Decree No. 232/2025/ND-CP amends a number of articles of Decree 24/2012/ on management of gold trading activities, effective from October 10.
Decree No. 232/2025/ND-CP supplements Clause 10, Article 4 of Decree No. 24/2012/ND-CP on payment for buying and selling gold: "The payment for buying and selling gold worth VND20 million or more per day of a customer must be made through the customer's payment account and the payment account of a gold trading enterprise opened at a commercial bank or foreign bank branch.
The addition of the above regulation is to ensure the requirement for authenticating customer information but does not create additional obligations for customers because the authentication has been carried out when customers open and use payment accounts at commercial banks or foreign bank branches.
This regulation also aims to increase publicity and transparency in gold trading.
Decree No. 232/2025/ND-CP also adds Clause 5a, Article 6 on the responsibility of enterprises in the production of gold jewelry and fine arts. Accordingly, when selling raw gold purchased from enterprises, commercial banks specified in Article 11a of this Decree must prepare and use electronic invoices according to the provisions of law; fully and accurately store data on raw gold sales transactions; connect to provide information to the State Bank according to the regulations of the Governor of the State Bank.
Supplementing the responsibility of enterprises operating in the production of gold jewelry and handicrafts when selling raw materials purchased from enterprises, commercial banks must establish and use electronic invoices; store data to ensure transparency and control in transactions of buying and selling raw gold.
Also in Decree No. 232/2025/ND-CP, the Government stipulates that there will no longer be a state monopoly mechanism in the production of gold bars. Instead, the management agency will license this operation to qualified enterprises and banks.
Banks and enterprises that want to be licensed to produce gold bars must have a license to buy, sell and trade this item. These units must also meet capital requirements, with enterprises from VND 1,000 billion or more, banks from VND 50,000 billion.
In addition, these units must not be subject to administrative sanctions for gold trading or be fined but have remedied the consequences. They also need to have internal regulations on the production of gold bars such as the process of importing raw materials, production, supervision, and control of product quality.
Organizations allowed to produce and trade gold bars must announce standards, volumes, contents, product warranties, store detailed data on input materials, production times, output products and connect to provide information to the State Bank.
Enterprises and credit institutions trading in gold bars must publicly post their purchase and sale prices and are not allowed to do business through authorized agents. Units also need to take measures to ensure transaction safety, store customer data, including ID and tax code information, transaction value and connect to provide information to the State Bank.
