Is Vietnam Moving Towards Stricter Gaming Regulations?

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Is Vietnam Moving Towards Stricter Gaming Regulations?

Vietnam may be preparing for a significant shift in gambling regulation, with reports indicating that two land based casinos could soon welcome local players.

Currently, gambling opportunities for Vietnamese citizens are heavily restricted. Casinos, online betting and sports betting remain off-limits under existing laws.

That said, government backed pilot schemes allowing locals to access certain casinos have already been introduced and are now being extended for another five years. The Grand Ho Tram and Van Don Integrated Resort are at the forefront of this program.

To manage access and ensure revenue, the Ministry of Finance has proposed an entry levy of VND 2.5 million (around $100) per day, or VND 50 million (about $2,000) for a monthly pass.

Final approval for the expansion lies with Prime Minister Pham Minh Chính and the Minister of Finance. The strategy mirrors elements of Singapore’s regulatory model, often regarded as the benchmark in Asia.

The move reflects Vietnam’s gradual adjustment of its gambling laws, also requiring foreign online game operators to establish a presence within the country.

Casinos involved in the pilot must enforce strict surveillance and age verification measures.

Previously, the Corona Resort & Casino in Phu Quoc was used for testing local participation. While COVID-19 limited the outcome of that trial, the venue is now considered a candidate for permanent local access.

Altogether, these developments highlight Vietnam’s evolving stance on gambling and signal a possible new era for the country’s casino industry.

Tags: # Gambling Regulation # Land Based Casino # Vietnam # Ho Tram # Van Don # Corona Resort

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