New regulations on gold trading from 10 - 10: Big changes in gold trading

According to Decree 232/2025/ND-CP amending Decree 24/2012/ND-CP on management of gold trading activities, effective from October 10, it is mandatory to make payments via bank transfer for all gold trading enterprises (including gold bars, gold rings and jewelry) when making buying/selling transactions worth VND 20 million or more in one day with a customer.

Gold bar trading enterprises must publicly disclose buying and selling prices, store customer information (including citizen identification information and tax codes), transaction values, and connect and provide information to the State Bank.

Quy định mới về mua bán vàng từ 10 - 10: Thay đổi lớn trong giao dịch vàng - Ảnh 1. — People transact at a PNJ store

To comply with the new regulations, on October 9, Phu Nhuan Jewelry Joint Stock Company (PNJ) announced new payment regulations for gold transactions. Specifically, from October 10, for gold transactions (including gold bars, gold rings and jewelry) at PNJ with a value of less than VND 20 million/day, customers can pay in cash or by bank transfer.

Meanwhile, transactions of 20 million VND or more/day must be paid via bank transfer from the customer's payment account to PNJ's account.

Transaction value is calculated based on the total transactions of a customer in a day (not counting each purchase/sale separately to avoid splitting the transaction).

PNJ said that this regulation is applied to ensure transparency and publicity in transactions, verify customer information, and contribute to preventing money laundering and tax evasion as required by the Government . The company affirmed that the regulation does not create additional burden for customers because the verification has been done through the banking system.

Accordingly, customers need to provide personal bank account information when making large value transactions. PNJ will support checking and confirming transfers right at the counter to complete the transaction quickly.

Similarly, gold trading enterprises such as Bao Tin Minh Chau, DOJI , AJC, many commercial banks and some gold shops in Ho Chi Minh City also announced that from October 10, gold transactions worth VND20 million or more must be paid via bank transfer.