Accordingly, the highest penalty is a fine of up to VND1 billion ($43,500) or a prison term of up to three years, with the violator being barred from certain jobs for a maximum of five years. A legal entity may be fined up to VND5 billion ($217,000), suspended for a term from six months to two years, or may be banned from doing business and banned from operating in certain fields, as well as banned from raising capital for 1-3 years. … [Read more...] about Ramifications of prosecution for counterfeit actions
Glasses for beer
Market finishes lower as investors abandon bank stocks
FLC Faros Construction Joint Stock Company (ROS) still posted good performance with an increase of 6.78 per cent to VNĐ4,570. Other stocks had a positive effect on the VN-Index such as Masan Group Corporation (MSN), Mobile World Investment Corporation (MWG), Hòa Phát Group Joint Stock Company (HPG), Vincom Retail Joint Stock Company (VRE) and Kinh Bac City Development Share Holding Corporation (KBC). … [Read more...] about Market finishes lower as investors abandon bank stocks
VIETNAM BUSINESS NEWS JANUARY 26
The Ministry of Industry and Trade advised local businesses that export agro and seafood products to China to step up monitoring the quality of goods and compliance with China’s regulations on quality standards, quarantine and food safety aimed at facilitating customs clearance procedures. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 26
Hayward Quartz Technology develops $110 million semiconductor factory in Danang
The United States Enterprisesfactory will specialise in producing crystal silicon blocks, assemblies made of silicon, ceramic, quartz, sapphire stone, glass, metal, alloy, nonmetals, plastic polymers, and other semiconductor materials for machinery and equipment manufactured in the semiconductor and electronics industries. … [Read more...] about Hayward Quartz Technology develops $110 million semiconductor factory in Danang
Net tightens on fake goods scammers
During investigation, local authorities have also found thousands of Bia Saigon Vietnam boxes in the southern localities of Binh Phuoc, Soc Trang, and Can Tho as well as the Central Highlands province of Dak Lak. The beer is distributed by Saigon Vietnam Beer Group, which is not a subsidiary of SABECO. Le Dinh Trung, its CEO, held several positions at SABECO in previous years, including assistant to the deputy CEO and head of its legal department. … [Read more...] about Net tightens on fake goods scammers
