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blue-check From January 1st, 2022: Fines imposed on many violations against regulations on investment and business registration shall be increased

Decree No. 122/2021/ND-CP dated December 28th, 2021 of the Government on penalties for administrative violations against regulations on planning and investment
Posted: 30/12/2021 12:39:45 PM | Latest updated: 29/6/2022 4:06:29 PM (GMT+7) | LuatVietnam: 5367 | Vietlaw: 544
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From January 1st, 2022, administrative violations against regulations on investment, bidding, business registration, etc. shall be imposed the maximum fine of VND 300,000,000 (with regard to violations against regulations on investment, bidding) and VND 100,000,000 (with regard to violations against regulations on business registration).

Fines on some violations shall be increased from January 1st, 2022, including:

- A fine ranging from VND 200,000,000 to VND 300,000,000 shall be imposed for making business investment in banned business lines (the old level was from VND 30,000,000 to VND 40,000,000);

- A fine ranging from VND 100,000,000 to VND 200,000,000 shall be imposed for transfering investment project without satisfying the prescribed conditions (the old level was VND 30,000,000 to VND 40,000,000);

- A fine ranging from VND 80,000,000 to VND 100.000.000 shall be imposed for contributing capital to, purchasing stakes or purchasing shares of a business organization without satisfying the prescribed conditions (the old level was VND 30,000,000 to VND 40,000,000);

- A fine ranging from VND 30,000,000 to VND 50,000,000 shall be imposed for failure to send a folder to the investment registration authority within 07 working days from the date on which the decision to shut down the operating office (the old level was VND 5,000,000 to VND 10,000,000);

- A fine ranging from VND 30,000,000 to VND 50,000,000 shall be imposed for failure to send a notification to the investment registration authority within 05 working days from the date on which the decision on investment project termination is issued (the old level was VND 20,000,000 to VND 30,000,000);

...

This Decree takes effect from January 1st, 2022 and replaces Decree No. 50/2016/ND-CPstatus1 dated June 1st, 2016.

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Effective Date 1-Jan-2022
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 544
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enflag pdficon ND122-28122021CP[EN].pdf
Dòng thời gian

Administrative violations