If foreigners win lottery in Vietnam, are they allowed to exchange that prize to foreign currency?

If foreigners win lottery in Vietnam, are they allowed to exchange that prize to foreign currency?

Clause 2, Article 5 of Decree 30/2007/ND-CP provides for the rights of lottery prize participants as follows:

2. Lottery participants have the following benefits:

a/ To get the full value of prizes they have won from lottery business enterprises. If due to objective causes (sickness, diseases, etc.) a prizewinner cannot personally receive his/her prize, he/she may authorize his/her lawful representative to receive the prize.

b/ Winners who are foreigners or overseas Vietnamese who lawfully enter Vietnam may use the prize money to purchase foreign currencies and transfer them abroad according to state regulations on foreign exchange management;

c/ To request lottery business enterprises to keep secret information on their prize winning and receipt;

d/ To be entitled to other lawful benefits according to the lottery participation rules publicized by lottery business enterprises.

Based on the above regulations, if you are a foreigner when winning in Vietnam, you will be allowed to buy foreign currency and transfer foreign currency abroad in accordance with the State's regulations on foreign exchange management.

Is the issuance of lotteries from abroad to Vietnamese domestic organizations and individuals permitted?

In Article 6 of Decree, Clause 3, Article 1 of Decree 78/2012/ND-CP , there are provisions on prohibited acts as follows:

1. Illegally conducting lottery business in any forms or by any means.

2. Using results of lottery issued by lottery business enterprises to organize prize-winning programs.

3. Issuing foreign lottery tickets to domestic organizations or individuals.

4. Falsifying winning results.

5. Using state money to participate in lottery drawing.

6. Making fake lottery tickets in any forms.

7. Using lottery for money laundering.

8. Providing information that anticipates the lottery results.

9. Taking advantage of promotion to do illegal lottery business aiming to earn profits from collecting money from their clients.

10. Other prohibited acts prescribed by law.

Thus, the act of issuing lotteries from abroad to domestic organizations and individuals is prohibited under the provisions of Vietnamese law.

Best Regards!