Maximum Fines in the Monetary and Banking Sector

Quick answer: The maximum monetary fine in the monetary and banking sector is VND 2,000,000,000 (2 billion) for violating organizations and VND 1,000,000,000 (1 billion) for violating individuals, under Clause 3, Article 4 of Decree 88/2019/ND-CP (as amended and supplemented by Decree 143/2021/ND-CP).

Maximum Monetary Fines in the Monetary and Banking Sector

Under Clause 3, Article 4 of Decree 88/2019/ND-CP on administrative sanctions in the monetary and banking sector, the maximum fine for organizations is VND 2 billion; for individuals, the maximum fine is one-half of that applicable to organizations committing the same violation, i.e., VND 1 billion.

Statute of Limitations for Administrative Sanctions in Banking

The statute of limitations for administrative sanctions in the monetary and banking sector follows the Law on Handling of Administrative Violations and Decree 88/2019/ND-CP (as amended by Decree 143/2021/ND-CP).

Applicable Legal Basis

• Decree 88/2019/ND-CP (as amended by Decree 143/2021/ND-CP): Article 4.
• Law on Handling of Administrative Violations 2012 (amended and supplemented in 2020).

Notes on Applying Current Legal Regulations

This article falls under Corporate & M&A Knowledge and is presented for reference, helping readers understand the legal issue at an overview level before preparing dossiers or carrying out transactions.

Legal regulations may change over time and vary by locality, dossier type and specific circumstances. To determine the exact legal basis applicable to your case, please contact an ANT Legal lawyer at 0966.475.966 for verification and advice before proceeding.

Common Risks to Note

• Applying a legal document that has been amended, supplemented or replaced.
• Preparing incomplete dossiers, documents or evidence.
• Misunderstanding the conditions, procedures, time limits or competent authority.
• Signing, filing dossiers or transacting without fully assessing legal risks.

How Can ANT Legal Help?

ANT Legal assists in reviewing specific situations, checking dossiers, determining the applicable legal basis, advising on handling options, and representing clients before individuals, organizations or competent authorities when needed.

For prompt consultation, please contact our lawyers at 0966.475.966.

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