Vietnam: How long is the time limit for receiving prizes of the winning lottery tickets?

According to Article 30 of Circular No. 75/2013/TT-BTC of the Ministry of Finance of Vietnam, the time limit for receiving prizes of the winning lottery tickets is 30 days, from the date of defining the result of winning prizes or expiry date of circulating lottery ticket. Pass this time limit, the winning lottery tickets are no longer valid for receiving prizes.

Lottery companies pay prizes at head offices, branches, representative offices and the authorized lottery agents. Duration of payment for the winning lottery tickets of lottery companies to the lottery winner is not later than 05 working days, after receiving requests for prizes from customers. In cases arising disputes, complaints, duration for payment may be prolonged until having official conclusion of competent state agencies.

Concurrently, Circular No. 75/2013/TT-BTC also stipulates that lottery tickets receiving prizes must be in intact of form, size, not be torn, no patchwork, not erased, repaired and still in time limit for receiving prizes as prescribed.

In case due to objective reasons, the winning lottery tickets are torn but still have sufficient grounds to identify the initial form, authenticity of tickets, not belong to subjects of doubting on fraudulence, the torn position not influencing to elements for defining on winning prizes, lottery companies may verify and decide the payment for prizes or refusal for paying prizes to customers. Competence for decision is chairmen, General Directors (Directors) of lottery companies specified in the rules on participating in winning lottery specified in Article 8 of this Circular.

Based on provision mentioned above, lottery companies shall specify conditions of tickets receiving prizes, cases where the torn tickets and torn positions are considered and verified to decide payment for prizes or refusal for paying prizes to customers in the Rules on participating in winning lottery.

View other provisions at Circular No. 75/2013/TT-BTC of the Ministry of Finance of Vietnam, effective from October 01, 2013.

Thu Ba

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