CONDITIONS FOR GRANTING CERTIFICATES OF ELIGIBILITY FOR DOING THE BUSINESS OF PRIZE-WINNING ELECTRONIC GAMES
On December 27, 2021, the Government promulgates the Decree No. 121/2021/ND-CP on the business of prize-winning electronic games for foreigners.
Accordingly, an enterprise fully meeting the following conditions shall be granted a certificate of eligibility for doing the business of prize-winning electronic games: Having a tourist accommodation establishment of five-star class ranked by a competent state management agency; Having a place for building a business facility satisfying the conditions; Having managers of business facilities that meet the conditions and standards; Having a charter capital of at least VND 500 billion and making a profit in the fiscal year immediately preceding the year the enterprise submits dossiers for the Business eligibility certificate; Having an effective plan on business of prize-winning electronic games and ensuring security, social order and safety.
An enterprise engaged in the business of prize-winning electronic games may organize prize-winning electronic game activities at only one business facility location licensed by a competent state management agency. A business facility must fully satisfy the following conditions: Being located separately from other business areas of the enterprise and having separate entrances and exits; Having electronic equipment and cameras for constant monitoring and surveillance of all activities in the facility; etc.
Besides, persons eligible for playing games at business facilities include: Foreigners and overseas Vietnamese who lawfully enter Vietnam with their passports or international travel documents issued by a foreign competent authority and have a valid residence permit in Vietnam. Players shall get their wins certified and fully paid out by enterprises; receive and remit or bring prize money in foreign currencies abroad according to regulations.
This Decree takes effect on February 12, 2022.
