Vietnamese people can know gamble in their countries
The Vietnamese Prime Minister recently authorised the launch of a three-year pilot project in which land-based casinos can welcome Vietnamese players.
In communist Vietnam any form of gambling has been banned for a long time, however the situation now seems to be changing. Only foreigners were previously allowed to enter a casino, as is the case in North Korea. As of today, this rule has been changed to allow locals to also visit these casinos.
A three-year pilot project
Previously, the only gambling allowed was a state-run lottery. The Prime Minister has now authorised a three-year pilot project, whereby the casinos can apply for a license, with which Vietnamese players can then play. Players must be over 21 years old, have no criminal record, have a monthly income in excess of 10 million dong (approximately €377), pay an entry fee of approximately €40, and pay for a monthly permit of almost €1,000.
A loss of about €700 million a year
Vietnamese like to play for money and many visit the casinos on the borders, which means an annual loss of €700 million in revenue for the government of Vietnam.
The government has just started this pilot project, but it is expected to improve tax revenues. The Vietnamese like to play games of chance, and many players visit the casinos on the borders of Cambodia, which means an annual tax loss of about €700 million for Vietnam.