According to Government Decree No. 86/2013/ND-CP issued on July 29, trade in prize-winning video games for foreigners is a conditional business activity and subject to strict control of competent state agencies. This activity must be associated with main business activities of an enterprise for promoting tourist development while ensuring security and social order and safety.
To obtain a certificate of eligibility for trade in prize-winning video games, an enterprise must possess a license for set-up of and trade in tourist accommodation establishments granted by a competent authority, and satisfy the following conditions: (i) having tourist accommodations ranked as 5-star or high-class or higher grade; (ii) having a business place satisfying law-prescribed conditions; (iii) its manager has university or higher degree and at least 3 years’ experience in management of prize-winning video games; (iv) satisfying security and order conditions; (v) having financial capacity; and (vi) having an effective business plan.
Such certificate will be revoked if the enterprise does not actually conduct business activities after 12 months from the date of grant of the certificate; is dissolved or goes bankrupt; has its investment certificate or enterprise registration certificate revoked; fails to satisfy business conditions as concluded by the examination agency; or violates regulations on trade in prize-winning video games.
The Decree also specifies a fine of up to VND 100 million for an individual or up to VND 200 million for an organization that commits administrative violations in trade in prize-winning video games.