Vietnam’s Ministry of Finance has released an impact assessment detailing proposed updates to casino regulations. The revisions aim to simplify the financial capacity verification process for domestic players. These changes follow the government’s recent decisions to expand local gaming access, including the permanent approval for Corona Resort & Casino on Phu Quoc and a five-year pilot program at The Grand Ho Tram.
Modernizing the Regulatory Framework
The Ministry is currently drafting a new decree to replace Decree 03/2017, which oversees casino operations nationwide. Although the new framework preserves several core requirements, it still restricts entry to individuals aged at least 21, possessing full legal capacity, demonstrating financial capability, and purchasing an entry ticket. However, the Ministry now intends to redefine how financial capability is assessed.
The existing verification system has caused delays and inconvenience because it forces players to provide multiple supporting documents. As a result, both operators and players face significant administrative burdens that slow down the approval process.
Shifting Toward an Entry Fee-Based Verification
To eliminate these bottlenecks, the Ministry is exploring alternative verification methods. Previous reports suggest that regulators may increase the entry ticket fee so it can serve as a simpler and more direct indicator of financial eligibility. This adjustment would not only streamline access but also reduce paperwork, allowing casinos to process entries more efficiently.
According to the Ministry’s impact assessment, this streamlined system aligns with evolving policy goals. It would also reduce complexity for operators while improving the overall customer experience.
Contribution of Vietnam’s Casino Sector
Between 2017 and 2022, Vietnam’s casino sector—including nine small casinos and three major integrated resorts (Corona, Ho Tram, and Hoiana)—generated nearly US$950 million in revenue. During the same period, the industry contributed approximately US$490 million to the national budget. However, pandemic-related disruptions significantly affected overall performance, especially since Corona opened in 2019 and Hoiana launched its first phase in 2020.
Recent Acceleration in Policy Development
The regulatory revisions come at a time when the government is rapidly expanding local participation in gaming. The permanent approval for Corona Resort & Casino marks a major shift from earlier pilot-only policies. Meanwhile, the new five-year pilot for Grand Ho Tram shows the government’s willingness to test broader access models while still maintaining strict oversight.
Improving Administrative Efficiency and Market Access
By transitioning from document-heavy verification to a streamlined entry fee model, authorities aim to remove unnecessary barriers for domestic players. This approach supports Vietnam’s broader push toward regulatory modernization, ultimately helping operators manage compliance more effectively while promoting responsible gaming.
Next Steps for Implementation
The release of the impact assessment indicates that the Ministry is moving closer to finalizing the new decree. As Vietnam continues to expand its casino sector through new developments and regulatory updates, clearer player access rules will play a crucial role in shaping future investment and operational strategies.
