Vietnam: Disruption to business activities of other enterprises shall be fined up to VND 300 million

10:29, 29/09/2019

Recently, the Government of Vietnam issued Decree No. 75/2019/ND-CP providing for penalties for administrative violations against regulations on competition.

According to Article 19 of Decree No. 75/2019/ND-CP of Vietnam’s Government, penalties for disruption to business activities of other enterprises are as follows:

gay roi hoat dong kinh doanh cua DN khac, Nghi dinh 75/2019/NĐ-CP

- A fine ranging from VND 50,000,000 to VND 100,000,000 shall be imposed for indirectly disturbing or disrupting business activities of another enterprise.

- A fine ranging from VND 100,000,000 to VND 150,000,000 shall be imposed for directly disturbing or disrupting business activities of another enterprise.

- A fine twice as much as the fine for the above-mentioned administrative violation shall be imposed if the violation involves two provinces or central-affiliated cities or more.

In addition to being fined, the violating entity shall have its/his/her license, practicing certificate or operations suspended for a period from 06 to 12 months from the effective date of the decision on settlement of competition case; the exhibits and instrumentalities for committing the administrative violation shall be confiscated; profits illegally obtained from the administrative violation shall be confiscated.

View other provisions at Decree No. 75/2019/ND-CP of Vietnam’s Government, effective from December 01, 2019.

Thu Ba

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