Does the bank have branches in 8 provinces and cities eligible for gold bullion trading in Vietnam?

Does the bank have branches in 8 provinces and cities eligible for gold bullion trading in Vietnam?

Pursuant to Clause 2, Article 11 of Decree 24/2012/ND-CP stipulating conditions for obtaining the License to trade gold bars as follows:

2. Credit institutions are eligible for the License to trade gold bars when the following conditions are satisfied:

a) Having charter capital of 3,000 (three thousand) billion VND and above.

b) Having registered gold business.

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

Thus, in case your bank wants to be considered for a License to trade gold bars when it meets all the conditions, it must have a branch network in Vietnam from 5 provinces or more.

In your case, you already have branches in 8 provinces and cities, so you have met this requirement, so if you meet the remaining requirements, you will be considered for a License to trade gold bars in Vietnam.

Application for License for gold bullion trading submitted by a credit institution in Vietnam

According to Clause 5, Article 1 of Circular 38/2015/TT-NHNN stipulating the application for License for gold bullion trading submitted by a credit institution as follows:

2. An application for License for gold bullion trading submitted by a credit institution includes:

a) An application form for issuance of the License for gold bullion trading (using the template provided in the Appendix 3 enclosed herewith);

b) The list of locations registered as gold bullion trading locations (head office, branches or business locations);

c) A Certificate of enterprise registration or Certificate of branch registration and documents proving that locations registered as gold bullion trading locations according to the list mentioned in Point b of this Clause have been registered in accordance with regulations of law.

Best Regards!