>Verify validity of your SBV Gold Business License via sbv.gov.vn; submit renewal application at least 90 days before expiry if expiring within 6 months
>Effective April 1, 2026, declare all gold imports using the daily SJC benchmark price for customs valuation and file monthly SCT returns with GDT (General Department of Taxation)
>Engage a licensed Vietnamese tax agent to complete 2025 CIT final settlement by March 31, 2026, including disclosure of inventory revaluation impacts from gold price volatility
English Summary
This article reports Vietnam’s domestic gold prices rose 0.65% on March 7, 2026, with a 21% year-to-date increase driven by global trends and USD strength. While not a regulatory decree, it signals heightened compliance scrutiny: gold importers and traders must hold an SBV-issued Gold Business License; all gold transactions are subject to 10% Special Consumption Tax (SCT), 10% VAT, and 5% import duty; monthly tax declarations (VAT, SCT, CIT) are mandatory; unlicensed operations face fines up to VND 200 million and license revocation. Foreign businesses—including Chinese jewelry exporters, ASEAN trading firms, and fintech platforms handling gold-backed instruments—must verify license status, update customs valuation protocols for volatile pricing, and ensure real-time tax accruals aligned with daily SJC benchmark rates. No new regulation is introduced, but enforcement of existing Decree 24/2012/ND-CP and Circular 18/2023/TT-BTC is intensified amid price volatility.