On the afternoon of December 29, information at the Q4 press conference of the State Bank of Vietnam (SBV), Mr. Dao Xuan Tuan - Director of the Foreign Exchange Management Department (SBV) said that implementing Decree 232 of the Government (effective from October 2025), the SBV has received 9 dossiers from businesses and commercial banks (CBs) registering for licenses to produce gold bars.
According to Mr. Tuan, the SBV is consulting with relevant ministries and sectors to consider licensing to ensure compliance with regulations. Notably, when these units are licensed to produce gold bars, the SBV will also study licensing them to import raw gold materials.
Regarding the establishment of the Gold Exchange, a representative of the SBV said that this agency is playing a focal role, closely coordinating with ministries and sectors to develop a project. Recently, the SBV has submitted a report requesting opinions from all parties and is summarizing it to report to the Prime Minister to select the most suitable exchange model for Vietnam's conditions.
Regarding gold market management, Deputy Governor Pham Thanh Ha informed that in the face of complex fluctuations in world gold prices, the SBV has synchronously implemented state management solutions for the gold market according to its authority, functions, and tasks.
In addition to submitting to the Government for promulgation Decree No. 232 amending and supplementing a number of articles of Decree No. 24/2012/ND-CP on management of gold business activities, the SBV has issued Circular No. 34/2025/TT-NHNN dated October 09, 2025 guiding the implementation of Decree 232/2025/ND-CP.
