The State Bank of Vietnam has instructed Vinhomes to ensure that any programme linking customers’ gold holdings to real estate transactions complies with Vietnamese law, following publicity around a Vingroup and Vinhomes customer support scheme for property deals involving gold. It pointed to requirements under the Law on Credit Institutions, the Ordinance on Foreign Exchange, Decree 24/2012 on gold business as amended by Decree 232/2025, and laws on real estate business and consumer protection. The central bank also said such programmes must avoid adverse effects on the market, businesses, the public and state management. More broadly, the State Bank of Vietnam reiterated that policy seeks to channel gold held by the public into economic activity while limiting hoarding, speculation and the use of gold as a means of payment. Any programme by an organisation or individual that raises funds through gold or uses gold directly or indirectly for payment must comply with the law, and violations will be handled strictly.
State Bank of Vietnam2026-05-29
State Bank of Vietnam tells Vinhomes to ensure gold-linked property transaction programs comply with payment and gold trading rules
The State Bank of Vietnam has instructed Vinhomes to ensure any programme linking customers’ gold holdings to real estate transactions complies with Vietnamese law, including the Law on Credit Institutions, the Ordinance on Foreign Exchange, Decree 24/2012 as amended by Decree 232/2025, and laws on real estate business and consumer protection. The central bank reiterated that policy aims to channel public gold into economic activity while limiting hoarding and speculation, and warned that any gold-based fundraising or payment schemes must comply with the law or face enforcement.