Vietnam’s locals in casinos trial, sports betting take effect Dec. 1

Vietnam’s long-awaited trial of allowing local residents to gamble in casinos will get underway in December.

Last week, Vietnam’s Finance Ministry issued Circular 102/2017/TT-BTC, which adds details to the government’s Decree 03/2017/ND-CP, which became official government policy on March 15. The Circular says that its requirements will take effect as of December 1, 2017.

For years, Vietnam has been promising to launch a three-year ‘pilot program’ that will relax the longstanding prohibition on Vietnamese citizens gambling in casinos. The Circular confirms previously suggested requirements under which local residents can qualify to participate in this program.

Vietnamese gamblers will have to provide documentation indicating a monthly income of at least VND 10m (US $440). Previous reports indicated that locals will face a daily casino entry fee of VND 1m or a monthly pass for VND 25m ($1,100), although these figures weren’t contained in the Ministry’s Circular.