This Decree applies to organizations and individuals that carry out gold business in the territory of Vietnam and other agencies, organizations and individuals relating to gold business activities.

Principles of management

1. Organizations’ and individuals’ gold ownership is recognized and protected by law.

2. The State Bank is the agency that, on behalf of the Government, uniformly manages gold business activities in accordance with provisions of this Decree.

3. The State shall exclusively produce gold bars, export gold material and import gold material for production of gold bars.

4. The gold business must be managed in order to sustainably develop and stabilize the gold market, ensuring the production and processing of gold jewellery and fine arts to serve the domestic market and export in accordance with law provisions.

5. Organizations and individuals doing gold business must comply with this Decree and other relevant law provisions.

6. The purchase and sale of gold bars; the production of gold jewellery and fine arts are conditional business and must be permitted by the State Bank by issuing the License to trade gold bar or the Qualification certificate of gold jewellery and fine arts production.

7. The business of gold jewellery and fine arts is conditional and not subject to the qualification certificate of business.

8. Gold derivative activities made by commercial banks and branches of foreign banks must comply with Article 105 of the Law on credit institutions.

9. Gold business activities, except gold import and export, purchase and sale of domestic gold material by enterprises producing gold jewellery and fine arts and enterprises trading gold jewellery and fine arts and other activities stipulated in Clause 6, 7 and 8 of this Article, are those in the list of restricted goods and services. Organizations and individuals shall be only entitled to do gold business after being approved by the Prime Mister and licensed by the State Bank.

For further details, Please see a reference translation  at http://luatkhaiphong.com/Van-ban-Tieng-Anh/Decree-No.-24/2012/ND-CP-dated-April-03-2012-6582.html