Gold trading from 20 million VND/day must be paid via bank account

Payments for gold purchases and sales worth VND 20 million or more per day by a customer must be made through a bank account.

The above content is mentioned in Decree No. 232/2025 amending and supplementing a number of articles of Decree No. 24/2012 of the Government on management of gold trading activities.

Gold purchases of 20 million VND/day or more must be paid through a bank account.

Decree No. 232/2025 supplements regulations on payment for gold purchase and sale, in the direction: "Payment for gold purchase and sale with a value of VND 20 million or more per day by a customer must be made through the customer's payment account and the payment account of the gold trading enterprise opened at a commercial bank or foreign bank branch".

The addition of this provision ensures the requirement for customer information authentication but does not create additional obligations for customers because authentication has been performed when customers open and use payment accounts at commercial banks and foreign bank branches. At the same time, it increases publicity and transparency in gold buying and selling transactions.

The Decree also adds regulations on the responsibilities of enterprises engaged in the production of gold jewelry and fine arts.

Accordingly, when selling raw gold purchased from enterprises, commercial banks must create and use electronic invoices in accordance with the provisions of law; fully and accurately store data on raw gold sales transactions; and connect to provide information to the State Bank in accordance with the regulations of the Governor of the State Bank.

Adding responsibilities of enterprises engaged in the production of gold jewelry and fine arts when selling raw gold purchased from enterprises and commercial banks must create and use electronic invoices; store data to ensure transparency and control in transactions of buying and selling raw gold.

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Source: https://vtcnews.vn/buying-gold-from-20-million-dong-once-you-pay-through-bank-account-ar962006.html