The Vietnamese Ministry of Finance has revealed details of a proposed casino business decree. Only two casinos will allow Vietnamese citizens to gamble on a three-year trial basis, located in Phu Quoc and Van Don. Local players must be 21 or older, earn at least $440 per month, pay a $44 entrance fee, and not be objected to by family members. Casino investors must have five years experience and invest at least $4 billion, though this may be reduced to $2 billion. Projects can have only one casino and the number of gaming tables and machines depends on investment levels. No timeline was given for when the decree will be issued.

1. VIETNAM CASINO GAMBLING LATEST NEWS – VIETNAMESE
ALLOWED TO GAMBLE:
The Ministry of Finance in Hanoi (MOF) just revealed some proposed contents of the long-
waiting casino business decree (Casino Decree).
Only 02 casinos are open to Vietnamese individuals on a 3-year piloting scheme, which are
located within complex resorts in Phu Quoc District, Kien Giang Province (South Vietnam) and
Van Don District, Quang Ninh Province (North Vietnam).
Local players are permitted to enter casinos if they essentially satisfy 04 following conditions:
1. 21 years old or above;
2. Monthly salary of VND10 million or more (equivalent to approximately US$440);
3. Entrance fee is VND1 million (US$44)/24 hours/a person;
4. Not objected in writing by siblings, spouses and/or biological and adopted parents to play
at casinos.
Investors or management companies must have at least 5 years of experience.
Minimum investment capital is US$4 billion (it is also rumored that this amount can be reduced
to US$2 billion. No license is issued unless the investor has already injected 50% of the
committed investment capital).
Only one casino for one project.
Depending on committed investment capital, the number of gaming machines and tables can be
different.
For any casino projects licensed AFTER the issuance of the Casino Decree, for each US$10
million investment capital lot, enterprises are granted with a table and 10 gaming machines. For
projects licensed BEFOREHAND, the number of gaming machines and casinos are subject to
contents of their already issued investment certificates.
No specific timeline on when the Casino Decree will be issued.
We will keep updating you on latest developments!
If you have any question on the above, please do not hesitate to contact Mr. Oliver Massmann
under omassmann@duanemorris.com, Oliver Massmann is the General Director of Duane
Morris Vietnam LLC.
Thank you very much!