The National Competition Commission has issued a decision regarding a competition case involving Nhat Nhat Joint Stock Company.
Accordingly, the authority imposed an administrative sanction on Nhat Nhat Company (based in Thanh Xuan District, Hanoi) with a fine of VND 200 million for providing misleading information about their products, including Lenka Face Wash, Nhat Nhat Mouth Rinse, and Nhat Nhat Throat Spray, in violation of point a, clause 5, Article 45 of the Competition Law.
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The company was found to be misleading customers with their product information, aiming to attract customers from other businesses. During the investigation, Nhat Nhat Company actively cooperated with the National Competition Commission by providing information and documents and taking action to stop and mitigate the consequences of the violation.
Additionally, the company publicly rectified the misleading information about their products, including Lenka Face Wash, Nhat Nhat Mouth Rinse, and Nhat Nhat Throat Spray, on their electronic information page.
The SEC Sanctions Three Businesses
Last week, the State Securities Commission (SSC) imposed fines on three enterprises, totaling VND 930 million. Various violations were identified, including the disclosure of misleading information regarding profit targets and the misuse of funds raised from bond issuances.
A Business Fined Nearly VND 370 Million for Information Disclosure Violations
The Vietnamese health and wellness company, Sức Khỏe Hồi Sinh, has been fined a substantial sum of 367.5 million VND for failing to disclose mandatory information, providing misleading disclosures, and violating regulations regarding transactions with business managers.
The Watchdog Member Studying a Different Major, Cencon Vietnam, Heavily Fined.
The SSC has imposed administrative sanctions on Cencon Vietnam for multiple violations, including failing to ensure that the members of the Supervisory Board meet the required standards and conditions and are not subject to legal restrictions.
