A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to  subscribe.

cheat sheets

snapshots

Category: Gaming

Supply of slot machines in Vietnam close to outstripping demand: Gaming exec

As a result, the gaming executive says that border closures and the subsequent reduction in tourists visiting Vietnam saw the market become oversaturated as the number of players fell significantly. He says the market has still not fully recovered and that many gaming clubs that took a financial hit during the pandemic are in need of further investment to get moving again…

Read More »

Gambling in Vietnam: Foreign Investor Quick Read 2024

Gambling in Vietnam is illegal but that doesn’t stop a sizable amount of betting occurring. This tends to peak around major sporting events. Recognising that this might be a problem, or perhaps that Vietnam is missing out on millions of dollars worth of tax revenue, there have been recent moves to try to legalise the practice. In this light, this cheat sheet runs through how gambling works in Vietnam, who can gamble, and the key regulations governing gambling that is already permitted…

Read More »

Illegal Vietnam gambling sites sponsoring sports teams in Europe

Gambling in Vietnam is illegal but is still rampant. There have been some attempts to legalise the practice, particularly sports betting, with guidelines for a pilot program legislated back in 2017, but no business has as yet taken up the opportunity. This is in large part due to very restrictive regulations that limit the size of a bet to VND 1 million or about US$42 and to just a handful of sports. A minimum capital contribution of VND 1 trillion or US$42 million is also required…

Read More »

Video game platform Steam confirmed blocked in Vietnam

There has been some speculation over the last few weeks that blocking Steam in Vietnam may have been blocked at the request of local game developers to protect the local industry. Whereas these comments from Le do not necessarily rule that out, he does claim that attempts were made to contact the company but received no response–ergo, this might just be a shot across the bow to get Steam’s attention.

Read More »

Apple deleted 5,000+ Vietnam apps mostly for fraud, one at gov’t request

Just one app was also removed in 2023 for beaching Vietnam’s Cybersecurity Law. This law requires cross border service providers like streaming sites and online video game distributors to open local offices and store data locally. That said, with just one takedown request for the whole of last year (for comparison in China it was 1,285) enforcing this law in Vietnam looks to be shaping up as…

Read More »

Video Games in Vietnam: Cheat Sheet 2024

Video games in Vietnam are very popular to both play and produce. In fact, one of Vietnam’s biggest companies, VNG, draws most of its revenue from Vietnam’s video game sector. Furthermore, as internet and smartphone penetration continue to grow mobile games in particular continue to pull in millions of dollars

Read More »

Vietnam tech-giant’s losses quadruple after audit

VNG’s Zalo currently has about 72.5 million user accounts and its success has put VNG in the government’s good graces. This may speak to reports last week that the Steam gaming platform had been banned in Vietnam at the request of local game producers.

Read More »

Vietnam lottery revenue hits highest point ever

Vietnamese lottery firms recorded revenue of US$1.87 billion in 2023 up from US$1.4 billion in 2022, Zing News is reporting. There is no analysis provided, however, this is not necessarily a good thing. It is common for spikes in lottery ticket sales to coincide with periods of economic uncertainty as

Read More »

Hanoi considering building US$420 million horse racetrack

The People’s Committee of Soc Son district on the outskirts of Hanoi (near the airport) is asking for opinions with respect to building a racetrack and entertainment complex in the area, Nha Dau Tu (the Vietnamese language version of The Investor) is reporting. The project would cover 125 hectares and

Read More »

Northern Vietnam province looking for approval for casino project

Vietnam’s Quang Ninh province, home to world famous tourist attraction Ha Long Bay, wants to build a US$2.8 billion casino and resort for domestic tourists. Plans have been submitted to the Ministry of Planning and Investment which has asked the Prime Minister to approve the project ‘in-principal’, The Investor is

Read More »

get connected with an expert
contribute a guest post
send a letter to the editor
submit a press release

explainers

data sets

your listing
your details

advertising enquiry

submit a press release

Note that it will be marked as a press release/sponsored post.

guest post

We publish guest posts of 800 to 1000 words from experts who have something unique to say on topics relevant to our audience. 

get connected with an expert

letters to the editor

We review letters for quality and authority and generally only publish views that add to the discussion from experts in their field.