THE STATE BANK OF VIETNAM

Circular No. 11/2014/TT-NHNN dated March 28, 2014 of the State Bank of Vietnam regulating on the carrying of gold by individuals on exit or entry
Pursuant to the Law No. 46/2010/QH12of June 16, 2010 on the State Bank of Vietnam;
Pursuant to the Ordinance No.28/2005/UBTVQH11 dated December 13, 2005 on foreign exchange control;
Pursuant to the Decree No. 156/2013/ND-CP dated November 11, 2013 of the Goverment defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam.
Pursuant to the Decree No. 24/2012/ND-CP dated April 03, 2012 of the Goverment on the management of gold business activities;
At the proposal of the director of the Foreign Exchange Management Department,
The Governor of the Vietnam State Bank promulgates the Circular regulating on the carrying of gold by individuals on exit or entry
Article 1. Subjects and scope of regulation
This Circular regulates on the carrying of ingot gold, raw material gold, and jewelry gold, fine-art gold by the following subjects on exit or entry:
1. Vietnamese and foreign individuals leave or enter Vietnam through Vietnamese border-gates with passports or other documents granted by competent Vietnamese or foreign authorities, excluding documents as prescribed under Clause 2 of this Article (hereinafter referred to as passport).
2. Vietnamese and foreign individuals leave or enter Vietnam through Vietnamese border gates with laissez-passers or border identity cards granted by competent Vietnamese authorities or authorities of countries that share the borders.
3. Individuals permitted to settle in Vietnam or individuals permitted to settle abroad.
Article 2. Carrying of gold by individuals leaving or entering with passports
1. Vietnamese and foreign individuals leave or enter Vietnam with passports are not permitted carrying ingot gold, raw material gold. In the case that foreign individuals who carry into Vietnam ingot gold, raw material gold must complete the procedures for depositing at the customs warehouse, which they would receive back and bring with them out of the country, or complete the procedures for sending abroad and bear all related expenses that arise.
2. Vietnamese and foreign individuals leave or enter Vietnam with passports carry jewelry gold, fine-art gold articles in a total amount of 300 (three hundred) grams or more must declare such to the customs.