Gambling Industry

Three localities propose opening casinos

The central coastal province of Khánh Hòa proposed a casino business project on Hòn Tre island, Nha Trang City, while the central city of Đà Nẵng proposed a project at Sun World Bà Nà Hill tourist area, and the south-central province of Bình Thuận proposed a project in Đại Dương valley tourist area in Phan Thiết City.

Fear of losing customers, if Casino in Vietnam is legalized

The news that Vietnam was open to gambling in the country immediately made many of our neighboring countries worried, afraid of being "severely affected", the financial broker Union Gaming Securities Asia Ltd based in Hong Kong made such a judgment.

Proposing to pilot for Vietnamese to access casinos in major tourist destinations

According to these businesses, the impact of the COVID-19 epidemic caused a sharp drop in international visitors, so domestic tourists are a "lifesaver" for Vietnam's tourism industry.
 
However, only casino businesses are often located in major tourist destinations, Vietnamese tourists are not allowed to play, so casino businesses do not benefit from domestic tourism stimulus programs and are running out of revenue.

The latest update of Decree for Casinos in Vietnam

The latest update of Decree regulates the business and management of prize-winning electronic games business for foreigners.
This new Decree takes effect from February 12, 2022.
The new decree does not have many fundamental differences compared to the previous decree and regulations.

License for Game Club for foreigners

Procedure to get a license for Gaming Club for Foreigners is long and coistly process in Vietnam. You need to go throught and get so many permits from almost 7 government agencies (Minister level). In some case it may take a year or longer if you don't have a right local partner or consultant.

Casinos and Game Clubs in Vietnam

The declaration was at long last issued in January 2017, after a decade of waiting, individuals with foreign passports and Vietnamese who can prove a minimum income of 10 million Vietnam Dong (US$440) per month are now eligible to gamble in Vietnam’s casinos and e-gaming clubs.