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Fines up to VND100 mln for e-commerce regulation breach

Jan 3rd at 10:53
03-01-2014 10:53:35+07:00

Fines up to VND100 mln for e-commerce regulation breach

Individuals can be fined from VND10-50 million ($470-2,350) while organizations and businesses have to pay VND10-100 million ($470-4,700) if they violate regulations on establishing websites without registration with authorized State agencies.

This is stated in Decree 185/2013/ND-CP, which came into effect on January 1, 2014.

The fines are also applied when individuals, organizations and businesses do not inform or register with the authorized agencies about the changes in information related to their websites supplying e-commerce services.

In addition, the fines are also imposed on individuals, organizations and businesses, who take over e-commerce websites from others without registration, supply e-commerce services which are not registered, or different from their registered ones or wrongly communicated, as well as those who use e-commerce to sell counterfeits, illegally copyrighted and prohibited goods and services.

The violated websites will be closed from six to twelve months whilst exhibits and domain names ‘.vn’ are confiscated. The website owners have to retrieve damages they cause and refund illegal interests gained from their violations.

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