--- title: "Vietnam Gold Market Late October 2026: Decree 390 and SJC" description: Decree 390 mandates non-cash payments from October 16, 2026 as domestic SJC bars hold at 141.7 million VND and world gold hovers near 4,000 USD ahead of Fed. url: https://ginity.vn/en/blog/vietnam-gold-market-decree-390-late-october-2026 canonical: https://ginity.vn/en/blog/vietnam-gold-market-decree-390-late-october-2026 markdown: https://ginity.vn/en/blog/vietnam-gold-market-decree-390-late-october-2026.md language: en datePublished: 2026-10-27T00:00:00+07:00 dateModified: 2026-10-27T00:00:00+07:00 author: name: Gini url: https://ginity.vn/en/authors/gini reviewer: Ginity Editorial Desk analyst: name: Đào Ngọc Bảo Linh role: Finance and securities specialist location: Ho Chi Minh City telephone: "+84932439639" generatedBy: name: Ginix Harness url: https://ginix.vn desk: id: macro name: Macro & monetary url: https://ginity.vn/en/topics/macro tickers: [] sources: - name: Portal of the Government of Vietnam url: https://xaydungchinhsach.chinhphu.vn/nghi-dinh-so-390-2026-nd-cp-sua-doi-bo-sung-quy-dinh-quan-ly-hoat-dong-kinh-doanh-vang-119261017180443142.htm title: Decree 390/2026/ND-CP amending regulations on gold business activities - name: Vietnam Government Portal News url: https://baochinhphu.vn/tu-16-10-2026-mua-ban-vang-trong-ngay-tu-5-trieu-dong-phai-thanh-toan-khong-dung-tien-mat-102261017172716946.htm title: From October 16, 2026 daily gold trading from 5 million VND requires non-cash payment - name: VnEconomy url: https://vneconomy.vn/gia-vang-nhan-4-so-9-giam-nhe-vang-mieng-sjc-dung-im.htm title: Gold ring prices ease slightly while SJC bullion stands still - name: CafeF url: https://cafef.vn/gia-vang-giam-tiep-trong-tuan-nay-188261026094139768.chn title: Will gold prices decline further this week? - name: VnEconomy url: https://vneconomy.vn/tin-hieu-tu-fed-co-the-gay-bien-dong-gia-vang-trong-tuan-nay.htm title: Fed policy signals could drive gold price volatility this week - name: VietnamPlus url: https://www.vietnamplus.vn/gia-vang-ghi-nhan-tuan-giam-manh-nhat-trong-hon-4-thang-post1143966.vnp title: World gold price records sharpest weekly decline in over four months - name: Federal Reserve url: https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm title: Federal Reserve issues FOMC statement publisher: Ginity attribution: 'Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content.' disclaimer: "Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources." usageTerms: https://ginity.vn/ai.txt --- # Vietnam Gold Market Late October 2026: Decree 390 and SJC > Decree 390 mandates non-cash payments from October 16, 2026 as domestic SJC bars hold at 141.7 million VND and world gold hovers near 4,000 USD ahead of Fed. Gini · Macro & monetary · 2026-10-27 · https://ginity.vn/en/blog/vietnam-gold-market-decree-390-late-october-2026 _Lead analyst: Đào Ngọc Bảo Linh · Finance and securities specialist · Ho Chi Minh City · 0932 439 639_ ## Key takeaways - The Government issued Decree 390/2026/ND-CP effective October 16, 2026 requiring non-cash payment for daily gold transactions of 5 million VND or more. - Domestic SJC gold bars were quoted at 138.7 to 141.7 million VND per tael on October 26, 2026, holding steady through the morning until 14:30. - World spot gold closed the week in New York on Friday, October 23, 2026 (US time) in the range of 3,996–3,998 USD per ounce according to VnEconomy and VietnamPlus. - The US Federal Reserve raised its target federal funds rate range to 3-3/4 to 4 percent with a 12-0 vote on September 16, 2026. The precious metals market in Vietnam during late October 2026 saw updated regulatory requirements for gold transactions alongside price adjustments across domestic trading desks. Operating conditions across gold trading enterprises conformed to the newly effective regulatory framework. Internationally, spot bullion moved sharply during late October 2026. Global bullion price movements and international monetary policy decisions represented key developments across financial markets in late 2026. ## Regulatory Framework: Decree 390 from October 16, 2026 Regarding the regulatory framework, the Government introduced an updated legal instrument governing precious metal transactions. According to the official document published on the [Portal of the Government of Vietnam](https://xaydungchinhsach.chinhphu.vn/nghi-dinh-so-390-2026-nd-cp-sua-doi-bo-sung-quy-dinh-quan-ly-hoat-dong-kinh-doanh-vang-119261017180443142.htm), Deputy Prime Minister Nguyen Van Thang signed Decree 390/2026/ND-CP on October 16, 2026, taking legal effect from October 16, 2026, amending and supplementing several provisions of Decree 24/2012/ND-CP on gold business operations. According to details reported by [Vietnam Government Portal News](https://baochinhphu.vn/tu-16-10-2026-mua-ban-vang-trong-ngay-tu-5-trieu-dong-phai-thanh-toan-khong-dung-tien-mat-102261017172716946.htm) on October 17, 2026, Decree 390/2026/ND-CP amends several clauses of Article 4 of Decree 24/2012/ND-CP regarding management principles. Specifically, clause 10 of Article 4 mandates that starting from October 16, 2026, when settling gold purchases or sales with an aggregate daily value of 5 million VND or higher, customers must execute payment via non-cash payment instruments in accordance with legal regulations on non-cash payments. This regulatory standard aims to increase transaction transparency and strengthen financial tracking across physical precious metal distribution networks. ## Domestic Trends: SJC and Plain Rings on October 26, 2026 Across the domestic bullion trade, pricing trends showed divergence between product categories and major retail brands. According to market data compiled by [VnEconomy](https://vneconomy.vn/gia-vang-nhan-4-so-9-giam-nhe-vang-mieng-sjc-dung-im.htm), during the trading session on October 26, 2026, Saigon Jewelry Company (SJC) and PNJ quoted SJC gold bars at 138.7 million VND per tael for buying and 141.7 million VND per tael for selling, keeping these price levels unchanged through the morning until 14:30 on October 26, 2026. According to trading figures published by [CafeF](https://cafef.vn/gia-vang-giam-tiep-trong-tuan-nay-188261026094139768.chn) at 9:00 AM on October 26, 2026, SJC gold bars were quoted at 138.7 to 141.7 million VND per tael (buying - selling). During the session of October 26, 2026, the bid-ask spread for SJC gold bars remained at 3.0 million VND per tael. In the plain ring and jewelry segment, domestic brands reflected mild downward adjustments tracking international market movements according to summary reporting by [VnEconomy](https://vneconomy.vn/gia-vang-nhan-4-so-9-giam-nhe-vang-mieng-sjc-dung-im.htm) on October 26, 2026. Trading enterprises continued adapting their operational desks to comply with electronic payment settlement workflows. ## International Markets: Spot Gold Near 4,000 USD In global trading centers, precious metals experienced a pullback during late October 2026. According to market data published by [VnEconomy](https://vneconomy.vn/tin-hieu-tu-fed-co-the-gay-bien-dong-gia-vang-trong-tuan-nay.htm) on October 26, 2026 and [VietnamPlus](https://www.vietnamplus.vn/gia-vang-ghi-nhan-tuan-giam-manh-nhat-trong-hon-4-thang-post1143966.vnp) on October 24, 2026, spot gold closed the trading week in New York on Friday, October 23, 2026 (US time) in the range of 3,996–3,998 USD per ounce, recording a 4% weekly decline amid energy market pressures. Entering the trading week on October 26, 2026, spot bullion hovered around the 4,000 USD per ounce mark. According to market reporting by [VnEconomy](https://vneconomy.vn/tin-hieu-tu-fed-co-the-gay-bien-dong-gia-vang-trong-tuan-nay.htm) on October 26, 2026, the international gold market faced continued selling pressure as investors monitored upcoming monetary policy deliberations from the Fed. ## Monetary Policy Context and Fed Policy Decision in 2026 The immediate focus for global institutions and currency desks centers on the interest rate stance of the US monetary authority. According to the official statement issued by the [Federal Reserve](https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm), the Federal Open Market Committee (FOMC) voted 12-0 on September 16, 2026 to raise the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4 percent, in support of the Federal Reserve's dual mandate. This article compiles public regulatory records and established financial reports for objective informative purposes. The content does not constitute investment advice, trading recommendations, or price targets for any financial instrument or physical commodity. ## Sources - Portal of the Government of Vietnam: [Decree 390/2026/ND-CP amending regulations on gold business activities](https://xaydungchinhsach.chinhphu.vn/nghi-dinh-so-390-2026-nd-cp-sua-doi-bo-sung-quy-dinh-quan-ly-hoat-dong-kinh-doanh-vang-119261017180443142.htm) (17/10/2026) - Vietnam Government Portal News: [From October 16, 2026 daily gold trading from 5 million VND requires non-cash payment](https://baochinhphu.vn/tu-16-10-2026-mua-ban-vang-trong-ngay-tu-5-trieu-dong-phai-thanh-toan-khong-dung-tien-mat-102261017172716946.htm) (17/10/2026) - VnEconomy: [Gold ring prices ease slightly while SJC bullion stands still](https://vneconomy.vn/gia-vang-nhan-4-so-9-giam-nhe-vang-mieng-sjc-dung-im.htm) (26/10/2026) - CafeF: [Will gold prices decline further this week?](https://cafef.vn/gia-vang-giam-tiep-trong-tuan-nay-188261026094139768.chn) (26/10/2026) - VnEconomy: [Fed policy signals could drive gold price volatility this week](https://vneconomy.vn/tin-hieu-tu-fed-co-the-gay-bien-dong-gia-vang-trong-tuan-nay.htm) (26/10/2026) - VietnamPlus: [World gold price records sharpest weekly decline in over four months](https://www.vietnamplus.vn/gia-vang-ghi-nhan-tuan-giam-manh-nhat-trong-hon-4-thang-post1143966.vnp) (24/10/2026) - Federal Reserve: [Federal Reserve issues FOMC statement](https://www.federalreserve.gov/newsevents/pressreleases/monetary20260916a.htm) (16/09/2026) --- _Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content._ _Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources._