Sale and purchase of national precious objects must strictly comply with Vietnam’s regulations

According to Article 25 of Decree No. 98/2010/NĐ-CP of Vietnam’s Government, organization and operation of shops of vestiges, antiques and national precious objects are prescribed as follows:

1. The owner of a shop of vestiges, antiques and national precious objects must fully meet the following conditions:

- Being a Vietnamese citizen with a permanent residence address in Vietnam:

- Possessing a business practice certificate for vestiges, antiques and national precious objects;

- Having a shop with sufficient appropriate area for displaying vestiges, antiques and national precious objects;

- Having sufficient means for displaying. conserving and protecting vestiges, antiques and national precious objects.

2. A shop of vestiges, antiques and national precious objects must operate in compliance with the following provisions:

- Only trading in vestiges, antiques and national precious objects of lawful origin;

- Only trading in duplicates of vestiges, antiques and national precious objects of organizations and individuals licensed for duplication by competent state agencies defined in Article 23 of this Decree;

- Duplicates of vestiges, antiques and national precious objects on display for sale must be clearly indicated as such;

- Carrying out and guiding necessary procedures for buyers to register vestiges. antiques and national precious objects or apply for a license to bring abroad vestiges, antiques and national precious objects which are eligible to be sent abroad under the cultural heritage law;

- Observing the laws on registration books of bought and sold vestiges, antiques and national precious objects, finance and accounting books and tax payment obligations.

View more details at Decree No. 98/2010/NĐ-CP of Vietnam’s Government, effective from November 06, 2010.

Nguyen Phu

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