Do you want to start a business or open a gold shop? Understanding and complying with regulations is a fundamental step in ensuring stable and growing business operations. Fundgo Law provides in-depth legal advice on gold trading. We help you engage in gold trading legally, quickly, and with minimal unnecessary risk.
Legal gold trading activities in accordance with current regulations
Types of gold trading permitted under Vietnamese law
- Gold processing, jewelry making, fine arts
- Buying and selling gold jewelry and crafts
- Gold bar production — businesses/commercial banks may be granted licenses to produce
- Buying and selling gold bars
- Export and import of gold — if authorized by the competent authority
- Other activities related to gold trading management, as prescribed by law
Some important regulations that businesses need to be aware of
- Gold bar production is considered a “conditional business” — enterprises/banks wishing to engage in this activity must obtain a license from the State Bank of Vietnam (SBV).
- When buying and selling gold: starting October 10, 2025, for transactions with a single customer reaching or exceeding 20 million VND per day, gold businesses/offices must make payments via bank accounts (customer accounts and business accounts at commercial banks).
- For businesses producing gold jewelry/artistic crafts — when purchasing gold raw materials from businesses/banks producing gold bars or gold raw materials — if reselling gold raw materials, they must issue electronic invoices; store transaction data and fulfill reporting requirements as stipulated by the State Bank of Vietnam.
Common risks and errors due to misunderstanding/lack of knowledge about the law
In the process of supporting businesses, Fundgo Law has identified many risks and mistakes that businesses may encounter if they do not fully understand the law:
- Attempting to produce gold bars without obtaining a license from the State Bank of Vietnam — violating the “conditional business” regulations — may result in penalties.
- Conducting transactions involving gold bars or jewelry/artistic crafts with a transaction amount of ≥ 20 million per day and paying in cash — violates the mandatory bank payment regulations.
- Failure to issue electronic invoices and store transaction data when selling raw gold — violates transparency requirements and information storage regulations.
- Selling, advertising, or trading gold at addresses or through channels that have not been licensed by the competent authorities — buying/selling at “authorized dealers” of unknown origin — carries legal risks and may be mistaken for illegal business activities.
- Failure to fully comply with legal obligations when importing/exporting gold, gold materials, gold bars — without a license or with an invalid license — violates import/export conditions.
These violations not only affect the right to operate, but may also lead to penalties, license revocation, or a ban on gold trading activities.
See more: Contract Drafting Services, Contract Review Services in Compliance with Legal Regulations 2026
Fundgo Law — Safe, in-depth legal solutions for gold businesses
With major changes to the legal framework in 2025, understanding and complying with regulations is crucial. Fundgo Law provides tailored legal services:
- Legal condition assessment consultation: Review whether your business meets the conditions for trading gold — including industry, capital, documentation, and registration with the State Bank of Vietnam.
- Support for obtaining gold business licenses/certificates: preparing documents, guiding procedures for obtaining licenses for gold bar production, gold bar trading, processing/jewelry/arts and crafts, import/export — in accordance with Decree 232/2025.
- Drafting contracts, transactions, and internal procedures: helping businesses ensure their processes for raw material procurement, production, quality control, accounting, and data storage comply with legal requirements.
- Consulting on payments, invoices, reports, and compliance audits: ensuring businesses make bank payments for transactions ≥ 20 million VND/day, issue electronic invoices, and store transaction data as required by the State Bank of Vietnam.
- Gold/gold material import-export consulting: If a business plans to import or export — support in obtaining permits, legal documentation, commercial contract consulting, logistics, invoice recording, and legal documentation.
- Risk prevention, continuous compliance, legal audit support: assisting businesses in regularly reviewing operations, handling violations, conducting internal audits, and ensuring compliance with regulations — minimizing legal risks.
Why choose Fundgo Law?
- A team of lawyers with in-depth knowledge of regulations and always up-to-date with the latest legal news.
- Practical experience in establishing a gold business, completing production and trading procedures, and understanding market realities.
- Comprehensive services — from inception to operation: not only initial consultation but also ongoing support after licensing — helping businesses maintain continuous compliance.
- Commitment to transparency and legal compliance: support in document preparation, contracts, reports, and record keeping — ensuring businesses are easily auditable and transparent with regulatory authorities.
See more: Investment Certificate Application Service in Vietnam 2026
Contact Fundgo Law immediately for legal advice on gold trading:
- Detailed consultation on legal regulations for 2025,
- Prepare the application documents for the permit,
- Establish a legal compliance process,
- And operate the gold business legally, transparently, and sustainably.
