What are the types of computer-generated lottery products in Vietnam?

What are the types of computer-generated lottery products in Vietnam? (Internet image)

Regarding this issue, LawNet would like to answer as follows:

1. What is computer-generated lottery?

Computer-generated lottery means a form of lottery that is issued by terminal devices, landlines, mobile phones or the Internet and allows players to select one or several numbers in order to win prize according to the rules for each lottery product.

(Clause 1, Article 2 of Circular 36/2019/TT-BTC)

2. What are the types of computer-generated lottery products?

According to Clause 1, Article 3 of Circular 36/2019/TT-BTC, types of computer-generated lottery products: groups include:

- Matrix-based lottery means a type of lottery in which a player may select one or several numbers in a matrix of natural numbers.

- Number-based lottery means a type of lottery in which a player may select one or several numbers in a series of natural numbers.

- Quick draw lottery means a type of lottery in which a player may select one or several numbers in the set of numbers; the drawing schedule for a day shall be specified in the lottery game rules.

- Other computer-generated lottery products approved by the Ministry of Finance.

(Clause 3, 4, 5, Article 3 of Circular 36/2019/TT-BTC)

3. Requirements for computer-generated lottery products in Vietnam

According to Clause 3, Article 3 of Circular 36/2019/TT-BTC, a computer-generated lottery product shall meet the following requirements:

- The rules shall be simple and easy to understand;

- The product is suitable for market demand and tastes of players;

- Payout options and planned payout rates shall be suitable for each lottery product and structure of prizes prescribed in this Circular.

4. Who is eligible to buy computer-generated lottery?

Specifically, in Clause 1, Article 4 of Circular 36/2019/TT-BTC, a lottery buyer shall:

- Be a Vietnamese citizen living in Vietnam or overseas, or a foreigner who has legally entered Vietnam;

- Be aged 18 years or older; and

- Have full legal capacity in accordance with Vietnamese law. In case of applied provisions of international treaties in which Vietnam is a member are different from the Vietnamese ones, the provisions of international treaties shall prevail.

5. Payout options of computer-generated lottery products in Vietnam

Payout options of computer-generated lottery products include:

(i) “Fixed payout” means a prize that is a fixed amount or a fixed number multiplied by (x) the entry value.

(ii) Proportional payout” means a prize which is a percentage (%) of the revenue from each issue of the lottery enterprise.

(iii) Combination of both payment option specified in (i), (ii).

(Clause 10, Clause 11, Article 2 and Clause 1, Article 8 of Circular 36/2019/TT-BTC)

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