Vietnam: Forging a processing contract with a foreign trader shall be fined from VND 20 million to VND 40 million

14:45, 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.

Giả mạo HĐ gia công với thương nhân nước ngoài, Nghị định 98/2020/NĐ-CP

According to Article 45 of the Decree No. 98/2020/NĐ-CP of Vietnam’s Government, administrative penalties for violations against regulations on processing of goods involving foreign elements are specified as follows:

1. A fine ranging from VND 10.000.000 to VND 20.000.000 shall be imposed for making or receiving orders for processing of goods of foreign traders without entering into processing contracts as prescribed.

2. A fine ranging from VND 20.000.000 to VND 40.000.000 shall be imposed for committing one of the following violations:

- Selling leased or borrowed machinery and equipment, raw materials, auxiliary materials, unused materials, scrap and waste temporarily imported to serve processing activities and - - Forging a processing contract with a foreign trader.

3. A fine ranging from VND 40.000.000 to VND 70.000.000 shall be imposed for failing to obtain approval from a competent authority when making or receiving orders of processing of goods of foreign traders, which are exported or imported goods requiring license.

4. A fine ranging from VND 70.000.000 to VND 100.000.000 shall be imposed for committing one of the following violations:

- Failing to obtain a written approval from a competent authority when receiving a foreign trader’s order for processing of goods which are included in the list of goods banned from export or import or in the list of goods subject to suspended export or import;

- Placing an order for overseas processing, for sale on the domestic market, of goods which are banned from export or import, or subject to suspended export or import, or against which the emergency measure that is prohibition of sale of goods is implemented, or which are recalled or suspended from being sold, or which fail to meet food safety requirements.

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

Ty Na

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

66 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn