Want to be in the loop?
subscribe to
our notification
Business News
POLICIES TAKE EFFECT IN MAY
From May 5, acts of delivering advertisement brochures, if causing negative impacts on social and traffic order and safety, shall be fined from VND 200,000 to VND 500,000.
The Government on March 20, 2017 issued Decree No. 28/2017/ND-CP on amendments to Decree No. 131/2013/ND-CP on penalties for administrative violation against copyrights and related rights and Decree No. 158/2013/ND-CP on penalties for administrative violations against regulations on culture, sports, tourism and advertising.
Under the new Decree, acts of delivering advertisement brochures, if causing negative impacts on social and traffic order and safety, shall be fined from VND 200,000 to VND 500,000.
A fine from VND 5-10 million shall also be applied to individuals whose products are printed on the aforesaid advertisement brochures (only if the delivery of such brochures cause negative impacts on social and traffic order and safety).
The Decree will come into effect since May 5.
According to Decree No. 33/2017/ND-CP, the Government will impose fines ranging from VND250 million (US$11,125) to VND2 billion (US$89,000) on administrative violations in mineral and water resource sectors.
Administrative violations in the water resource sector involve violations in inspection, planning, surveying, exploitation and use of water resources; violation in reservoirs and reservoir operations; and violations in water resources protection among others.
Violations in the minerals sector include breaking regulations related to surveying and exploring minerals, mineral exploitation auction, using geological inspection information and violations of benefits to localities and residents where minerals are exploited.
Offenders can be slapped with additional penalties, depending on the scale of violation. The additional penalties include the withdrawal of licenses on surveying, exploitation and use of minerals and water resources from between one and 24 months; suspension of project operations from one to 12 months; and confiscation of exhibits and mineral specimen.
Culprits will also have to take measures to undo the effects of the violations on pollution and environment.
The Decree will take effect since May 20.
The use of any banned substance in animal husbandry and aquaculture shall be fined from VND70 million to VND 100 million, according to Government’s Decree No. 41/2017/ND-CP scheduled to take effect since May 20.
Individuals and organizations using banned substances in animal husbandry and aquaculture shall also be subjected to 6-12 month suspension instead of the current 1-3 month suspension.
The transport, trading, collection, storage, processing of animal products containing banned substances shall be fined between VND 40 million to VND 50 million.
Source: VGP
Related News
GLOBAL SOURCING FAIR VIETNAM 2025
Global Sourcing Fair Vietnam 2025, held from 24-26 April at the Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City, is the must-attend international expo for sourcing Fashion & Accessories and Home & Gifts
VIETNAMESE ENTERPRISES GRAPPLE WITH CHALLENGES IN Q3
In many sectors, businesses acknowledged that simply breaking even was an accomplishment this year. A prominent example is Nam Sông Hậu Trading Investment Petroleum JSC, once a leading fuel distributor in the Mekong Delta.
CENTRAL BANK ISSUES NEW DECISIONS ON DEPOSIT INTEREST RATES
The other holds that the maximum interest rate for Vietnamese đồng-denominated deposits with terms of less than one month of organisations and individuals at credit institutions and foreign bank branches is 0.5 per cent per year. Additionally the maximum interest rate applied to deposits with terms from one month to less than six months is 4.75 per cent per year.
REAL ESTATE BUSINESSES EXPAND INTEREST IN AVAILABLE LAND TO THRIVE IN 2025
Real estate companies are vigorously seeking available land to prepare for a new wave of investment in 2025.The Ministry of Construction’s October report highlighted that legality, liquidity, and land use fees are the primary considerations for businesses selecting land investments.
VIETNAM SET TO ENHANCE CUSTOMS QUALITY AND EFFICIENCY
The policy outlines the GDC's objectives to enhance the effectiveness and efficiency of State customs management, align with development and international integration needs, and streamline the import, export and transit of goods, as well as the entry, exit and transit of means of transport.
HIGH-TECH PERSONNEL TO DRIVE COMPETITION
Vietnam is advancing new mechanisms and incentives to strengthen workforce quality as part of a strategy to engage high-tech investment and enhance its economic competitiveness. The government announced at a recent National Assembly (NA) session that it would increase investments in education and training quality in the next few months.