About Us
FAQ
Global Advisory Experts Logo
Global Advisory Experts Logo

Find a Global Law Expert

Specialism
Country
Practice Area

Awards

Since 2010, the Global Law Experts annual awards have been celebrating excellence, innovation and performance across the legal communities from around the world.

Regulations on E-Gambling for Foreigner Business in Vietnam

posted 10 months ago

It is important for foreign businesses seeking to engage in e-gambling in Vietnam to familiarize themselves with local laws and consult with experienced legal professionals. Breaking the law can lead to severe legal penalties, including imprisonment, fines, and deportation.

1. Regulations on e-gambling

The issuance of Decree No. 121/2021/ND-CP by the Vietnamese government has brought changes to regulations on electronic gambling for foreign businesses. Decree No. 121, which was effective from February 12th, 2022, has been detailed further by Circular 39/2022/TT-BTC and Circular 09/2022/TT-NHNN, issued on June 24th, 2022, and July 12th, 2022, respectively. 

2. Individuals eligible for participating in e-gambling

Decree 121 mandates that only foreigners and overseas Vietnamese who legally enter Vietnam and possess valid passports or international travel documents issued by competent foreign authorities, along with valid visas, can participate in e-gambling. These individuals must also have full civil capacity as per Vietnamese law and willingly adhere to the Game Rules and other provisions listed in Decree 121.

3. Business conditions and licenses

While the basic requirements such as having a five-star tourist accommodation establishment, an area that satisfies regulation conditions for the Business Location, trained managers or operators with over three years of experience, and a business plan are still in effect, Decree 121 sets higher standards for e-gambling business enterprises.

4. Conclusion

In short, foreign businesses may still engage in e-gambling activities if they comply with Vietnamese law and regulations. The government has clearly defined the legal framework for foreign investors to operate e-gambling businesses in Vietnam, with the condition of acquiring a valid license from Vietnamese authorities. To avoid serious legal consequences, it is crucial for foreign businesses to adhere to the local laws and regulations governing e-gambling in Vietnam.
#gambling #business

For the full detail of this post, please reference on this link: http://hmlf.vn/regulations-on-e-gambling-for-foreigner-business-in-vietnam/

Harley Miller Law Firm “HMLF”
Head office: 14th floor, HM Town building, 412 Nguyen Thi Minh Khai, Ward 05, District 3, Ho Chi Minh City.
Phone number: +84 937215585
Website: hmlf.vn
Email: [email protected] 

Author

Join

0
who are already getting the benefits

Sign up for the latest advisory briefings and news within Global Advisory Experts’ community, as well as a whole host of features, editorial and conference updates direct to your email inbox.

Naturally you can unsubscribe at any time.

Newsletter Sign Up

About Us

Global Advisory Experts is dedicated to providing exceptional advisory services to clients around the world. With a vast network of highly skilled and experienced advisers, we are committed to delivering innovative and tailored solutions to meet the diverse needs of our clients in various jurisdictions.

Quick Links

Help

Contact Us

Stay Informed

Join Mailing List

GAE