Timeframe for Vietnam casino reform remains hazy

Foreign investors are still waiting for clarity on when Vietnam will pass a bill that is expected to reform the country’s gambling industry, opening the market to locals for the first time and potentially triggering a flood of foreign investment passage of legislation is keenly awaited by operators keen to enter the market, but who are wary of major investment in a jurisdiction solely reliant on foreign tourism. A timeframe remains unclear and the bill appears to be lagging. Some experts had been optimistic that a revised decree would be ready for passage by the Prime Minister by the end of last year. However, nothing has been disclosed to date. But some analysts remain confident a decision is on the drawing board.  A senior gaming industry executive, who asked not to be named, said it may be a year before Vietnam nationals will be granted access to casinos. “Is the Vietnam Government considering it...

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