Tag: gambling

Of note, gambling in Vietnam is illegal but that doesn’t stop a sizable amount of betting occurring. 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…

This comes after Pay-TV providers were warned earlier this year that showing gambling ads on television was prohibited. The association  has instead recommended that the Ministry of Information and Communication  focus on cracking down on, and blocking, illegal gambling website sites.

In general, gambling is illegal for Vietnamese in Vietnam with casinos only open to foreigners. That said, during the COVID-19 pandemic these rules were relaxed at the Corona Casino in Phu Quoc. Local residents were permitted to gamble at the establishment as part of a pilot program that was to run for three years, however, is now likely to be extended to the end of 2024.

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…

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