Vietnam to lift casino ban for Vietnamese citizens
Casinos are to be open to Vietnamese citizens aged 21 and above who meet
certain background and financial criteria, according to the amendments
to the draft decree on casinos that are currently under consideration.
Casinos are to be open to Vietnamese citizens aged 21 and above who meet
certain background and financial criteria, according to the amendments
to the draft decree on casinos that are currently under consideration.
The current regulations only allow foreign nationals and Vietnamese expatriates to play in casinos, Deputy Head of the Ministry of Finance’s Department of Finance and Banking Trinh Phong Lan told the media.
In mid-2013, the Politburo approved in principle a pilot scheme to allow Vietnamese nationals to enter the casino in Van Don’s exclusive economic zone in the northern province of Quang Ninh.
The country now boasts seven casinos, five small-sized and two large-scale ones.
In addition, the Politburo has also allowed calling for investment in casinos in Phu Quoc and Van Don’s high-end tourism complexes.
The 5 billion USD Van Don casino was funded by Tuan Chau Group and Australia’s ISC Corporation. Meanwhile, Phu Quoc casino, the first to be approved by the Politburo, has yet to find an investor.-VNA
The current regulations only allow foreign nationals and Vietnamese expatriates to play in casinos, Deputy Head of the Ministry of Finance’s Department of Finance and Banking Trinh Phong Lan told the media.
In mid-2013, the Politburo approved in principle a pilot scheme to allow Vietnamese nationals to enter the casino in Van Don’s exclusive economic zone in the northern province of Quang Ninh.
The country now boasts seven casinos, five small-sized and two large-scale ones.
In addition, the Politburo has also allowed calling for investment in casinos in Phu Quoc and Van Don’s high-end tourism complexes.
The 5 billion USD Van Don casino was funded by Tuan Chau Group and Australia’s ISC Corporation. Meanwhile, Phu Quoc casino, the first to be approved by the Politburo, has yet to find an investor.-VNA
You should also see
Vietnam urged to build legal corridor for AI industry
Vietnam needs a policy on artificial intelligence (AI) to help this industry develop strongly, while minimising risks, according to insiders.
See more
Business
Mining Vietnam 2024 opens in Hanoi
The 6th International Mining and Minerals Recovery Exhibition for Vietnam (Mining Vietnam 2024) kicked off in Hanoi on April 24.
Business
Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%
Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
Business
Auction for gold bullion to continue on April 25
Another bidding session for 16,800 taels of gold bullion will be held on April 25, the State Bank of Vietnam said in a statement.
Business
Over 20,000 products exhibited at Global Sourcing Fair Vietnam 2024
The Global Sourcing Fair Vietnam 2024 hosted by Global Sources kicked off in Ho Chi Minh City on April 24 with the participation of over 400 Vietnamese exhibitors and those from other Asian nations who are showcasing over 20,000 export-standard products across various industries.
Business
Vietnam attends Asia’s biggest food, hospitality expo in Singapore
Five Vietnamese enterprises operating in the fields of food and hospitality are attending the Food & Hotel Asia (FHA) 2024 which is taking place in Singapore from April 23-26.
