Key Metrics
11.4
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-08-26
Key Impacts
Positive Impacts (5)
Event Overview
Market liberalization and regulatory overhaul reshape commodity dynamics, as state-controlled monopolies in strategic sectors are dismantled. Policy shifts toward privatization signal increased competition and altered approval structures, impacting both domestic market participants and foreign investment. The removal of exclusive rights often leads to redefined oversight responsibilities and changes in resource allocation, reflecting shifting economic priorities and governance models in evolving economies.
Collect Records
Vietnam Ends State Monopoly on Gold Bar Production
Vietnam has officially ended the state's monopoly on gold bar production, signaling a major change in the country's gold market. According to Decree No. 232/2025/ND-CP issued by the Vietnamese government on August 26, the exclusive rights granted under Article 4, Clause 3 of Decree No. 24 have been abolished, removing the state's exclusive control over the production of gold bars and the import and export of raw gold. The new decree provides comprehensive regulation of gold trading activities, including the manufacturing and processing of gold jewelry and artworks, trading of gold jewelry and artworks, gold bar production, gold bar trading, gold import and export, account gold trading, and gold derivatives trading. The decree also amends Article 4, Clause 6, specifying that gold bar production now requires a business license granted by the national bank, transforming the management model from a monopoly to a licensing system.