Vietnam: Licensed enterprise leasing or lending its postal license shall have its license revoked

According to Article 21 of the Law on Post 2010 of Vietnam, an enterprise may be granted a postal license when fully satisfying the following conditions:

- Having a business registration certificate for postal activities or an investment certificate in the post sector:

- Being financially capable and staffed with personnel suitable to its business plan for business lines subject to licensing;

- Having a feasible business plan compliant with regulations on postage rates and quality of postal services;

- Devising measures to assure information security and safety for humans, postal articles and postal networks.

During the process of operating postal services, these enterprises may have their postal licenses revoked if they commit one of the following acts:

One, opposing the State of the Socialist Republic of Vietnam, to the detriment of the national security, social order and safety;

Two, supplying false information or intentionally committing a fraud to obtain the license;

Three, failing to maintain the licensing conditions:

Four, providing postal services at variance with the license's contents, seriously harming the interests of the State and the legitimate rights and interests of organizations and individuals;

Five, failing to provide the postal service(s) indicated in the license one year after the license is granted;

Six, leasing or lending the license; illegally transferring the license.

One year after having its license revoked under Points b, c, d, e and f, Clause 1 of this Article, if it successfully remedies consequences caused by its act and ensures the conditions for being licensed specified in Article 21 of this Law, an enterprise may carry out procedures for applying for a new license.

This is the content specified in Article 24 of the Law on Post 2010 of Vietnam.

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