bank warehouses.

2\. Step 2. The team leader receives the quantities of physical items listed in the inventory sheet, one type at a time, before moving on to the next type.

3\. Step 3. The team leader hands over each item listed in the inventory sheet to technical workers who use weighing and measuring tools to classify, determine weight, quality, and size of the precious metals and gems accurately in accordance with the provisions of Article 5 and Article 6 of this Circular, and records information about the name, serial number, measurement range; accuracy, date, month, year of inspection, testing, calibration of the weighing and measuring tools in the handover record.

After inspecting the quality of each item, the technical worker must sign and clearly write their full name on the inspection result form for each item. The inspection form is made in two copies, one copy attached to the item when packaging, and the other given to the accountant together with the submission documents. The inspection form must include all elements: name of the item, weight, quality, size, inspection date, month, year.

If the technical worker discovers that an item is not a precious metal or gem during inspection, they must return it to the team leader along with the inspection form to return the item to the delivering party and note this clearly in the handover record.

4\. Step 4. After determining the weight, quality, and size of each type, classifying precious metals and gems, the technical worker transfers the inspection form to the record-keeping staff. In cases where there are discrepancies in quantity, quality, weight, or size of precious metals and gems compared to the inventory sheet of the delivering party as specified in Clause 1 of this Article, the record-keeping staff prepares an inventory sheet in two copies according to the model attached as Appendix I to this Circular and records the results based on the inspection form. In cases where there are no discrepancies in quantity, quality, weight, or size of precious metals and gems compared to the inventory sheet of the delivering party as specified in Clause 1 of this Article, the record-keeping staff prepares an additional inventory sheet with the same content and data as the delivering party's inventory sheet. The inventory sheet must have signatures from the team leader and confirmation signatures from the technical worker. One copy of the inventory sheet is given to the cash warehouse manager along with the items for re-checking during packaging; the other copy is given to the record-keeping staff to prepare the handover record according to the model attached as Appendix II to this Circular.

5\. Step 5. Technical workers verify the data recorded on the inventory sheet and the physical items, then transfer each type to the cash warehouse manager. The cash warehouse manager must recheck before packaging and sealing. The classification, packaging, and sealing procedures are detailed in Article 5, Article 7 of this Circular.

6. Step 6. After receiving and sealing the items handed over, the handover team shall check the data on the inventory lists against the sealed packages and boxes. Based on the handover record and the warehouse entry form of the accountant, the cashier shall mark the serial number on each package and box according to the provisions of Clause 4, Article 7 of this Circular before placing them for storage in the warehouse.

Article 12. Procedure for receiving precious metals and gemstones in sealed packages[18]

1. The team leader shall ensure that all legal and valid documents for the assets being received are fully controlled as prescribed in Clause 1, Article 11 of this Circular. The person handing over the sealed items must provide a detailed list of the items, including the name of each item; quantity, quality, size, and weight of the items (if determinable).

2. The handover team shall witness and guide the person handing over to pack, seal the items themselves. Inside the package or box, there must be an inventory list and a handover record attached. The handover record shall be prepared according to the model at Appendix II issued together with this Circular, clearly stating receipt according to sealed packages or boxes. The seal shall clearly state: the delivering unit, the deliverer, full name, signature of the person packing and sealing the package or box (from the delivering side); date, month, year of delivery, signed by the deliverer.

The person whose name and signature appear on the seal shall be responsible for the quantity, quality, size, and weight of the items (if determinable) within the sealed package or box. The receiving unit accepting the sealed packages or boxes does not bear responsibility for the quantity, quality, size, and weight of the items within the sealed package or box.

Article 13. Handover Record

1. The handover must be documented in a handover record according to the model at Appendix II issued together with this Circular.

2. The handover record shall be made in four copies: one copy retained by the person handing over the items as a receipt; one copy given to the accountant along with other submission documents; one copy given to the cashier; one copy kept with the package of items (if received in sealed packages).

Article 14. Storage of precious metals and gemstones during the receiving process

At the end of each working session or day, if the verification has not been completed, all precious metals and gemstones must be stored in bags or boxes, placed inside a locked iron safe and sealed. The deliverer shall pack and seal their entire property together with the asset inventory list under the guidance and supervision of the handover team. On the seal, there must be signatures of the deliverer, the packer, and the items must be placed for storage in the cash vault. The team leader shall write a receipt, which must include signatures of the team leader, the cashier, the accountant, and the authorized authority of the receiving unit, then give it to the deliverer.

When receiving back the package or box of items for further verification, the deliverer must recheck the seal. If correct, the receipt shall be returned to the team leader for cancellation and the verification process shall continue.

Article 15. Delivery of Precious Metals and Gemstones That Have Been Inspected

1.[19] When delivering precious metals and gemstones, the following types of documents must be complete:

a) Warehouse release order from the authorized authority of the State Bank or credit organization;

b) Warehouse release form;

c) Power of attorney from the recipient or receiving entity (if receiving on behalf of another);

d) Identity card or citizen identity card or electronic ID card or passport of the recipient.

2. Based on the warehouse release form, the cashier must prepare an inventory list of the items released from the warehouse according to the model at Appendix I issued together with this Circular and update the tracking log and warehouse card before delivering the items. Before opening the package or box of items, the warehouse release members must recheck the seal; if the seal is intact, proceed to open the package or box; if the seal is not intact, report to the authorized authority of their own unit for examination and handling according to regulations, and the cashier shall be responsible for the quantity, quality, and weight of the items in that package or box. After opening the package or box, compare the quantity, weight, and quality with the handover record, inspection record, and previous inventory list to ensure accuracy before proceeding with the release according to the warehouse release form. A handover record must be prepared according to the model at Appendix II issued together with this Circular when releasing from the warehouse. If the release is not complete, the remaining items will be the difference between the initial inventory data and the current release data. The remaining items will be repackaged, sealed, and accompanied by the original inventory list and the current release inventory list. The warehouse card retains the original serial number.

Article 16. Delivery of Precious Metals and Gemstones in Sealed Packages

1. When delivering physical items according to sealed packages, there must be documents as prescribed in Clause 1, Article 15 of this Circular,delivery and receipt records, and storage contracts (if any) previously received. For assets stored in the State Bank's warehouse, there must be documents as prescribed in Clause 1, Article 15 of this Circular,, delivery and receipt records, and a document from the competent state agency as prescribed by law for such assets.

2. When delivering physical items, a delivery and receipt record must be established according to the model set forth in Appendix II issued together with this Circular, and the original sealed package must be delivered according to the previous delivery and receipt record.

In cases where the recipient only accepts part of the contents within the package, they must first complete the return procedures for the entire sealed package, then proceed with the acceptance procedures for the remaining portion according to a new sealed package.

3. The opening of sealed packages must be carried out by the person named on the seal or their authorized representative.

Prior to delivery, the delivering party requests the receiving party to carefully inspect the seal and the exterior of the package. After delivery, the receiving party shall bear full responsibility for the quantity and quality of the assets within the package. If necessary, the receiving party has the right to invite a competent authority to examine the seal and the exterior condition of the package before opening it.

In cases where the seal is lost, torn, or faded, making the content illegible, both parties must agree on a method of handling or invite a representative of a competent authority to conduct an examination.

Section 3. DELIVERY AND ACCEPTANCE OF GOLD BARS AND GOLD RAW MATERIALS

Article 17. Acceptance of Gold Bars and Gold Raw Materials

1.[20] The State Bank accepts gold bars purchased from credit institutions and enterprises holding a Business License for Gold Bar Trading (hereinafter referred to as credit institutions and enterprises) based on a transaction confirmation document between the State Bank and the credit institution or enterprise; it conducts counting, acceptance, and recording of identification marks and serial numbers (if any) according to the original packaging of the commercial bank or enterprise holding a Production License for Gold Bars and the processing unit.

Credit institutions and enterprises are responsible to the State Bank for the quality and quantity of gold bars sold to the State Bank until the State Bank sells them or confirms their quality.

In cases where it is necessary to re-examine the quality of gold after counting and accepting according to the original packaging, the State Bank may organize the examination itself or hire another organization to conduct it; the examination must be witnessed by a representative of the credit institution or enterprise selling the gold. If the credit institution or enterprise selling the gold does not send a witness, they must notify the State Bank in writing and accept the examination results.

2.[21] The State Bank accepts gold bar products processed from raw materials according to a gold bar processing contract between the State Bank and the processing unit; it conducts counting and acceptance according to the original packaging of the processing unit.

The processing unit is responsible to the State Bank for the quality and quantity of gold bars processed according to the contract signed with the State Bank until the State Bank sells them or confirms their quality.

3.[22] The State Bank accepts gold bars and raw materials according to an import contract (in cases where the State Bank directly imports) or other documents as prescribed (in cases where the State Bank does not directly import); it conducts acceptance according to the bar or ingot form.

In cases where the State Bank accepts raw materials from commercial banks and enterprises based on a transaction confirmation document among the parties, it conducts acceptance according to the ingot form.

3a.[23] Credit institutions accept gold bars from customers and conduct acceptance according to the bar form.

4.[24] When accepting gold bars and raw materials in cases prescribed in Clauses 1, 2, and 3 of this Article, the recipient must have an authorization letter from the competent authority, and the recipient must fully control the legal and valid documents for the asset. These documents include: Transaction Confirmation Document/Contract for Purchase, Sale, Processing, Importation of Gold Bars and Raw Materials among the parties; authorization letter from the competent authority of the transferring unit; identity card or citizen identity card or electronic identity card or passport of the transferee and other necessary documents.

5. When accepting gold bars and raw materials in cases prescribed in Clause 1, 2, and 3 of this Article, a delivery and receipt record must be established according to the model set forth in Appendix II issued together with this Circular.

Article 18. Delivery of gold bars and gold raw materials

1. The State Bank shall deliver gold bars to credit institutions and enterprises based on transaction confirmation documents for the purchase and sale of gold bars between the State Bank and credit institutions and enterprises. The State Bank shall carry out the delivery, and credit institutions and enterprises shall organize counting and receiving gold bars in their original packaging from credit institutions and enterprises permitted by the State Bank to produce, prioritizing the delivery of gold bars previously sold by credit institutions and enterprises to the State Bank.

2.[25] The State Bank shall deliver gold raw materials to processing units to process into gold bars according to the gold bar processing contract between the State Bank and the processing unit, implementing the delivery by ingot.

The processing unit shall check the quantity and quality test of the gold raw materials delivered by the State Bank for processing into gold bars under the supervision of the State Bank.

3.[26] The State Bank shall deliver gold raw materials according to export contracts (or entrusted exports) between the State Bank and foreign partners in accordance with the provisions of the contract.

In cases where the State Bank delivers gold raw materials to commercial banks and enterprises based on transaction confirmation documents for the purchase and sale between the parties, the receipt shall be made by ingot.

3a.[27] Credit institutions shall deliver gold bars to customers, implementing the delivery by bar.

4.[28] When delivering gold bars and gold raw materials as specified in Clauses 1, 2, and 3 of this Article, all necessary documents as stipulated in Clause 1, Article 15 of this Circular and transaction confirmation documents/contracts for the purchase, sale, processing, and export of gold bars and gold raw materials among the parties must be present.

5. When delivering gold bars and gold raw materials as specified in Clause 1, 2, and 3 of this Article, a delivery and receipt record must be established according to the model attached as Appendix II to this Circular.

Chapter IV

IMPLEMENTATION ORGANIZATION[29]

 

Article 19. Responsibilities of relevant units under the State Bank

1. The Issuance and Treasury Department shall be responsible for:

a) Organizing the implementation of the delivery and receipt of gold bars and gold raw materials of the State Bank at Treasury I in accordance with Articles 17 and 18 of this Circular.

b) Coordinating with related units to implement customs procedures and procedures for receiving imported gold of the State Bank according to contracts and transaction documents between the State Bank and foreign partners at airports, ports, and railway stations.

c) [30] Directing the procedures for the delivery and receipt of gold bars and gold raw materials at the State Bank.

d) Directing and inspecting the implementation of this Circular.

2. The Issuance and Treasury Sub-department shall be responsible for organizing the implementation of the delivery and receipt of gold bars and gold raw materials of the State Bank at Treasury II in accordance with Articles 17 and 18 of this Circular and implementing in accordance with point b of Clause 1 of this Article.

3.[31] The State Bank Inspectorate shall be responsible for directing the control over the organization and implementation within the State Bank system.

Article 20. Responsibilities of credit institutions

1.[32] Credit institutions shall base on TCVN 5855:2017, Precious Stones - Terminology and Classification, and any subsequent amendments, supplements, or replacements thereof, and the provisions of this Circular to establish internal procedures and organize the classification, packaging, delivery, and receipt of precious metals and gemstones within their systems.

2.[33] Credit institutions licensed to produce gold bars; engage in the purchase and sale of gold bars; export and import gold bars; and import gold raw materials shall base on the provisions of this Circular to establish internal procedures and organize the delivery and receipt of gold bars and gold raw materials within their systems, as well as the delivery and receipt of gold raw materials with customers and partners.

Article 21. Effective Date

1. This Circular takes effect from September 15, 2014.

2. From the date this Circular takes effect, the following documents shall cease to be effective:

a) Decision No. 78/2000/QD-NHNN6 dated March 6, 2000, of the Governor of the State Bank promulgating the Regulations on Classification, Testing, Packaging, and Delivery of Precious Metals and Gemstones in the Banking Industry.

b) Circular No. 05/2013/TT-NHNN dated March 8, 2013, amending and supplementing certain articles of the Regulations on Classification, Testing, Packaging, and Delivery of Precious Metals and Gemstones in the Banking Industry issued pursuant to Decision No. 78/2000/QD-NHNN6 dated March 6, 2000, of the Governor of the State Bank

Article 22. Responsibility for Implementation[34]

The heads of relevant units under the State Bank, credit institutions, foreign bank branches, organizations, and individuals related thereto shall be responsible for organizing the implementation of this Circular./.

 

ANNEX I

MODEL DECLARATION FORM FOR PRECIOUS METALS AND GEMS
(Attached to Circular No. 17/2014/TT-NHNN dated August 1, 2014 of the State Bank)

 

NAME OF ADMINISTRATIVE AUTHORITY DIRECT NAME OF UNIT -------	SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ---------------
Number:

 

DECLARATION FORM FOR PAYMENT/RETURN
TYPES OF PRECIOUS METALS AND GEMS

Date: ......... month ........ year.......

Name of person delivering/receiving: ....

Unit: ....

Address: ....

Content of payment/return: ....

…………………………………………………………………………………………………………

Serial number	Name of item/Type/classification/quality classification	Unit of Measurement	Quantity	Weight	Size	Quality
(1)	(2)	(3)	(4)	(5)	(6)	(7)
	(*) The basis for budgeting expenses is based on the current regulations of the Ministry of Finance regarding travel expenses for civil servants and employees of the State going on short-term business trips abroad funded by the state budget.

 

Person Delivering/Receiving (Signature, full name)

Person Receiving/Paying (Signature, full name)

Note:

- In cases where precious metals and gems are received through physical inspection, the declaration form must have the signature of confirmation from the technical worker as stipulated in Clause 4, Article 11 of this Circular.

- Depending on the type/classification/quality classification of precious metals and gems as prescribed in Article 5 of this Circular to record appropriate data in columns (4) to (7).

 

ANNEX II[35]

MODEL RECEIPT AND DELIVERY RECORD
(Annexed to Circular No. 33/2025/TT-NHNN dated September 30, 2025 of the Governor of the State Bank of Vietnam)

NAME OF ADMINISTRATIVE AUTHORITY DIRECT NAME OF UNIT -------	SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ---------------
Number:     /BB

 

RECEIPT AND DELIVERY RECORD
Received... (1)...from...(2)

Today, date/month/year...at... (3)...

Reason and basis for delivery/receipt (according to decision/order/Contract/...) ...

Deliverer:

- Mr./Mrs.: ...Position: ...

- Unit: ...

- Address: ...

- Power of attorney number: ...

- ID/ID card/Passport number: ...

Receiver:

- Mr./Mrs....Position...ID/ID card/Passport number...

- Mr./Mrs....Position...ID/ID card/Passport number...

- Mr./Mrs....Position...ID/ID card/Passport number...

- Unit: ...

- Address: ...

Total amount delivered/received (in words): ...

Includes types:

Serial number	Name of item	Unit of Measurement	Quantity	Weight	Size	Quality	Remarks
(I)	(II)	(III)	(IV)	(V)	(VI)	(VII)	(VIII)
	(*) The basis for budgeting expenses is based on the current regulations of the Ministry of Finance regarding travel expenses for civil servants and employees of the State going on short-term business trips abroad funded by the state budget.

Method of delivery/receipt: ... (4)...

Other contents: ... (5)...

 

Deliverer (Signature, full name)	Head of delivery/receipt team (Or authorized representative) (Signature, full name)	Technical worker (if any) (Signature, full name)	Head of treasury (Signature, full name)
Accountant (Signature, full name)	Head of receiving unit (Stamp, sign, write full name)

Note:

(*) This model applies in cases of receiving precious metals and gems. In cases of delivering precious metals and gems, a Receipt and Delivery Record for export ...(1)...delivery ...(2)...is established, with the signatories on the receipt and delivery record being, in sequence: receiver, head of treasury, accountant, head of delivering unit. If no delivery/receipt team is formed, the signatories on the receipt/delivery record will be, in sequence: authorized deliverer (or receiver), receiver (or deliverer), accountant, head of delivering (or receiving) unit. If there is no technical worker, the section for the technical worker's signature will be left blank.

(**) Depending on the type/classification/quality classification of precious metals and gems as prescribed in Article 5 of this Circular to record appropriate data in columns (IV) to (VII).

(1) Specify the name/type of precious metals and gems imported/exported.

(2) Specify the name of the unit delivering/receiving precious metals and gems.

(3) Location of delivery/receipt.

(4) Physical inspection or original sealed or by ingot.

(5) In cases where precious metals and gems are received through physical inspection: specify the difference in quantity, quality, weight, size of precious metals and gems compared to the declaration form submitted by the deliverer; items that are not precious metals and gems are returned to the deliverer, the inspection method, and the name, serial number, measurement range, accuracy, date, month, year of inspection, calibration of the measuring instruments and tools used to classify, determine the weight, quality, and size of various types of precious metals and gems.

 

STATE BANK OF VIETNAM VIETNAM ____________ Number: 25/VBHN-NHNN   Place of Receipt: - SBV Leadership; - Office of the Government (for publication in the Official Gazette); - SBV’s Official Website; - To be filed at Office, PC3.

CERTIFIED CONSOLIDATED DOCUMENT   Hanoi, November 13, 2025   DIRECTOR DEPUTY DIRECTOR Doan Thai Son

 

 

^{__________________________________________}

[1] Circular No. 33/2025/TT-NHNN amends and supplements certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gems, based on the following grounds:

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

Pursuant to the Law on Credit Organizations No. 32/2024/QH15 amended and supplemented by Law No. 96/2025/QH15;

Pursuant to Decree No. 40/2012/NĐ-CP of the Government on currency issuance operations; storage and transportation of valuable assets and securities within the State Bank system, credit institutions, and foreign bank branches;

Pursuant to Decree No. 24/2012/NĐ-CP of the Government on gold business management, amended and supplemented by Decree No. 232/2025/NĐ-CP of the Government;

Pursuant to Decree No. 26/2025/NĐ-CP of the Government stipulating the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;

At the proposal of the Director of the Issuance and Treasury Department;

The Governor of the State Bank of Vietnam hereby promulgates this Circular amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN of the Governor of the State Bank of Vietnam on classification, packaging, and delivery of precious metals and gems.”

[2] This clause has been amended according to Article 1 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gems, which takes effect from November 15, 2025.

[3] This clause has been amended according to Clause 1, Article 2 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gems, which takes effect from November 15, 2025.

[4] This clause has been repealed according to Clause 2, Article 2 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gems, which takes effect from November 15, 2025.

[5] This clause has been amended according to Article 3 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gems, which takes effect from November 15, 2025.

[6] This point has been amended according to Clause 1, Article 4 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gems, which takes effect from November 15, 2025.

[7] This point has been amended according to Clause 2, Article 4 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gems, which takes effect from November 15, 2025.

[8] This point has been amended according to Clause 1, Article 5 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gems, which takes effect from November 15, 2025.

[9] This point has been amended according to Clause 2, Article 5 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gems, which takes effect from November 15, 2025.

[10] This clause is amended in accordance with Clause 1, Article 6 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[11] This clause is amended in accordance with Clause 2, Article 6 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[12] This clause is amended in accordance with Clause 3, Article 6 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[13] This clause is added in accordance with Clause 4, Article 6 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[14] This clause is added in accordance with Clause 4, Article 6 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[15] This clause is amended in accordance with Clause 1, Article 7 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[16] This point is amended in accordance with Clause 2, Article 7 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[17] This clause is amended in accordance with Article 8 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[18] This provision is amended in accordance with Article 9 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[19] This clause is amended in accordance with Article 10 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[20] This clause is amended in accordance with Clause 1, Article 11 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[21] This clause is amended in accordance with Clause 2, Article 11 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[22] This clause is amended in accordance with Clause 3, Article 11 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[23] This clause is added in accordance with Clause 4, Article 11 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[24] This clause is amended in accordance with Clause 5, Article 11 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[25] This clause is amended in accordance with Clause 1, Article 12 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[26] This clause is amended in accordance with Clause 2, Article 12 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[27] This clause is added in accordance with Clause 3, Article 12 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[28] This clause is amended in accordance with Clause 4, Article 12 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, and delivery of precious metals and gemstones, which shall take effect from November 15, 2025.

[29] Article 17 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, delivery, and receipt of precious metals and gemstones shall take effect from November 15, 2025, and is stipulated as follows:

"Article 17. Implementation Provisions

1. This Circular takes effect from November 15, 2025.

2. The heads of relevant units under the State Bank, credit institutions, foreign bank branches, and related organizations and individuals are responsible for organizing the implementation of this Circular."

[30] This point has been amended according to Clause 1, Article 13 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, delivery, and receipt of precious metals and gemstones, which shall take effect from November 15, 2025.

[31] This clause has been amended according to Clause 2, Article 13 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, delivery, and receipt of precious metals and gemstones, which shall take effect from November 15, 2025.

[32] This clause has been amended according to Clause 1, Article 14 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, delivery, and receipt of precious metals and gemstones, which shall take effect from November 15, 2025.

[33] This clause has been amended according to Clause 2, Article 14 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, delivery, and receipt of precious metals and gemstones, which shall take effect from November 15, 2025.

[34] This provision has been amended according to Article 15 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, delivery, and receipt of precious metals and gemstones, which shall take effect from November 15, 2025.

[35] This annex has been replaced according to Article 16 of Circular No. 33/2025/TT-NHNN amending and supplementing certain provisions of Circular No. 17/2014/TT-NHNN on classification, packaging, delivery, and receipt of precious metals and gemstones, which shall take effect from November 15, 2025.