What are administrative violations against the law on price management of Vietnam and penalties therefor? LawNet would like to summarize these contents in the table below.
Article table of contents
DOWNLOAD Summary of fines for administrative violations against the law on price management
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No. |
Group of violation |
Violation |
Fine |
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1 |
Violations against regulations on price stabilization |
Late report that is 05 working days behind schedule at the request of competent authorities to serve price stabilization |
Warning |
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Late report that is 05 - 10 working days behind schedule |
VND 1,000,000 - VND 5,000,000 |
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Late report that exceeds 10 working days behind schedule at the request of competent authorities to serve price stabilization |
VND 5,000,000 - VND 10,000,000 |
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Failing to properly implement one of the measures for price stabilization prescribed b competent authorities |
VND 10,000,000 - VND 20,000,000 |
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Failing to take one of the measures for price stabilization prescribed by competent authorities |
VND 20,000,000 - VND 30,000,000 |
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Improperly establishing or using the Price stabilization fund |
VND 30,000,000 - VND 40,000,000 |
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Failing to establish the Price stabilization fund |
VND 40,000,000 - VND 60,000,000 |
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2 |
Violations against policies on subsidies |
Making false statements or fabricating of payment receipts to receive subsidies on prices and transport cost, and supports for the implementation of subsidy policies; improperly using subsidies and supports |
VND 20,000,000 - VND 30,000,000 |
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3 |
Violations against regulations on price stabilization |
Refusal to buy or sell goods/services at the provisional prices agreed by negotiation |
VND 20,000,000 - VND 30,000,000 |
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Failure to send reports on the agree prices to the negotiation holder |
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Failing to open price negotiation at the request of competent authorities |
VND 30,000,000 - VND 50,000,000 |
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4 |
Failure to adhere to the prices decided by competent authorities or persons |
Selling goods and services at other prices than that decided by competent authorities or persons |
VND 10,000,000 - VND 15,000,000 |
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Selling goods and services at other prices than that decided by the People’s Committees of provinces |
VND 20,000,000 - VND 25,000,000 |
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Selling goods and services at the prices that are below the minimum price or above the maximum price decided by the Minister or the Head of the ministerial agency |
VND 25,000,000 - VND 30,000,000 |
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Selling goods and services at the prices that are below the minimum price or above the maximum price decided by the Government or the Prime Minister |
VND 30,000,000 - VND 35,000,000 |
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5 |
Violations against regulations on planning prices of goods and services |
Planning prices of goods and services against the pricing methods prescribed by competent authorities |
VND 10,000,000 - VND 20,000,000 |
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Failing to plan prices of goods and services according to the pricing methods prescribed by competent authorities |
VND 20,000,000 - VND 30,000,000 |
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6 |
Violations against regulations on pricing exported rice prescribed by the Government |
Failing to report the purchase price of exported rice, making false statement of rice export prices; failing to report or reporting incorrect quantity of goods in reserve of the rice exporter to the competent authority |
VND 20,000,000 - VND 30,000,000 |
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Exporting of rice at a lower price than the floor price of exported rice announced by competent authorities |
VND 80,000,000 - VND 120,000,000 |
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7 |
Violations against regulations on price declaration and registration |
Failure to submit a lawful price declaration form after the competent state agency in charge of reception of price declaration form gives a warning or request for re-submission of another lawful price declaration form |
VND 1,000,000 - VND 3,000,000 |
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Failure to give a written notice of increased or decreased prices to competent state agencies in cases where the notice of prices must be performed as regulated by the pricing law |
VND 3,000,000 - VND 5,000,000 |
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Failure to apply the declared or registered prices with the period as regulated by the pricing law from the date on which the price registration or declaration is carried out at the competent state agencies |
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Failure to submit the price declaration form within the regulated period specified in the written request of competent state agency |
VND 5,000,000 - VND 10,000,000 |
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Failure to carry out the declaration of price decreases in conformity with the decrease of prices of price forming elements at the written request of competent state agency |
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Failure to carry out the price registration within the regulated period specified in the written request of competent state agency |
VND 10,000,000 - VND 15,000,000 |
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Failure to declare prices of from 01 to 10 items of goods or services whose prices must be declared |
VND 5,000,000 - VND 10,000,000 |
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Failure to declare prices of from 01 to 10 items of goods or services whose prices must be declared as regulated if such violation is committed or repeated in multiple times; or failure to declare prices of from 11 to 20 items of goods or services whose prices must be declared |
VND 15,000,000 - VND 20,000,000 |
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Failure to declare prices of 21 items of goods or services whose prices must be declared as regulated or above if this violation is committed or repeated in multiple times |
VND 20,000,000 - VND 25,000,000 |
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Failure to register prices of from 01 to 10 items of goods or services for which the prices must be registered as regulated |
VND 10,000,000 - VND 15,000,000 |
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Failure to register prices of from 01 to 10 items of goods or services for which the prices must be registered as regulated if such violation is committed or repeated in multiple times; or failure to register prices of from 11 to 20 items of goods or services for which the prices must be registered as regulated |
VND 15,000,000 - VND 20,000,000 |
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Failure to register prices of from 11 to 20 items of goods or services for which the prices must be registered as regulated if such violation is committed or repeated in multiple times; or failure to register prices of 21 items of goods or services for which the prices must be registered as regulated, or above |
VND 20,000,000 - VND 25,000,000 |
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Failure to register prices of 21 items of goods or services for which the prices must be registered as regulated, or above, if this violation is committed or repeated in multiple times |
VND 25,000,000 - VND 30,000,000 |
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8 |
Violations against regulations on disclosure of information about prices of goods and services |
Failure to post prices of goods and services at the locations where price posting is compulsory as regulated by law |
VND 500,000 - VND 1,000,000 |
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Posting prices in an improper way that makes customers confused |
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Failure to post prices of goods and services at the locations where price posting is compulsory as regulated by law (repeated in multiple times) |
VND 1,000,000 - VND 3,000,000 |
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Posting prices in an improper way that makes customers confused (repeated in multiple times) |
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Failure to post correct prices, or the posted prices are not in the price bracket, or are above the maximum prices, or are below the minimum prices decided by competent state agencies if relevant goods and services are in the list of goods and services priced by the Government |
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Selling goods and services that are not mentioned in Clause 5 Article 12 of Decree No. 109/2013/NĐ-CP of Vietnam’s Government at higher prices than the posted prices |
VND 5,000,000 - 10,000,000 |
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Failing to disclose information about goods and services in other methods rather than price posting, applicable to the goods and services in the list of Goods and services priced by the State, the list of goods and services subject to price stabilization and price statement |
VND 10,000,000 - VND 15,000,000 |
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Selling goods and services in the list of goods subject to price stabilization, the list of goods and services restricted from trade or traded under conditions |
VND 20,000,000 - VND 30,000,000 |
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Failing to provide information about the Price stabilization fund at the request of competent authorities |
VND 30,000,000 - VND 40,000,000 |
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9 |
Irrational increase or decrease of prices |
Tăng giá bán hàng hóa, dịch vụ cao hơn mức giá đã kê khai hoặc đăng ký với cơ quan quản lý nhà nước có thẩm quyền theo quy định của pháp luật và hàng hóa, dịch vụ bán tăng giá có tổng giá trị đến 50.000.000 đồng Increasing the price beyond the price stated or registered with competent authorities as prescribed by law, providing that the value of goods or service, the price of which is increased, is up to VND 50,000,000 |
VND 1,000,000 - VND 5,000,000 |
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Increasing the price according to the registration form or price statement form, while the competent authority has made a written request for the explanation of the registered or stated price, or has requested the suspension of the new price and a new price registration of statement, providing that the value of goods or service, the price of which is increased, is up to VND 50,000,000 |
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Tăng giá bán hàng hóa, dịch vụ cao hơn mức giá đã kê khai hoặc đăng ký với cơ quan quản lý nhà nước có thẩm quyền theo quy định của pháp luật và hàng hóa, dịch vụ bán tăng giá có tổng giá trị từ trên 50.000.000 đồng đến 100.000.000 đồng Increasing the price beyond the price stated or registered with competent authorities as prescribed by law if the value of the goods or services is from over VND 50,000,000 to VND 100,000,000 |
VND 5,000,000 - VND 10,000,000 |
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Increasing the price according to the registration form or price statement form, while the competent authority has made a written request for the explanation of the registered or stated price, or has requested the suspension of the new price and a new price registration of statement if the value of the goods or services is from over VND 50,000,000 to VND 100,000,000 |
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Increasing the price beyond the price stated or registered with competent authorities as prescribed by law if the value of the goods or services is from over VND 100,000,000 to VND 200,000,000 |
VND 10,000,000 - VND 20,000,000 |
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Increasing the price according to the registration form or price statement form, while the competent authority has made a written request for the explanation of the registered or stated price, or has requested the suspension of the new price and a new price registration of statement if the value of the goods or services is from over VND 100,000,000 to VND 200,000,000 |
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Increasing the price beyond the price stated or registered with competent authorities as prescribed by law if the value of the goods or services is from over VND 200,000,000 to VND 500,000,000 |
VND 20,000,000 - VND 40,000,000 |
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Increasing the price according to the registration form or price statement form, while the competent authority has made a written request for the explanation of the registered or stated price, or has requested the suspension of the new price and a new price registration of statement if the value of the goods or services is from over VND 200,000,000 to VND 500,000,000 |
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Increasing the price beyond the price stated or registered with competent authorities as prescribed by law if the value of the goods or services is from over VND 500,000,000 |
VND 40,000,000 - VND 60,000,000 |
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Increasing the price according to the registration form or price statement form, while the competent authority has made a written request for the explanation of the registered or stated price, or has requested the suspension of the new price and a new price registration of statement if the value of the goods or services is from over VND 500,000,000 |
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Irrational increase or decrease of goods or services, which is found during the inspection of pricing basis at the request of the Prime Minister, Ministers, Heads of ministerial agencies, Presidents of the People’s Committees of provinces |
VND 25,000,000 - VND 55,000,000 |
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10 |
Dissemination of false information about the market and prices |
Fabricating, spreading, disseminating false information about the market and prices that causes confusion and market instability |
VND 10,000,000 - VND 15,000,000 |
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Dissemination of false information about the market and prices that causes confusion and market instability via the mass media such as printed newspapers, talking newspapers, photo newspapers, online newspapers or other publications |
Fined in compliance with the laws on penalties on administrative violations against regulations on journalism and publishing |
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11 |
Violations against the laws on provision of relevant data and documents at the request of competent authorities |
Delayed provision of information about prices of goods and services at the written request of competent authorities, which is fewer than 05 working days behind schedule |
Warning |
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Delayed provision of relevant data and documents at the written request of competent authorities, which is fewer than 02 working days behind schedule, when the State valuates, inspect the pricing basis of the goods and services |
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Late submission of periodical reports at the requests of competent state agencies, which is from 05 to 15 working days behind schedule; or provision of false information about prices of goods and services at the written requests of competent state agencies |
VND 5,000,000 - VND 8,000,000 |
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Delayed provision of relevant data and documents at the request of competent authorities, which is fewer 02 - 10 working days behind schedule; provision of insufficient or in accurate data and documents at the written request of competent authorities when the State valuates, inspect the pricing basis of the goods and services |
VND 6,000,000 - VND 9,000,000 |
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Delayed provision of information at the request of competent authorities, which is over 15 working days behind schedule or after the deadline for submitting the next periodic report on prices of goods and services at the written request of competent authorities |
VND 8,000,000 - VND 11,000,000 |
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Late submission of periodical reports at the requests of competent state agencies, which is over 15 working days behind schedule |
VND 9,000,000 - VND 12,000,000 |
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Late provision of data and documents at the written requests of competent state agencies, which is over 10 working days behind schedule, when the Government carries out the valuation or inspection of the price forming elements of the goods and services |
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12 |
Fraudulent pricing |
Fraudulent pricing by changing the breaking the agreement on the time, location, sale condition, quality of goods or services upon delivery or service provision without prior notice to customers |
VND 20,000,000 - VND 30,000,000 |
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13 |
Taking advantage of economic crisis, natural disasters, wars, fire, epidemics, unusual circumstances, and state policies to impose irrational prices |
Taking advantage of economic crisis, natural disasters, wars, fire, epidemics, unusual circumstances, and state policies to impose irrational prices |
VND 20,000,000 - VND 30,000,000 |
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14 |
Violations against regulations on valuation company |
Delaying sending reports to the Ministry of Finance within 20 working days in case of failure to satisfy one of the conditions in the certificate of eligibility to provide valuation services according to legislation on pricing |
VND 5,000,000 - VND 10,000,000 |
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Delaying sending reports to the Ministry of Finance within 20 working days in case the contents of certificate of eligibility to provide valuation services are changed |
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Delaying sending reports to the Ministry of Finance within 20 working days in case the certificate of eligibility to provide valuation services is lost, torn, burn, or destroyed due to natural disasters, wars, or other force majeure |
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Delaying sending reports to the Ministry of Finance within 20 working days in case the list of valuators in the company is changed (name, date of birth, position, valuator’s card number, and date of issue) |
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Delaying sending reports to the Ministry of Finance within 20 working days in case the company undergoes division, merger, amalgamation, or conversion of ownership |
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Delaying sending reports to the Ministry of Finance within 20 working days in case the company is bankrupt, dissolved, suspended, or shuts down |
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Delaying sending reports to the Ministry of Finance within 20 working days in case the company has its Certificate of Business registration or Certificate of Enterprise registration revoked |
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Failing to notify the Ministry of Finance within 35 working days from the establishment or shut down of the overseas valuation company |
VND 10,000,000 - VND 15,000,000 |
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Delaying reporting or providing information about the provision of valuation services within 05 working days |
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Delaying providing the certification of valuation, valuation result report or relevant documents at the request of competent authorities within 05 working days |
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Failing to notify the Ministry of Finance in writing within 40 working days when changing the contents mentioned in Clause 1 Article 18 of Decree No. 109/2013/NĐ-CP of Vietnam’s Government |
VND 15,000,000 - VND 20,000,000 |
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Failing to notify the Ministry of Finance in writing within 45 working days from the establishment or shut down of the overseas valuation company |
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Failing to send reports or provide information to competent authorities about valuation service provision within 20 working days |
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Failing to provide the certification of valuation, valuation result report or relevant documents at the request of competent authorities within 15 working days |
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Providing valuation services without the contract to provide valuation services or the written request for valuation services of the customer |
VND 20,000,000 - VND 30,000,000 |
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Issue the certification of valuation or make the valuation report without sufficient information according to Vietnam’s valuation standard |
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Attracting customers in the form of obstructing, threatening, bribing, and other methods of unhealthy competition; providing false information about the qualification, experience and capacity of the valuator, the valuation company or its branches |
VND 30,000,000 - VND 40,000,000 |
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Obstructing or interfering in the administration of the organization or individual that demands the valuation while they are performing their functions and duties properly |
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Revealing information about documents, customers and valuated assets without the consent of customers or against the law |
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Failing to store the valuation documents in accordance with legislation on pricing, except for the cases in Point d Clause 8 Article 18 of Decree No. 109/2013/NĐ-CP of Vietnam’s Government |
VND 40,000,000 - VND 60,000,000 |
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Changing, falsifying the valuation documents being stored |
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Failing to comply with legislation on preservation and use of valuation documents |
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Failing to follow the valuation procedure |
VND 60,000,000 - VND 80,000,000 |
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Failing to follow the valuation method provided in Vietnam’s valuation standard |
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Failing to employ every valuation methods prescribed by legislation on pricing |
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Fabricating, borrowing, renting the valuator’s card |
VND 80,000,000 - VND 100,000,000 |
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Making false statement or fabricating the application for the certificate of eligibility to provide valuation services |
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Receiving or requesting money or other benefits from the customers apart from the agreed service price in the contract |
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Failing to store valuation documents for a sufficient period as prescribed by law |
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Providing valuation services when the valuation company is banned from providing valuation services according to legislation on pricing |
VND 100,000,000 - VND 120,000,000 |
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Issuing the certification of valuation or report on valuation report signed by another person than a valuator of the valuation company |
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Falsifying the documents or information about valuated asset, except for the case mentioned in Clause 13 Article 18 of Decree No. 109/2013/NĐ-CP of Vietnam’s Government |
VND 120,000,000 - VND 150,000,000 |
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Failure to set up the fund for provisions against professional risks in conformity with levels regulated by the law |
A warning or a fine of VND 500,000 - VND 1,000,000 |
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Failure to purchase professional liability insurance and set up the fund for provisions against professional risks at the same time |
VND 5,000,000 - VND 10,000,000 |
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Collaborating with the asset owner, client or relevant persons to falsify the result of valuation |
VND 180,000,000 - VND 220,000,000 |
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Falsifying the valuation documents or falsifying information about valuated assets that causes the price of real estate or vehicles to increase or decrease by 10%, the price of supplies or goods to increase or decrease by 15% in comparison to the final valuation result given by the competent authority if the same valuation method is employed by the valuation company and the competent authority |
VND 220,000,000 - VND 260,000,000 |
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15 |
Violations against regulations on valuators |
Revealing information about documents, clients and the valuated assets without the consent of clients or against the law |
VND 20,000,000 - VND 30,000,000 |
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Receiving money or other benefits from the client apart from the agreed service price in the contract |
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Failing to follow guidance on valuation procedure and methods in the Vietnam’s valuation standard |
VND 30,000,000 - VND 40,000,000 |
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Failing to employ every valuation methods prescribed by legislation on pricing |
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Fabricating, borrowing, lending the valuator’s card |
VND 40,000,000 - VND 50,000,000 |
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Applying to 02 valuation companies or more at the same time |
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Working for 02 valuation companies or more at the same time |
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Signing the certification of valuation issued by a valuation company to which they do not apply |
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Corroborating with the asset owner, client or relevant persons to falsify the valuation result |
VND 50,000,000 - VND 70,000,000 |
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Falsifying the documents or information about valuated asset that leads to inaccurate valuation result |
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Provide valuation services to a unit with which the valuator has a relationship pertaining to capital contribution, share purchase, or where the valuator’s parent, spouse, child, brother or sister is a member of the board or the Chief accountant |
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16 |
Violations against regulations on holder of valuated assets and users of valuation results |
Signing the valuation contract with an unqualified company |
VND 3,000,000 - VND 5,000,000 |
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Using the valuation results for other purposes than those stated in the contract |
VND 5,000,000 - VND 10,000,000 |
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Providing inaccurate or insufficient information or documents about the valuated assets |
VND 10,000,000 - VND 20,000,000 |
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Bribing or collaborating with the valuator or valuation company to falsify the valuation result |
VND 20,000,000 - VND 30,000,000 |
Legal basis:
- Decree No. 109/2013/NĐ-CP of Vietnam’s Government on penalties for administrative violations against the law on price management, fee management, and invoicing.
- Decree No. 49/2016/NĐ-CP of Vietnam’s Government on amendments and supplements to certain Articles of Decree No. 109/2013/NĐ-CP on penalties for administrative violations against regulations on management of prices, fees, charges and invoices.
Nguyen Trinh
- - 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
