Procedure for Adjusting the License for Trading Gold Bars

Nguyen Trinh

16:38, 10/07/2024

Recently, the State Bank of Vietnam issued Circular 29/2019/TT-NHNN amending and supplementing several articles of Circular 16/2012/TT-NHNN, which provides guidance on several articles of Decree 24/2012/ND-CP on the management of gold trading activities.

Within 30 days from the date of any changes to the business information or credit institution on the Gold Bar Trading Business License, the enterprise or credit institution must submit directly or via postal service 01 set of application documents requesting an adjustment to the Business License, including the following documents, to the State Bank of Vietnam:

- A written request for change of business information or credit institution information on the Gold Bar Trading Business License;- Certificate of enterprise registration.

Within 07 working days from the date of receipt of a complete and valid application, the State Bank of Vietnam will issue a Decision adjusting the Gold Bar Trading Business License.

Note, the Decision adjusting the Gold Bar Trading Business License is an integral part of the Gold Bar Trading Business License.

More details can be found in: Circular 29/2019/TT-NHNN effective from February 12, 2020.

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