The Government has just issued Decree No.08/ 2013/ ND-CP dated January 10, 2013 on the administrative penalties for producing and trading counterfeit goods. The Decree deals with the acts of administrative violations, the forms and rates of penalties, and the remedial measures applicable to the administrative violations, the procedures and authority to impose administrative penalties for acts of producing and trading counterfeit goods.
According to the Decree, the individuals and organisations having the acts of trading or producing counterfeit goods shall be fined up to 70,000,000 VND and 100,000,000 VND respectively.
The management and use of the money collected from the administrative penalties for the production and trade of counterfeit goods, including fines, revenues from the sale of confiscated exhibits and instruments are prescribed by the Minister of Finance.
The Decree takes effect on March 01, 2013.