Vietnam: Provision of services included in the list of banned business lines shall be fined up to VND 80 million

11:15, 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.

Kinh doanh dịch vụ thuộc ngành, nghề cấm kinh doanh, Nghị định 98/2020/NĐ-CP

According to Article 7 of the Decree No. 98/2020/NĐ-CP of Vietnam’s Government, penalties for provision of services included in the list of banned business lines are as follows:

- A fine ranging from VND 60.000.000 to VND 80.000.000 shall be imposed for providing services included in the list of banned business lines.

- Additional penalty: The exhibits and instrumentalities used for committing the violation shall be confiscated.

- Remedial measure: The violating entity is compelled to return any benefits illegally obtained from the commission of the violation.

Currently, 07 banned business lines are specified in Article 6 of the Law on Investment 2014 of Vietnam, including:

- Trade in the narcotic substances;

- Trade in the chemicals and minerals;

- Trade in specimens of wild flora and fauna;

- Prostitution;

- Human trafficking; trade in human tissues and body parts;

- Business pertaining to human cloning;

- Trade in firecrackers.

Thus, a fine ranging from VND 60.000.000 to VND 80.000.000 shall be imposed for providing services included in the list of banned business lines mentioned above. Concurrently, the violating entity is also subject to additional penalty and remedial measure as prescribed by law.

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

Thuy Tram

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

63 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