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.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Phú Quý, Bảo Tín Mạnh Hải, Bảo Tín Minh Châu đồng loạt thông báo thay đổi cách thanh toán khi mua bán vàng
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goldVietnamregulationcashless payments
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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 | 9,620 bn VND |
| P/E | 3.9 |
| P/B | 0.72 |
| Close on 10/19/2026 | 18.50 |
| Change that session | -1.60% |
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/16/2026 | 4,165.63 |
| Change that session | -0.13% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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On the afternoon of 19/10, domestic gold prices fell by 500 to 800 thousand VND per tael. SJC's 9999 gold rings fell 800,000 VND to 139.3–142.3 million VND per tael, PNJ fell 700,000 VND, DOJI held at 139.1–143.1 million VND, and Bảo Tín Minh Châu rose slightly. Gold bars at SJC, PNJ, DOJI and Bảo Tín Mạnh Hải fell 500,000 VND across the board to 140.1–143.1 million VND per tael, while Bảo Tín Minh Châu rose 100,000 VND on the buy side and fell 500,000 VND on the sell side. Internationally, gold traded around 4,160–4,180 USD per ounce as investors await US data and the Fed meeting on 27–28/10. From 16/10, gold purchases and sales of 5 million VND or more a day must be paid by non-cash means under Decree No. 390/2026/NĐ-CP.
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