Vietnam: A fine of up to VND 500,000,000 shall be imposed for any act arising from real property business

According to Clause 10 Article 1 of the Law on amendments and supplements to certain articles of Law on handling of administrative violations 2020 of Vietnam, amending and supplementing Clause 1 Article 24 of the Law on handling of administrative violations 2012, the maximum penalty amounts imposed upon individuals for their acts falling within the scope of state management shall be subject to the following regulations:

- A fine of up to VND 30,000,000 shall be imposed for any act arising in such sectors as marriage and family; gender equality; domestic violence; archives; beliefs and religions; emulation and rewards; judicial administration; population; environmental sanitation; statistics; foreign affairs;

- A fine of up to VND 40,000,000 shall be imposed for any act arising in such sectors as public order, security and social safety; obstruction of proceedings; enforcement of civil judgements; bankruptcy of enterprises and cooperatives; electronic transactions; post;

- A fine of up to VND 50,000,000 shall be imposed for any act arising in such sectors as firefighting and fire protection; rescue; judicial support; preventive health care; HIV/AIDS prevention and control; culture; sports; tourism; science and technology management; technology transfer; child protection and care; social protection and relief; natural disaster prevention and control; plant protection and quarantine; management and conservation of genetic resources (except animal genetic resources); cultivation (except fertilizers); veterinary medicine; accounting; independent audit; fees and charges; public asset management; invoices; national reserves; chemicals; hydrometeorology; measuring and mapping; enterprise registration; state audit;

- A fine of up to VND 75,000,000 shall be imposed for any act arising in such sectors as ciphering; national border management and protection; national defense and security; labor; education; vocational education; road traffic; railway traffic; inland waterway traffic; health insurance; social insurance; unemployment insurance; prevention and control of social evils;

- A fine of up to VND 100,000,000 shall be imposed for any act arising in such sectors as levees; medical examination and treatment; cosmetics; pharmaceuticals, medical equipment; animal husbandry; fertilizers; advertisement; betting and games with prizes; management of overseas labor; maritime transportation; civil aviation operations; traffic works management and protection; information technology; telecommunications; radio frequencies; cybersecurity; information security; publishing; printing; commerce; customs, tax procedures; lottery business; insurance business; thrift and anti-extravagance practice; control of explosive materials; electricity;

- A fine of up to VND 150,000,000 shall be imposed for any act arising in such sectors as price management; quarrying, production and trading of construction materials; technical infrastructure project management; management and development of residential houses and offices; bidding; investment;

- A fine of up to VND 200,000,000 shall be imposed for any act arising from the production and trading of banned commodities, counterfeit products; protection of consumer’s rights;

- A fine of up to VND 250,000,000 shall be imposed for any act arising from investigation, planning, exploration, abstraction, use of water resources; irrigation; intellectual property; press;

- A fine of up to VND 500,000,000 shall be imposed for any act arising from construction; forestry; land; real property business;

- A fine of up to VND 1,000,000,000 shall be imposed for any act arising from management of waters, islands and continental shelf of the Socialist Republic of Vietnam; management of nuclear and radioactive substances, atomic energy; currency, precious metals, gemstones, banking, credit; oil, gas and other mineral activities; environmental protection; seafood.

View more details at the Law on amendments and supplements to certain articles of Law on handling of administrative violations 2020 of Vietnam, effective from January 01, 2022.

Le Vy

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