Vietnam: Procedures for issuance of the Certificate of eligibility for the business of betting on horse racing and/or greyhound racing

According to Vietnam’s regulations, before organizing the betting on horse and/or greyhound racing, the enterprise must obtain the Certificate of eligibility for the business of betting on horse racing and/or greyhound racing.

Requirements:

Any enterprise having completed the investment registration procedures specified in Article 30 of Decree No. 06/2017/ND-CP of Vietnam’s Government shall apply for the Certificate of eligibility for the business of betting on horse racing and/or greyhound racing before organizing the betting on horse and/or greyhound racing.

Requirements for issuance of a Certificate of eligibility for the business of betting on horse racing and/or greyhound racing:

- Having invested in the construction of horse and/or greyhound racecourses as prescribed in the Certificate of investment registration or a written decision on investment policy;

- Having been fully equipped with a technological system, technical equipment and business software for organizing horse and/or greyhound races and the business of betting on horse and/or greyhound racing as prescribed in this Decree;

- Having a feasible plan on the business of betting on horse and/or greyhound racing and ticket selling methods and places.

Step 1: Prepare application

The enterprise shall prepare 05 sets of application with the following components:

- An application form for issuance of the Certificate of eligibility for betting business;

- A certified true copy or a non-certified copy enclosed with the original of the Certificate of investment registration or the decision on investment in the project for the construction of horse and/or greyhound racecourses which covers the business of betting on horse and/or greyhound racing and amending documents thereof (if any) which are issued by competent authorities according to laws on investment;

- A criminal record, applicable to the enterprise’s managers/directors;

- Documents proving that the enterprise fully satisfies the requirement specified in clause 1 Article 31 of this Decree;

- The Certificate of conformity with regulations on quality of horse and/or greyhound racecourses issued by a competent authority;

- A business plan which contains the following main contents: the purposes of the construction, type of product, ticket selling methods and places, frequency of betting, the assessment of the business efficiency (revenues, expenditures, interests and sums to be transferred to the state budget), the environmental impact assessment, solutions for social security, order and safety, the implementation progress and time limit of the business;

- A draft of the betting rules, the racing charter and internal regulations on anti-money laundering.

Step 2: Submitting application

- The enterprise shall submit 01 application for the Certificate of eligibility for the business of betting on horse and/or greyhound racing to the Ministry of Finance;

- Within 05 working days from the day on which the application is received, the Ministry of Finance shall notify the enterprise of the adequacy and validity of the application and request the supplementation (if necessary) and 05 copies of the application for inspection;

- Within 15 days from the day on which the satisfactory application is received, the Ministry of Finance shall request in writing the opinions of relevant authorities, including the Ministry of Culture, Sports and Tourism, the Ministry of Planning and Investment, the Ministry of Public Security and the People's Committee of the province where the construction of the racecourse is registered;

- Within 30 days from the day on which the written requests for opinions of relevant authorities are sent, the Ministry of Finance shall establish an interdisciplinary mission team including the Ministry of Culture, Sports and Tourism, the Ministry of Planning and Investment, the Ministry of Public Security and the People's Committee of the province where the construction of the racecourse is registered which is in charge of on-site inspection at the racecourse, the betting business premise and the main office of the enterprise applying for the Certificate of eligibility for betting business.

- Within 15 days from the day on which the on-site inspection finishes, the authorities receiving the request for opinions shall send writings containing their opinions to the Ministry of Finance and shall be responsible for their own opinions;

- After receiving the opinions from the relevant authorities, the Ministry of Finance shall consolidate opinions and consider whether or not to issue the Certificate of eligibility for the business of betting on horse and/or greyhound racing.

- Within 90 days from the day on which the satisfactory application is received, the Ministry of Finance shall consider issuing the Certificate of eligibility for the business of betting on horse and/or greyhound racing. If the application is rejected, the Ministry of Finance shall send the enterprise a written notification containing the explanation.

Fee: None

Result: The Ministry of Finance issues the Certificate of eligibility for the business of betting on horse and/or greyhound racing.

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