Vietnam Law & Legal Forum Magazine is your gateway to the law of Vietnam

Official Gazette

Thursday, December 8, 2022
Tags: gold market
Is it the right time to shape a new regulatory framework for the gold market? Is it the right time to shape a new regulatory framework for the gold market?
There have been times when the gap between domestic and global gold prices mounted to over VND 20 million per tael. It’s not to mention the difference in price between the Saigon Jewelry Company Limited (SJC)’s gold bullions and gold of other brands.
Building and improving the legal framework on foreign exchange management Building and improving the legal framework on foreign exchange management
In recent years, especially 2019, the world economy witnessed a series of insecurities. While almost all economies show signs of a slowdown, trade tensions among economic giants, especially the US-China trade war, continued to undergo complicated developments. As a result, the global growth rate in 2019 dropped to the lowest level since the 2008-09 financial crisis. Gold prices spiked and crude oil prices strongly fluctuated, giving rise to risks in the international market and consequently, many countries had to loosen their fiscal and monetary policies.
Draft circular on gold business licensing released Draft circular on gold business licensing released
The State Bank of Vietnam has publicized a draft circular that would adjust existing regulations managing gold trading, Thoi Bao Kinh Te Viet Nam (Vietnam Economic Times) newspaper reported.
Enforcement of security under the new resolution on dealing with bad debts Enforcement of security under the new resolution on dealing with bad debts
Resolution No. 42/2017/QH14 on trial dealing with non-performing loans of credit institutions was passed on June 21, 2017, by the National Assembly. It took effect on August 15, 2017, and remains in force for five years from that date. The resolution is a long-awaited text and expected to help credit institutions to better deal with their non-performing loans. A significant number of provisions of this text are about secured transactions which are at the heart of the process of recovery of bank loans for the time being. This article tries to give an overview of the text.
Government announces state monopoly over 20 goods services Government announces state monopoly over 20 goods, services
The Government on August 7 issued a decree on state monopoly over 20 groups of goods and services, including goods and services for national defense and security, production of gold bars, and import of cigarettes and cigars.
National Assembly debates Constitution revision National Assembly debates Constitution revision
The XIIIth National Assembly (NA) opened its fifth session on May 20 in Hanoi with an agenda focusing on series of important tasks such as revision of the Constitution, cast of votes of confidence for positions elected or approved by the NA or People’s Councils, and seeking of solutions to overcome economic difficulties.
Decision No. 16/2013/QD-TTg: State Bank to purchase gold bars Decision No. 16/2013/QD-TTg: State Bank to purchase gold bars
Amendments to Foreign Exchange Ordinance restrict foreign borrowing Amendments to Foreign Exchange Ordinance restrict foreign borrowing
Stiff management set for gold traders Stiff management set for gold traders
More than 10,000 small gold traders may face business shutdown as a government decree on gold trading management takes effect next month.
Gold market urges legal framework Gold market urges legal framework
In recent times, Vietnamese gold market has caught public attention especially when the domestic gold price has “skyrocketed” going beyond any forecast, analysis and explanation of the business circle.

Video

Vietnam Law & Legal Forum