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How to Open a Hotel in Vietnam: Ultimate Guide 2024
How to Open a Factory in Vietnam: Ultimate Guide 2024
How to Open a Supermarket in Vietnam: Ultimate Guide 2024
How to Form a Company in Vietnam: Technical Guide 2024
How to Start an English Centre in Vietnam: Ultimate Guide 2024
How to Start a Business in Vietnam: Ultimate Guide 2024
How to Export Coffee from Vietnam: Ultimate Guide 2024
How to Import Coffee to Vietnam: Ultimate Guide 2024
How to Open a Gym in Vietnam 2024: Ultimate Guide
How to Open a Bar in Vietnam 2024: Ultimate Guide
How to Open a Restaurant in Vietnam: Ultimate Guide 2024
How to Open a Cafe in Vietnam: Ultimate Guide 2024
Vietnam Airports: Foreign Investors Guide 2024
Vietnam Seaports: Foreign Investors Guide 2024
Minimum Wage in Vietnam 2024: Your Questions Answered
Logistics in Vietnam: Ultimate Guide (2024)
Gambling in Vietnam: Foreign Investor Quick Read 2024
Public Holidays in Vietnam 2024: Cheat Sheet
Corruption in Vietnam: Cheat Sheet 2024
Tax in Vietnam 2024: Quick Read
Value Added Tax in Vietnam 2024: Quick Read
Corporate Income Tax in Vietnam 2024: Quick Read
Personal Income Tax in Vietnam 2024: Quick Read
Vietnam Special Consumption Tax 2024: Quick Read
Video Games in Vietnam: Cheat Sheet 2024
English News in Vietnam: A Quick Guide 2024
Where are Nikes Made in Vietnam 2024?
Vietnam Supermarkets: Foreign Retailer’s Guide 2024
Shopping in Vietnam: Quick Guide 2024
Vietnam’s Financial Sector: An Overview 2024
Vietnam’s Imports and Exports, March 2024: Snapshot
Vietnam’s Imports and Exports, February 2024: Snapshot
Snapshot: Manufacturing in Vietnam, February 2024
Vietnam’s Economy, February 2024: Snapshot
Snapshot: Manufacturing in Vietnam, January 2024
Vietnam’s Stock Market, January 2024: Snapshot
Vietnam’s Economy, January 2024: Snapshot
Snapshot: Manufacturing in Vietnam, December 2023
Vietnam’s Stock Market, December 2023: Snapshot
Vietnam’s Economy, December 2023: Snapshot
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…
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…
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…
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.
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…
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
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.
A World Poker Tour event scheduled to be held in Hanoi has been cancelled amid reports organisers failed to acquire the necessary permits. Local media outlet, Dan Tri has said the Hanoi Department of Culture and Information and the police have been asked to review the event including if the
From February 27 of this year, firms looking to take bets on international soccer in Vietnam will need to go through a bidding process, VN Express is reporting. Note that there are currently no legal sports betting businesses in Vietnam, however, there are provisions in several laws referring to the
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
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
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
C-level executives at Spectrum Gaming Group, a consultancy specialising in legalised gambling have called for Vietnam to formalise its gaming sector by consolidating legislation and appointing a single regulator, according to an op-ed published in Inside Asian Gaming. They say that the legislation in the sector is currently scattered with
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