Vietnam: Violations against regulations on disposition of infrastructure property shall be fined up to VND 20 million

According to Article 25 of the Decree No. 63/2019/NĐ-CP of Vietnam’s Government, a fine ranging from VND 10,000,000 to VND 20,000,000 shall be imposed for disposition of property without decision issued by a competent authority or officer.

Moreover, fines for other violations against regulations on disposition of infrastructure property are as follows:

- A fine ranging from VND 1,000,000 to VND 5,000,000 shall be imposed for one of the following violations:

+ Failing to make declaration or plan for disposition of infrastructure property as regulated by laws;

+ Failing to request competent authorities to appropriate, transfer, sell, liquidate or destruct infrastructure property when meeting regulatory requirements (unless a public property is still used to serve demand of an authority, organization or enterprise although its term of use expires as regulated by law; in such case, the property disposition shall be subject to decision of the head of that authority, organization or enterprise);

+ Failing to submit reports to competent authorities for disposition of property that is lost or damaged.

- A fine ranging from VND 5,000,000 to VND 10,000,000 shall be imposed for one of the following violations:

+ Failing to maintain infrastructure property pending its disposition;

+ Improperly declaring list and current status of property requiring disposition resulting in a decision on disposition of property made inconsistently with regulations.

The amount of money payable which is equivalent to the value of property lost or damaged is determined according to regulations in Clause 6 Article 15 hereof.

View full text at Decree No. 63/2019/NĐ-CP of Vietnam’s Government, effective from September 01, 2019.

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