At the press conference announcing the results of monetary policy and banking operations in the first quarter of 2026 on the afternoon of April 14, Mr. Dao Xuan Tuan - Director of the Foreign Exchange Management Department (State Bank) said that this agency has received 11 applications for production licenses for gold bars from businesses and commercial banks.
Currently, the State Bank is coordinating with relevant ministries and sectors to consider licensing eligible units. After being licensed to produce gold bars, these units will continue to be considered for import licenses for raw gold materials according to regulations.
The addition of licensed units to produce gold bars and import raw materials is expected to contribute to increasing supply in the coming time, thereby supporting market stabilization and narrowing the gap between domestic and world gold prices.
According to Mr. Dao Xuan Tuan, the receipt of dossiers was implemented after the Government issued Decree No. 232/2025/ND-CP dated August 26, 2025 (effective from October 10, 2025), amending and supplementing Decree 24/2012/ND-CP on gold market management. Accordingly, the mechanism for licensing gold bar production is adjusted in a strict and controlled direction to ensure market stability, operation transparency and compliance with legal regulations.
Mr. Dao Xuan Tuan added that the licensing process is carried out on the basis of close coordination between ministries and sectors, with the organization of meetings to thoroughly review technical standards, in order to ensure transparency and compliance with regulations. This inter-sectoral coordination is expected to accelerate the processing of dossiers and soon create real changes in the market.
Regarding the diễn biến of gold prices, Deputy Governor of the State Bank of Vietnam Pham Thanh Ha said that in the first 3 months of 2026, gold prices fluctuated at a high level, affected by factors such as geopolitical tensions, military conflicts and increased strategic competition globally.
The State Bank will continue to closely monitor the developments of the domestic and international gold market, implement the regulations in Decree 24/2012/ND-CP (amended and supplemented), and at the same time coordinate with relevant agencies to strengthen management and have measures to stabilize the gold market according to its authority.
