Enterprises with a capital of VND 1,000 billion are considered for a Gold bar Production License

The Lao Dong Newspaper Legal Consulting Office replied:

Clause 7, Article 1 of Decree No. 232/2025/ND-CP (effective from October 10, 2025) stipulates amending and supplementing a number of articles of Decree No. 24/2012/ND-CP dated April 3, 2012 of the Government on the management of gold trading activities as follows:

Article 11a. Conditions for granting a Gold bar Production License

1. Enterprises are considered by the State Bank for a Gold bar production license if they meet the following conditions:

a) Having a Business License to buy and sell gold bars;

b) Have a charter capital of VND 1,000 billion or more;

c) Not subject to administrative sanctions for gold trading activities or subject to administrative sanctions for gold trading activities but have completed remedial measures according to the Decision on administrative sanctions, recommendations with a deadline in the Inspection and Inspection Conclusion of competent state agencies (if any);

d) Having internal regulations on the production of gold bars including basic contents such as raw material import process; gold bar production process; production supervision process; product quality control process.

Thus, from October 10, 2025, enterprises that want to be granted a Gold bar Production License must meet the above regulations.