During the Lunar New Year, lucky money is one of the indispensable customs of Vietnamese people, and the image of red envelopes has been imprinted in everyone's subconscious. In order to make Tet more lively and innovative, red envelopes printed with all shapes and colors were born, including lucky money bags printed with Vietnamese money.
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Is the act of printing Vietnamese money on red packets illegally? LawNet would like to answer this question as following:
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Currently, pursuant to Clause 3 Article 3 of the Decision No. 130/2003/QĐ-TTg on the protection of Vietnamese money issued by the Prime Minister of Vietnam, the act of “Duplicating Vietnamese money for any purposes without written consents of the State Bank” is strictly prohibited.
The act of printing Vietnamese money on red packets is simply to create more colors for the new year, not for the purpose of cheating, used as fake money, but this is still a prohibited act and if violated, the person who commits will be punished according to the law of Vietnam.
Regarding the level of sanction for the act of printing Vietnamese money on red packets, according to Clauses Clauses 4 and 5, Article 31 of Decree No. 88/2019/ND-CP, the specific fine levels are as follows:
Article 31. Violations against regulations on protection of Vietnam’s cash
4. A fine ranging from VND 40,000,000 to VND 50,000,000 shall be imposed for photocopying, printing or using design, a part of or all images, elements or patterns on Vietnam's cash against law regulations.
5. Additional penalties:
All exhibits and instrumentalities used for committing any of the administrative violations prescribed in Clauses 2, 3 and 4 of this Article shall be confiscated and turned over to competent authorities.
Previously, according to the old regulations in Decree No. 96/2014/ND-CP, the fine for copying Vietnam money is from VND 40,000,000 to VND 80,000,000, however, according to current regulations of Decree No. 88/2019/ND-CP, this fine has been reduced to from VND 40,000,000 to VND 50,000,000. Although it has been reduced, this is still a very large penalty for copying Vietnamese money onto red packets, which is not for bad purposes but may cause many consequences. To have a happy and lucky new year, people must pay close attention to avoid the above violations.
Le Hai
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- Decree No. 88/2019/ND-CP
