Vietnam: New points about warning for violations of insurance and lottery business

09:52, 11/11/2023

On May 10, 2018, the Government of Vietnam issued Decree No. 48/2018/NĐ-CP on amendments to Decree No. 98/2013/NĐ-CP on penalties for administrative violations in insurance business and lottery business.

According to Decree No. 48/2018/NĐ-CP of Vietnam’s Government, a warning shall be imposed for any of following violations:

- Failing to have the mandatory information posted in 05 consecutive issues (03 consecutive issues according to Decree No. 98/2013/NĐ-CP) of a daily newspaper as per the law.

- Announcing at variance with time limit about one of contents in the license for establishment and operation or representative office license as prescribed by law.

- Failing to announce the contents or amending contents in the license to establish a representative office as prescribed by law.

View more at Decree No. 48/2018/NĐ-CP of Vietnam’s Government, effective from May 10, 2018.

-Thao Uyen-

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