THE MINISTRY OF INDUSTRY AND TRADE
-------
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
---------
No: 11/2009/TT-BCT
Hanoi, May 20, 2009
 
CIRCULAR
DETAILING A NUMBER OF ARTICLES OF DECREE NO.107/2008/ND-CP DATED SEPTEMBER 22, 2008 OF THE GOVERNMENT DEFINING ON SANCTION OF ADMINISTRATIVE VIOLATION FOR THE ACTS OF GOODS SPECULATION AND HOARDING, EXCESSIVE PRICE HIKING, RUMOR SPREADING, SMUGGLING AND TRADE FRAUDS
Pursuant to Decree No.189/2007/ND-CP dated December 27, 2007 of the Government providing for function, duties, authorities of organizational structure of the Ministry of Industry and Trade;
Pursuant to Decree No.107/2008/ND-CP dated September 22, 2008 of the Government defining on sanction of administrative violation for the acts of goods speculation and hoarding, excessive price hiking, rumor spreading, smuggling and trade frauds;
The Ministry of Industry and Trade details a number of Articles of Decree No.107/2008/ND-CP dated September 22, 2008 of the Government defining on sanction of administrative violation for the acts of goods speculation and hoarding, excessive price hiking, rumor spreading, smuggling and trade frauds (hereinafter referred to as Decree No.107) as follows:
Item I. SCOPE OF GOVERNING AND CONDITIONS OF APPLICATION
Article 1. Scope of governing
This Circular details the sanction of administrative violations for the violations provided in Articles 4, 5, 6, 7, 8, 9,10,11, 12, 13 of Decree No.107.
Article 2. Conditions of application
1. The administrative sanction for acts specified in Article 4, Article 5, Article 6 and Article 7 is only applied when meeting full two conditions:
a) For goods and services of the list of price stabilization in Decree No.75/2008/ND-CP dated June 09, 2008 of the Government amending and supplementing some Articles of Decree No.170/2003/ND-CP of December 25, 2003 of the Government detailing some Articles of the Ordinance on Prices and Circular No.104/2008/TT-BTC dated November 13, 2008 of Ministry of Finance guiding the implementation of Decree No.170/2003/ND-CP of December 25, 2003, Decree No.75/2008/ND-CP dated June 09, 2008 amending and supplementing some Articles of Decree No.170/2003/ND -CP.
b) In the case of market’s irregular fluctuations of supply and demand, prices of goods and services due to natural disasters, fires, epidemics, war or other unexpected developments announced the decision to apply measures to stabilize prices in the country, each region by the Prime Minister or Minister of Finance (to be sanctioned the violations specified in the above Articles in the whole country or region to be announced) or announced the decision to apply measures to stabilize prices within the localities by the Presidents of provincial People's Committees (to be sanctioned only the