The Governor of the State Bank of Vietnam (SBV) issued Decision No. 1529/QĐ-NHNN on July 20 to publicize revised administrative procedures under its jurisdiction. This Decision took effect from July 22, 2017.
Accordingly, the SBV officially released four revised administrative procedures in the forex field, which are implemented by the SBV, including (i) The procedure of requesting for certificate on trading gold bullion of enterprise, (ii) The procedure of requesting for certificate on trading gold bullion of credit institutions, (iii) The procedure of changing name and address of places for trading gold bullion, (iv) The procedure of adding places for trading gold bullion.
The SBV also announced two revised administrative procedures in the forex field, which are implemented by SBV municipal and provincial branches, namely (i) The procedure of requesting for certificate on being eligible for production of gold jewelry crafts; (ii) The procedure of requesting for certificate on being eligible for importing gold materials for enterprises with license of production of gold jewelry crafts.
These procedures are specified in Circular No. 03/2017/TT-NHNN dated June 6, 2017 to revise a number of articles in Circular No. 16/2012/TT-NHNN dated May 25, 2012 on guiding a number of articles of Decree No. 24/2012/NĐ-CP dated April 2, 2012 of the Government on the management of gold trading.
Le Hang