Vietnam: Carrying out salvage of sunken property without permission shall be fined up to VND 20 million

Specifically, according to Article 23 of Decree No. 162/2013/NĐ-CP of Vietnam’s Government, penalties for violations against other regulations on salvage of sunken property within territorial waters, islands and continental shelf of the Socialist Republic of Vietnam are as follows:

1. A fine ranging from VND 500,000 to VND 1,000,000 shall be imposed for failure to provide or improper provision of notifications or reports on property sunken at sea.

2. A fine ranging from VND 10,000,000 to VND 20,000,000 shall be imposed for one of the following violations:

- Failure to install or delayed installation of warning signs conformable with the location of sunken property;

- Failure to complete the salvage of sunken property within the prescribed time limit;

- Carrying out of salvage of sunken property without obtaining a written permission from a competent authority;

- Failure to transfer or partial transfer of properties salvaged at sea by chance to competent authorities.

3. A fine ranging from VND 20,000,000 to VND 50,000,000 shall be imposed for failure to salvage sunken property which is not considered dangerous.

4. A fine ranging from VND 70,000,000 to VND 100,000,000 shall be imposed for failure to salvage sunken property which is considered dangerous.

Concurrently, Decree No. 162/2013/NĐ-CP stipulates that additional penalties are to confiscate the exhibits and instrumentalities of the administrative violation of carrying out salvage of sunken property without obtaining a written permission from a competent authority.

View more details at Decree No. 162/2013/NĐ-CP of Vietnam’s Government, effective from January 01, 2014.

Ty Na

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE