End the monopoly mechanism on gold bar production

The notable content of Decree 232 is the abolition of Clause 3, Article 4 of Decree 24/2012/ND-CP, eliminating the State's monopoly mechanism on the production of gold bars, export of raw gold and import of raw gold to produce gold bars.

Accordingly, gold bars are gold products pressed into bars or pieces, stamped with the symbol, weight, quality and brand of the enterprise or commercial bank licensed by the State Bank of Vietnam (SBV). To participate, enterprises must meet the minimum charter capital of VND1,000 billion, and commercial banks must have a minimum of VND50,000 billion.

Customers visit and shop at the store of the gold, silver and gemstone brand PNJ. (Illustration photo)

In addition, the decree also stipulates that gold transactions worth VND20 million or more in one day by the same customer must be conducted through a bank account.

When selling raw gold purchased from enterprises, commercial banks must create and use electronic invoices in accordance with the provisions of law; store complete and accurate data on raw gold sales transactions; and connect to provide information to the State Bank.

In addition, Decree 232 stipulates that enterprises and credit institutions engaged in the business of buying and selling gold bars are responsible for publicly posting the buying and selling prices of gold bars at the transaction location or on the electronic information page and connecting to provide information on the listed prices to the State Bank.

Source: https://baodaklak.vn/kinh-te/202508/cham-dut-co-che-doc-quyen-san-xuat-vang-mieng-f6502bd/