ID and Cash Limits for Buying Gold in Vietnam

Since 10 October 2025 (Decree 232/2025/ND-CP), any gold purchase or sale worth VND 20 million or more per customer per day must be paid from your own bank payment account to the dealer's, so cash is only allowed below that. Gold bars can only be traded with licensed banks and companies, which record your citizen ID and pass each deal to the State Bank.

Facts checked 31 October 2026 · Not financial, legal or tax advice

At a glance

Situation	Rule	Notes
Buying	Gold bars: ID at any amount; licensed sellers only.	Sellers record your identity and the deal's quantity and value for the State Bank.
Paying cash	Only under VND 20 million per customer per day.	From VND 20 million, payment must go between your bank account and the dealer's. The daily total counts, so splitting purchases doesn't help.
Selling	Same VND 20 million bank-account rule.	Gold bars can only be sold to licensed banks or companies.
Reported	Gold-bar deals sent to the State Bank; large-value deals of VND 400 million+ reported under AML rules.	Suspicious transactions are reported at any amount.

The rules in detail

Decree 232/2025/ND-CP amends Decree 24/2012 on gold trading. Payments for gold trading of VND 20 million or more per day by one customer must be made through that customer's payment account and the dealer's account at a commercial bank or foreign bank branch.
The State Bank switched from a per-transaction test to a daily total after the Ministry of Public Security warned that buyers could split purchases.
Since 9 February 2026 (Decree 340/2025), paying outside bank accounts above the threshold, or using gold as payment, can bring fines of VND 10–20 million for individuals.
Under Circular 34/2025/TT-NHNN, licensed gold-bar sellers must connect to the State Bank and send transaction data including buyers' citizen ID details, quantity and value. Data connection was due by 31 March 2026, and daily totals are reported by 2 p.m. the next working day.
Under Decision 11/2023/QD-TTg, reporting entities, including dealers in precious metals and gems, report transactions of VND 400 million or more to the State Bank (since 1 December 2023).

When you sell

For VND 20 million or more in a day, you are paid into your own bank account, not in cash.
The 2025 Personal Income Tax Law (in force 1 July 2026) taxes gold-bar transfers at 0.1%. The Finance Ministry said in June 2026 it can't be collected until a decree sets the details.

Silver and jewellery

The VND 20 million rule covers gold trading in general, not only bars. The ID and data-sharing rules are for gold bars.
Decree 232 covers gold only. Silver falls under the general AML large-value reporting rules.

ID and cash limits in other countries: United States · Canada · Mexico · Brazil · United Kingdom · Ireland · Germany · France · Italy · Netherlands · Switzerland · Turkey · UAE · Saudi Arabia · Kuwait · Qatar · Bahrain · Oman · Egypt · South Africa · India · Pakistan · Bangladesh · Nepal · Sri Lanka · China · Hong Kong · Japan · South Korea · Singapore · Malaysia · Thailand · Indonesia · Philippines · Australia · New Zealand · all countries

Gold ID and Cash Limits in Vietnam: FAQ

Can I pay cash for gold in Vietnam?

Only for less than VND 20 million per day with a dealer. From VND 20 million a day, payment must go from your own bank account to the dealer's bank account.

Do I need ID to buy gold bars in Vietnam?

Yes. Licensed sellers record buyers' citizen ID details for gold-bar deals and send the data to the State Bank.

Is there tax when I sell gold bars in Vietnam?

A 0.1% tax on gold-bar transfers is in the 2025 Personal Income Tax Law, in force since 1 July 2026. The Finance Ministry said it can't be collected until a decree sets the rate details, threshold and timing.

Sources (6)

General information for individuals buying or selling gold, checked October 2026. Rules change and dealers may ask for more than the legal minimum; check with the dealer or the regulator. Not legal advice.