Procedures for obtaining a Gold Production Eligibility Certificate

Procedures for obtaining a Gold Production Eligibility Certificate require enterprises to strictly comply with regulations on facility and legal conditions under Vietnamese law. The State Bank directly manages the licensing to ensure the stability of the precious metals market and foreign exchange management. Clients need to prepare transparent dossiers to meet actual inspection standards from functional agencies. The following article analyzes the implementation process in detail.

Conditions for operating a gold jewelry and handicraft production facility

According to Article 5 of Decree 24/2012/ND-CP, conditions for jewelry and fine arts gold production include:

1. Being an enterprise established in accordance with the law, having registered jewelry and fine arts gold production in the Enterprise Registration Certificate.
2. Having locations, facilities, and necessary equipment serving jewelry and fine arts gold production activities.

Meeting these conditions helps enterprises operate stably and avoid risks. The procedure requires transparency regarding capital sources and highly specialized technical personnel. Clients need to prove financial capacity and the ability to control the quality of gold products released to the market. This regulation protects consumer rights and maintains macroeconomic order.

>>> See more: Cases of revocation of gold trading licenses 

The competent authority issues certificates of eligibility for gold production

State management agencies play a key role in appraising and licensing gold-related activities. The State Bank of Vietnam is the sole agency competent to exercise state management over this sector according to Clause 1, Article 13 of Circular 34/2025/TT-NHNN.

• State Bank branch in the province/city where the enterprise is headquartered directly receives the application dossier.
• Director of the State Bank regional branch signs and issues the Certificate of eligibility for jewelry and fine arts gold production after actual appraisal.
• Banking inspection and supervision agencies coordinate periodic inspections of production maintenance conditions after licensing.

Application for a certificate of eligibility for gold production

The components of the dossier requesting the Certificate of eligibility for jewelry and fine arts gold production are detailed in Clause 1, Article 3 of Circular 34/2025/TT-NHNN, including:

1. Application form for the Certificate according to the form in Appendix No. 01 issued with this Circular.
2. Documents proving ownership or legal use rights of the production location.
3. Declaration of facilities and necessary equipment serving jewelry and fine arts gold production activities.

The procedure will be suspended if discrepancies are found in the declaration. Clients should carefully review the consistency between the Enterprise Registration Certificate and the actual infrastructure status. Thorough preparation of documents facilitates the field inspection process.

>>> See more: Certificate of eligibility for gold jewelry production

Procedures for obtaining a gold production eligibility certificate

The process is carried out through strict steps to control output quality according to Article 13 of Circular 34/2025/TT-NHNN:

Step 1: Prepare Dossier The enterprise prepares a full dossier for new issuance or modification/supplementation of the Certificate according to Articles 3 and 12 of Circular 34/2025/TT-NHNN.

Step 2: Submit Dossier Submit the dossier directly or via appropriate forms to the State Bank regional branch where the enterprise is headquartered.

Step 3: Receive and Check Dossier The State Bank regional branch receives and checks the completeness and validity of the dossier.

Step 4: Field Inspection The competent authority organizes an actual inspection of the enterprise’s facilities and equipment serving gold production.

Step 5: Decision Within 20 working days from receiving a valid dossier and field inspection results, the Director of the State Bank regional branch decides to grant or refuse the Certificate. In case of refusal, reasons must be clearly stated.

Step 6: Receive Results The enterprise receives the Certificate or the Decision on modification/supplementation (which is an integral part of the Certificate).

>>> See more: The business license to buy and sell gold bars

Business establishment consulting services at Long Phan Consulting Company

Long Phan Consulting Company provides comprehensive enterprise establishment services, supporting individuals and organizations to quickly complete necessary legal procedures for legal operation. We structure our support into the following key areas:

• Consulting on choosing the appropriate business type (sole proprietorship, limited liability company, joint-stock company, partnership).
• Consulting on procedures for obtaining a gold production eligibility certificate.
• We provide advice on business names, business lines, charter capital, organizational structure, and legal representation.
• Prepare and finalize business registration documents in accordance with the provisions of the Enterprise Law.
• The client’s representative submits the application, monitors the process, and receives the Business Registration Certificate from the competent authority.

Frequently Asked Questions About The Procedures For Obtaining A Gold Production Eligibility Certificate

Below are some frequently asked questions regarding the procedures for obtaining a gold production eligibility certificate; please refer to them:

Are individuals allowed to apply for a certificate of eligibility to manufacture gold jewelry?

No. According to the law, only legally established businesses are eligible to be granted a Certificate of Eligibility for the Production of Gold Jewelry and Handicrafts. Individuals, household businesses, or entities without legal personality are not eligible for this certificate. This regulation aims to ensure effective state management of the production of gold jewelry and handicrafts.

(Legal basis: Clause 1, Article 5 of Decree 24/2012/ND-CP.)

What is the validity period of the Certificate of Eligibility for the Production of Gold Jewelry and Handicrafts?

Currently, the law does not specify a particular validity period for this license. The license remains valid throughout the period of the business’s legal operation, unless it is revoked by a competent authority due to legal violations or the business voluntarily ceases operations as prescribed by law.

(Legal basis: Decree 24/2012/ND-CP and Circular 34/2025/TT-NHNN.)

If a business moves its production facility to a different district within the same city, does it need to obtain a new permit?

Customers are responsible for carrying out the procedures to amend and supplement the Certificate when there are changes to related information. The only exception is when the change of address results from administrative boundary adjustments and does not change the actual location of the business.

(Legal basis: Clauses 1 and 4, Article 13 of Circular 34/2025/TT-NHNN.)

Do businesses need to demonstrate a minimum registered capital when applying for a gold production license?

Decree No. 24/2012/ND-CP does not specify a particular minimum legal capital requirement for the production of gold jewelry and handicrafts. However, businesses must ensure that their facilities, equipment, and technical conditions are appropriate and commensurate with the registered production scale as prescribed by law.

(Legal basis: Article 5 of Decree 24/2012/ND-CP.)

What exactly constitutes gold jewelry and handicrafts according to current regulations?

These are products with a gold content of 8 Karat (equivalent to 33.33%) or higher, which have been processed and crafted for jewelry or decorative purposes. These products are classified as gold jewelry and handicrafts according to current laws.

(Legal basis: Clause 1, Article 3 of Decree 24/2012/ND-CP.)

Do businesses that only process gold (not directly sell it retail) need to apply for this certificate?

Yes. The processing of gold jewelry and handicrafts for other organizations and individuals is still considered a production activity according to the law. Therefore, businesses engaged in this activity are required to have a Certificate of Eligibility for Production issued by the State Bank of Vietnam.

(Legal basis: Article 5 of Decree 24/2012/ND-CP.)

Conclusion

The procedures for obtaining a gold production eligibility certificate requires precision in documentation and actual compliance with infrastructure standards. To ensure a fast and legal licensing process, clients should seek support from professional legal experts.

Contact Hotline 1900636389 immediately for Long Phan Consulting Company  to support resolving all issues.