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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 meetcertain background and financial criteria, according to the amendmentsto the draft decree on casinos that are currently under consideration.

The current regulations only allow foreign nationals andVietnamese expatriates to play in casinos, Deputy Head of the Ministryof Finance’s Department of Finance and Banking Trinh Phong Lan told themedia.

In mid-2013, the Politburo approved in principle apilot scheme to allow Vietnamese nationals to enter the casino in VanDon’s exclusive economic zone in the northern province of QuangNinh.

The country now boasts seven casinos, five small-sized and two large-scale ones.

In addition, the Politburo has also allowed calling for investment incasinos in Phu Quoc and Van Don’s high-end tourism complexes.

The 5 billion USD Van Don casino was funded by Tuan Chau Group andAustralia’s ISC Corporation. Meanwhile, Phu Quoc casino, the first tobe approved by the Politburo, has yet to find an investor.-VNA
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