Gold bullion traded without licenses will be confiscated in Vietnam from February 9, 2026. 340, which takes effect on February 9, stipulates administrative sanctions in the monetary and banking sector and introduces strict measures against the illegal production and trading of gold bullion and raw gold. Apart from monetary penalties, authorities can impose supplementary sanctions, including confiscation of all illegally traded gold, suspension of gold bullion trading activities, suspension of raw gold imports, or revocation of business licenses in cases of serious or repeated violations. For violations involving gold trading transactions, including gold bullion, which are not settled through bank accounts, applicable to transactions of VND20 million ($764) or more per day, fines of VND10-20 million ($382-764) will be imposed. Meanwhile, failure to publicly list buying and selling prices of gold bullion, jewelry, or fine-art gold products, producing gold jewelry, fine-art gold, or gold bullion without disclosing applicable standards, or failing to label goods in accordance with regulations will result in fines of VND30-50 million ($1,150-1,910).

Source: Tuoitre News January 27, 2026 04:20 UTC