Legal Counselling

Vietnam: A fine ranging from VND 10 million to VND 20 million shall be imposed for illegally using the license for merchanting trade

14:12, 29/08/2020

This is a notable content of the Decree No. 98/2020/NĐ-CP of Vietnam’s Government prescribing penalties for administrative violations against regulations on commerce, production and trade in counterfeit and prohibited goods, and protection of consumer rights.

Sử dụng trái phép giấy phép chuyển khẩu hàng hóa, Nghị định 98/2020/NĐ-CP

According to Article 41 of the Decree No. 98/2020/NĐ-CP of Vietnam’s Government, administrative penalties for violations against regulations on merchanting trade are as follows:

1. A fine ranging from VND 5.000.000 to VND 10.000.000 shall be imposed for deliberately erasing, altering or changing contents of the license for merchanting trade.

2. A fine ranging from VND 10.000.000 to VND 20.000.000 shall be imposed for illegally using the license for merchanting trade.

3. A fine ranging from VND 20.000.000 to VND 30.000.000 shall be imposed for conducting merchanting trade of goods of a wrong type or quantity exceeding the one specified in the license issued by a competent authority.

4. A fine ranging from VND 30.000.000 to VND 50.000.000 shall be imposed for committing one of the following violations:

- Failing to obtain a license when conducting merchanting trade of goods requiring license issued by a competent authority;

- Conducting merchanting trade of goods included in the list of goods subject to suspended merchanting trade.

5. A fine ranging from VND 50.000.000 to VND 80.000.000 shall be imposed for conducting merchanting trade of goods included in the list of goods banned from merchanting trade.

View more details at the Decree No. 98/2020/NĐ-CP of Vietnam’s Government, issued on August 24, 2020.

Le Vy

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

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