If owners voluntarily close karaoke venues, do they have their operating license revoke in Vietnam?

1. If owners voluntarily close karaoke venues, do they have their operating license revoke in Vietnam?

Pursuant to Article 14 of Decree 54/2019/ND-CP stipulating voluntary business closures as follows:

The owners voluntarily closing karaoke venues, nightclubs are responsible for sending a notice of shutdown of business households (Form 05 in the Appendix issued together with this Decree) and the issued Operating license to the licensing authority. If the owners close without notice, after 12 continuous months without business, the licensing authority shall revoke the Operating license as specified in Point c Clause 1 Article 16 of this Decree.

Thus, in case your household terminates the karaoke service by itself in Vietnam, you must notify the competent authority. In case of failure to notify, after 12 continuous months without business, the licensing authority shall revoke the Operating license.

2. What are cases of revoking the Operating license of karaoke venues in Vietnam? 

According to Clause 1, Article 16 of Decree 54/2019/ND-CP, the licensing authority shall decide to revoke the Operating license if the owner:

a) uses fabricated documents to apply for the Operating license;

b) fails to fulfill any of the business conditions in a manner that causes damage to life, health and/or belongings;

c) fails to run the business for 12 continuous months while holding the license;

d) fails to suspend business at the request of licensing authority;

D) fails to rectify or fully rectify the violations by the end of the time limit imposed by the licensing authority.

e) repeats any of the violations specified in the business suspension request within 02 years since the end of the suspension.

According to this Article, the karaoke venues will have its Operating license revoked when it falls into one of the above cases in Vietnam.

Best Regards!