The Government has issued a decree on administrative penalties in the monetary and banking sector, with a strong focus on regulating gold trading activities.
The decree No. 340/2025/ND-CP, which will take effect from February 9, 2026, sets a maximum fine of up to VND400 million (approximately $15,200), depending on the severity of the violation.
The most severe penalties, ranging from VND300 million to VND400 million, will apply to unlicensed production or trading of gold bars, import or export of raw gold or gold bars without permits from competent authorities, and other gold trading activities conducted without proper authorisation.
According to the State Bank of Vietnam (SBV), nine applications have been submitted by commercial banks and eligible enterprises seeking licences to produce gold bars.
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