Before December 15 every year, gold import quota will be granted.

Before December 15 every year, the State Bank will issue quotas for the import and export of raw gold after synthesizing the needs of the units.

Enterprises and banks licensed to trade in gold bars must connect and provide listed prices to the State Bank by the end of this year at the latest - Photo: PQ

The State Bank will grant gold import quotas according to specific criteria.

The State Bank has just announced a draft circular guiding Decree No. 24/2012 (amended and supplemented by Decree No. 232/2025) on the management of gold trading activities.

The Circular takes effect from October 10, 2025.

Accordingly, the State Bank of Vietnam is the agency responsible for establishing the total annual gold import and export limit based on macroeconomic factors such as: monetary policy targets, domestic gold supply and demand, the scale of state foreign exchange reserves, etc.

Based on the total determined limit, the State Bank grants annual gold import and export quotas to each enterprise and commercial bank.

The allocation of limits is carried out according to specific criteria such as charter capital scale, past performance of gold bar and raw gold import and export activities (if any) as well as the actual needs of each unit.

The draft circular also stipulates the establishment of a Council to develop and adjust gold export and import limits decided by the Governor of the State Bank.

The council's task is to advise the Governor in deciding and adjusting the total gold import and export limit as well as allocating annual limits to each relevant organization.

The deadline for completing the entire process of building and allocating gold import and export limits is before December 15 every year, creating favorable conditions for businesses to proactively plan for the next fiscal year.

Must connect gold buying and selling information with the State Bank

In addition, the circular also stipulates that businesses and banks licensed to trade in gold bars must connect and provide listed prices to the State Bank by the end of this year at the latest.

These units must also connect information including trading volume, transaction value... with the State Bank. Parties that are allowed to produce, export and import gold bars and raw gold must provide additional information about input materials, production time, output products... to the State Bank.

The deadline for information connection is March 31st of next year.

On August 26, the Government issued Decree No. 232 amending and supplementing a number of articles of Decree No. 24 on gold trading management, thereby officially removing the monopoly on gold bar production after 13 years.

From now on, not only SJC Company is allowed to produce gold bars, but qualified businesses and commercial banks are also licensed to produce gold bars.

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Source: https://tuoitre.vn/truoc-ngay-15-12-hang-nam-se-cap-quota-nhap-vang-20250929215126203.htm