Must report daily sales of gold bars

The above request is made in Circular No. 34/2025/TT-NHNN guiding a number of articles of Decree No. 24/2012/ND-CP dated April 3, 2012 of the Government on management of gold trading activities, amended and supplemented by Decree No. 232/2025/ND-CP recently issued by the State Bank of Vietnam (SBV).

This Circular takes effect from October 10, 2025, and is issued to provide guidance on the issuance, amendment, supplementation, and revocation of Certificates and Licenses for gold jewelry and fine art production activities, gold bar trading and trading activities, gold bar production activities, gold import and export activities; the issuance of gold import and export limits; the connection and provision of information of enterprises and credit institutions engaged in gold trading activities and the reporting regime as prescribed.

Photo: HT

The Circular stipulates the establishment of a Council for the development and adjustment of gold export and import limits. The Council is chaired by a Deputy Governor of the State Bank of Vietnam (SBV).

Based on the monetary policy objectives and gold supply-demand in each period, the scale of state foreign exchange reserves, the situation of gold bar export, gold bar import, and raw gold import, the State Bank shall establish and adjust the total annual limit for gold bar export, gold bar import, and raw gold import of enterprises and commercial banks.

Based on the total annual limit, the State Bank shall grant and adjust the annual limit for each enterprise and commercial bank according to the charter capital scale; the situation of gold bar export, gold bar import, raw gold import (if any); the situation of using imported raw gold according to the purpose in the Import License and the needs of the enterprise and commercial bank.

The deadline for establishing and granting gold export and import limits is no later than December 15 every year.

No later than November 15 of the year immediately preceding the year of request for a limit, enterprises and commercial banks that need to be granted a limit for gold bar export, gold bar import, and raw gold import for the following year must submit a set of documents to the State Bank.

Before December 15 every year, based on the total annual limit, the State Bank shall grant limits for gold bar export, gold bar import, and raw gold import to enterprises and commercial banks.

Also according to the above circular, enterprises and credit institutions that are granted a Business License to buy and sell gold bars must connect and provide information to the State Bank. This information includes citizen identification information, business tax code, volume of gold bars bought and sold and value of gold bar buying and selling transactions.

The above units must make daily reports on gold bar sales and purchases. The deadline for submitting daily periodic reports is no later than 2:00 p.m. on the working day following the reporting date.

The time to start implementing the connection of this information to the State Bank is no later than March 31, 2026.

Enterprises and credit institutions that are granted a Business License to buy and sell gold bars must publicly post the buying and selling prices of gold bars at the business location, where they buy and sell gold bars, or on the electronic information page.

Units must connect to provide information on this listed price to the State Bank according to the State Bank's instructions.

The time to start connecting and providing information of enterprises and credit institutions that are granted Business Licenses to buy and sell gold bars at listed prices to the State Bank must be no later than December 31, 2025...

Source: https://hanoimoi.vn/phai-bao-cao-doanh-so-kinh-doanh-mua-ban-vang-mieng-hang-ngay-719189.html