Pursuant to the law the State Bank of Vietnam the number 46/2010/QH12 16 June 2010;
Pursuant to the law on credit institutions the number 47/2010/QH12 16 June 2010;
Pursuant to Decree No. 96/2008/ND-CP on August 26, 2008 Government's functions, tasks, powers and structure of the State Bank of Vietnam;
Implementation of resolution No. 11/NQ-CP on February 24, 2012 of the Government about the solutions primarily focused to curb inflation, stabilize the macro economy, ensuring social security;
The State Bank of Vietnam (hereinafter the Bank) amendments and supplements to some articles of the circular No. 13/2009/TT-NHNN on 20th May 2010 the national regulations ensuring the safety in operation of credit institutions (hereafter referred to as the circular 13/2009/TT-NHNN) and regulation of credit institutions to customers attached to Decision No. 1627/2001/QĐ-NHNN dated Jan. 31, 2001 (hereinafter the regulation of credit institutions to the customer) of the Governor of the State Bank as follows: article 1. Issued a d clause 5.6 article 5 joint circular 13/TT-NHNN-2010 are as follows: "d) the loans are secured by gold."
Article 2. Supplement d clause 1 article 9 regulation of the credit organization for clients such as the following: "d) To buy gold, except the Governor State Bank approved loans allow buying gold to produce gold pieces, production, fabrication and fine art gold jewelry and loans to import gold, raw material according to the State Bank's licences".
Article 3. Implementation 1. This circular effect since August 10, 2011.
2. With regard to the credit contract is concluded, in effect before the date of this circular effect, credit institutions and customers loans continued to perform under the agreement has been signed until the charged off debt principal and interest of loans; or credit institutions and customers loans agreement modifying and supplementing the credit contract is consistent with the provisions of this circular and other related laws.
3. The Chief, Chief Inspector, bank supervision, Director of monetary policy, the heads of the units of the State Bank, Director of the State Bank of India branch of the province, central cities, Chairman of the Board, the President of the Council members, the Director-General (Executive Director) credit institutions and organizations individuals concerned is responsible for the implementation of this circular.