Tokens of electronic games in Vietnam of each enterprise must have bear separate marks or signs

Tokens of electronic games in Vietnam of each enterprise must have bear separate marks or signs (Internet image)

Article 12 of Decree 86/2013/ND-CP stipulates that tokens of each enterprise must bear separate marks or signs for identification and fully satisfy the technical conditions prescribed by state management agencies. The par value of tokens may be nominated in Vietnam dong or a freely convertible foreign currency. The conversion of foreign-currency par value of tokens complies with the guidance of the State Bank of Vietnam. Enterprises may not use tokens of other enterprises for their business.

At the same, enterprises shall strictly manage their tokens under the guidance of the Ministry of Finance, thereby determining their turnover, and register token models, quantity and types with the Ministry of Finance and local tax offices directly managing them for monitoring and management.

In case of changing token models, quantity and types, within five (5) working days after the change, an enterprise shall re-register it with the provincial-level Finance Department and tax offices directly managing them.

In addition, this Decree also stipulates the persons permitted to enter and leave facilities for doing the business of prize-winning electronic games in Vietnam as follows:

• The persons eligible for playing games defined in Article 9 of this Decree.

• Employees and staff members of enterprises who are permitted to enter and leave business facilities to work as assigned by enterprises. Enterprises shall make and announce updated lists of their employees and staff members permitted to enter for work and leave their business facilities.

• Officials of competent state management agencies who are assigned to conduct examination and inspection of enterprises in accordance with law.

• Employees and staff members of enterprise and officials of competent state management agencies may enter business facilities to perform their relevant tasks as assigned and are strictly prohibited from entering business facilities to play prize-winning electronic games.

• Enterprises shall keep books for monitoring or grant electronic cards for controlling all persons entering and leaving business facilities. Monitoring books and electronic information must be preserved under regulations and satisfy requirements for examination and inspection by state management agencies.

More details can be found in Decree 86/2013/ND-CP which comes into force from October 1, 2013.

Ty Na

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