Fine of up to VND 60,000,000 for act of trading petrol and oil without a petrol and oil trading license in Vietnam

Fine of up to VND 60,000,000 for act of trading petrol and oil without a petrol and oil trading license in Vietnam (Internet image)

Article 19 of Decree 99/2020/ND-CP, stipulates penalalties other violations against regulations on petrol and oil trading conditions in Vietnam as follows:

1. A fine ranging from VND 10,000,000 to VND 20,000,000 shall be imposed for making interlineations, erasures or alternations on the petrol and oil trading license.

2. A fine ranging from VND 20,000,000 to VND 40,000,000 shall be imposed for any of the following violations:

- Leasing, lending, selling or transferring the petrol and oil trading license or putting up it as collateral;

- Renting, borrowing or acquiring the petrol and oil trading license or receiving it as collateral.

3. A fine ranging from VND 40,000,000 to VND 60,000,000 shall be imposed for any of the following violations:

- Trading petrol and oil without a petrol and oil trading license as prescribed, except for the cases specified in Clause 2 Article 14 and Clause 2 Article 27 of Decree 99/2020/ND-CP,;

- Trading petrol and oil with an expired petrol and oil trading license;

- Using another trader’s petrol and oil trading license to trade petrol and oil;

- Trading petrol and oil against the issued petrol and oil trading license.

4. A fine ranging from VND 60,000,000 to VND 100,000,000 shall be imposed for continuing to carry out business activities while the competent authority has suspended operation, suspended or revoked the petrol and oil trading license, except for case specified in Clause 2 Article 27 of Decree 99/2020/ND-CP,.

5. A fine that is twice as much as the fine imposed for the violations mentioned in Clause 1 through 4 of Article 19 of Decree 99/2020/ND-CP shall be imposed for an administrative violation committed by a petrol and oil exporter/importer, petrol and oil distributor petrol oil general agent.

More details can be found in Decree 99/2020/ND-CP, issued on August 26, 2020.

Le Vy

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