Vietnam's central bank has announced updated rules to liberalize gold import and production, aiming to diversify supply and enhance transparency in the domestic gold market.

The Government Inspectorate will lead a multi-agency probe into compliance, anti-money laundering, and market manipulation risks.

Prime Minister Pham Minh Chinh calls for urgent actions to stabilize the gold market and protect macroeconomic stability.

Safe-haven sentiment amid global gold fluctuations, combined with slow increases in domestic physical supply, is expected to keep gold prices high in Vietnam, but the price gap between domestic and global prices could narrow within 1-2 years.

Lifting gold bar monopoly, allowing import-export of raw gold to produce bars will increase supply, end the mindset of ‘buying gold at any cost’, narrow domestic-international price gaps, and cool down the market.

Despite new reforms, Vietnam’s gold market needs time to align with global prices due to supply delays and brand trust issues.

Decree 232 ushers in a major policy shift, replacing gold monopoly with regulated - competition.

Despite record-high gold prices, Ho Chi Minh City residents lined up early to buy gold, prompting stores to restrict access.

Vietnam lifts its gold monopoly, opening the door for major banks as SJC gold hits a record high.

The government has officially issued Decree No. 232/2025, amending and supplementing several articles of Decree No. 24/2012 on the management of gold trading activities.

The Ministry of Finance has proposed reducing the export tax on gold jewelry from 1% to 0% to support struggling businesses.

Despite heavy downpours and limited supply, long lines formed in Hanoi as gold prices reached a historic $4,924 USD per tael.

Global gold prices fall sharply, but SJC gold holds near record highs as Vietnam’s VN-Index hits a new peak.

Enterprises and credit institutions seeking a license to produce gold bars must have a minimum charter capital of VND1,000 billion and VND50,000 billion, respectively, under a proposed regulation.

Vietnam eyes gold market reform with quota-based imports, tighter control, and more competition.

SJC acting CEO says firm has addressed central bank’s recommendations without major violations.

Though the general trend is upward, gold prices are still experiencing short-term corrections. However, compared to the 2022-2023 period when gold prices repeatedly hit new highs, the current upward trend is no longer as strong.

The Vietnam Gold Business Association, which has been lobbying for enterprises’ right to import gold, says there is no need to worry that gold imports will lead to ‘foreign currency bleeding’.

Global tensions rise, but gold slips-what's behind the unexpected drop?

The State Bank of Vietnam (SBV) is seeking public feedback on a draft amendment to Government Decree No. 24/2012/ND-CP on the management of gold trading activities, introducing new rules on payment methods.