Mask shops fined for overcharging

04-Feb-2020 Intellasia | DtiNews | 6:02 AM Print This Post

Two shops in Hanoi have been fined for overcharging for face masks amid rising demand due to the spreading of coronavirus.

A box of 50 masks is usually sold for VND30,000 (USD1.30) to VND50,000. But as demand rises, a box of masks now costs VND250,000 to VND280,000. Some high-quality masks are sold at hundreds of thousands of VND each.

On January 31, the Economic Police Department in Hanoi cooperated with the Market Management Team 1 and found that many mask shops were overcharging. Two included shops at 120 and 118 Ngoc Khanh, Ba Dinh District.

Mai Huu Chung, the owner of the 120 Ngoc Khanh shop, said they sold 30 mask boxes on January 31 at the prices of VND130,000 (USD5.60) to VND220,000 each. The police also seized 680 masks of unknown origin.

Nguyen Thi Thu, the owner of 118 Ngoc Khanh shop said they sold 134 boxes at the price of VND300,000 (USD13) to VND350,000 each. They also failed to provide required invoices and documents for 266 masks.

Colonel Phung Anh Le, head of the Economic Police Department, said people started getting more worried as coronavirus spread. Several shop owners had taken advantage of the situation to hoard masks and overcharge. They have inspected the shops on Ngoc Khanh Street following directives from the Hanoi Department of Public Security.

The owners of the shops were fined VND20m (USD866) and VND30m for the violation. According to the regulations, they must also submit their illegal profits to the state budget.


Category: Business, Vietnam

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