Vietnamese to be permitted to gamble in casinos
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The decree, titled 03/2017/NĐ-CP, allows foreigners and overseas Vietnamese situated abroad with a valid foreign passport to gamble in casinos in Vietnam.
Vietnamese citizens can now also be admitted into domestic casinos, on a three year trial basis. After which, the government will decide whether or not to continue allowing domestic citizens to participate in casino gambling.
All players must have full capacity for civil acts of individuals according to Vietnamese law and be willing to accept the terms and conditions of the games and the casino’s regulations.
Vietnamese citizens admitted into casinos must be 21 years old or above with full capacity for civil acts of individuals according to Vietnamese law, have proof of regular monthly income of 10 million VND (450 USD) or be subjected to third degree taxation according to the law on individual income tax. The Ministry of Finance is responsible for providing citizens application forms for these conditions.
Only enterprises with a Certification of Business will have the legal right to run a casino. The business must be a conditioned commercial act that is closely inspected by the appropriate government authority to ensure operations follow the decree’s regulations and other legal procedures, the decree dictates.
Players must buy tickets to 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 at casinos must exchange VND for tokens and vice versa.
“Only enterprises with a Certification of Business will have the legal right to run a casino.”
Vietnamese citizens who violated national security or committed other crimes abroad resulting in more than three years of imprisonment will not be admitted to casinos. This includes those serving jail time, with or without bail, or any other form of legal punishment.
The decree did not restrict the amount of capital for business owners, but differentiated between large casinos (of more than 2 billion USD) and small casinos (less than 2 billion USD in capital).
The decree states that the casino business must be linked to the entrepreneur’s key commercial operations to help boost tourism, trade, diversify entertainment and recreation and enrich tourists’ experience, while assuring security and nation defence, social order and moral health.
The operation of and participation in gambling games must be transparent, coherent and honest, to protect the rights and legal benefits of parties involved.
The decree bans gambling between players on results of games at casinos; cheating during preparation, organisation or participation in the casinos; any action that affects security and order in casinos and using gambling machines, tables, tokens and other devices with content not approved by the government.
The decree also forbids the casino businesses from providing illegal gambling online or telecommunication networks, from smuggling and transferring foreign currency, precious gems and metals and other acts of money laundering, sponsoring terrorism and prostitution and paying out the wrong amount of prize money, among others.
Organisations and individuals linked to the games’ operations must comply with the decree in its entirety and other legal requirements.
Questions & Answers
Q.What is the minimum monthly income a Vietnamese citizen must prove to gamble in a domestic casino?
What is the minimum monthly income a Vietnamese citizen must prove to gamble in a domestic casino?
Vietnamese citizens must have proof of a regular monthly income of 10 million VND (450 USD) to be admitted. Alternatively, they can be subjected to third-degree taxation according to the law on individual income tax.
Q.What is the duration of the trial period for Vietnamese citizens gambling in domestic casinos?
What is the duration of the trial period for Vietnamese citizens gambling in domestic casinos?
Vietnamese citizens are permitted to gamble in domestic casinos on a three-year trial basis. After this period, the government will decide whether to continue allowing their participation.
Q.Are there any restrictions on individuals with a criminal record being admitted to casinos?
Are there any restrictions on individuals with a criminal record being admitted to casinos?
Yes, Vietnamese citizens who have violated national security or committed other crimes abroad resulting in more than three years of imprisonment will not be admitted. This includes those serving jail time or any other legal punishment.
Q.What are the entry fees for Vietnamese citizens wishing to gamble in casinos?
What are the entry fees for Vietnamese citizens wishing to gamble in casinos?
Players must buy tickets to the casino costing 1 million VND (45 USD) for 24 hours of entry. A monthly pass costs 25 million VND (1,126 USD) per person.
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