Vietnam Proposes 50% Hike in Maximum Administrative Fines
The Vietnamese government has submitted a bill to the National Assembly proposing a 50% increase in maximum administrative fines, raising the ceiling for individuals from VND 1 billion to VND 1.5 billion and for organizations from VND 2 billion to VND 3 billion. The move aims to enhance deterrence due to economic changes and instances where fines are lower than profits gained from violations.
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