Vietnam Proposes Zero One Tenth Percent Tax on Gold Trades

The Vietnamese government has introduced a draft amendment to the Personal Income Tax Law that includes a zero point one percent rate on bullion gold transactions. Finance Minister Nguyen Van Thang presented the proposal on 7 November 2025. The draft is currently being examined by the National Assembly.

The levy aims to improve market transparency and curb short‑term speculative trading. Authorities stress that only companies and credit institutions licensed by the State Bank may trade bullion legally; unlicensed trading is illegal and any income from such activity is treated as ‘other income’, not business profit.

Members of the Assembly’s Economic and Finance Committee have urged caution, noting the measure could affect individuals who hold gold as a long‑term savings asset. The government has been asked to clarify the tax threshold, effective date and any rate adjustments before the regulation is enacted.