Decree 390/2026, effective from its signing date of 16/10/2026, lowers the non-cash payment threshold for gold trading to 5 million VND per day from 20 million under the earlier rules, and allows cards and e-wallets in addition to bank transfers. Some gold businesses still refuse e-wallet payments because the money arrives with only a transaction code and no payer name, making it hard to prove transactions under anti-money-laundering rules. Lương Ngọc Quang of Bảo Tín Mạnh Hải said the company will accept e-wallet payments and is working on verification, and called for e-wallets to pass payer information to gold firms. Separately, jewellery and decorative gold production and trade are no longer conditional business lines, and State Bank certification is no longer required, with inspections moved after operations begin, though fire safety and other requirements still apply.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Mua vàng bằng ví điện tử: Luật đã cho phép, vì sao nhiều tiệm vàng vẫn từ chối?
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Related tickers and likely impact
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/19/2026 | 4,140.75 |
| Change that session | -0.60% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Phú Quý, Bảo Tín Mạnh Hải, Bảo Tín Minh Châu Simultaneously Announce Changes to Gold Payment Methods
From October 16, Phú Quý, Bảo Tín Mạnh Hải and Bảo Tín Minh Châu announced that gold buy-sell transactions totaling 5 million VND or more in a day must be paid through non-cash methods under Decree 390/2026/NĐ-CP. The threshold is much lower than the 20 million VND set by the previous Decree 232/2025/NĐ-CP. Phú Quý only accepts payments from bank accounts in the customer's own name, not e-wallets or securities accounts. Decree 390 also removes gold jewellery and decorative art production and trading from the list of conditional business lines, though businesses must still meet requirements on product quality, price display, invoices, tax and anti-money laundering.
- Gold buying and selling from 5 million dong must be paid without cash
From October 16, customers buying or selling gold worth 5 million dong or more in a day must pay by non-cash means, down from the previous 20 million dong threshold. Decree 390/2026/NĐ-CP, signed by Deputy Prime Minister Nguyễn Văn Thắng, also removes conditional business requirements for producing, processing and trading gold jewellery and decorative art, so producers no longer need a State Bank eligibility certificate. Gold bars remain a conditional business requiring a State Bank licence. For firms processing gold for foreign partners, the State Bank may consider raw-gold import licences, while companies must build data systems on gold imports, exports, trading, use and inventory that connect to the regulator.
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- Gold purchases and sales of 5 million dong or more per day must be paid by non-cash means
Under Decree 390/2026, effective October 16, gold purchases and sales of 5 million dong or more per day must be paid by non-cash means, down from the previous threshold of 20 million dong. The decree also sets rules for licensing raw gold imports for jewelry and decorative-art makers with foreign processing contracts, and calls for an information system to manage raw gold data. The State Bank of Vietnam will inspect gold trading activities, while the Ministry of Science and Technology is responsible for national standards and quality measurement of gold. The decree repeals earlier rules on producing, processing and trading jewelry and decorative gold, so production certificates issued before October 16 are no longer a requirement. Pending applications for new, amended or supplemented certificates will be terminated by the State Bank, which will notify the applicants.
- Buying and selling gold worth VND 5 million a day must be paid by non-cash means
From October 16, buying or selling gold worth VND 5 million or more in a day must be paid by non-cash means such as bank transfer, QR code, bank card or e-wallet, down from the previous VND 20 million threshold. Decree 390, signed by Deputy Prime Minister Nguyễn Văn Thắng, amends Decrees 24 and 232 and repeals the rules on producing and processing gold jewelry and decorative art, so State Bank of Vietnam (SBV) certificates for such production are no longer required. Pending applications for new or supplementary certificates will be halted, and fees already paid will be handled under regulations. For raw gold imports, processors with foreign processing contracts may be considered for licenses matching their needs, foreign-invested firms receive annual licenses, and all must keep data on imports, sales and inventory connected to the SBV. Import, export and temporary import licenses issued before October 16 remain valid until they expire.
- Gold and Silver Prices on Oct. 20 Fall Sharply: Phu Quy, Bao Tin Minh Chau Announce Major Changes
SJC gold at Phu Quy on October 20 was quoted at 138.5 million VND per tael to buy and 142 million VND to sell, down about 0.5 million VND from the previous day, while Phu Quy's 1kg silver bar was around 52.8 million VND per kg to buy. Bao Tin Manh Hai cut 24K gold products by 800,000 VND per tael and its 1kg silver bar by 800,000 VND per kg. Global gold traded around $4,135-4,136 per ounce and silver around $57.02, under pressure from U.S. September CPI up 3.7% and PPI up 1.3%. From mid-October, gold transactions of 5 million VND or more in a day must be paid by non-cash means, and Phu Quy accepts only transfers from bank accounts in the customer's own name, not e-wallets.
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