The Ministry of Industry and Trade is seeking feedback from concerned units on the draft Government Decree on administrative sanctions for violations in commercial activities, production, trading of counterfeit and banned goods, and protection of consumer rights.
The Business Management Division of the Department of Domestic Market Management and Development has just inspected and seized a large number of counterfeit goods at Saigon Square
Accordingly, the maximum fine in the field of production and trading of counterfeit and banned goods and protection of consumer rights is VND 200 million for individuals and VND 400 million for organizations.
For example, instead of a fine of VND 30-50 million, individuals and organizations will be fined VND 70-100 million in case of counterfeiting goods with a quantity equivalent to that of genuine goods with a value of VND 30 million or more, or illegal profits of VND 50 million or more, without being subject to criminal liability.
The fine shall be twice the above-mentioned levels for the acts of manufacturing counterfeit goods or importing counterfeit goods or trading in counterfeit goods which are food, food additives, food processing aids, food preservatives, drugs, drug ingredients, without being subject to criminal liability; cosmetics, medical equipment, chemicals, detergents…
In addition to fines, there are supplementary penalties such as revocation of licenses or practice certificates for a period of 1 to 12 months or temporary suspension of operations for a period of 1 to 12 months; Confiscation of violating goods; destruction, and compulsory refund of illegal profits.
Breaking News: Criminal Charges Filed in “Counterfeit Production and Distribution” Case Involving Cosmetics Sold by Di Băng’s Husband
The Dong Nai Provincial Police have launched a criminal investigation into “production and trade of counterfeit goods” at the Dong Nai EBC Medical Factory Joint Stock Company.
Raid on Saigon Square
Upon noticing the inspection team, vendors at Saigon Square Trading Center hastily shuttered their shops in an attempt to evade detection. However, thousands of counterfeit products bearing renowned global brands were seized on the spot by the authorities.
Unveiling the Enablers of Counterfeit Goods: A Startling Exposé
The revelation that a beauty queen, a social media influencer, and even the former head of the Food Safety Authority were complicit in the proliferation of counterfeit goods has left the public reeling.
Saigon Square – The Stubborn Heart of Counterfeit Goods Trade in Ho Chi Minh City’s Center
Saigon Square has been subjected to multiple inspections and interventions, yet the rampant trade of counterfeit goods persists unabated.
Unveiling Ho Chi Minh City’s Fake Goods Market: Why Do Customers Still Buy Despite Knowing the Risks?
Counterfeit goods are rampant in Ho Chi Minh City, with fake versions of popular brands easily found across the metropolis. The most commonly counterfeited items include footwear, hats, watches, bags, and sunglasses, among others.
