Vietnamese
As of October 10, 2025, Circular No. 34/2025/TT-NHNN officially takes effect, superseding all previous regulations governing the management of gold trading activities.
One of the most significant changes is the substantial reduction in the time limit for the issuance of licenses related to gold production and trading.
Type of license | New regulation (Circular No. 34/2025/TT-NHNN) | Previous regulation (Circular No. 16/2012/TT-NHNN) |
Certificate of eligibility for gold jewelry and fine art production | 20 working days from the date of receipt of a complete and valid application | 30 working days |
License for gold bar trading | 20 working days | 30 working days |
License for gold bar production | 30 working days | 45 working days |
License for temporary import and re-export of gold materials | 10 working days | 15 working days |
License for export or import of gold materials (for mining enterprises or FDI enterprises) | 10–15 working days | 20–30 working days |
In addition, Circular No. 34/2025/TT-NHNN introduces several other noteworthy provisions, including:
- Applications may be submitted online via the National Public Service Portal or the National Single Window Portal;
- Electronic applications must bear a valid digital signature;
- The State Bank of Vietnam or its Regional Branch must respond on the validity of the application within 03 working days from the date of receipt. (Previously, there was no specific regulation on the time limit for confirming application validity.)
