The Quang Binh Provincial Market Surveillance Authority said that the provincial People's Committee has issued Decision No. 1269a/QĐ-XPHC to impose a fine of more than VND200 million on a gold and silver trading establishment in the province.
The staff from the Market Surveillance Authority No.1 this morning paid an unexpected visit to Kim Quang QB company in Dong Hoi City to check its compliance with the regulation.
Market surveillance inspectors discovered that the jewelry establishment was displaying for sale 45 units of assorted jewelry products including 26 rings, 10 pendants, four bracelets, four pairs of earrings, and one bracelet without unclear indication of origin but the jewelry products are counterfeit Chanel's registration trademark which has been protected in Vietnam. All jewelry products are valued at VND195,900,000.
Inspectors of the Market Surveillance Authority in Quang Binh Province advised the Chairman of the Quang Binh Provincial People's Committee to issue a decision to impose an administrative penalty on the above-mentioned enterprise for displaying for sale counterfeit goods with a fine of VND205 million. Moreover, the company was suspended from business activities related to the infringing goods for two months.
