Bac Ninh fines Vinasaco International Company 190 million VND

Vân Trường |

Bac Ninh - The Provincial People's Committee has just issued a decision to sanction administrative violations in the electricity sector against Vinasaco International Co., Ltd.

Accordingly, Vinasaco International Co., Ltd. has its head office address: Hap Linh Industrial Cluster, Hap Linh Ward, Bac Ninh Province. Legal representative: Mr. Nguyen Duc Trung, title: Director.

The above enterprise has committed an administrative violation: Electricity operation without an electricity operating license.

Specifically, Vinasaco International Co., Ltd. signed an electricity purchase and sale contract with Bac Ninh Power Company in the contract dated January 6, 2023 with the purpose of using electricity: Producing products from plastic.

After that, Vinasaco International Co., Ltd. committed the act of selling electricity to 3 enterprises (Namu Vietnam Co., Ltd., JIA BAO RUI Vietnam Co., Ltd., IL - Sung Tech Joint Stock Company) without an electricity operating license at many different times.

With the above actions, based on the provisions of law, Vinasaco International Co., Ltd. was fined 190,000,000 VND.

The decision clearly states that Vinasaco International Co., Ltd. must strictly comply with this sanctioning decision.

If the deadline is exceeded and Vinasaco International Co., Ltd. does not voluntarily comply, it will be subject to enforcement according to the provisions of law and for every day of late payment of the fine, an additional 0.05% must be paid calculated on the total amount of unpaid fine.

Vân Trường
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