The State Bank of Vietnam (SBV) has issued Circular No. 82/2025 governing gold positions of credit institutions authorized to produce gold bars or conduct gold bar trading. The regulation applies only to spot transactions involving gold bars and raw gold.

Under the new rules, a credit institution’s gold position will be calculated at the end of each business day, based on gold production volumes, spot purchases and sales, including committed transactions, as well as gold imports and exports.

The circular sets clear limits on gold exposure. Credit institutions licensed to produce gold bars may hold a gold position of no more than 5% of their own capital, while institutions licensed only for gold bar trading are capped at 2%. The capital base used for calculation will be the institution’s own capital in the month preceding the reporting period, as defined by SBV safety regulations.

Credit institutions will not be allowed to maintain negative gold positions. In exceptional cases, a temporary deviation from the limits may be permitted with approval from the SBV governor.

Institutions are required to submit daily gold position reports to the SBV’s Foreign Exchange Management Department by 2 p.m. on the following business day.

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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.