Fine up to VND 60 million for violating regulations on price stabilization
On September 24, 2013, the Government issued the Decree No. 109/2013/ND-CP prescribing on sanctioning administrative violations in the field of prices, charges and fees, and invoices. Of which, one of the most significant points is the increase of fine level regarding administrative violations in these field.
Specifically, fines of between VND 40 million and 60 million for acts of failing to set up the price stabilization fund (increasing by VND 10 million to 30 million as previously). Fine level for acts of selling goods and providing services inconsistent with specific price level or not falling in price bracket, higher than the maximum price level or lower than the minimum price level decided by the competent agencies also increase by 5 million for every act of violation. Specifically, fine respectively VND 25-30 million and VND 30-35 million for acts of failing to comply with price decided by ministers, heads of ministerial level agencies, the Government, Prime Minister (according to the previous regulations, fine level is VND 25 million and 30 million respectively).
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