Buying gold over 20 million VND must be transferred, credit card is not allowed.

(Dan Tri) - According to the State Bank, gold transactions of 20 million VND or more, payment by credit card, discount coupons, etc. are not in accordance with regulations.

Decree 232/2025, effective from October 10, stipulates that payments for buying and selling gold worth VND20 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.

This regulation is considered a big step forward to tighten transparency in the circulation of gold bars, limit money laundering risks and transfer of underground money flows through the gold channel.

However, in the document summarizing and explaining the opinions of enterprises and commercial banks on the draft Circular guiding Decree 24/2012, amended and supplemented by Decree 232/2025 on the management of gold trading activities, many gold trading enterprises gave their opinions to clarify the content of this regulation.

Representatives of DOJI and PNJ wondered whether "payment for buying and selling gold worth 20 million VND or more in a day" is understood as a separate buying or selling transaction worth 20 million VND or more or the total value of buying and selling transactions accumulated in one day reaching 20 million VND or more.

According to DOJI, the VND20 million level may cause problems in implementation, because customers can make many small transactions on the same day.

However, the State Bank believes that the value of 20 million VND or more per day for a customer is to avoid the situation of "circumventing the law", dividing transactions (under 20 million VND) to avoid having to pay through the account.

Gold transactions at a business branch in Hanoi (Photo: Thanh Dong).

Also related to payment for gold transactions, PNJ requests clarification on whether the payment method when customers pay by credit card, e-wallet or through a payment intermediary (such as e-commerce platforms, COD delivery services) is considered to meet the regulations of "payment via payment account" of customers and businesses or not.

At the same time, the enterprise also requested the management agency to clarify whether the case of customers buying vouchers (gift certificates with face value) through an intermediary or from the seller, then using or giving/exchanging these vouchers to another third party to receive gold products is considered in accordance with the regulations on payment via account or not.

According to the State Bank, the Law on Credit Institutions 2024 stipulates that a payment account is a non-term linked account of a customer opened at a bank or foreign bank branch to use payment services provided by the bank.

Thus, payment methods not through payment accounts are not in accordance with the provisions of Decree 232.

In other words, for gold transactions of 20 million VND or more, payment by credit card, voucher, etc. is not in accordance with the new regulations.

Source: https://dantri.com.vn/kinh-doanh/mua-vang-tren-20-trieu-dong-phai-chuyen-khoan-khong-duoc-dung-the-tin-dung-20251017150444541.htm