Laws in Vietnam

1. Declaration and payment of licensing fees Licensing fees shall be declared once when an enterprise is established no later than the last day of the month in which business operation is commenced; In case a business establishment is established but not yet come into operation, licensing fees must be declared within 30 days from the day of issuance of certificate of business registration or certificate of investment registration and certificate of tax registration. The deadline for payment of licensing fees is the same as that for submitting the licensing fee declaration. Only the licensing fee declaration is required to declare licensing fees. After commencement of operation, license fees shall be paid annually no later than the 30th of January. 2. Notification of value added tax (VAT) accounting method (form 06/GTGT)  There are 2 methods of VAT calculation: credit-invoice method (using VAT invoices) and direct method (using sales invoices). To apply the direct meth...

1. General security and order conditions -  A business establishment must be registered, licensed or established under the law of Vietnam. - The person in charge of security and order of a business establishment must not be one of the following subjects: + A person has been criminally prosecuted and being under the investigation, prosecution or adjudication by a Vietnamese or foreign procedural body. + A person has a criminal record on infringing upon the national security or deliberate commission of a crime liable to a prison term of 03 years or more which has not yet been expunged; or is suspended from serving a prison sentence; or is serving a non-custodial rehabilitation; or is under the mandatory supervision, or the prohibition from residence or holding certain position or running a business sector subject to security and order conditions upon the court’s decision. + A person is liable to the compulsory educational measures at the community; is waiting for a d...

1. General security and order conditions -  A business establishment must be registered, licensed or established under the law of Vietnam. - The person in charge of security and order of a business establishment must not be one of the following subjects: + A person has been criminally prosecuted and being under the investigation, prosecution or adjudication by a Vietnamese or foreign procedural body. + A person has a criminal record on infringing upon the national security or deliberate commission of a crime liable to a prison term of 03 years or more which has not yet been expunged; or is suspended from serving a prison sentence; or is serving a non-custodial rehabilitation; or is under the mandatory supervision, or the prohibition from residence or holding certain position or running a business sector subject to security and order conditions upon the court’s decision. + A person is liable to the compulsory educational measures at the community; is waiting for a d...

1. General security and order conditions -  A business establishment must be registered, licensed or established under the law of Vietnam. - The person in charge of security and order of a business establishment must not be one of the following subjects: + A person has been criminally prosecuted and being under the investigation, prosecution or adjudication by a Vietnamese or foreign procedural body. + A person has a criminal record on infringing upon the national security or deliberate commission of a crime liable to a prison term of 03 years or more which has not yet been expunged; or is suspended from serving a prison sentence; or is serving a non-custodial rehabilitation; or is under the mandatory supervision, or the prohibition from residence or holding certain position or running a business sector subject to security and order conditions upon the court’s decision. + A person is liable to the compulsory educational measures at the community; is waiting for a d...

1. General security and order conditions -  A business establishment must be registered, licensed or established under the law of Vietnam. - The person in charge of security and order of a business establishment must not be one of the following subjects: + A person has been criminally prosecuted and being under the investigation, prosecution or adjudication by a Vietnamese or foreign procedural body. + A person has a criminal record on infringing upon the national security or deliberate commission of a crime liable to a prison term of 03 years or more which has not yet been expunged; or is suspended from serving a prison sentence; or is serving a non-custodial rehabilitation; or is under the mandatory supervision, or the prohibition from residence or holding certain position or running a business sector subject to security and order conditions upon the court’s decision. + A person is liable to the compulsory educational measures at the...

1. General security and order conditions -  A business establishment must be registered, licensed or established under the law of Vietnam. - The person in charge of security and order of a business establishment must not be one of the following subjects: + A person has been criminally prosecuted and being under the investigation, prosecution or adjudication by a Vietnamese or foreign procedural body. + A person has a criminal record on infringing upon the national security or deliberate commission of a crime liable to a prison term of 03 years or more which has not yet been expunged; or is suspended from serving a prison sentence; or is serving a non-custodial rehabilitation; or is under the mandatory supervision, or the prohibition from residence or holding certain position or running a business sector subject to security and order conditions upon the court’s decision. + A person is liable to the compulsory educational measures at...

1. General Conditions - A company shall only qualify for the certification of eligibility for prize-rewarding electronic gaming business after being licensed by competent authorities to establish and operate a tourist accommodation establishment and registering for conducting the prize-rewarding electronic gaming business pursuant to the Law of Investment and the Enterprise Law . - Having a tourist accommodation establishment of five-star class or high or superior class as ranked by a competent state management agency in accordance with the Law on Tourism and guiding documents. - Possession of the charter capital of no less than VND 200 billion. -  Having an effective plan on business of prize-winning electronic games and ensuring security, social order and safety in accordance with law. - A tourist accommodation establishment may be considered for grant of only one (1) business eligibility certificate and such business eligibility certificate may only be granted to the ...