Streamlining gold jewelry business conditions

This is the noticeable content of the Decision No. 1417/QD-NHNN approving the plan to simplify business conditions under the authority of the State Bank of Vietnam.

According to the Decision, the State Bank has approved the plan to abolish a number of licensing conditions for purchase and sale of gold jewelry or decorative gold, including 02 following conditions: 

- The business must be established under law and have been granted the registration for trade in gold jewelry or decorative gold in the enterprise registration certificate. 

- The business must have business address, facilities and equipment necessary for its trade in gold jewelry and decorative gold.

Simultaneously, 02 conditions out of prescribed conditions for eligibility for the Certificate of conformance to gold jewelry or decorative gold production regulations will be abrogated as follows:

- The business must be established under law and have been granted the registration for production of gold jewelry or decorative gold in the enterprise registration certificate. 

- The business must have business address, facilities and equipment necessary for its production of gold jewelry and decorative gold.

The Decision No. 1417/QD-NHNN is in force from July 9, 2017.

Source: Thuvienphapluat

How ANT Lawyers Could Help Your Business?

ANT Lawyers is a law firm in Vietnam located in the business centers of Hanoi, Danang and Ho Chi Minh City. We provide convenient access to our clients. Please contact us to book your time in advanced to let us provide our best service. 

Call us at +84 28 730 86 529 or send us email ant@antlawyers.vn