A variable gain amplifying circuit incorporates an operational amplifier, an input device, a feedback device, a transconductance circuit, and a dynamic biasing circuit. The operational amplifier has an output terminal providing an amplified difference output signal. The input device has a first terminal receiving a first input signal, and a second terminal coupled to a first input terminal of the operational amplifier. The feedback device is coupled between the first input terminal of the operational amplifier and the output terminal of the operational amplifier. The dynamic biasing circuit generates a bias current according to a set value. The transconductance circuit converts the difference between the first input signal and a second input signal into an analog output current flowing through the feedback device. The analog output current of the transconductance circuit is varied according to the bias current.