The Market Management Force will continue to implement Official Dispatch No. 23/CD-TTg of the Prime Minister on strengthening gold market management measures.
According to information from the General Department of Market Management, in the first 4 months of 2024, market management forces across the country discovered 145 violations at gold shops, with a total value of infringing goods of nearly 6.8 billion VND. billion VND, administrative fines of nearly 3 billion VND.
Market management forces inspected a gold shop in Hanoi
Typically, the Department of Market Management of Tien Giang province inspected and discovered 5 cases of violation, handled 1 case (4 cases are completing handling documents), the total value of infringing goods is over 1.8 billion VND. Among them, Kim Huong Dinh Gold Shop in Long Xuyen City has many gold and white gold products being sold that show signs of violation.
According to the General Department of Market Management, one of the most detected violations in recent times is gold shops selling jewelry with signs of counterfeiting many famous brands.
Common trademark counterfeiting violations for jewelry items that have recently been discovered include engraving protected trademarks on jewelry, manipulating jewelry parts containing protected trademarks. .
Accordingly, engrave the Louis Vuitton, Hermès, Chanel, Dior… trademarks on the product or create pendants, rings, and earrings with designs identical to the currently protected trademark.
The General Department of Market Management also stated that violations of intellectual property rights (infringement of trademark rights, counterfeiting of trademarks) can be subject to administrative penalties of up to 250 million VND for individuals, 500 million VND for individuals. with the organization.
In cases where an organization or individual commits a violation on a commercial scale or makes an illegal profit of 100 million VND or more, or causes damage to the trademark owner of 200 million VND or more, or the value of the infringing goods is 200 million VND or more, 200 million VND or more can be prosecuted for criminal liability, according to Article 226 of the 2015 Penal Code amended and supplemented in 2017.