These updates focus on payment methods, transaction processes, and trading practices to ensure compliance with legal regulations, enhance transparency, and protect customer rights.
Specifically, Bao Tin Manh Hai Company announced that starting from October 10, 2025, the entire system will implement new payment regulations in line with Decree 232/2025/NĐ-CP issued by the Government. For sales transactions (customers buying gold), if the total value is under 20 million VND per day per customer, any payment method can be used, including cash, bank transfers, or credit cards. However, for transactions exceeding 20 million VND in a single day, only non-cash methods such as bank transfers, Visa cards, or credit cards are accepted.
Conversely, for purchase transactions (customers selling gold), regulations are also tightened. For orders valued at 5 million VND or more per day (individual or corporate customers), Bao Tin Manh Hai will process payments exclusively via bank transfer. Orders below 5 million VND per day may be paid in cash or via bank transfer at the customer’s discretion.
Sai Gon Jewelry Company (SJC) recently announced a temporary suspension of all gold bar and gold ring transactions on October 11, 2025, to prepare for the implementation of new trading procedures. Operations will resume as usual on Monday, October 13, 2025. Previously, starting October 8, SJC transitioned from in-person queuing to online registration for gold bar purchases via their official website for customers in Ho Chi Minh City.
In parallel with gold market adjustments, Phu Quy Group has also announced a temporary halt to new orders for silver bars and ingots from October 10, 2025, until further notice.
These measures reflect proactive efforts by gold and silver trading enterprises to align their operations with the requirements of Decree 232/2025/NĐ-CP, which tightens non-cash payment regulations, customer information disclosure, and financial flow control in the precious metals sector.
This shift is considered essential, contributing to greater transparency in the gold market while establishing a foundation for risk management, anti-money laundering, and fraud prevention—critical factors as the Government refines its gold market management framework toward modernity and sustainability.
Nationwide Gold Trading Overhaul: Citizens Urged to Take Immediate Notice
This marks a significant shift in Vietnam’s gold trading market.
Finance Ministry Proposes 0.1% Income Tax on Gold Bar Sales
Following consultations with the State Bank of Vietnam, the Ministry of Finance has submitted a proposal to the Government, incorporating it into the draft Law on Personal Income Tax. This proposal mandates the imposition of personal income tax on transactions involving the transfer of gold bars. The initially suggested tax rate stands at 0.1% of the transfer value.
When Will Imported Gold Hit the Market?
Qualified businesses and commercial banks will be allocated gold import quotas before December 15th annually.
Personal Income Tax on Gold Transactions: Can It Curb Speculation and Narrow Price Gaps?
After a series of price hikes, with a difference of approximately $1,700 per tael since the beginning of the year, gold has emerged as an attractive investment channel, offering lucrative returns. Experts support the proposal to impose personal income tax (PIT) on gold transactions. However, the implementation of this tax should follow a gradual roadmap, distinguishing between investment and accumulation activities to prevent any shock to the public.
Gold’s Non-Stop Rally Has Investors on Edge: “I Need to Sell 22 SJC Gold Bars at VND 155 Million per Tael”
“The gold market is buzzing with excitement as the SJC gold bar prices surge! This is your chance to shine and make some lucrative investments. Stay ahead of the game and be a part of this exciting opportunity. Will the prices continue to soar? Stay tuned and keep an eye on the latest updates to make informed decisions.”
