15 prohibited acts in business of prize-winning electronic games for foreigners in Vietnam

15 prohibited acts in business of prize-winning electronic games for foreigners in Vietnam (Internet image)

1. What is business of prize-winning electronic games for foreigners?

According to Clause 2, Article 2 of Decree 121/2021/ND-CP, the business of prize-winning electronic games for foreigners means a conditional business of providing prize-winning games on prize-winning electronic gaming machines which is licensed by competent state management agencies.

Specifically, prize-winning electronic games means games of chance played on prize-winning electronic gaming machines by players who pay money and may win monetary prizes.

(Clause 1, Article 2 of Decree 121/2021/ND-CP)

2. Prohibited acts in business of prize-winning electronic games for foreigners in Vietnam

Specifically, in Article 4 of Decree 121/2021/ND-CP, the prohibited acts of doing e-business with prizes for foreigners include:

(1) Operation of a prize-rewarding electronic game business without a certificate of business eligibility, except the enterprises prescribed in Clause 1 Article 42 of Decree 121/2021/ND-CP.

(2) Operation of a prize-rewarding electronic game business in violation of the content of the business license issued by the competent state management agency in accordance with regulations of the law.

(3) Tampering with, erasing, leasing, lending or transferring business eligibility certificates.

(4) Conducting the business of prize-winning electronic games during the period of being deprived of the right to use business eligibility certificates or being suspended from doing the business under decisions of competent state management agencies.

(5) Letting persons not prescribed in Article 11 of Decree 121/2021/ND-CP enter business facilities in any form and for any reason.

(6) Permitting or organizing direct betting between players based on results of prize-winning electronic games at business facilities.

(7) Cheating in the process of organizing or participating in prize-winning electronic games at business facilities.

(8) Committing acts affecting security, social order and safety at business facilities.

(9) Illegally transferring, leasing or lending places for organizing the business of prize-winning electronic games.

(10) Illegally organizing and providing prize-winning electronic games via computer and telecommunications networks and the internet.

(11) Taking advantage of the business of prize-winning electronic games to smuggle and transport foreign currencies, gold, silver, gems and precious metals, or conduct money laundering in any form.

(12) Certifying false prize money amounts, giving untruthful certification or ultra vires or causing difficulties to players without plausible reasons when giving certification.

(13) Taking advantage of the maintenance and repair of prize-winning electronic gaming machines to organize the business of illegal prize-winning electronic games.

(14) Conducting the business of prize-winning electronic gaming machines and gaming devices which have contents or cultural images yet to be approved by a competent state management agency for dissemination or circulation in accordance with the law.

(15) Other prohibited acts as prescribed by the law.

3. Principles of the business of prize-winning electronic games in Vietnam

Principles of the business of prize-winning electronic games specified in Article 3 of Decree 121/2021/ND-CP are as follows:

- The business of prize-winning electronic games is a conditional business subject to strict control by competent state management agencies to assure this business compliant with the law.

- The business of prize-winning electronic games must be associated with main business lines of enterprises in order to promote the development of tourism and ensure security and social order and safety.

- The organization of and participation in prize-winning electronic games must be transparent, objective and honest, and protect the rights and interests of participants.

- Organizations and individuals involved in the organization of and participation in prize-winning electronic games shall fully comply with this Decree and other relevant laws.

Thanh Rin

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE