The Ministry of Finance in Hanoi (MOF) just revealed some
proposed contents of the long-waiting casino business decree
Only 02 casinos are open to Vietnamese individuals on a 3-year
piloting scheme, which are located within complex resorts in Phu
Quoc District, Kien Giang Province (South Vietnam) and Van Don
District, Quang Ninh Province (North Vietnam).
Local players are permitted to enter casinos if they essentially
satisfy 04 following conditions:
21 years old or above;
Monthly salary of VND10 million or more (equivalent to
Entrance fee is VND1 million (US$44)/24 hours/a person;
Not objected in writing by siblings, spouses and/or biological
and adopted parents to play at casinos.
Investors or management companies must have at least 5 years of
Minimum investment capital is US$4 billion (it is also rumored
that this amount can be reduced to US$2 billion. No license is
issued unless the investor has already injected 50% of the
committed investment capital).
Only one casino for one project.
Depending on committed investment capital, the number of gaming
machines and tables can be different.
For any casino projects licensed AFTER the issuance of the
Casino Decree, for each US$10 million investment capital lot,
enterprises are granted with a table and 10 gaming machines. For
projects licensed BEFOREHAND, the number of gaming machines and
casinos are subject to contents of their already issued investment
No specific timeline on when the Casino Decree will be
We will keep updating you on latest developments!
Disclaimer:This Alert has been
prepared and published for informational purposes only and is not
offered, nor should be construed, as legal advice. For more
information, please see the firm's
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