Article 8.- Violation of regulations on industrial property assessment
1. A fine of between VND 10,000,000 and VND 20,000,000 shall be imposed on individuals or
organizations functioning to conduct industrial property assessment that commit one of the following acts:
a/ Failing to observe regulations on assessment order and procedures; failing to fulfill obligations of assessment requesters, of individuals or organizations conducting assessment under the provisions of law on assessment;
b/ Accepting and conducting assessment even though such assessment must be rejected under regulations;
c/ Deliberately giving untruthful or groundless assessment conclusions or assessment conclusions with grounds not true to the case in question;
d/ Disclosing secret information acquired while conducting assessment without permission of concerned parties.
2. Additional sanctions: Deprivation of the right to use the assessor’s card for 6 to 12 months or for indefinite time, for violations specified in Clause 1 of this Article.