Nghị định 202/2004/NĐ-CP

DECREE No. 202/2004/ND-CP of December 10, 2004 on sanctions against administrative violations in the monetary and banking domain

This Decree applies to Vietnamese as well as foreign individuals, agencies and organizations that intentionally or unintentionally commit acts of violating law provisions on State management over monetary and banking activities, which, however, are not crimes.

Under this Decree, each administrative violation in the monetary and banking domain shall be subject to caution or a fine. Concretely:

- Violations of regulations on permits for establishment and operation or professional operations of credit institutions: VND 5 million – VND 70 million;

- Violations of regulations on administration and audit: VND 2 million – VND 40 million;

- Violations of regulations on capital mobilization: VND 15 million – VND 70 million;

- Violations of regulations on lending, banking underwriting, discount and financial leasing: VND 200,000 – VND 50 million;

- Violations of regulations on foreign exchange and gold trading management: VND 200,000 – VND 70 million;

- Violations of regulations on the purchase of, or investment in, fixed assets and real estate business: VND 1 million – VND 50 million;

- Violations of regulations on ensuring safety of credit institutions’ operations: VND 2 million – VND 30 million;

- Violations of regulations on accounting, statistical, information or reporting regimes; or on confidentiality of banking activities: VND 500,000 – VND 12 million;

- Infringing upon credit institutions’ business autonomy right; obstructing inspection or failing to abide by requests of authorities competent to sanction administrative violations; or conducting illegal competition: VND 1 million – VND 12 million.