ENTERPRISES CHEATING TO RECEIVE THE STATE’S SUPPORTS SHALL BE FINED UP TO VND 40 MILLION
On June 13, 2018, the Government issues the Decree No. 51/2019/ND-CP on sanctioning administrative violations in scientific and technological activities and technology transfer.
This Decree keeps the former fine as previous provisions that the maximum fine level in scientific and technological activities and technology transfer is VND 50 million for individuals and VND 100 million for organizations.
However, the fine level shall increase with specific violation. The enterprises cheating or deceiving to receive the State's supports and incentives shall be fined up to VND 40 million instead of VND 30 million as before.
A fine up to VND 50 million shall be imposed for acts of transferring technologies on the list of transfer-prohibited technologies from Vietnam to foreign countries or from foreign countries into Vietnam.
This Decree takes effect from August 1, 2019. For acts of administrative violation that occur before August 01 and later are discovered or being handled, beneficial provisions for violating organizations and individuals shall apply.
