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Starting from February 9th, Vietnam’s financial market will officially implement Decree No. 340/2025/NĐ-CP. This is considered the strongest legal shield to date, aimed at rectifying violations in the monetary and banking sectors, particularly in the gold and foreign exchange markets, which have been experiencing significant fluctuations in the new economic cycle.
The most notable aspect is the imposition of fines ranging from 300 to 400 million VND for activities such as producing or trading gold bars without a license, illegal import/export of gold, or trading other types of gold without approval from regulatory authorities.
Authorities will also enforce additional stringent penalties, including: Confiscation of illegal gold; Suspension of gold trading activities for 6 to 9 months; Revocation of business licenses in cases of severe violations or repeated offenses.
Notably, to promote the cashless payment initiative, the Decree stipulates fines ranging from 10 to 20 million VND for gold transactions not conducted through bank accounts. This aligns with the government’s determined efforts to establish a national gold trading platform.
In the foreign exchange sector, Decree 340 establishes a penalty classification system based on transaction value and violation severity. The maximum fine for individuals engaged in illegal foreign currency trading has now reached 250 million VND.
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