Which industry code should be registered for retail of silver jewelry in a specialized store?

Based on Appendix II of the contents of the Vietnam economic sector system issued with Decision 27/2018/QD-TTg, which stipulates:

47732: Retail sale of gold, silver, precious and semi-precious stones, jewelry in specialized stores

This group includes:

- Retail sale of gold, silver, precious and semi-precious stones;

Retail sale of jewelry made of gold, silver, precious and semi-precious stones.

As such, the retail sale of jewelry made of silver in specialized stores falls under industry code 47732. However, this is a five-digit economic sector code.

Clause 1, Article 7, Decree 01/2021/ND-CP stipulates:

When registering to establish an enterprise, when notifying the addition or change of business lines, or when applying for a conversion to the Enterprise Registration Certificate, the founder of the enterprise or the enterprise must choose the four-digit economic sector code in the Vietnam economic sector system to write the business lines on the Enterprise Registration Application, the Notice on changes to the enterprise registration content, or the application for the conversion to the Enterprise Registration Certificate. The business registration authority shall guide, compare, and record the business lines of the enterprise into the National Database on enterprise registration.

Accordingly, when registering to establish an enterprise, it is required to choose the four-digit economic sector code in the Vietnam economic sector system to record the business lines. The four-digit economic sector code in this case is 4773: Retail sale of other new goods in specialized stores.

Therefore, when registering for this business line, you should record as follows:

4773: Retail sale of other new goods in specialized stores

Details: Retail sale of jewelry made of silver

Sincerely!