The State Bank of Vietnam Branch Region I recommends that when there is a need to buy or sell gold bars, people should conduct transactions at commercial banks and businesses that have been licensed by the State Bank to do business in buying and selling gold bars.
The list of licensed units in Hanoi is listed below. People should look up before transacting to avoid buying and selling gold bars at locations that do not comply with regulations.
According to the list until the end of the first quarter of 2026, in Hanoi, there are many commercial banks and businesses licensed to trade in buying and selling gold bars, including banking systems such as Vietcombank, BIDV, Agribank, VietinBank, Techcombank, VPBank, TPBank, ACB, Sacombank and some other banks.
In the business sector, the list includes a number of units such as SJC North, PNJ Hanoi branch, Doji Gold and Silver Group, Bao Tin Minh Chau, Phu Quy, Bao Tin Manh Hai and a number of other licensed enterprises.
People need to note that for gold buying and selling transactions worth 20 million VND or more per day of a customer, payment must be made through an account. Payment money must be transferred through the customer's payment account and the payment account of the gold business enterprise opened at a commercial bank or foreign bank branch.
Payments through accounts help transact transparently, have a basis for comparison when necessary, and at the same time contribute to preventing and combating money laundering and limiting risks in gold buying and selling activities.
The State Bank of Vietnam Branch Region 1 recommends that people not trade gold bars at unlicensed locations; do not make illegal payments for transactions from 20 million VND/day or more; and at the same time, they need to keep documents and invoices related to transactions.
For gold trading enterprises, management agencies require them to proactively update current legal regulations, review operating procedures, properly implement information reporting regimes, regulations on invoices, taxes and especially regulations on money laundering prevention and control.
Over the past time, the State Bank of Vietnam Region 1 has coordinated with the Hanoi City Police, Hanoi City Tax Department, and the Department of Industry and Trade to conduct inspections and examinations of gold business activities. Through inspection, some violations have been detected and transferred to competent authorities for handling according to regulations.
People and businesses clearly understanding the regulations when buying and selling gold bars will contribute to limiting the risk of being penalized, preventing violations of the law, ensuring safety for the gold market and stabilizing security and order in the Capital.
