Perfecting the legal basis and improving the effectiveness of solutions to develop the gold market

From a professional perspective, the Draft Circular regulates licensed credit institutions on gold bar trading and gold production, import and export activities, etc., to comply with the provisions of Decree 232/2025/ND-CP amending and supplementing a number of articles of Decree 24/2012/ND-CP on the management of gold trading activities of the Government (expanding the scope of regulation: gold bar production; gold bar import and export, etc.); at the same time, to ensure the safety of banking operations and improve the effectiveness of state management.

Hoàn thiện cơ sở pháp lý, nâng cao hiệu quả các giải pháp phát triển thị trường vàng

Specifically, regulations related to gold status limits, gold status maintenance, etc. will create conditions for credit institutions to clearly grasp and be proactive in using capital for gold bar production and trading activities; gold import and export according to regulations. Thereby, gold production, trading and gold import and export activities are carried out in accordance with regulations, safely and effectively; at the same time, helping credit institutions use their own capital reasonably, in accordance with the requirements of ensuring the safety of banking operations.

In addition, regulations on the basis for determining gold status and reporting instructions; implementation of the reporting regime will contribute to increasing publicity and transparency, while supporting management agencies in monitoring, supervision, inspection and examination. Thereby, ensuring gold trading activities comply with the law and supporting the development of the gold market in accordance with the Government's orientation.

Another important change is the regulations on gold status limits, the basis for determining gold status and implementation instructions... to comply with the new regulations in Decree 232, especially the permission for enterprises and credit institutions to produce, import and export gold bars...

Therefore, when the Circular is issued and officially takes effect, it will be meaningful in terms of policy completion, creating a unified legal basis for organizing the implementation of solutions on gold market development according to the Government Decree. This will contribute to creating conditions for promoting the effectiveness of policies on gold market development, meeting the requirements of economic and social growth and development.

Source: https://thoibaonganhang.vn/hoan-thien-co-so-phap-ly-nang-cao-hieu-qua-cac-giai-phap-phat-trien-thi-truong-vang-173510.html