News about e-wallets

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.