Vietnam: How much are fines for enterprises that certify winnings of a value different from the actual winning value?

13:38, 05/08/2013

Recently, the Government of Vietnam has issued Decree No. 86/2013/NĐ-CP on the business of prize-winning electronic games for foreigners.

DN trả thưởng không đúng với giá trị trúng thưởng bị phạt, Nghị định 86/2013/NĐ-CP

Specifically, according to Decree No. 86/2013/NĐ-CP of Vietnam’s Government, a fine of between VND 90,000,000 and 100,000,000 is imposed on enterprises that certify winnings for ineligible persons or of a value different from the actual winning value. Moreover, a fine of between VND 10,000,000 and 20,000,000 is imposed on enterprises that intentionally delay the payout of prizes to players without plausible reasons.

Besides, Decree No. 86/2013/NĐ-CP also stipulates fines for violations of regulations on discounts, sales promotion and financial management regime as follows:

- A fine of between VND 60,000,000 and 70,000,000 is imposed on enterprises that violate the financial management regime promulgated by a competent state management agency.

- A fine of between VND 90,000,000 and 100,000,000 is imposed on enterprises that violate this Decree’s provisions on discounts and sales promotion.

- Deprivation of the right to use business eligibility certificates for between one (1) month and two (2) months, for administrative violations specified in Clause 2 Article 48 of this Decree.

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

Ty Na

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