Hanoi-Vietnam: Guidelines for determining the quantity and weight of precious metals or jewels

19:45, 10/07/2024

Recently, the State Bank of Vietnam has signed for promulgating Circular 17/2014/TT-NHNN stipulating the classification, packaging, and delivery of precious metals or jewels in Vietnam.

To determine the quantity, weight, and size of precious metals and jewels, based on Circular 17/2014/TT-NHNN, the specific regulations are updated as follows:

Determining Quantity:

- Countable Type: Count by units of bars, leaves, pieces, nuggets, chunks, and fragments.- Uncountable Type (granules, beads, powder): Determine by items and bundles.

Determining Weight and Size:

- Types of Precious Metals: Determine weight by legal measurement units such as kilograms (kg), grams (g), milligrams (mg), or tael, mace, phan.

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1 phan =	1	mace =	1	tael = 0.375 mg
	10		100

- Types of jewels: Determine weight by carat (ct), 01ct = 0.2 g = 200 mg; determine diameter and size of pearls by millimeters (mm).

- Types of Jewelry or Fine Art Items attached with jewels that enhance the value of the item compared to the value after detaching the item from the gemstone; during the inspection, the shape must be kept intact, and the combined weight of the item must be measured, then the weight of each component must be determined.

More details can be found in Circular 17/2014/TT-NHNN, effective from September 15, 2015.

- Thu Ba -

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