Vietnam: Supplementing members to the Supervising Council of computer-generated lottery from April 08, 2020

On April 08, 2020, the Ministry of Finance of Vietnam issued Circular No. 21/2020/TT-BTC on amendments to Circular No. 36/2019/TT-BTC providing guidance on computer-generated lottery business.

hoi dong giam sat so xo, thanh vien, 21/2020/TT-BTC

According to Circular No. 21/2020/TT-BTC of the Ministry of Finance of Vietnam, from April 08, 2020, the Supervising council shall consist of components as follows:

- The position of President of the council shall be held by the President or General Director of the computer-generated lottery enterprise.

- The position of Vice president of the council shall be held by the Vice president or Chief Accountant of the computer-generated lottery enterprise.

- Members of the council shall be heads of departments and branches of the enterprise (according to Circular No. 36/2019/TT-BTC, heads of branches of the enterprise are not mentioned).

- Representatives of some socio-political organizations can be invited to join as members of the Supervising council.

The presence of all members in the Supervising council is required when the council is performing tasks. In case of objective reasons, the Supervising council shall only perform its tasks in the presence of the President or Vice President and 2 members from the council.

In case the quantity of Supervising Council’s members specified in Clause 2 of this Article is not adequate due to a force majeure event such as natural disaster, epidemic or conflagration and other emergency cases decided by a competent authority, the computer-generated lottery enterprise is entitled to add a Vice President who is, in the following order of priority, head of a department or director of a branch; deputy head of a department or deputy director of a branch of the computer-generated lottery enterprise. If the quantity of members specified in this Article is not adequate, the computer-generated lottery enterprise shall issue a decision to suspend the drawing and make the decision publicly available at its head office, branches, executive offices or shops (if any), computer-generated lottery agents, on its website or other mass media in accordance with regulations of law. The following shall be made publicly available: reasons for suspension, expected date of the next drawing, lottery tickets distributed and other information requested by the computer-generated lottery enterprise in accordance with regulations of law.

View more details at Circular No. 21/2020/TT-BTC of the Ministry of Finance of Vietnam, effective from April 08, 2020.

Le Hai

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