The Vietnamese gaming industry is evolving at a rapid pace. Gambling has recently been legalized and a small number of casinos cater to foreign tourists and expats. A deregulation effort has commenced with amendments to strict regulations on businesses which operate slot machines. At least two large gambling resorts are expected to be completed in the next decade.
Vietnam is a jurisdiction which has generated some significant interest by foreign operators and machine manufacturers alike, and much of this is due to the gradual liberalization of laws regarding businesses operating slot machines combined with the growth of the tourism in the region.
This report examines a number of key legislative instruments including, the Penal code, Regulations on conducting Business of Electronic Games with Prizes for Foreigners and the recently amended (October 2007) Regulations on Financial Management of Business Activities of Games with Prizes.
Understanding of the abovementioned legislative instruments are essential for any operator or manufacturer seeking to commence operation or implement slot machines in Vietnam.
In addition to this the report provides an account of the various other sectors which comprise the gaming industry in Vietnam along with the Anti Money Laundering provisions that operators must comply with.
As an additional extra to this indispensable report, ask us about receiving regular updates on the changing gaming environment in Vietnam over the next 12 months.
The Table of Contents of the report is outlined below:
1. Background
2. Regulatory Environment
2.1 The Penal Code
2.2 Decision Issuing Regulations On Conducting Business of Electronic Games with Prizes for Foreigners (No.32/2003)
2.3 Regulations on conducting Business of Electronic Games with Prizes for Foreigners (issued with decision No.32/2003)
2 .4 Decision 91-2005 dated 8 December 2005
2.5 Regulations on Financial Management of Business Activities of Games with Prizes
2.6 State Lottery
2.7 Football Betting
2.8 Casinos
2.9 Remote Gambling
3. Legislation
4. Money Laundering
5. Future Developments
6. Other Sources