This is a notable content of the Decree No. 130/2020/NĐ-CP of the Government of Vietnam on controlling asset and income of persons holding titles and powers in agencies, organizations and entities.
According to Article 20 of the Decree No. 130/2020/NĐ-CP of Vietnam’s Government, persons obliged to make declarations who fail to stay truthful or truthfully explain origin of additional assets and income shall be met with penalties depending on nature and severity of the violations as follows:
- Any candidate for the position of delegate of the National Assembly or the People’s Council that fails to make a truthful declaration of his/her assets and income or fails to provide truthful explanation for the increase in his/her assets and income shall be removed from the list of candidates.
- Any person who is expected to be designated, re-designated or nominated for a position but fails to make a truthful declaration of his/her assets and income or fails to provide truthful explanation for the increase in his/her assets and income shall no longer be designated, re-designated or nominated.
- An individual required to declare assets and income other than the 2 above-mentioned cases who fails to make a truthful declaration of his/her assets and income or fails to provide truthful explanation for the increase in his/her assets and income shall face one of the disciplinary actions including warning, demotion, dismissal; such a person who is expected to hold a managerial position will be rejected. (Note: Disciplinary actions may be exempted if the violator voluntarily resigns from the position).
Thus, according to the above provisions, officials required to declare assets and income who fails to make a truthful declaration of his/her assets and income or fails to provide truthful explanation for the increase in his/her assets and income shall face one of the disciplinary actions including warning, demotion, dismissal, depending on nature and severity of the violations.
View more details at the Decree No. 130/2020/NĐ-CP of Vietnam’s Government, effective on December 20, 2020.
Ty Na
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