SBV receives applications from nine firms seeking gold bar production licenses
VOV.VN - The State Bank of Vietnam (SBV) has received applications from nine enterprises seeking licenses to produce gold bars, said Dao Xuan Tuan, Head of the SBV’s Foreign Exchange Management Department at a press briefing on banking sector performance in 2025 and tasks for 2026, held in Hanoi on December 29.
The applications were submitted after the Government issued Decree No. 232/2025 amending and supplementing regulations on gold market management.
According to Dao Xuan Tuan, enterprises granted gold bar production licenses will be considered by the SBV for permission to import gold raw materials through official channels. Import licensing for gold raw materials will also be extended to eligible commercial banks to ensure a lawful supply for the domestic market.
The additional supply of gold raw materials is expected to help stabilize supply and demand, narrow the gap between domestic and global gold prices, and reduce speculative and hoarding pressures in the market. The issue has drawn considerable public and investor attention, as Vietnam has not allowed official imports of gold raw materials for many years.
At present, SJC gold bars are quoted at VND156 million to VND158 million per tael (buying-selling), about VND 15.87 million per tael higher than global gold prices.
State monopoly on gold bar production ends after 13 years
VOV.VN - Vietnam has officially apolished the State’s 13-year monopoly on gold bar production, allowing qualified banks and enterprises to engage in the business under a new decree effective from October 10.
New regulation on management of gold bar production issued
The State Bank of Vietnam (SBV) has issued a new regulation on management of gold bar production to stabilise the gold market.
