Addressing Vietnam’s regulatory needs

As Vietnam takes steps to address gaming as a new industry, serving the development of tourism and a number of ancillary services, it is critical to highlight the need for a comprehensive legal framework. The country needs legislation that regulates specific areas and nuances of the gaming industry in order to make it work, attract investment, develop the economy and above all follow international standards. Currently the only gaming legislation in force in Vietnam is Decree 86/2013 on Business of Electronic Gaming for Foreigners, which covers so-called slot parlours. This is supplemented by Circular No.15/2014/TT-NHNN issued by the State Bank of Vietnam containing instructions on the Management of Foreign Exchange for the Gambling Business for Foreigners and Circular No. 11/2014/TT-BTC issued by the Ministry of Finance, regulating some of the provisions of Decree 86. Most of these rules are operational in nature and fall short of establishing a regulatory framework that could...

Intelligence Articles is a premium content section developed for AGB members only featuring in-depth articles on relevant items of interest across the multiple Asia Pacific Gaming jurisdictions. To continue reading, subscribe now.