Circular No. 29/2019/TT-NHNN amends and supplements certain provisions of Circular No. 16/2012/TT-NHNN dated May 25, 2012, issued by the Governor of the State Bank of Vietnam guiding certain provisions of Decree No. 24/2012/NĐ-CP dated April 3, 2012, of the Government on the management of gold trading activities.

Circular No. 29/2019/TT-NHNN amends and supplements certain regulations on the management of gold trading activities, specifically regarding the adjustment of information on the Gold Bullion Purchase and Sale License and periodic reports. This Circular applies to enterprises and credit institutions engaged in gold trading activities.

Document No.29/2019/TT-NHNN
Document typeCircular
Issuing authorityState Bank of Vietnam
Signed byNguyễn Thị Hồng — Phó Thống đốc
Updated23/06/2026
SectorBanking
FieldInspectionBanking Supervision
Issued date27/12/2019
Effective date12/02/2020
Expiry date10/10/2025
StatusExpired
✦ Smart summary

Circular No. 29/2019/TT-NHNN amends and supplements certain regulations on the management of gold trading activities, specifically regarding the adjustment of information on the Gold Bullion Purchase and Sale License and periodic reports. This Circular applies to enterprises and credit institutions engaged in gold trading activities.

Scope of application

Enterprises and credit institutions engaged in gold trading activities.

Key points

  • shall submit an application for adjustment of the Gold Bullion Purchase and Sale License when there is a change in information.
  • The deadline for completing the procedure to adjust the Gold Bullion Purchase and Sale License is thirty days from the date of the change in business information.
  • Enterprises must submit quarterly and annual periodic reports to the State Bank of Vietnam branch managing the province or city according to the regulations.
  • The deadlines for submitting periodic reports are as follows: daily periodic report not later than 14:00 on the next working day; monthly periodic report not later than the fifth day of the following month; quarterly periodic report not later than the fifteenth day of the first month of the following quarter; annual periodic report not later than January 15th of the following year.
  • This Circular abolishes some old provisions and adds new Appendices.

🌐 Social impact of this document

  • Enterprises will have to comply with the regulations on adjusting information on the Gold Bullion Purchase and Sale License, thereby increasing the workload of management.
  • The State Bank of Vietnam has additional grounds to monitor and manage gold trading activities more strictly.

❓ Frequently asked questions

What should enterprises do when there is a change in information on the Gold Bullion Purchase and Sale License?

Enterprises that have been granted the Gold Bullion Purchase and Sale License and whose information changes must submit an application for adjustment to the State Bank of Vietnam.

What is the deadline for submitting periodic reports?

Enterprises must submit daily periodic reports not later than 14:00 on the next working day, monthly periodic reports not later than the fifth day of the following month, quarterly periodic reports not later than the fifteenth day of the first month of the following quarter, and annual periodic reports not later than January 15th of the following year.

To whom does this Circular apply?

This Circular applies to enterprises and credit institutions engaged in gold trading activities.

What is the deadline for submitting quarterly periodic reports?

Enterprises must submit quarterly periodic reports not later than the fifteenth day of the first month of the following quarter.

When does this Circular take effect?

This Circular takes effect from February 12, 2020.

Full text

CIRCULAR

Amending and supplementing some articles of Circular No. 16/2012/TT-NHNN dated May 25, 2012, issued by the Governor of the State Bank of Vietnam guiding certain provisions of Decree number 24/2012/NĐ-CP April 3, 2012

of At the proposal of on managing gold trading activities

Pursuant to the Law on the State Bank of Vietnam dated June 16, 2010;

Pursuant to the Law on Credit Institutions dated June 16, 2010, and the Law Amending and Supplementing Certain Provisions of the Law on Credit Institutions dated November 20, 2017;

Pursuant to Government Decree No. 16/2017/NĐ-CP dated February 17, 2017 on the functions, tasks, powers, and organizational structure of the State Bank of Vietnam;

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 Department of Foreign Exchange Management;

The Governor of the State Bank of Vietnam issues this Circular to amend and supplement some Articles of Circular No. 16/2012/TT-NHNN dated May 25, 2012, guiding certain provisions of Government Decree No. 24/2012/NĐ-CP dated April 3, 2012, on gold business management (hereinafter referred to as Circular No. 16/2012/TT-NHNN).

Article 1. Amend and supplement some Articles of Circular No. 16/2012/TT-NHNN as follows:

1. Add Article 9a as follows:

"Article 9a. Documents for requesting adjustment of the License for Gold Bar Trading

When there is a change in the information about the enterprise or credit institution on the License for Gold Bar Trading, the enterprise or credit institution shall submit documents for requesting adjustment of the License for Gold Bar Trading to the State Bank of Vietnam, including:

1. A document proposing changes in the information about the enterprise or credit institution on the License for Gold Bar Trading.

2. Business registration certificate."

2. Add Article 15a as follows:

"Article 15a. Procedures for adjusting the License for Gold Bar Trading When there is a change in the information about the enterprise or credit institution on the License for Gold Bar Trading, within thirty days from the date of such change, the enterprise or credit institution shall carry out the procedures for adjusting the License for Gold Bar Trading as follows:

1. The enterprise or credit institution shall directly send or send through postal service one set of documents in accordance with Article 9a of this Circular to the State Bank of Vietnam;

b) Within seven working days from the date of receiving complete and valid documents, the State Bank of Vietnam shall issue a Decision to adjust the License for Gold Bar Trading.

2. The Decision to adjust the License for Gold Bar Trading is an integral part of the License for Gold Bar Trading."

3. Article 19 is amended and supplemented as follows:

"Article 19. Reporting Responsibilities of the State Bank Branches at Provincial and Municipal Levels

1. Quarterly and annually, the State Bank Branches at provincial and municipal levels shall compile reports to the Governor of the State Bank of Vietnam (through the Department of Foreign Exchange Management) on the management of gold trading activities in their respective areas (in accordance with Appendix No. 12 of this Circular).

b) For annual reports: no later than January 20 of the following year."

2. The deadlines for submitting periodic reports as stipulated in Clause 1 of this Article are as follows:

a) For quarterly reports: no later than the twentieth (20th) day of the first month of the subsequent quarter.

4. Add Clause 1a to Article 20 as follows:

"1a. Quarterly, enterprises and credit institutions that have been granted the License for Gold Bar Trading, if they implement adjustments to the trading locations (including changes in the name and address of the trading location, addition of new trading locations, termination of trading activities at locations already licensed, or report to the State Bank in accordance with this Circular), shall submit reports on the adjustments to the trading locations that occurred during the reporting period (in accordance with Appendix No. 10b of this Circular), specifically as follows:

a) Enterprises and credit institutions shall submit the system-wide report to the State Bank of Vietnam (Department of Foreign Exchange Management) and the State Bank Branches at provincial and municipal levels where the main office is located;"

5. Point a Clause 2 Article 20 (amended at Clause 20 Article 1 of Circular No. 38/2015/TT-NHNN dated December 31, 2015, issued by the Governor of the State Bank of Vietnam to amend and supplement some articles of Circular No. 16/2012/TT-NHNN) is amended and supplemented as follows:

b) Enterprises and credit institutions shall submit a report on branches or transaction offices with changes to the State Bank branch in the province or city where such branches or transaction offices are located."

"a) Enterprises granted the Certificate of Eligibility for Precious Jewelry and Artistic Gold Production Activities shall report on their precious jewelry and artistic gold production activities (according to the form in Appendix No. 11 of this Circular)."

6. Clause 4 Article 20 (amended at Clause 20 Article 1 of Circular No. 38/2015/TT-NHNN dated December 31, 2015, issued by the Governor of the State Bank of Vietnam to amend and supplement some articles of Circular No. 16/2012/TT-NHNN) is amended and supplemented as follows:

"4. The deadlines for submitting periodic reports stipulated in Clauses 1, 1a, 2, and 3 of this Article are as follows:

a) For daily periodic reports: no later than 14:00 on the next working day of the reporting day;

b) For monthly periodic reports: no later than the fifth day of the following month;

c) For quarterly periodic reports: no later than the fifteenth day of the first month of the following quarter;

d) For annual periodic reports: no later than January 15 of the following year."

7. Add Appendix No. 10b to the Appendices accompanying Circular No. 16/2012/TT-NHNN.

8. Replace Appendices No. 11 and No. 13 accompanying Circular No. 16/2012/TT-NHNN (already replaced at Clause 3 Article 2 of Circular No. 38/2015/TT-NHNN dated December 31, 2015, issued by the Governor of the State Bank of Vietnam to amend and supplement some articles of Circular No. 16/2012/TT-NHNN) with Appendices No. 11 and No. 13 accompanying this Circular.

From the effective date of this Circular, enterprises and credit institutions that have been granted the License for Gold Bar Trading before the effective date of this Circular, when implementing changes in the name and address of the trading location, adding new trading locations, terminating trading activities at locations already licensed, do not need to go through the procedure for adjusting the License for Gold Bar Trading but shall follow the provisions of Clause 4 Article 1 of this Circular.

Article 2. Transitional Provisions

The Director of the Office, Heads of Departments under the State Bank of Vietnam, Heads of Units under the State Bank of Vietnam, Governors of State Bank Branches at provincial and municipal levels directly under the Central Government, Chairmen of the Board of Directors, Chairmen of the Board of Members, General Managers (Directors) of credit institutions, and enterprises engaged in gold trading operations are responsible for organizing the implementation of this Circular.

This Circular takes effect from December 25, 2025/.

1. This Circular takes effect from February 12, 2020.

Article 4. Effective date

2. Repeal Clause 7, Clause 14 Article 1 and Appendices No. 3a, No. 3b, No. 12a, and No. 22 accompanying Circular No. 38/2015/TT-NHNN dated December 31, 2015, issued by the Governor of the State Bank of Vietnam to amend and supplement some articles of Circular No. 16/2012/TT-NHNN.

2. REPEAL Clause 7, Clause 14 of Article 1 and Appendix number 3a, Appendix number 3b, Appendix number 12a, Appendix number 22 promulgated together with Circular number 38/2015/TT-NHNN dated December 31, 2015 of the Governor of the State Bank of Vietnam amending and supplementing certain Articles of Circular 16/2012/TT-NHNN.

3. Repeal Clause 3 and Clause 4 of Article 1 of Circular No. 03/2017/TT-NHNN dated June 6, 2017, issued by the Governor of the State Bank of Vietnam to amend and supplement certain articles of Circular No. 16/2012/TT-NHNN./.

Original document (PDF)

Open PDF in a new tab ↗

Relations map

29/2019/TT-NHNN
Circular No. 29/2019/TT-NHNN amends and supplements certain provisions of Circular No. 16/2012/TT-NHNN dated May 25, 2012, issued by the Governor of the State Bank of Vietnam guiding certain provisions of Decree No. 24/2012/NĐ-CP dated April 3, 2012, of the Government on the management of gold trading activities.
Expired

Click a document to open. A red border = a relation that changes validity.