Is it possible to use gold bars to pay for real estate in Vietnam?

Is it possible to use gold bars to pay for real estate in Vietnam?

Pursuant to Clause 4, Article 19 of Decree 24/2012/ND-CP stipulating acts of violation in gold business activities include:

Acts of violation of gold business include:

1. Producing gold jewellery and fine arts without the Qualification certificate of gold jewellery and fine arts production issued by the State Bank.

2. Purchasing and selling gold bars, importing and exporting gold materials without the license issued by the State Bank.

3. Individuals bringing along gold when entering, exiting the country exceeding the limit prescribed by law without the written permission from the State Bank.

4. Using gold as a mean of payment.

5. Producing gold bars in contravention of this Decree.

6. Conducting other gold business without being permitted by the Prime Minister licensed by the State Bank.

7. Violations of other provisions of this Decree and other relevant law provisions.

Thus, using gold as a mean of payment is a violation of the law in Vietnam. Therefore, your mother cannot use gold as a means of payment when buying the land mentioned above.

Best Regards!