Decree 390 was amended to require that gold purchases and sales totaling 5 million VND or more in a day be paid by non-cash methods, with the threshold lowered from 20 million VND. Following this, Ancarat, Bảo Tín Mạnh Hải, Bảo Tín Minh Châu, Mi Hồng and Phú Quý notified customers. Phú Quý accepts payments only from bank accounts in the customer's own name and not from e-wallets. Lương Ngọc Quang of Bảo Tín Mạnh Hải says bank transfers, cards and e-wallets all meet the rule, yet some firms still reject e-wallets even though the wallets have verified their customers. The problem is that through e-wallets or intermediary card payments, firms receive only a transaction code without the buyer's name, which makes verifying transactions harder for businesses that have anti-money laundering obligations. Bảo Tín Mạnh Hália says it will accept e-wallet payments and is working on the verification process; in the long run, e-wallet providers and intermediaries should supply payer information to gold firms.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: 5 tiệm vàng lớn phát thông báo về thanh toán, nhiều tiệm từ chối ví điện tử: Vướng mắc là gì?
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goldregulationmoney laundering
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Related tickers and likely impact
PNJ
• NeutralPhu Nhuan Jewelry
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Retail |
| Industry | Specialty Retailers |
| Market cap | 9,825 bn VND |
| P/E | 4.0 |
| P/B | 0.73 |
| Close on 10/21/2026 | 19.20 |
| Change that session | -2.78% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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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.
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Decree 390/2026/NĐ-CP, effective October 16, 2026, lowers the daily threshold for mandatory non-cash payment on gold transactions to 5 million VND, down from 20 million under Decree 232/2025/NĐ-CP. The rule applies equally to gold bars and jewelry and extends to transfers and e-payments. The State Bank of Vietnam says the aim is to strengthen customer verification and improve market transparency. Expert Nguyễn Quang Huy of Nguyễn Trãi University says payment records help reconcile transactions with invoices, revenue and tax obligations, though cash transactions are not automatically suspicious. The decree also requires businesses to build systems to store and link data on imported raw gold and adjusts import licensing, but this is not an unlimited import mechanism.
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