According to a recent decree on industrial property rights signed by Prime Minister Nguyen Tan Dung, which takes effect since November 9 this year, organizations will have to pay a fine of VND1-3 million if they violate regulations on inspection and examination of industrial property.
Individuals or organizations will be fined VND 10-30 million for making their customers and clients confused of origins, quality, quantity, features and trademarks of products and services.
The penalty , valued from VND2 million to VND500 million, will be slapped on individuals or organizations who deliberately infringe intellectual property rights, utility solutions, and industrial designs.
The actives that related to selling fake brand or trademark goods will also be fined VND4-500 million.
