Circular No. 422/TTg stipulates on the storage and use of precious metal and gemstone objects by state agencies and enterprises to protect national assets. This document requires units to inventory, report, and comply with technical standards in management.
Scope of application
State agencies and enterprises
Key points
- State agencies and enterprises must inventory and report the storage of precious metal and gemstone objects to financial authorities, the State Bank, and the Public Security (Article 1).
- Must establish internal regulations for preservation and usage procedures that meet technical standards to prevent loss or damage (Article 2).
- Historical artifacts made of precious metals and gems must display models instead of original items; in cases where original items are displayed, strict protection plans are required (Article 3).
- Damaged objects no longer usable must be resold to the State Bank for recovery of valuable materials (Article 2).
- Museums may only retain necessary historical artifacts, with the remainder handed over to the State Bank for storage (Article 3).
🌐 Social impact of this document
- To protect national assets from loss and damage.
- Strengthen financial management of precious objects owned by state agencies and enterprises.
- Original display of historical artifacts may be restricted to ensure safety.
❓ Frequently asked questions
Which entities must comply with this Circular?
All state agencies and enterprises holding precious metal and gemstone objects must comply.
Which entity is responsible for managing damaged valuable assets?
The State Bank will recover valuable materials from objects that are no longer usable (Article 2).
What regulations govern the display of historical artifacts made of precious metals and gems?
Must display models instead of original items; in cases where original items are displayed, strict protection plans are required (Article 3).
Which entity is responsible for inventorying and reporting storage?
State agencies and enterprises must report to financial authorities, the State Bank, and the Public Security (Article 1).
How should objects no longer needed be handled?
Report to financial authorities and hand over items to the State Bank for storage (Article 1).
Full text
CIRCULAR
OF THE PRIME MINISTER GOVERNMENT DECREE NO. 422/TT, DATED NOVEMBER 25, 1961 REGULATING THE STORAGE AND USE OF PRECIOUS METAL OBJECTS AND GEMSTONES FOR STATE ORGANIZATIONS AND ENTERPRISES
Currently, due to operational needs, some state organizations and enterprises are storing precious metal objects and gemstones such as gold, silver, platinum, diamonds, jade...
To prevent loss, preserve properly, and avoid improper use leading to deterioration and damage of state property, the Prime Minister stipulates principles for the storage and use of precious metal objects and gemstones as follows:
1- State organizations and enterprises storing precious metal objects and gemstones must inventory them and report to financial agencies, the State Bank, and the Police for monitoring in managing state assets.
For items no longer needed to be stored, they should be reported to financial agencies and handed over to the State Bank for storage.
2- Organizations and enterprises storing precious metal objects and gemstones must establish internal regulations on preservation and usage procedures according to technical standards to prevent loss and damage as follows:
- Regarding preservation: there must be secure storage facilities, protective measures in place, entrusted to trustworthy individuals with defined responsibilities, and procedures for inventory entry and exit and movement of items.
- Regarding use: necessary technical processes should be established. Anyone using these precious objects must comply with the regulations.
Damaged items no longer usable must be sold back to the State Bank to recover valuable materials.
3- For historical artifacts made of precious metals and gemstones, which are preserved by museums for public display, models should be displayed instead of original pieces. If displaying original pieces is necessary, strict protection plans must be implemented. In cases where there are many such items, the museum only needs to keep a necessary number, with the rest handed over to the State Bank for storage.
Based on these regulations, relevant Ministries should study and develop guidance plans for organizations and enterprises in their sectors to implement them.
SIGNATURE OF THE PRIME MINISTER
DEPUTY PRIME MINISTER
Phạm Hùng
Download
The original file of this document is being updated. Please read the full text and check back later.
Relations map
Click a document to open. A red border = a relation that changes validity.
Translations
This document is available in the following languages: