Circular No. 75/2013/TT-BTC: Conditions for lottery agent in Vietnam

Individuals or organizations that want to open a lottery agency must comply with the conditions specified in Article 16 of Circular No. 75/2013/TT-BTC of the Ministry of Finance of Vietnam, specifically as follows:

Case 1: For individuals:

- Being Vietnamese citizens aged 18 years or older, permanently residing in Vietnam;

- Not being persons having previous convictions, criminal records; not being persons limited the civil act capability or lost civil act capability as prescribed by law;

- Not being employees, managers working at lottery companies or lottery companies operating in the same area;

- Not being spouse, biological father or mother, adoptive father or mother, children, adopted children, biological sisters or brothers, adoptive sisters or brother of chairmen, General Directors or Directors, deputy General Directors or deputy Directors, Chiefs accountant or persons in charge of accounting, controllers and heads, deputies of professional departments of that lottery company or lottery companies operating in the same area.

- Meeting requirements on ensuring payment as prescribed by law on guarantee transaction to ensure the payment obligation to lottery companies;

- Having written commitment on full compliance with provisions of lottery companies upon becoming lottery agent.

Case 2: For organizations:

- Being economic organizations that are established and operate legally in Vietnam;

- Not being economic organizations owning the contributed capital of chairmen, General Directors or Directors, deputy General Directors or deputy Directors, Chiefs accountant or persons in charge of accounting, controllers and heads, deputies of professional departments of that lottery company or lottery companies operating in the same area;

- Not being economic organizations owning the contributed capital of spouse, biological father or mother, adoptive father or mother, children, adopted children, biological sisters or brothers, adoptive sisters or brother of chairmen, General Directors or Directors, deputy General Directors or deputy Directors, Chiefs accountant or persons in charge of accounting, controllers and heads, deputies of professional departments of that lottery company or lottery companies operating in the same area;

- Meeting requirements on ensuring payment as prescribed by law on guarantee transaction to ensure the payment obligation to lottery companies;

- Having written commitment on full compliance with provisions of lottery companies upon becoming lottery agent.

Based on conditions specified in clause 1 of this Article, lottery companies may select organizations, individuals eligible for lottery agents. Selection of lottery agents must ensure principles of publicity, transparency and objectivity.

In cases where organizations, individuals suggesting to do lottery agent are more than demand of lottery companies, lottery companies may organize bidding to select organizations, individuals that are eligible and have a network that meet requirements on ticket distribution and have the low cost level for agent commision so as to do as lottery agents.

View other provisions at Circular No. 75/2013/TT-BTC of the Ministry of Finance of Vietnam, effective from October 01, 2013.

Thu Ba

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