Procedure for Issuance and Adjustment of Certificates of Eligibility for Gold and Jewelry Production

The State Bank has issued regulations in Circular 38/2015/TT-NHNN amending and supplementing Circular 16/2012/TT-NHNN dated May 25, 2012, of the Governor of the State Bank of Vietnam, guiding certain articles of Decree 24/2012/ND-CP on the management of gold trading activities issued on December 31, 2015, related to the procedures for granting and adjusting Certificates of Eligibility for gold production, jewelry, and fine arts.

To be specific:, Circular 38/2015/TT-NHNN stipulated procedures for issuing and adjusting the Certificate of eligibility for gold, jewelry, and fine art production as follows:

- Enterprises wishing to produce gold jewelry, fine art, and enterprises wishing to import raw gold materials for processing gold jewelry and fine art for foreign countries shall directly submit or send by post one dossier to the State Bank branch of the province or city where the enterprise is headquartered.- When there are changes related to the content of the Certificate of eligibility for producing gold jewelry, fine art, or the License for temporary import of raw gold materials for re-export of products, the enterprise must carry out procedures to adjust the Certificate or License. The enterprise shall directly submit or send by post one dossier to the State Bank branch of the province or city where the enterprise is headquartered.- …

For detailed procedures, see Circular 38/2015/TT-NHNN effective from February 15, 2016.

-Khanh Chi-

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