How are fines for exchanging public property inconsistently with Vietnam’s regulations?

08:22, 14/07/2019

Recently, the Government of Vietnam has issued the Decree No. 63/2019/NĐ-CP on penalties for administrative violations against regulations on management and use of public property, thrift practice and wastefulness combat, national reserve and state treasury.

According to Article 10 of the Decree No. 63/2019/NĐ-CP of Vietnam’s Government, fines shall be imposed for exchanging public property inconsistently with regulations (an organization uses its public property to exchange for the property of another organization or individual without permission of a competent authority or person). To be specific:

muc phat hanh vi trao doi tai san cong khong dung quy dinh, Nghi dinh 63/2019/NĐ-CP

- A fine ranging from VND 1,000,000 to VND 5,000,000 shall be imposed if the exchanged property is worth less than VND 100,000,000;

- A fine ranging from VND 5,000,000 to VND 10.000.000 shall be imposed if the exchanged property is worth VND 100,000,000 or more;

- A fine ranging from VND 10,000,000 to VND 20,000,000 shall be imposed if the exchanged property is working office, public service facility or car.

Besides, a fine ranging from VND 20,000,000 to VND 50,000,000 shall be imposed for giving public property inconsistently with regulations (using public property as gifts inconsistently with regulations on giving of gifts promulgated by competent authorities).

In addition to fines, the violator is also compelled to return the property or pay an amount equivalent to the value of the exchanged or given property.

View full text at Decree No. 63/2019/NĐ-CP of Vietnam’s Government, effective from September 01, 2019.

Thu Ba

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