Declaring goods at an incorrect selling price will result in a fine of up to 25 million VND

Declaring goods at an incorrect selling price will result in a fine of up to 25 million VND

On July 12, 2024, the Government issued Decree 87/2024/ND-CP regulating penalties for administrative violations in price management. The following are some notable contents of this Decree. Selling goods higher than the maximum price bracket will result in a fine of up to 20 million VND Specifically, a fine from 10 million VND to 20 million […]

Reference Prices for Popular Fuel Products on the Market

Reference Prices for Popular Fuel Products on the Market

On July 11, 2024, the Ministry of Industry and Trade issued Official Letter 4896/BCT-TTTN 2024 regarding the regulation of fuel business. The Ministry announced the reference prices for popular fuel products on the market as follows:   Product Previous Reference Price (04/07/2024) (VND/litter, kg) Announced Reference Price (VND/litter, kg) The difference between the base price […]

Priority for Purchasing IT Products and Services Produced Domestically

Priority for Purchasing IT Products and Services Produced Domestically

On July 10, 2024, the Government issued Decree 82/2024/ND-CP amending and supplementing several articles of Decree 73/2019/ND-CP dated September 5, 2019, regarding the management of investment in information technology applications using state budget funds. The specific changes are as follows: Information technology application activities must prioritize investment, rental, and procurement of domestically produced IT products […]

Guidelines on Wholesale Activities in Telecommunications

Guidelines on Wholesale Activities in Telecommunications

On July 10, 2024, the Minister of Information and Communications issued Circular 08/2024/TT-BTTTT detailing wholesale activities in telecommunications. This circular provides detailed regulations on Clause 3 of Article 16 and Point d Clause 3 of Article 17 of the Telecommunications Law 2023 regarding wholesale activities in telecommunications (hereinafter referred to as wholesale activities). Guidance on […]

Selling Goods Above the Maximum State Price Range Fined Up to 40 Million VND

Selling Goods Above the Maximum State Price Range Fined Up to 40 Million VND

On July 12, 2024, the Government issued Decree 87/2024/ND-CP regulating administrative penalties in price management, including fines for selling goods above the maximum state price range. - Penalties for selling goods above the maximum price set by the State: The decree specifies fines for violations regarding pricing and selling goods and services not in accordance […]