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Legal news August 2017 in Viet Nam

1.Term of licenses for receiving and paying in foreign currency in prize-winning electronic gaming business This is the highlighted content of Circular No. 11/2017/TT-NHNN dated 30 August 2017 of Vietnam State Bank on foreign exchange control in business activities of prize-winning electronic games for foreigners (“Circular 11”). This Circular provides new regulations on term of license for receiving and paying in foreign currency and other activities in foreign currency, under which the term is equal to the remaining term of one of the following documents: (a) Certificate of satisfaction of regulatory conditions for business of prize-winning electronic gaming; (b) Certificate of investment registration...

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