Vietnam fines more firms for listing prices in dollars

TN News

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The State Bank of Vietnam has fined three more businesses for listing their prices in US currency.

The fines were imposed Wednesday on three private travel agents, Diamond for Life, Minh Tien and Minh Phu in the Mekong Delta province of Dong Thap, based on a provincial investigation carried out late December.

A Tuoi Tre (Youth) newspaper report said Minh Phu was fined VND5 million (US$238) and the two others VND11.33 million ($539) each.

It's illegal for businesses operating in Vietnam to list their prices in foreign currency. Violations are subject to cash penalties that can go up to VND500 million ($23,800).

Late last year, the highest penalty was levied on the Sofitel Metropole Hotel and FPT University, both in Hanoi.

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