Decree No. 64/2003/ND-CP Amending and Supplementing Decree No. 174/1999/NĐ-CP dated December 9, 1999 of the Government on Management of Gold Business Activities

Decree No. 64/2003/ND-CP amends and supplements the Decree on management of gold business activities. The amendments focus on abolishing the provisions regarding the authority to adjust the statutory capital requirement and changing the conditions for gold trading, production, and processing; issuing licenses for gold bar production; and regulations on gold import and export.

Số hiệu64/2003/NĐ-CP
Loại văn bảnDecree
Cơ quan ban hànhState Bank of Vietnam
Người kýPhan Văn Khải — Thủ tướng
Cập nhật30/06/2026
NgànhBanking
Lĩnh vựcUncategorized
Ngày ban hành11/06/2003
Ngày áp dụng16/07/2003
Ngày hết hiệu lực25/05/2012
Tình trạngExpired
✦ Tóm lược thông minh

Decree No. 64/2003/ND-CP amends and supplements the Decree on management of gold business activities. The amendments focus on abolishing the provisions regarding the authority to adjust the statutory capital requirement and changing the conditions for gold trading, production, and processing; issuing licenses for gold bar production; and regulations on gold import and export.

Đối tượng áp dụng

Organizations and individuals wishing to engage in gold business activities, gold jewelry and decorative art production and processing; enterprises registered to produce gold bars; organizations and individuals importing and exporting gold jewelry, decorative art, and raw materials.

Các điểm cốt lõi

  • Organizations and individuals wishing to engage in gold trading, production, and processing must register their business operations, have facilities and equipment meeting requirements, and skilled workers (Article 8)
  • Enterprises wishing to obtain a license for gold bar production must be registered for business operations in gold jewelry and decorative art production, have facilities and equipment meeting requirements, and qualified managers and workers (Article 9)
  • Import and export of gold jewelry and decorative art shall be carried out according to the enterprise's business registration certificate and legal regulations (Article 11)
  • Export and import of gold raw materials, gold sheets, wires, powder, solutions, solder flakes, gold salts, semi-finished gold jewelry products shall be carried out according to the enterprise's business registration certificate and legal regulations (Article 12)
  • Enterprises with gold mining permits are allowed by the State Bank of Vietnam to export gold raw materials in the form of gold dust, ingots, and post-mining smelted blocks (Article 12)

🌐 Tác động xã hội từ văn bản này

  • Positive impact: Reducing the burden of statutory capital and creating favorable conditions for enterprises engaged in gold business activities.
  • Negative impact: May lead to increased risk of money laundering and terrorist financing if not strictly managed.

❓ Câu hỏi thường gặp

What conditions are required for enterprises to produce gold bars?

To obtain a license for gold bar production, enterprises must be registered for business operations in gold jewelry and decorative art production, have facilities and equipment meeting requirements, and qualified managers and workers (Article 9).

What documents are required for organizations and individuals to import gold jewelry?

Organizations and individuals wishing to import gold jewelry must have a business registration certificate and comply with legal regulations (Article 11).

In what forms can enterprises export gold raw materials?

Enterprises are permitted to export gold raw materials in the form of sheets, wires, powder, solutions, solder flakes, gold salts, and semi-finished gold jewelry products (Article 12).

Are there any regulations on the import and export of gold for participation in exhibitions?

The import and export of gold jewelry and decorative art for participation in exhibitions and trade fairs shall be carried out according to the Government's regulations on trade fairs and exhibitions (Article 11).

What forms of gold raw materials can organizations and individuals engaged in gold business activities with foreign processing contracts import?

Organizations and individuals engaged in gold business activities with foreign processing contracts are allowed by the State Bank of Vietnam to import gold raw materials in the form of blocks, ingots, grains, and sheets (Article 12).

Toàn văn

THE GOVERNMENT

SOCIALIST REPUBLIC OF VIET NAM
Independence – Freedom – Happiness

Number: 64/2003/NĐ-CP
Hanoi, June 11, 2003

DECREE

Amending and supplementing Decree No. 174/1999/NĐ-CP dated December 9, 1999 on gold business managementof the Government

__________________

 

THE GOVERNMENT

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

Pursuant to the Law on the State Bank of Vietnam No. 01/1997/QH10 dated December 12, 1997;

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

DECREE:

Article 1. Amending and supplementing some articles of Decree No. 174/1999/NĐ-CP dated December 9, 1999 of the Government on gold business management as follows:

1. Repeal Article 7 on the authority to adjust the minimum capital requirement.

2. Amend Article 8 as follows:

"Article 8. Conditions and scope of gold business activities.

1. Organizations and individuals wishing to engage in gold buying and selling, production, and processing of gold jewelry and artworks must meet the following conditions:

a) Registering business in accordance with the law;

b) Having material and technical facilities and equipment that meet the requirements for gold buying and selling, production, and processing of gold jewelry and artworks;

c) Having skilled workers with the necessary expertise to meet the requirements for gold buying and selling, production, and processing of gold jewelry and artworks.

3. Amend Article 9 as follows:

"Article 9. Gold bar production Based on the monetary policy objectives for each period, the State Bank of Vietnam issues a permit for gold bar production to enterprises meeting the following conditions:

a) Being an enterprise registered to operate gold jewelry and artwork production;

b) Having material and technical facilities and equipment that meet the requirements for gold bar production;

c) Having managers and skilled workers with the necessary expertise to meet the requirements for gold bar production."

4. Amend Article 11 as follows:

"Article 11. Export and import of gold jewelry and artworks

1. The export and import of gold jewelry and artworks shall be carried out according to the business registration certificate of the enterprise and relevant regulations.

2. The export and import of gold jewelry and artworks for participation in exhibitions and trade fairs shall be carried out in accordance with the Government's regulations on trade fairs and exhibitions."

5. Amend and supplement Article 12 as follows:

"Article 12. Export and import of gold raw materials and gold bars

1. The export and import of gold raw materials in the form of sheets, wires, powder, solutions, soldered flakes, gold salts, and semi-finished gold jewelry products shall be carried out according to the business registration certificate of the enterprise and relevant regulations.

2. Based on the monetary policy objectives for each period, the State Bank of Vietnam permits enterprises registered for gold export and import to export and import gold raw materials in the form of blocks, ingots, grains, and bars.

3. Organizations and individuals engaged in gold business who have contracts for overseas gold processing may be permitted by the State Bank of Vietnam to import gold raw materials in the form of blocks, ingots, grains, and bars to fulfill their overseas processing contracts.

4. Enterprises with permits for gold mining operations may be permitted by the State Bank of Vietnam to export gold raw materials in the form of gold dust, ingots, and post-mining processed lumps."

Article 2. This Decree takes effect fifteen days from the date of its publication in the Official Gazette. The provisions of Decree No. 174/1999/NĐ-CP dated December 9, 1999, amended in Article 1 of this Decree, shall cease to be effective from the date this Decree takes effect.

Article 3. The State Bank of Vietnam is responsible for guiding the implementation of this Decree.

Article 4. The Ministers, Heads of Ministries equivalent to ministries, Heads of government agencies, and Chairmen of provincial people's committees directly under the central government shall be responsible for implementing this Decree./.

PRIME MINISTER
PRIME MINISTER
(Signed)
Phan Van Khai
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64/2003/NĐ-CP
Decree No. 64/2003/ND-CP Amending and Supplementing Decree No. 174/1999/NĐ-CP dated December 9, 1999 of the Government on Management of Gold Business Activities
Expired
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