Buy and sell gold bars
Buying and selling gold without a payment account is fined up to 20 million VND
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The Government stipulates that not making payments for buying and selling gold through payment accounts is fined up to 20 million VND.
Buying and selling gold over 20 million VND/day must go through a bank account from October 10
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From October 10, the Government stipulates that gold trading transactions of VND20 million/day or more must be conducted through bank accounts.
Enterprises with a capital of VND 1,000 billion are considered for a Gold bar Production License
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A reader with email quangngocxxx@gmail.com asked: What conditions must a business meet to be granted a Gold bar manufacturing license?
Conditions for being granted a Gold bar Production License
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Decree 232/2025/ND-CP stipulates that enterprises with a minimum capital of VND 1,000 billion and commercial banks with VND 50,000 billion are considered for a license to produce gold bars.
Places where people are allowed to buy gold bars according to new regulations
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The buying and selling of gold bars is only carried out at credit institutions and enterprises licensed by the State Bank.
It is time to remove the monopoly on gold bars, eliminate the situation of being alone in one market
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The National Assembly delegate said that the monopoly on gold bars leads to a very high price difference between the domestic and world markets due to lack of connectivity.
Amending the decree on gold bar monopoly before June 2025
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The National Assembly requires that before June 2025, the decree regulating gold trading, including regulations on gold bar monopoly, must be amended.
