Vietnam’s Ministry of Finance has introduced a proposal to implement stricter administrative penalties affecting the lottery sector. This initiative is part of a draft decree designed to modernize existing regulations and improve governance.
The proposal seeks to rename Decree No. 98/2013/ND-CP, focusing solely on the lottery industry after the exclusion of previous insurance-related provisions. This adjustment aims to clarify the law’s applicability.
Furthermore, plans to adjust enforcement powers are underway. Specific roles, such as financial inspectors, will see a reduction in their authority to impose penalties, thereby aligning the decree with the updated administrative framework.
In contrast, the draft elevates the powers of roles like heads of inspection teams and senior finance ministry officials. These roles will gain the authority to issue warnings, impose fines, seize evidence, and enforce corrective actions against violations.
The proposal additionally expands the roles of provincial leaders, giving chairpersons of People’s Committees and finance department heads the authority to impose fines, suspend activities, and ensure compliance within their regions.
Law enforcement is also set to gain enhanced powers through this draft. Police and specialized economic and cybercrime units will be empowered to issue warnings, impose fines, and take necessary actions against lottery business violations.
These new regulations aim to boost transparency and tighten control within Vietnam’s lottery sector. If sanctioned, the decree is anticipated to revitalize regulatory practices and elevate governance standards.
