Client update: Circular 22/2013/TT-BKHCN deals with wearing gold/jewelry

Next 3 days, Circular 22/2013/TT-BKHCN (‘The Circular’) that deals with wearing gold/jewelry will be effective. Managing partner Pham Vu Khanh Toan reviews on the main contents.

Gold Content (golden age)

As stipulated in Circular 22, jewelry, fine art gold must comply with the provisions on standards of quality and measuring. To put on the market, the goods need to be affixed its product code together with an accurate gold content on the product.

Labels

In order to have "transparency information and fair competition" in the jewelry market, The Circular also provides the content to be shown on the labels of goods, namely gold content, the information relating to such goods, e.g. manufacturers... This seems to be simple, however, almost of jewelry being labeled by traditional methods, e.g. handwritten information on the goods with just the weight of gold and price. Sometime, there was not any information on the label of goods.

Protection of consumer

Circular 22 is an important legal instrument in the management of measuring, quality of jewelry in the market to protect the rights and legitimate interest of Vietnamese consumers.

Grace time for inventory

It needs an appropriate road-map for businesses to have time to deal with inventory.

For further information, please contact hanoi@pham.com.vn

Pham & Associates