Decree No. 122/2021/ND-CP stipulating the maximum fine level for acts of administrative violation in the field of investment and bidding is 300 million dongs; The business registration area is 100 million VND and the planning field is 500 million VND.
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Specifically, on 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; standards, norms, and technical solutions that fail to ensure quality; design exceeds the prescribed standards, norms, and norms.
A fine of between 100-200 million dong shall be applied to acts of using public investment capital above prescribed standards and norms; a fine of between 200-300 million dong for acts of using public investment capital for improper purposes and wrong subjects.
Investments in prohibited industries and trades shall be fined up to 300 million VND
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 capital contribution purchase of economic organizations that do not meet the conditions under the provisions of this Decree. regulations.
Organizations conducting business investment activities in industries and trades banned from business investment following the law shall be fined from 200-300 million VND.
A fine ranging from VND 70 to 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 is fined up to 100 million dong
In addition, the Decree also stipulates the fine levels for the violations on business establishment.
Accordingly, a fine of 10-20 million dong will be imposed for failing to ensure the number of members and shareholders is regulated.
A fine of between VND 20-30 million shall be imposed for one of the following acts: Contributing capital to establish an enterprise or registering to contribute capital or purchase shares; buying back the capital contribution in other economic organizations in the wrong form according to the 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 result in a fine of between VND 30-50 million.
A fine ranging from 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 its business, operation or business termination.
Acts of false declaration of charter capital shall be fined from VND 20-100 million. The above fine level applies to organizations. The fine for individuals is 1/2 of the fine for organizations.
Collected from source
Huong Diu