Vietnamese to be permitted to gamble in casinos

Prime Minister Nguyen Xuan Phuc has signed a decree allowing Vietnamese to gamble at casinos in Vietnam. It will come into effect on March 15.
Vietnamese to be permitted to gamble in casinos ảnh 1Inside a casino at the Aristo International Hotel, Lao Cai city, Vietnam. (Photo: aristohotel.com.vn)
Hanoi (VNA)- Prime Minister Nguyen Xuan Phuc has signed a decree allowing Vietnamese togamble at casinos in Vietnam. It will come into effect on March 15.

The decree, titled03/2017/NĐ-CP, allows foreigners and overseas Vietnamese situated abroad with avalid foreign passport to gamble in casinos in Vietnam.

Vietnamese citizens cannow also be admitted into domestic casinos, on a three year trial basis. Afterwhich, the government will decide whether or not to continue allowing domesticcitizens to participate in casino gambling.

All players must havefull capacity for civil acts of individuals according to Vietnamese law and bewilling to accept the terms and conditions of the games and the casino’sregulations.

Vietnamese citizensadmitted into casinos must be 21 years old or above with full capacity forcivil acts of individuals according to Vietnamese law, have proof of regularmonthly income of 10 million VND (450 USD) or be subjected to third degreetaxation according to the law on individual income tax. The Ministry of Financeis responsible for providing citizens application forms for these conditions.

Only enterprises with a Certification ofBusiness will have the legal right to run a casino. The business must be aconditioned commercial act that is closely inspected by the appropriategovernment authority to ensure operations follow the decree’s regulations andother legal procedures, the decree dictates.

Players must buy ticketsto the casino at 1 million VND (45 USD) for 24 hours entry and 25 million VND (1,126)per person monthly. Players must not be related to casino owners in any way.

Vietnamese players atcasinos must exchange VND for tokens and vice versa.

Vietnamese citizens whoviolated national security or committed other crimes abroad resulting in morethan three years of imprisonment will not be admitted to casinos. This includesthose serving jail time, with or without bail, or any other form oflegal punishment.

The decree did notrestrict the amount of capital for business owners, but differentiated betweenlarge casinos (of more than 2 billion USD) and small casinos (less than 2billion USD in capital).

The decree states that the casino business mustbe linked to the entrepreneur’s key commercial operations to help boosttourism, trade, diversify entertainment and recreation and enrich tourists’experience, while assuring security and nation defence, social order and moralhealth.

The operation of and participation in gamblinggames must be transparent, coherent and honest, to protect the rights and legalbenefits of parties involved.

The decree bans gambling between players onresults of games at casinos; cheating during preparation, organisation orparticipation in the casinos; any action that affects security and order incasinos and using gambling machines, tables, tokens and other devices withcontent not approved by the government.

The decree also forbids the casino businessesfrom providing illegal gambling online or telecommunication networks, from smugglingand transferring foreign currency, precious gems and metals and other acts ofmoney laundering, sponsoring terrorism and prostitution and paying out thewrong amount of prize money, among others.

Organisations and individuals linked to thegames’ operations must comply with the decree in its entirety and other legalrequirements.-VNA
VNA

See more

Illustrative photo (Photo: VNA)

Quang Ninh sets land clearance as priority for FDI attraction

The northern province of Quang Ninh is on a mission to cement its status as one of Vietnam's premier destinations for foreign direct investment (FDI), with a strategic focus on land clearance for industrial park infrastructure projects this year.

Deputy Prime Minister Tran Hong Ha at the 12th meeting of the national steering committee for IUU fishing prevention and control on January 14 (Photo: VNA)

Deputy PM orders enhanced fishery management tools

Deputy Prime Minister Tran Hong Ha has asked the Ministry of Agriculture and Rural Development to complete the comprehensive integration and smooth connectivity to the national fisheries database (VN-Fishbase), vessel monitoring system (VMS), and electronic traceability system (eCDT) in Q1, ensuring seamless data flow from central to local authorities, a move to clamp down on illegal, unreported and unregulated (IUU) fishing.

A view of the Van Phong economic zone in Khanh Hoa province. (Photo: VNA)

Huge room for Khanh Hoa to expand cooperation with Chinese firms: official

With its strategic importance in the central key economic region, well-developed and interconnected infrastructure, coupled with ample potential for tourism development, Khanh Hoa province is an ideal location for Chinese businesses to seek opportunities for cooperation and investment, Vice Minister of Foreign Affairs Pham Thanh Binh has said.

Products showcased at the Investment & Trade Promotion Centre of Ho Chi Minh City. (Photo: nhandan.vn)

Businesses must embrace new trends to boost exports to US: experts

Trade cooperation between Vietnam and the US presents both vast opportunities and significant challenges, as the latter enters a new phase with major adjustments to its economic and foreign policies, which are expected to have a wide-reaching impact on global trade and investment activities.

Vietnamese Ambassador to the UK Do Minh Hung (centre), embassy staff and VBUK members (Photo: VNA)

Vietnamese Business Association in UK sets 2025 agenda

The Vietnamese Business Association in the UK (VBUK) has announced plans to reshape the landscape of Vietnam-UK trade relations, focusing on driving business community forward, fostering its unity and strengthening connections with their Vietnamese partners both at home and abroad.