Market surveillance authorities have the power to impose penalties for administrative violations against regulations on petroleum, petrol and oil trading in Vietnam

According to Article 61 of Decree No. 99/2020/ND-CP of Vietnam’s Government, the power to impose penalties of market surveillance authorities for administrative violations against regulations on petroleum, and petrol, oil and gas trading is as follows:

1. Market surveillance officials on duty are entitled to impose a maximum fine of VND 500,000 and VND 1,000,000 on an individual and an organization respectively.

2. Leaders of market surveillance teams are entitled to:

- impose a maximum fine of VND 25,000,000 and VND 50,000,000 on an individual and an organization respectively;

- confiscate the exhibits and instrumentalities used for administrative violation commission, the value of which does not exceed the fine specified in Point a of this Clause;

- enforce the remedial measures mentioned in Points a, c, d, dd and e Clause 3 Article 4 hereof.

3. Provincial Market Surveillance Departments and Director of Market Surveillance Operations Department affiliated to Vietnam Directorate of Market Surveillance are entitled to:

- impose a maximum fine of VND 50,000,000 and VND 100,000,000 on an individual and an organization respectively;

- suspend the petrol and oil trading license or the gas trading license or suspend the operation;

- confiscate the exhibits and instrumentalities used for administrative violation commission, the value of which does not exceed the fine specified in Point a of this Clause;

- enforce the remedial measures mentioned in Clause 3 Article 4 hereof.

4. Director General of the Vietnam Directorate of Market Surveillance is entitled to:

- impose a maximum fine of VND 100,000,000 and VND 200,000,000 on an individual and an organization respectively;

- suspend the petrol and oil trading license or the gas trading license or suspend the operation;

- confiscate the exhibits and instrumentalities used for administrative violation commission;

- enforce the remedial measures mentioned in Clause 3 Article 4 hereof.

View more details at Decree No. 99/2020/ND-CP that was issued on August 26, 2020 by Vietnam’s Government.

Le Vy

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