Vietnam: Conducting regular examination once every three (3) years for prize-winning electronic games enterprises

According to Article 33 of Decree No. 86/2013/NĐ-CP of Vietnam’s Government, the Ministry of Finance shall assume the prime responsibility for, and coordinate with the Ministry of Planning and Investment, the Ministry of Public Security, the Ministry of Culture, Sports and Tourism, related ministries and sectors, and provincial-level People’s Committees of localities where enterprises organize their business of prize-winning electronic games in, conducting regular examination once every three (3) years to examine the enterprise’s capability to maintain business conditions or consider revoking their business eligibility certificates. Examination contents include:

- Examination of full satisfaction of the conditions for grant of business eligibility certificates as regulated. Particularly for enterprises specified in Clause 1, Article 51 of this Decree, examination of full satisfaction of the conditions for grant of business eligibility certificates as regulated.

- Examination of adequate and proper observance of this Decree’s provisions on organization of the business of prize-winning electronic games, covering the following principal contents:

+ Management of prize-winning electronic game machines and equipment and tokens;

+ Management of persons eligible for playing prize-winning electronic games and persons permitted to enter and leave business facilities;

+ Observance of regulations on internal management and control, financial regulations and game rules;

+ Management of foreign exchange and observance of internal regulations on anti-money laundering;

+ Observance of regulations on finance, accounting and state budget remittance obligation.

The Ministry of Finance and provincial-level People’s Committees shall decide on irregular examinations upon detecting enterprises showing signs of violation of regulations on persons eligible for playing prize-winning electronic games and assurance of security, social order and safety, or receiving reports on crimes related to enterprises.

Note: Provincial-level People’s Committees shall conduct annual examination to assure adequate and proper observance by enterprises of regulations on business conditions in the course of doing the business of prize-winning electronic games. An enterprise is subject to regular examination only once a year.

View details at Decree No. 86/2013/NĐ-CP of Vietnam’s Government, effective from October 01, 2013.

Ty Na

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