Vietnam: Fines for violations against regulations on entrusted export and import

14:27, 29/08/2020

Recently, the Government of Vietnam has issued the Decree No. 98/2020/NĐ-CP prescribing penalties for administrative violations against regulations on commerce, production and trade in counterfeit and prohibited goods, and protection of consumer rights.

ủy thác xuất khẩu, nhập khẩu hàng hóa, Nghị định 98/2020/NĐ-CP

According to Article 39 of the Decree No. 98/2020/NĐ-CP of Vietnam’s Government, administrative penalties for violations against regulations on entrusted export and import are as follows:

- A fine ranging from VND 10.000.000 to VND 20.000.000 shall be imposed for failing to meet relevant conditions when offering or receiving entrustment for export or import of goods included in the list of goods to be temporarily imported or exported under certain conditions.

- A fine ranging from VND 20.000.000 to VND 30.000.000 shall be imposed for failing to obtain the quota or license from a competent authority when offering or receiving entrustment for export or import of goods included in the list of goods exported or imported upon quota, export license or import license.

- A fine ranging from VND 30.000.000 to VND 40.000.000 shall be imposed for offering or receiving entrustment for export or import of goods included in the list of goods subject to suspended export or the list of goods subject to suspended import.

- A fine ranging from VND 40.000.000 to VND 50.000.000 shall be imposed for offering or receiving entrustment for export or import of goods included in the list of goods banned from export or the list of goods banned from import.

View more details at the Decree No. 98/2020/NĐ-CP of Vietnam’s Government, effective from October 15, 2020.

Ty Na

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