Administrative violations in the field of planning will be fined up to VND 500 million

Decree No. 122/2021/ND-CP stipulating the maximum fine level for administrative violations in the field of investment and bidding is 300 million dong; The business registration area is 100 million VND and the planning field is 500 million VND.

Administrative violations in the field of planning will be fined up to VND 500 million

Specifically, regarding the design of public investment programs and projects, the Decree stipulates a fine of between VND 30-50 million for one of the following acts: Designing programs or projects that do not conform to regulations and standards , norms and technical solutions without quality assurance; designs that exceed the prescribed standards, norms and norms.

A fine ranging from VND 100-200 million shall be applied to acts of using public investment capital in excess of prescribed standards and norms; a fine of between VND 200-300 million for acts of using public investment capital for improper purposes or for wrong subjects.

Investments in prohibited industries and trades will be fined up to VND 300 million

Regarding business investment conditions in Vietnam, the Decree stipulates a fine of between VND 80-100 million for acts of capital contribution, share purchase or purchase of contributed capital of economic organizations that do not meet the conditions under the provisions of this Decree. regulation.

Organizations conducting business investment activities in industries and trades banned from business investment as prescribed by law shall be fined from VND 200-300 million.

A fine of between VND 70-100 million shall be imposed for failing to comply with the contents of outward investment activities stated in the outward investment registration certificate.

Over-declaration of charter capital will be fined up to VND 100 million

In addition, the Decree also stipulates fines for violations on business establishment.

Accordingly, a fine of 10-20 million dong for acts of failing to ensure the number of members and shareholders as prescribed.

A fine ranging from VND 20 to 30 million shall be imposed for one of the following acts: Contributing capital to establish an enterprise or registering for capital contribution, buying shares, or buying back contributed capital in other economic organizations in contravention of the regulations. provisions of law; does not have the right to contribute capital, buy shares or capital contribution but still do it.

Acts of intentionally valuing the assets contributed as capital to the wrong value will be fined from VND 30-50 million.

A fine of between VND 50-100 million applies to the following acts: Doing business in the form of an enterprise without registration; to continue doing business when the certificate of enterprise registration has been revoked or is required by a competent state agency to suspend business, suspend operations or terminate business.

Acts of false declaration of charter capital shall be fined from VND 20-100 million

The above fine level applies to organizations. The fine level for individuals is 1/2 of the fine level for organizations.

Vu Phuong Nhi

Source: Cổng thông tin điện tử Chính phủ

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