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ECONOMIC NEWS

PROVISIONS ON SANCTIONING OF ADMINISTRATIVE VIOLATIONS IN CONSTRUCTION INVESTMENT ACTIVITIES

On November 27, 2017, the Government issued Decree 139/2017 / ND-CP stipulating sanctions against administrative violations in construction investment activities; mining, processing and trading of minerals for construction materials, management of technical infrastructure works ..., effective from January 15, 2018.

The Decree specifies administrative violations and penalties for investment deciders, investors or owners, managers and users of works. Specifically some highlights such as:

- Regarding the violation of regulations on selection of organizations and individuals participating in construction investment activities, the fine level is from VND 30-40 million;

- For violations of regulations on pre-acceptance test, payment and settlement of work construction investment capital:

· A fine of between VND 50 - 80 million for the act of putting part of a work, work item or construction work into use before the checking and acceptance have been organized yet according to regulations; handing over and putting construction items and construction works into use without the written approval of the acceptance results of competent state management agencies according to regulations;

The fines prescribed in this Decree are applicable to organizations (except for some cases). For the same act of administrative violation, the fine level for an individual is equal to 1/2 of the fine for an organization.

This Decree has issued a detailed administrative penalty framework for construction investment activities, contributing to ensuring that organizations and individuals operating in the field of construction investment strictly abide by the provisions of law. current law, creating a healthy business environment for mutual development.

Date Submitted: 24/07/2018 View: 31.668 Print the article
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