Vietnam – Decree to allow Vietnamese to gamble passed to PMBy Phil - 13 August 2014
Vietnam’s Ministry of Finance has finalised a draft decree aiming to allow Vietnamese to play in the country’s casinos although it will now have to be approved by Prime Minister Nguyen Tan Dung.
If approved, gaming floors will be open to Vietnamese citizens aged 21 and up who have meet financial criteria to be outlined at a later date.
The decree suggests that the Prime Minister will choose which properties will become accessible to local players.
Chairman of Finance and Budget Committee Phung Quoc Hien said: “Thorough research is needed before Vietnamese can be allowed into casinos.”
Nguyen Mai, former deputy minister of Planning and Investment, said the move would be ‘a disaster.’
“We already have too many social evils. We should avoid this plan at all costs,” he said.
The draft decree also suggested a loosening of the laws regarding investment in casinos in Vietnam with the amount of experience needed being reduced from ten to five years.
The investment limit would be kept at US$4bn with a maximum of 200 tables and 2,000 slots allowed.