On August 1, the People's Committee of Ninh Binh province said that it had just issued a decision to sanction administrative violations with a total amount of 130 million VND for ACE Vina Trading Co., Ltd. (belonging to Khanh Phu Industrial Park, Yen Khanh district).
ACE Vina Trading Co., Ltd. has committed an administrative violation by organizing construction work without a construction permit, which according to regulations requires a construction permit, as stipulated in Point c, Clause 7, Article 16 Decree No. 16/2022/ND-CP dated January 28, 2022 of the Government.
In addition to being fined 130 million VND, ACE Vina Trading Company Limited is forced to overcome the consequences according to the provisions of Article 81 of Decree No. 16/2022/ND-CP dated January 28, 2022 of the Government. The time limit for implementing remedial measures is 90 days from the date of receipt of the sanctioning decision.
All costs of organizing and implementing remedial measures are paid by ACE Vina Trading Company Limited. If the deadline passes and ACE Vina Trading Co., Ltd. does not voluntarily comply, it will be enforced according to the provisions of law.
It is known that ACE Vina Trading Co., Ltd. is a unit operating in the garment sector with 100% foreign capital (Korean).
