Closely monitor the prize-winning video game business for foreigners


On December 27, 2021, the Government issued Decree No. 121/2021/ND-CP on the business of prize-winning electronic games for foreigners, effective from February 12, 2022 and replacing the Decree No. 86/2013/ND-CP dated July 29, 2013 and Decree No. 175/2016/ND-CP dated December 30, 2016 of the Government on the business of prize-winning electronic games for foreigners .

Only issue Business Registration Certificate to enterprises with a minimum charter capital of VND 500 billion and profitable business in the fiscal year immediately preceding the year in which the application for the Certificate of Business Registration is submitted.

In order to enhance the effectiveness of state management, strict management and supervision of the business of prize-winning electronic games for foreigners (TCDTCT), ensuring security and social order, the Decree stipulates Regulations: Only foreigners and Vietnamese residing abroad who legally enter Vietnam are allowed to play CITCT. The process of playing takes place completely automatically between the player and the computer. The business enterprise of the CIT is responsible for monitoring and controlling all subjects allowed to enter and exit the business point.

The Decree stipulates that the machine used by the GDT for business purposes must be 100% new and certified by an independent testing organization operating in the G7 countries. Enterprises are allowed to trade in 02 types of machines, including: machines for 01 player (slot machines) and machines for many players at the same time, but with a maximum of 32 players; The maximum ratio of TCCTCT machines for many players is 15%/total trading machines.

Enterprises are entitled to purchase, manage and use backup equipment but must ensure the principle that the backup equipment must be 100% new and the number of backup devices must not exceed 10% of the total number of equipment of the enterprise. CIT and CIT machines are allowed to do business.

In the course of business, in case the computer is damaged or needs periodic maintenance, this repair and maintenance can only be carried out in the business premises or at organizations with the function of repairing and maintaining the machine; In case the repair and maintenance of the machine is related to the parts that change the payout ratio, the enterprise must hire an independent inspection organization to re-check before putting the machine into business.

The Decree stipulates that the business location of the CCP must be located in a separate area in the tourist accommodation establishment and must have a camera system to monitor all activities in the business point with a minimum image storage time. is 180 days from the date of recording. Within 180 days from the effective date of this Decree, enterprises must upgrade the camera system to monitor and monitor business locations to meet the above-mentioned image storage time.

The Decree stipulates that the Certificate of Business Registration shall only be granted to enterprises with strong financial capacity. Enterprises must fully meet 05 conditions to be granted a Business Registration Certificate, including: Having registered for business lines and lines of business with the CITCT and owning a 5-star rated tourist accommodation establishment; There is an area to arrange a separate business point that meets the business conditions of the Corporation; Having a manager or executive with a university degree or higher; Having at least 03 years of experience in managing business activities of the Corporation; Having a minimum charter capital of VND 500 billion and making a profit in the fiscal year immediately preceding the year in which the application for the Certificate of Business Registration is submitted; Having a business plan to ensure the maintenance of security, order and social safety.

According to the Ministry of Finance, compared with the previous regulations in Decree No. 86/2013/ND-CP, the conditions for issuance of Business Registration Certificate have been improved.

Implementing reform, cutting administrative procedures and applying information technology in receiving, managing and processing dossiers. To amend or extend the Certificate of Business Registration, the enterprise only has to submit copies of relevant papers and documents and choose one of the forms of application, including submitting directly to the Ministry of Finance, by post or by mail or by mail. through the public service portal of the Ministry of Finance.

In case the enterprise changes any content in the Business Registration Certificate, it must carry out the procedures for adjusting the Business Registration Certificate. After the enterprise is reorganized according to the provisions of the law on enterprises, it must carry out procedures to be re-granted the Certificate of Business Registration.

Le Kim Lien

.

Leave a Reply

Your email address will not be published. Required fields are marked *