Vietnam: Failing to award prizes within the prescribed time limit shall be fined up to VND 10 million

According to Clause 1 Article 33 of Decree No. 98/2020/NĐ-CP of Vietnam’s Government, a fine ranging from VND 5.000.000 to VND 10.000.000 shall be imposed for committing one of the following violations:

- Failing to implement, or insufficiently or improperly implementing regulations on provisions and disclosure of information on sales promotion when doing a sales promotion;

- Collecting fees, charges or money from customers or requesting customers to make any payments when doing a sales promotion by providing sample goods or services free of charge;

- Failing to publicly organize the prize-awarding day for a promotional game of chance or organizing a prize-awarding day without the customers’ witness or a record made;

- Failing to notify competent authorities of the time and place of inserting proofs of prize-winning into the goods before this insertion is made when doing a sales promotion which requires proofs of prize-winning issued together with the goods;

- Failing to implement or improperly implementing regulations on announcement of prize winners and sales promotion results;

- Failing to award prizes within the prescribed time limit when doing a sales promotion with awarding prizes;

- Failing to make accurate and timely certification of participation by customers in a customer loyalty program;

- Failing to fully indicate and store required information on coupons for purchasing goods or services, contest entry forms, lottery forms, customer cards or coupons acknowledging the purchase of goods or services in customer loyalty programs.

View more details at the Decree No. 98/2020/NĐ-CP of Vietnam’s Government, effective from October 15, 2020.

Ty Na

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