Gambling in Vietnam is rampant despite it being an illegal activity. The number of Vietnamese people engaged in gambling has led to the government forming regulations to curb addiction, monitor gambling activities, and profit from it as well.
In general, gambling is illegal in Vietnam. However, some forms of betting in Vietnam are allowed. This includes lotteries, horse racing, greyhound racing, and international football. The country has more than 30 land-based casinos but the entrance to these are limited to foreign passport holders. Decree Number 3 allows locals aged 21 years old and over to enter the casinos. Other conditions mentioned in the regulation include a monthly income of more than 10 million dongs, no criminal record, and permission from the family. Locals are also required to pay 1 million dong admission fee good for 24 hours. Still in its testing phase, the regulation also allows citizens to enjoy entrance to a casino for three years only.
Since the country only allows limited gambling activities, monopolies exist. The gambling industry of Vietnam rakes in money. it is a lucrative business necessitating government oversight and intervention. Casinos based in Vietnam are all privately owned but they are closely monitored by the government.
The limited number of wagering choices available to Vietnamese punters has led to a growing illegal gambling industry. It has become a big business over the years despite the harsh penalties awaiting those who are caught violating the law. Law enforcement often conducts raids of illegal casinos to crack down the gambling mafia. Violators, particularly the illegal operators and bookmakers, face serious sentences. They can face imprisonment ranging from two to seven years depending on the degree of involvement in the operations.
The Vietnam government is serious in regulating the gambling market that online gambling is regarded as an illegal activity as well. Those who run local online casinos are also charged with administrative cases. Online casino enthusiasts from Vietnam still enjoy online gaming sites by using VPNs so they can gain access. Still, it is still risky.
Vietnam is home to one national online lottery and 63 traditional lotteries that operate at the provinces. The government has already given seven casino licenses to build within resort complexes. Five-star hotels are also allowed to operate electronic machines.
The safest route for Vietnamese gamblers to enjoy online casino is by accessing websites that are internationally licensed and regulated. In can be quite a struggle since many online betting sites do not accept players from Vietnam. The remaining websites accepting Vietnamese players offer valuable promotions and daily bonuses. Here is a list of the top gambling websites that accept players from Vietnam:
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They are licensed by PAGCOR from the Philippines, and have teamed up with some prominent providers like PlayTech, Asia Gaming, MicroGaming, HoGaming, and more. They have a number of payment methods too including QuickPay, help2pay, and even bitcoin.
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Info: Online casinos have become one of peoples go to online past time. One online casino that is trending in Asia is Fun88. This is one of the older online casinos founded back in 2009 by Welton holdings Ltd. It is licensed by the Isle of Man, and has partnerships with premiere league teams Burnley FC and Totenham Hotspurs FC.
The site offers a variety of gaming activities like slots, live dealer games, and of course sports betting. These can be enjoyed by a lot of people especially since the online casino is compatible with Android, Apple, devices as well as PC through Windows.
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Info: When looking for fun things to do online, casinos are now a viable option. The problem is a number of casinos are either too messy or crowded to be properly enjoyed. That is not the case with online casino 138. The site is well designed and looks very modern even if it was launched back in 2012.
The site has offerings for any gaming enthusiasts, sports bets, live dealer games, slots, and more. They teamed up with some great game providers like Microgaming, and Red Tiger for slots. Then There are Sun Bet, Asia Gaming, and Evolution Gaming for live dealer games.
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Info: One of the fastest rising online casinos today Letou is a great site to visit to get your gaming fix. It is owned and operated by TGP Europe Ltd. It is licensed by the Isle of man Gambling Commission, and it was launched back in 2017.
It is a good-looking site that can be your got to casino for sports bets they even have a partnership with Milan FC international. More than sports they also have a number of online gaming activities like slots games, live dealers, and even fishing games.
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Info: Launched back in 2013 W88 is an online casino owned by Marquee Holdings Ltd. The site is licensed to operate by the Cagayan Economic Zone Authority. For the players they have a lot to offer, one thing in particular is the sports bets. For that they make sure to give players a smooth UI experience. For the other games like slots and live dealers they have partnered with Microgaming, NetEnt, Yggdrasil, Pragmatic Play, and much more.
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For its sportsbook it offers a lot of sports and live matches for more betting opportunities. But, They also have other igaming activities like slots games, Live dealers and fishing games. Plus, they have some great bonus offers for new players.
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Happyluke is an online casino that gives players both slots and live casino games. Started in 2015, it soon after established it self as a viable iGaming option. It is a part of Income 88 Affiliates and is Licensed to operate by the Cagayan Special Economic Zone and Freeport.
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Info: Established back I 2006 188Bet is an online casino with a lot of experience. It knows what players wants and how to give it to them. It is licensed to operate by Isle of Man Gambling. Plus, it has affair number of great games from the likes of MicroGaming and Quickspin Games. More than that the site has a lot of other iGaming fun like the lottery, fantasy sports and the promotions. Lastly, they have a sportsbook that allows players to wager on live matches across many different sports
Yes, the government imposes taxes on casino winnings. Gambling profits are taxable at a rate o 10% for winnings that exceed 10 million dongs. Winners are required to report such winnings on their annual income tax if they are not immediately withheld at source.
The Vietnamese Dong is the country’s national currency and it is accepted as a payment method in most casinos. Some online websites accept this currency to attract more players from the country. Playing on sites accepting the local currency help players save by not paying foreign exchange fees and not worry about conversion rates.
Vietnamese players who play online find it easier to deposit money via their credit cards. Paying through e-wallets such as Skrill, Neteller, and EntroPay are also possible. E-wallets are gaining popularity due to its fast conversion time. Funds can become available within hours. Withdrawal can also be done through the mentioned options.