Legal service

Rectify the gold safekeeping services

Customers must pay a fee for gold safekeeping service and will not receive any interest, income, fees or other amounts.

The credit institutions will strictly follow those contents when providing keeping gold services.

It is one of the main requirements of the State Bank of Vietnam (SBV) to regulate the activity of gold safekeeping of credit institutions in Document No. 7935/NHNN-QLNH issued on December 3rd 2012.

Attached is the sample report on the situation of gold kept, the credit institution must send this report to the SBV no later than the 5th day each months.

Document takes effect from the date of issuance.

Tuan Nguyen

Recent Posts

Executive Office for Foreign Contractors in Vietnam: 7 Issues to Plan Before Engineer Mobilization

An executive office for foreign contractors in Vietnam is not just a physical office for…

17 hours ago

Arbitration Procedure in Vietnam: 7 Stages Foreign Companies Should Prepare For

Arbitration procedure in Vietnam can affect your time, your cost, your evidence position, and your…

7 days ago

Apply for A Construction Operation License in Vietnam: 9 Steps Foreign Contractors Should Plan Before Mobilization

Foreign contractors usually realize they need a construction operation license later than they should, and…

1 week ago

Arbitration Clause in Vietnam: 7 Drafting Mistakes Foreign Companies Should Avoid

To most managers’ surprise, an arbitration clause in Vietnam is one short paragraph in your…

2 weeks ago

Contractor Permit in Vietnam: 5 Points Explained

Foreign contractors working in Vietnam often see different words used for the same approval. Some…

2 weeks ago

Construction Operation License in Vietnam: 9 Things Foreign Project Managers Should Know Before the Contract Start Date

Let’s face the reality. After the contract is signed, the project owner expects you on…

3 weeks ago

This website uses cookies.