Strict sanctions imposed on importers of autos with illegal maps

Enterprises that import automobiles equipped with navigation apps featuring maps that violate Vietnam’s sovereignty will have their import licenses suspended.

Strict sanctions imposed on importers of autos with illegal maps

Cars on display at an exhibition. The Government has issued a new decree imposing strict sanctions against importers of automobiles featuring illegal maps

The Government has issued a decree amending and supplementing some articles of Decree 116 on automobile manufacture, assembly, import, maintenance and warranty services, the local media reported.

If the importers fix their violations within six months, the suspension will be lifted.

Otherwise, their import licenses will be permanently revoked and the licenses must be returned to the Ministry of Trade within five days.

The Government has also issued a decree on administrative sanctions against violations related to measurement and mapping. Accordingly, businesses that trade in products with inaccurate maps will be subject to a fine of VND30-40 million each.

 

Late last year, the General Department of Vietnam Customs impounded the Volkswagen Touareg CR745J automobile for displaying a GPS map featuring the illegal nine-dash line at the Vietnam Motor Show 2019 in HCMC.

In addition, World Auto Co., Ltd, the importer of the car, was fined VND40-60 million and had its operations suspended for six to nine months.

Meanwhile, Volkswagen Vietnam Co., Ltd, was fined VND20-40 million for exhibiting the car. SGT

Vietnam customs to impound seven autos featuring nine-dash-line map

Vietnam customs to impound seven autos featuring nine-dash-line map

 The General Department of Customs has announced that it will impose an administrative fine on the importer of seven automobiles imported from China with a navigation app featuring the illegal nine-dash line, alongside seizing the vehicles.  

 
 

Other News

.
VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 19
VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 19
BUSINESSicon  19/09/2020 

Keeping NPLs ratio below 3 percent a challenge: experts

Right adjustment could help Vietnam back as high-performing economy: McKinsey
Right adjustment could help Vietnam back as high-performing economy: McKinsey
BUSINESSicon  18/09/2020 

COVID-19 has interrupted the country’s journey to become a high-performing economy, but the right structural adjustments could help get it back on track, according to McKinsey & Company, a leading US consultant firm.

Chinese funds pour money into Vietnamese market
Chinese funds pour money into Vietnamese market
BUSINESSicon  18/09/2020 

Many Chinese funds are pouring capital into the Vietnamese stock market because of low valuations and further loosening of foreign ownership in the near future.

The pandemic and a positive outlook
The pandemic and a positive outlook
FEATUREicon  18/09/2020 

Nations have closed borders, economies are isolated, and supply chains are fragmented. And Vietnam's economy is no exception.

Opportunities await VN husbandry sector over next decade
Opportunities await VN husbandry sector over next decade
BUSINESSicon  18/09/2020 

The outlook for Vietnam's livestock market was bright over the next ten years as the population grows to nearly 107 million with an average income of US$10,000, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong.

Grab, MoMo enter e-commerce playing field
Grab, MoMo enter e-commerce playing field
FEATUREicon  18/09/2020 

Grab and MoMo are veterans in their core business fields, but they are the newcomers in the e-commerce market.

Businesses must understand trade remedy implications, says expert
Businesses must understand trade remedy implications, says expert
BUSINESSicon  18/09/2020 

International trade remedies are used by many countries to protect their domestic industries, especially now production has stalled due to the impacts of COVID-19.

Vietnam’s first batch of coffee under EVFTA exported
Vietnam’s first batch of coffee under EVFTA exported
BUSINESSicon  19/09/2020 

Vietnamese businesses on Wednesday announced the first batches of passion fruit and coffee exported to Europe following the Europe-Vietnam Free Trade Agreement (EVFTA).

COVID-19 woes: Footwear exports likely to fall short of target
COVID-19 woes: Footwear exports likely to fall short of target
BUSINESSicon  17/09/2020 

Footwear exports this year are unlikely to hit the target of US$24 billion because of the fallout of the Covid-19 pandemic.

VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 18
VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 18
BUSINESSicon  18/09/2020 

Mining industry unable to enjoy tax incentives

FTAs help attract more foreign investors to Vietnam
FTAs help attract more foreign investors to Vietnam
BUSINESSicon  17/09/2020 

Free trade agreements (FTAs) that Vietnam has signed with its partners have been an important factor attracting foreign investments to the country.

Real estate businesses struggling amid pandemic
Real estate businesses struggling amid pandemic
BUSINESSicon  17/09/2020 

The severe economic blows from COVID-19 have forced scores of businesses to suspend operations and even file for bankruptcy, with real estate companies among the hardest hit.

Apartment selling prices on the rise in Hanoi
Apartment selling prices on the rise in Hanoi
BUSINESSicon  17/09/2020 

Apartment prices have increased to a new level, particularly in center city areas.

Gov’t to ask NA to waive charges for water exploitation rights
Gov’t to ask NA to waive charges for water exploitation rights
BUSINESSicon  16/09/2020 

Thousands of businesses will not have to pay for the right to exploit water this year if a plan submitted by the Government is approved by the National Assembly.

VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 17
VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 17
BUSINESSicon  17/09/2020 

Measures needed to support COVID-19-hit enterprises

VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 16
VIETNAM'S BUSINESS NEWS HEADLINES SEPTEMBER 16
BUSINESSicon  16/09/2020 

ADB cuts Vietnam GDP growth forecast to 1.8% in 2020

Large growth potential for Vietnam banking services in long-term
Large growth potential for Vietnam banking services in long-term
BUSINESSicon  16/09/2020 

Many listed banks witnessed weak performance of fee income growth in the first six months of the year due to the Covid-19 pandemic.

Number of hotels on sale reaches record in Vietnam
Number of hotels on sale reaches record in Vietnam
BUSINESSicon  16/09/2020 

Hotels for sale is reaching a record number in a decade in Vietnam.

Some businesses still thrive amid COVID-19
Some businesses still thrive amid COVID-19
BUSINESSicon  17/09/2020 

Many consumer goods and food retailers are opening new shops, while others have had to shut down and give back retail premises to landlords.

Hundreds of abandoned real estate projects in Hanoi to be inspected
Hundreds of abandoned real estate projects in Hanoi to be inspected
BUSINESSicon  16/09/2020 

The Prime Minister has assigned the Ministry of Natural Resources and Environment and Hanoi authorities to check reports in local newspapers about 300 pending or abandoned real estate projects in the city.

 
 
 
Leave your comment on an article

OR QUICK LOGIN