Under Decree No. 75/2019/NĐ-CP issued by the Government on September 26, 2019 and coming into effect on December 01, 2019:
– The maximum fineable amount for violations of regulations on unfair competition practices is 02 billion VND.
– The maximum fineable amount for anti-competitive agreements, abuse of a dominant position on the market and abuse of monopoly power is 10% of the total turnover of the violating enterprises.
– The maximum fineable amount for economic concentration activities is 05% of the total turnover of violating enterprises in relevant markets during the fiscal year.
– The specific fine for a violation in the competition field is the average amount of the prescribed fine bracket for such violation: