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ID and Cash Limits for Buying Silver in Vietnam

Vietnam's strict trading rules (bank-account payment from VND 20 million a day, licensed gold-bar sellers recording your citizen ID) are in Decree 232/2025/ND-CP and its circulars, and they cover gold only. For silver, no national cash cap or ID threshold was found. Dealers in precious metals and gems report large-value transactions of VND 400 million or more to the State Bank under anti-money-laundering rules.

Facts checked 31 October 2026 · Not financial, legal or tax advice

At a glance

SituationRuleNotes
BuyingNo fixed ID threshold found for silver.The citizen-ID and data-sharing duties under Circular 34/2025 are for gold bars.
Paying cashNo silver-specific cap found.The VND 20 million bank-account rule in Decree 232 covers gold trading only.
SellingNo silver-specific rule found.Gold-bar licensing doesn't apply, so any dealer can buy silver from you.
ReportedLarge-value transactions of VND 400 million+ under AML rules.Suspicious transactions are reported at any amount.

The rules in detail

  • Under Decision 11/2023/QD-TTg, reporting entities, including dealers in precious metals and gems, report transactions of VND 400 million or more to the State Bank (since 1 December 2023). Silver dealers fall under these general AML rules.
  • Decree 232/2025/ND-CP (from 10 October 2025) amends Decree 24/2012 on gold trading: payments of VND 20 million or more per customer per day must go between bank accounts. It covers gold only, not silver.
  • Under Circular 34/2025/TT-NHNN, licensed gold-bar sellers send buyers' citizen ID details and deal data to the State Bank. This is a gold-bar rule.

When you sell

  • No national rule was found that sets an ID requirement or a cash limit when you sell silver.
  • A deal of VND 400 million or more with a precious-metal dealer may be reported under AML rules.

Gold

  • Gold purchases and sales of VND 20 million or more a day must be paid between your bank account and the dealer's, and gold bars can only be traded with licensed sellers, who record your citizen ID.
ID and cash limits for silver in other countries: United States · Canada · Mexico · Brazil · United Kingdom · Ireland · Germany · France · Italy · Netherlands · Switzerland · Turkey · UAE · Saudi Arabia · Kuwait · Qatar · Bahrain · Oman · Egypt · South Africa · India · Pakistan · Bangladesh · Nepal · Sri Lanka · China · Hong Kong · Japan · South Korea · Singapore · Malaysia · Thailand · Indonesia · Philippines · Australia · New Zealand · all countries
See also: Silver price in Vietnam · VAT on silver in Vietnam · Silver travel allowance · Gold rules in Vietnam

Silver ID and Cash Limits in Vietnam: FAQ

Can I pay cash for silver in Vietnam?

No silver-specific cash cap was found. The rule that payments of VND 20 million or more a day must go through bank accounts is in Decree 232, which covers gold only.

Do I need ID to buy silver in Vietnam?

No fixed amount was found. The citizen-ID recording rule applies to gold bars. Large-value deals of VND 400 million or more with a precious-metal dealer are reported under AML rules.

Does Vietnam's VND 20 million rule apply to silver?

No. Decree 232/2025 amends the gold-trading decree and covers gold only.

Sources (3)

General information for individuals buying or selling silver, checked October 2026. Rules change and dealers may ask for more than the legal minimum; check with the dealer or the regulator. Not legal advice.