THE STATE BANK
SOCIALIST REPUBLIC OF VIET NAM
Independence – Freedom – Happiness
No. 10/2003/TT-NHNN
Hanoi, September 16th, 2003
CIRCULAR
GUIDING THE IMPLEMENTATION OF THE DECREE No. 174/1999 DATED 9 DECEMBER, 1999 OF THE GOVERNMENT ON THE MANAGEMENT TO GOLD TRADING ACTIVITIES AND THE DECREE No. 64/2003/ND-CP DATED 11 JUNE, 2003 OF THE GOVERNMENT ON THE AMENDMENT, SUPPLEMENT OF THE DECREE No. 174/1999/ND-CP
Pursuant to Article 19 of the Decree No. 174/1999/ND-CP dated 9 December, 1999 of the Government on the management to gold trading activities and Article 3 of the Decree No. 64/2003/ND-CP dated 11 June, 2003 of the Government on the amendment, supplement of the Decree No. 174/1999/ND-CP, the Governor of the State Bank provides guidance on the implementation as follows:
Chapter I
GENERAL PROVISIONS
Section 1. GOVERNED SUBJECTS AND GOVERNING SCOPE
1. Subjects of application of this Circular shall be organizations, which, individuals, who engage in gold trading activities.
2. This Circular shall govern the activities of gold trading including jewelry gold, fine art gold, piece gold, raw material gold; not govern the activities of gold exploitation, refinement of gold exploiting enterprises.
3. The trading in gold of international standard shall be performed in accordance with provisions of the Decree No. 63/1998/ND-CP dated 17 August, 1998 of the Government on foreign exchange control and the Circular No. 01/1999/TT-NHNN7 dated 16 April, 1999 of the Governor of the State Bank of Vietnam guiding the implementation of the Decree No. 63/1998/ND-CP of the Government.