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Officially abolish the State monopoly on gold bars

The Decree amending and supplementing a number of articles of Decree No. 24/2012 of the Government has abolished the provision that "The State has a monopoly on the production of gold bars, the export of raw gold and the import of raw gold to produce gold bars.

Officially abolishing monopoly, gold bar price increase or decrease?

The Government issued Decree 232/2025/ND-CP, officially abolishing the monopoly mechanism of gold bars. Experts hope that the gap between domestic and international gold prices will narrow.
State Bank wants to remove monopoly on gold bars

The State Bank of Vietnam (SBV) is proposing to remove the monopoly on gold bar production, export and import of raw gold to produce gold bars, according to the draft amendment to Decree 24/2012/ND-CP.

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