18 Prohibited acts in betting in Vietnam

18 Prohibited acts in betting in Vietnam (Internet image)

1. What is the business of betting?

According to Clause 2, Article 2 of Decree 06/2017/ND-CP, the business of betting means the organization and provision of bets for gamblers in the principle that the gamblers buy the bet ticket and receive betting payout according to Decree 06/2017/ND-CP.

2. Principles of betting business in Vietnam

Specifically, in Article 3 of Decree 06/2017/ND-CP, the principles of betting business in Vietnam include:

- Betting business is a conditional business which is not encouraged and subject to the strict control by competent authorities to assure that such business is fully compliant with Decree 06/2017/ND-CP and relevant law provisions.

- Only enterprises having the Certificate of eligibility for betting business issued according to this Decree and enterprises specified in clause 1 Article 79 of Decree 06/2017/ND-CP shall be allowed to run a betting business.

- The running of a betting business must ensure the transparency, objectiveness and honesty, ensuring the lawful rights and interests of relevant parties.

- Bet tickets and prizes shall be bought and paid out in Vietnam dong.

3. Prohibited acts in betting in Vietnam

Individuals and organizations are strictly prohibited from performing the following acts in betting business:

(1) Running a betting business without a Certificate of eligibility for betting business, excluding those specified in clause 1 Article 79 of Decree 06/2017/ND-CP.

(2) Running a betting business inconsistently with the contents licensed by the competent authorities according to laws.

(3) Running betting business and placing bets on horse racing, greyhound racing and international soccer other than those permitted by this Decree in any shape or form and by any means.

(4) Lease out, lending or transfer of the Certificate of eligibility for betting business.

(5) Running betting business while the Certificate of eligibility for betting business is suspended or revoked.

(6) Running a betting business without a Certificate of fulfillment of requirements for security and order, excluding enterprises specified in clause 1 Article 79 of Decree 06/2017/ND-CP.

(7) Running betting business while the Certificate of fulfillment of requirements for security and order is suspended or revoked.

(8) Placing bets while not being eligible as prescribed in clause 1 Article 7 of Decree 06/2017/ND-CP.

(9) Allowing another person who is not eligible to place bets as specified in clause 1 Article 7 of Decree 06/2017/ND-CP to borrow or use personal information to register a bet account as prescribed in Article 17 of Decree 06/2017/ND-CP.

(10) Contributing in illegal arrangement or agreement to fix the result of the betting event.

(11) Lending money to gamblers, applicable to bet-organizing enterprises.

(12) Permitting persons banned from placing bets prescribed in clause 2 Article 7 of Decree 06/2017/ND-CP to place bets under any form or reason.

(13) Taking advantage of the betting business to take bets in contravention of this Decree.

(14) Providing information about the betting ratios established by the bet-organizing enterprises without their permission or authority.

(15) Taking advantage of the betting business to carry out the money-laundering.

(16) Taking advantage of sales promotion to take bets illegally aiming to earn profits from collecting money from customers.

(17) Causing public disorder at horse racing venue.

(18) Other prohibited acts prescribed in relevant laws.

Thanh Rin

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