Is a Gold Coin Considered Gold Bullion?
According to Article 3 of Decree 24/2012/ND-CP, the regulations are as follows:
Jewelry and fine art gold are gold products with a gold content of 8 karats (equivalent to 33.33%) or more, processed and crafted to serve the needs of jewelry and artistic decoration.
Gold bars are gold pressed into bars, imprinted with letters, numbers indicating weight, quality, and the trademark of the enterprise and credit institution permitted by the State Bank of Vietnam (hereinafter referred to as the State Bank) to produce or gold bars produced by the State Bank during certain periods.
Raw gold is gold in the form of blocks, ingots, grains, bars, and other types of gold.
Gold trading on accounts is gold trading through accounts, in the form of margin transactions, with the net value being continuously revalued according to the fluctuations of gold prices.
Thus, based on the above regulations, gold bars are gold pressed into bars, imprinted with letters, numbers indicating weight, quality, and the trademark. Raw gold, on the other hand, is gold in the form of blocks, ingots, grains, bars, and other types of gold. Therefore, gold coins are neither gold bars nor raw gold.
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