On March 01, 2007, the Government of Vietnam issued Decree No. 30/2007/NĐ-CP on lottery business.
According to Article 5 of Decree No. 30/2007/NĐ-CP of Vietnam’s Government, duties and benefits of lottery participants are specified as follows:
First: Lottery participants shall observe state regulations on lottery business and rules publicized by lottery business enterprises and fulfill tax obligations towards the State in accordance with law.
Second: Lottery participants have the following benefits:
- 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.
- 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;
- To request lottery business enterprises to keep secret information on their prize winning and receipt;
- To be entitled to other lawful benefits according to the lottery participation rules publicized by lottery business enterprises.
View details at Decree No. 30/2007/NĐ-CP of Vietnam’s Government, effective from March 03, 2007.
Ty Na
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