View Procedure

Category

Procedure for licensing of export of gold

Responsible Agency

The State Bank of Vietnam

Legal basis of the Procedure                

• Decree No. 24/2012/ND-CP dated April 3, 2012 of the Government

• Circular No. 16/2012/TT-NHNN dated January 25, 2012 of the State Bank

Processing time

30 working days.

Fee

No

Type of documents

1

Application for granting gold bar trading license (Annex 2)

2

Certificate of registration as the business registered in gold trading;

3

Operation registration certificates of branches;

4

The tax office's certification on the paid tax amounts of gold trading activities in 2 (two) latest consecutive years.

Step 1

The enterprise having demand to trade in gold bars shall submit 1 (one) dossier set of prescribed papers to the State Bank (the Foreign Exchange Management Department).

Step 2

The State Bank (the Foreign Exchange Management Department) shall examine and appraise the dossier.

Step 3

Within 30 (thirty) working days after receiving a complete and valid dossier from the enterprise, the State Bank shall grant or refuse to grant (clearly stating the reasons) the gold bar trading license.

1. Being established and operated under law provisions.

2. Having the charter capital of 100 billion VND and above.

3. Having 2-year experience in gold trading or more.

4. Having paid the tax on gold business of 500 (five hundred) million VND/year or above during the two latest successive years (upon verification of the tax authority).

5. Having branches and sale offices in 3 (three) provinces and centrally-affiliated cities or more in Vietnam.