Vietnam: How much is the fine for enterprises failing to issue internal management regulations?

11:22, 23/01/2017

On January 16, 2017, the Government of Vietnam issued the Decree No. 03/2017/NĐ-CP on casino business in Vietnam.

Vietnam: How are fines for violations against regulations on obligations of gamblers? / Vietnam: Permitting a person to enter and/or leave a casino in contravention of law shall be fined up to VND 200 million / Penalties for administrative violations against regulations on casino business in Vietnam

DN không xây dựng và ban hành Quy chế quản lý nội bộ, Nghị định 03/2017/NĐ-CP

Specifically, according to Article 54 of the Decree No. 03/2017/NĐ-CP of Vietnam’s Government, fines for violations against regulations on internal control and managers and directors of casinos are as follows:

- A fine of from VND 40,000,000 to VND 50,000,000 shall be imposed on any enterprise that fails to issue internal management regulations.

- A fine of from VND 90,000,000 to VND 100,000,000 shall be imposed on any enterprise that fails to establish an internal control division according to law.

- A fine of from VND 180,000,000 to VND 200,000,000 shall be imposed on any enterprise that appoints a casino’s manager and/or director who fails to fully satisfy the requirements prescribed by law. Concurrently, a 06 to 12 - month suspension of the Certificate of eligibility for casino business shall be imposed on this violation.

Besides, a fine of from VND 10,000,000 to VND 20,000,000 shall be imposed on any entity that intentionally delays the payout of a prize to a gambler without plausible reasons. A fine of from VND 90,000,000 to VND 100,000,000 shall be imposed on any entity that certifies a winning for ineligible person or of a value different from the actual winning value.

View more details at the Decree No. 03/2017/NĐ-CP of Vietnam’s Government, effective from March 15, 2017.

Ty Na

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

91 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn