New Regulations on Gold Export and Import in Vietnam: Aims to Eliminate State Monopoly Mechanism

Strategic Insights -

The Government of Vietnam has recently issued Decree No. 232/2025/ND-CP, amending and supplementing several articles of the Decree No. 24/2012/ND-CP on gold trading management. This new regulation abolishes the State Bank's operation of organizing the export of raw material gold and importing gold material to produce gold bars. The Prime Minister, Bui Thanh Son, has also signed Decision No. 1837/QD-TTg, outlining a plan to implement chemical law, focusing on awareness and education for agencies, organizations, and individuals related to chemicals. The implementation of these regulations aims to align with the country's orientation of eliminating the state monopoly mechanism in the export of raw gold and imported gold material.

Key Takeaways:

  • The new Decree No. 232/2025/ND-CP abolishes the State Bank's operation of organizing the export of raw material gold and importing gold material to produce gold bars.
  • This amendment aligns with Vietnam's orientation of eliminating the state monopoly mechanism in the export of raw gold and imported gold material.
  • The Prime Minister requested ministries and localities to implement legal documents on managing and using public property by January 1, 2026.
  • A plan to implement chemical law was issued, focusing on propagating, disseminating, and training chemical law No. 69/2025/QH15.
  • The plan aims to raise awareness and sense of responsibility among people in the production, business, and use of chemicals.

Statistics:

  • The new Decree No. 232/2025/ND-CP amends and supplements several articles of the Decree No. 24/2012/ND-CP on gold trading management.
  • The implementation of legal documents on managing and using public property is to be completed by the Prime Minister by January 1, 2026.
  • The Government aims to review and re-inventory public assets under the organizational structure model by January 1, 2026.

Sources:

  • Decree No. 232/2025/ND-CP, amending and supplementing several articles of Decree No. 24/2012/ND-CP on gold trading management.
  • Decision No. 1837/QD-TTg, implementing chemical law and focusing on awareness and education.