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Legal Counselling IN HANOI, VIETNAM

Vietnam: 04 cases of revocation of Certificate of eligibility for casino business

Recently, the Government of Vietnam has issued the Decree No. 03/2017/NĐ-CP on casino business in Vietnam.

trường hợp thu hồi Giấy chứng nhận đủ điều kiện kinh doanh casino , Nghị định 03/2017/NĐ-CP

Specifically, according to Article 31 of the Decree No. 03/2017/NĐ-CP of Vietnam’s Government, the Certificate of eligibility for casino business of an enterprise shall be revoked in any of the following cases:

- The operation has not been carried out for 12 months from the date of issue of the Certificate of eligibility for casino business;

- The enterprise is dissolved or bankrupt according to laws;

- The Certificate of investment registration or decision on investment policy is revoked;

- The enterprise is concluded not satisfying the requirements for issuance of the Certificate of eligibility for casino business by a competent authority according regulations;

- The enterprise is concluded violating all the regulations on casino business by a competent authority according to regulations.

Note:

- The enterprise shall immediately terminate the casino business at the time the Certificate of eligibility for casino business is revoked.

- The decision on revocation of the Certificate of eligibility for casino business of the enterprise shall be published on means of mass media by the Ministry of Finance.

View more details at the Decree No. 03/2017/NĐ-CP of Vietnam’s Government, effective from March 15, 2017.

Ty Na

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  • - The legal regulations in this article are according to Vietnamese Law;
  • - This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
  • - Articles may be compiled from a variety of sources;
  • - Applicable Terms may have expired at the time you are reading;
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