Decree No. 8/SL of 1949 stipulates the pricing of essential goods for people's livelihood and the resistance war, prohibiting sales above the maximum price set by the Government. This document applies during the resistance period of Vietnam.
Scope of application
The people and economic organizations
Key points
- Producers, traders → shall not sell essential goods for people's livelihood and the resistance war above the maximum price set by the Government (Article 1).
- The Minister of Economy → must issue a decree detailing the pricing process, procedures for setting the maximum price, and price control (Article 2).
- Those violating this decree → will be fined double the value of the illegal goods or imprisoned for three to five years (Article 3).
🌐 Social impact of this document
- To stabilize market prices and protect consumer rights.
- It may cause difficulties for free business activities and reduce competition in the market.
- Increase the burden on state management in controlling commodity prices.
❓ Frequently asked questions
How will selling above the maximum price specified in this Decree be handled?
The violator will be fined double the value of the illegal goods or imprisoned for three to five years (Article 3).
Which types of goods are subject to the pricing regulations under this Decree?
Specific list issued by the Minister of Economy in the detailed decree.
Who is responsible for issuing the detailed decree regarding pricing and price control?
The Minister of Economy (Article 2).
What is the specific monetary fine for those who violate?
Fine from double the value of the illegal goods upwards.
What is the imprisonment term for those who violate the provisions of this Decree?
From three months to five years (Article 3).
Full text
DECREE
NUMBER 8/SL ON FEBRUARY 25, 1949
OF THE PRESIDENT OF THE DEMOCRATIC REPUBLIC OF VIETNAM
THE PRESIDENT OF THE DEMOCRATIC REPUBLIC OF VIETNAM
WHEREAS it is necessary at present;
WHEREAS the Minister of Economy has proposed;
RESOLVED by the Council of Ministers, after the Standing Committee of the National Assembly has agreed;
ISSUES THE DECREE:
Article 1: NOW, THEREFORE, it is hereby prohibited to sell goods essential for people's livelihood and the resistance war at a price higher than the maximum price set by the Government.
Article 2: A decree of the Minister of Economy will specify the types of goods subject to price control, the procedures for setting maximum prices, and the supervision thereof.
Article 3: Violations of this Decree and its implementing decrees shall be punished as follows:
1- A fine not less than double the value of the contraband goods.
2- Imprisonment from three months to five years, or one of these two punishments.
Article 4: The Ministers of Economy and Justice shall implement this Decree.
Ho Chi Minh City
(Signed)
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