VAT on Gold in Vietnam
No VAT is added to the gold value; dealers pay 10% VAT on their margin, which is built into their prices. Gold dealers pay 10% VAT on their margin (selling price minus purchase price), not on the full price. Today 10 grams of 24K gold cost ₫32,159,701 at the world price, with no tax on investment bars and coins.
Rules checked 26 October 2026 · Prices Oct 30, 2026, 21:55 UTC · Not tax advice
Gold in Vietnam today, with tax
VND · Oct 30, 2026, 21:55 UTC| Weight | World price, 24K gold | Bar or coin, with tax and duty | 18K jewellery metal, with tax |
|---|---|---|---|
| 1 gram | ₫3,215,970 | ₫3,215,970 | ₫2,411,978 |
| 1 phân | ₫1,205,989 | ₫1,205,989 | ₫904,492 |
| 1 chỉ | ₫12,059,888 | ₫12,059,888 | ₫9,044,916 |
| 1 lượng (cây) | ₫120,598,880 | ₫120,598,880 | ₫90,449,160 |
| 1 ounce | ₫100,027,853 | ₫100,027,853 | ₫75,020,889 |
The rules in Vietnam
| What you buy | Tax | Details |
|---|---|---|
| Bars and bullion coins | 0% | No VAT is added to the gold value; dealers pay 10% VAT on their margin, which is built into their prices. Imports of unworked gold bars are outside VAT. A 0.1% personal income tax on gold bar transfers is in the 2025 PIT Law but was not being collected pending a government decree (Jul 2026). |
| Jewellery | 0% on the gold | Gold dealers pay 10% VAT on their margin (selling price minus purchase price), not on the full price. Charged on: dealer margin only. |
| Import duty | 0% | Raw gold imports are controlled through State Bank of Vietnam quotas (Decree 232/2025, from 10 Oct 2025). The resulting scarcity shows up as a market premium rather than a duty. |
| Tourist refund | No | Vietnam has a VAT refund for foreigners, but gold sold under the direct (margin) method carries no separately invoiced VAT, so it is not expected to qualify. |
Compared with nearby countries
| Country | Bars and coins | Jewellery | Import duty |
|---|---|---|---|
| Vietnam | 0% | 0% on the gold | none |
| China | 0% | 18.9% | none |
| Hong Kong | 0% | 0% | none |
| Japan | 10% | 10% | none |
| South Korea | 10% | 10% | none |
| Singapore | 0% | 9% | none |
| Malaysia | 0% | 0% | none |
| Thailand | 0% | 0% on the gold | none |
| Indonesia | 0% | 1.65% | none |
| Philippines | 12% | 12% | none |
VAT on Gold in Vietnam: FAQ
Is there VAT on gold in Vietnam?
No VAT is added to the gold value; dealers pay 10% VAT on their margin, which is built into their prices. Gold dealers pay 10% VAT on their margin (selling price minus purchase price), not on the full price.
Do you pay VAT on gold bars and coins in Vietnam?
No VAT is added to the gold value; dealers pay 10% VAT on their margin, which is built into their prices. Imports of unworked gold bars are outside VAT. A 0.1% personal income tax on gold bar transfers is in the 2025 PIT Law but was not being collected pending a government decree (Jul 2026).
Is there import duty on gold in Vietnam?
Raw gold imports are controlled through State Bank of Vietnam quotas (Decree 232/2025, from 10 Oct 2025). The resulting scarcity shows up as a market premium rather than a duty.
Can tourists claim back the VAT on gold in Vietnam?
No. Vietnam has a VAT refund for foreigners, but gold sold under the direct (margin) method carries no separately invoiced VAT, so it is not expected to qualify.
Why is the gold price in Vietnam different from the world price?
SJC bars and 9999 rings trade above converted world price, by a premium that changes daily and was at times very wide in 2024-2025. Decree 232/2025 ended the state monopoly on bar production, but in April 2026 the SBV was still reviewing 11 licence bids. No reliable October 2026 premium figure was found.
Sources (3)
Related
General information on the tax a private buyer pays, checked 26 October 2026. Rules change; check with the seller, the tax authority or an adviser. Not tax advice.