Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
Global
2. Africa
Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Asia & Pacific




Public Administration News  
Share
Vietnam: New Rules Govern e-Commerce Firms
Source: http://vietnamnews.vn
Source Date: Saturday, January 04, 2014
Country: Viet Nam
Created: Jan 07, 2014

Enterprises and individuals operating electronic commerce businesses will be fined if they have not registered their businesses with the Ministry of Industry and Trade (MoIT).

 

According to Decree No 185 of the Government, which came into effect on January 1, 2014, unregistered firms and individuals will be fined VND10-100 million (US$475-4,760) and VND10-50 million ($475-2,380), respectively.

 

The penalties can also be applied in other cases, such as companies and individuals that do not report changes of information on their registered websites or who take advantage of their e-commerce business to illegally attract capital.

 

Along with payments, websites providing e-commerce services will be suspended from operating from six to 12 months. Management agencies are to confiscate evidence of violations, withdraw domain names ".vn", ask owners to resolve problems they caused and pay for illegal profits.

 

MoIT's Viet Nam E-commerce and Information Technology Agency reported that, currently, more than 200 e-commerce websites have registered their business operations and more than 100 websites providing e-commerce services have also registered.

 

However, there were still thousands of websites not completing their registrations. The agency will cooperate with other administrations to investigate and check firms and individuals working in e-commerce.

 

Websites to be investigated include those selling products and providing e-commerce services, such as e-commerce trading floors, online auction websites, online promotional websites and others regulated by MoIT.
News Home

 Tag This
 Tell A Friend
 Favorite
del.icio.us digg this Slashdot
Rate:
0 ratings
Views: 101

Comments: 0 Favorited: 0 Bookmarked: 0 Tagged: 0



0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2008-2010 by UNPAN - United Nations Public Administration Network