The Market Surveillance Agency has just issued a decision on an administrative fine of VND250 million, equivalent to $10,766 to the maternal and baby products distributor Con Cung for eleven violations.
The well-known retail store chain of mother and baby products namely Con Cung in response to mislabeling allegations has affirmed that its products sold in its system is genuine, have clear origin as well as invoices in accordance with prevailing laws.
As the biggest foreign direct investment project in Vietnam with $11 billion of register capital, Formosa Ha Tinh has created stable jobs for 12,000 people.
Inspections and audits have become more confrontational and aggressive, giving rise to concern from foreign investors about the tactics and transparency, according to foreign observers.
The six-member Team led by Tran Huu Loi, Senior Inspector, Deputy Director General of Department I - Government Inspectorate will conduct inspection during 60 days or equivalent to two months.
Violators can be penalized under the disapproval of opening new branches, transaction offices and ATMs.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
Office: 7th Floor, HCMCC Tower, 249A Thuy Khue street, Tay Ho district, Hanoi
Hotline.: 08887 08817