Vietnam's Ministry of Finance backs two new foreigners-exclusive casino proposals; shoots down third bid

Posted by on20 Aug, 2022

Developments Regarding Vietnamese Online Casinos

A generation ago Vietnam was known solely as a war. Images of death and destruction where all we knew, bombs dropping and napalm exploding all to the sound track of protest songs. Well that has thankfully all changed now. The struggle to emerge from the war that defined an era was long and hard. The people of Vietnam are proud of what they have achieved and rightly so. Out from the mud and blood of war the country has rebuilt itself and has a thriving growing economy. This all took some hard decisions and strong governance. The authorities have kept a tight reign on things and the gambling regulations are harsh but had the best interests of the country at heart. The thing is that gambling here is available in the forms of sports betting to just about everyone. Casinos are for those who can afford fake ID to access the domestic venues, or the cash to travel to neighboring Cambodia. It is understandable that Vietnamese love a wager their lives have been a gamble for decades. The government is reconsidering its attitude to gambling and is evaluating the social impact of legalization of the industry.

New location for Phu Quoc casino project

The Ministry of Construction has asked the Prime Minister for approval of a new location for a big-ticket recreational project comprising a casino on the resort island of Phu Quoc off mainland Kien Giang Province. The ministry said it would be easier to call for investors to develop the project if it is located adjacent to Vinpearl Resort. The current site of the project is in Da Chong Ward in Bai Thom on the island. The proposed location covers 37 hectares as part of the zone for luxury tourism facilities in the northwest of the island.

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— 2 march 2015 —

Various mutually intelligible regional varieties with Northern Vietnamese, North-central (or Area IV) Vietnamese, Mid-Central Vietnamese, South-Central Vietnamese, and Southern Vietnamese being the main five. They differ mostly in their sound systems, but also in vocabulary and grammar.

Why should I make sure that the online casino is licensed?

You must make sure that an online casino is licensed in reputed gambling jurisdictions such as Gibraltar, Kahnawake, Isle of Man, and others before signing up.

This is because playing unlicensed online casinos is dangerous. Since they are not licensed in Vietnam, you cannot expect the Vietnamese government to help you if you get cheated at an unlicensed casino.

Since they are not answerable to any regulatory authority, unlicensed online casinos offer poor customer support, run on pirated software, offer bonuses with unreasonable terms, and withhold your winnings for no reason. Worse still, they may pull down their shutters without a warning and disappear with your deposits.

30 000 sq. meters for gambling

— 3 —

Progress seen as Vietnam considers permitting locals to gamble in casinos

A manager of a five-star hotel based in Ho Chi Minh City, which legally runs prize-winning electronic games for foreigners, said the latest proposal is “a good sign for gambling industry investors.” “This will help Vietnam lure more foreign visitors, increase tax collections, and prevent its residents from wasting money at overseas casinos,” he said, while asking not to be named. He underscored the importance of having strict regulations for Vietnamese gamblers. “Gamblers have to pay a fee of 100 Singaporean dollars [roughly US$80] to be able to enter casinos there, so I think the fee should be around $300 for Vietnam,” he suggested.

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1Decree Nº 06/2017/ND-CP

In January 2017, the Vietnamese government passed Decree Nº 06/2017/ND-CP as part of a five-year trial program for legal wagering on greyhound races, horse races, and international soccer. Operators must meet various strict conditions before they can legally accept wagers on these sporting events. There are restrictions on the markets authorized entities can offer to Vietnamese punters.

Can I play poker for free?

Yes. Most poker sites have this option. You can try all the games and find the one you like best without depositing any money.

How gambling evolved in Vietnam for the past 100 years

Source: asiatimes.com

Gambling has an older history than you might imagine. A span of 100 years does not seem like a long time. Though there has been a tremendous evolution in the game and a massive expansion in the entertainment industry, Vietnam is still shard-handed with gambling like it used to be in the 20th century. But this doesn’t stop the Vietnamese from obsessing over casino games, both offline and online, and participating in sports betting.

200–400 gambling tables

— 4 —

Jump Between Casinos

Unlike brick-and-mortar casinos, you can flick between multiple online casinos in a couple of clicks. This allows you to take advantage of special offers at all the top Vietnam casinos online, and access an even bigger number of exciting casino game titles.

Legend table

• Domain specification (usually national) is provided by an online sports betting service provider if he or she has several websites.

• The bookmaker's projected proportion of the Vietnamese online betting industry based on visits to the bookmaker's website

• Estimated number of daily visits from Vietnam to bookmaker's website

• Region(s) of focus – the primary area(s) of operation for the bookmaker

• In the last three months, bookmaker erank's Vietnam rank has changed based on daily visitors

Vietnam Online Gambling Laws 

Vietnam is experiencing economic growth, which bodes well for the future of online gambling. While operating an online casino is still not allowed from within the country, players can still participate in online casino gaming through licensed providers from other jurisdictions.

Online casinos that operate in Vietnam are licensed in other countries and thus are beholden to that country’s regulations. Online casinos in the Philippines and in Cyprus offer their games to Vietnamese residents.

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Conclusion

Ninh Thuan Province is very much like the eye of a storm. To the south are the bars and crowds of Mui Ne and Phan Thiet. To the west is the increasingly popular mountain city of Dalat. To the north is the beach city of Nha Trang. If you are looking to step out of the storm that is Vietnam tourism and see what Vietnam is like when foreign tourists are not present, then maybe you should try Ninh Thuan Province. You might want to hurry, though, as this hidden gem is becoming discovered.

Other articles:

Top 5 things to do in Saigon

Top 5 things to do in Danang

Top 5 souvenirs to buy in Vietnam

Top 5 things to do in Quy Nhon

Top 5 dishes to try in Nha Trang

Top 5 things to do in Nha Trang

Top 5 dishes to eat in Hanoi

Top 5 places to go shopping in Ho Chi Minh City

Top 5 Che-sweet soups must try in Saigon

UPDATED at 4:50 p.m. EDT on 8-23-22

Four human trafficking rings have been found operating in provinces and cities across Vietnam following the escape of more than 40 migrant workers from a Chinese-owned casino in Cambodia, Vietnamese state media reported on Tuesday.

Information on the rings has been sent to the Criminal Police Department of Vietnam’s Ministry of Public Security, according to Col. Dinh Van Noi, Director of An Giang Provincial Police.

The ministry will now work with local police to round up the criminal gangs, Noi added in media reports.

Around 42 Vietnamese workers escaped on Aug. 18 from the Koh Thom casino complex in Cambodia’s Kandal province, with a video posted the same day by media outlet VnExpress showing workers jumping into a river, chased by guards swinging metal rods.

A 16-year-old worker from Vietnam’s Gia Lai province was later found dead in the Binh Di River, which the workers had jumped into as they fled the casino, the VnExpress reported on Aug. 20.

Cambodian authorities have now detained the casino’s Chinese manager as they investigate allegations of forced labor and worker abuse.

Workers fleeing the Koh Thom casino reported to police they had been exploited “and did not receive the salary agreed to by both sides, and sometimes were not even paid at all,” Noi told state media in Vietnam.

“In addition, they were forced to commit online fraud and organize online gambling. They were also beaten up, tortured and forced to urge their families to send large ransoms.”

Some Vietnamese workers had also been sold from one casino to another, the An Giang police director said.

'Hells of exploitation'

Cambodia’s Kandal province, which borders An Giang in Vietnam, is home to seven casinos employing workers from Vietnam and other countries.

Quoted in state media on Tuesday, Senior Col. Khong Ngoc Oanh from the ministry’s Criminal Police Department said that Vietnamese workers were being lured to Cambodia with promises of high wages and light workloads, but were instead being trapped in “hells of exploitation.”

Vietnam’s embassy in Cambodia has asked Cambodian authorities to “handle the situation quickly” to avoid damaging ties between the two neighboring countries, Vietnamese state media said on Monday.

The Cambodian Immigration Department’s detention center is now holding 24 Vietnamese nationals, of whom 11 were detained following the Koh Thom incident on Aug. 18, and 13 were rescued from other workplaces in Kandal, government sources said.

Human rights groups in Cambodia urged their government to conduct an independent investigation into businesses and casinos that detained people for illegal scamming operations.

“It is a shocking video. It is showing those people are in panic, as if they'd rather die than stay inside the building. It is not a good sign for human rights in Cambodia,” Ros Sotha, executive director of the Cambodian Human Rights Action Committee.

Am Sam Ath of Licadho, a human rights NGO, said Cambodia will get a bad reputation if it fails to combat trafficking after such a prominent case.

“We need to effectively implement the law. Regardless their positions, they must be brought to justice so we can prevent human trafficking,” he told RFA Khmer.

Minister of Interior Sar Kheng, however, raised doubts about the viral video, telling reporters on Aug. 18 that some of the Vietnamese might have come to Cambodia to work illegally but when they arrived in Cambodia they couldn’t agree on contracts. so they fled and swam back to Vietnam.

“Some [cases] are true and some are not. Our mission is to rescue and, secondly, to arrest ring leaders and to prosecute them,” he said.

Updated to include comments on the case from Cambodia.

Translated by Anna Vu for RFA Vietnamese. Written in English by Richard Finney.

Vietnamese government plans to extend the pilot scheme which allows economically-qualified locals to gamble at casinos.

Only two casino projects in Vietnam are currently part of the local-play pilot.

Only two casino projects in Vietnam are currently part of the local-play pilot.

According to a state-run news outlet, Vietnam’s Ministry of Finance has proposed to extend to 2024 the pilot scheme that allows economically qualified locals to gamble at selected domestic casinos.

The number of venues allowed under the scheme however will not be expanded. The pilot scheme had been decreed in 2017, but was only activated in 2019.

The three-year trial scheme had originally been due for review next year. According to the report, the extension to 2024 was due to the impact of the Covid-19.

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