The maximum fine of up to VND400 million (approximately $15,200) will be applied following a new decree issued by the Government.

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.

VnEconomy-Mai Nhi