Vietnamese economists have backed the proposal to lift the ban on local residents visiting casinos
In an article by Tuoi Tre, economists and experts were surveyed following reports that the Finance Ministry plans to introduce a permanent tax exemption for the Corona Resort & Casino on Phu Quoc Island. Additionally, authorities are looking to replace the current income verification requirement with a simpler entry fee model for casinos.
Dinh Suan Thao, former head of the Institute for Legislative Studies at the National Assembly, pointed out that the current model only encourages locals to travel abroad for gambling. He stated, "Casinos are already licensed across the country, yet Vietnamese citizens are prohibited from entering them. This is inconsistent. Expanding access would enhance oversight."
Economist Ha Ton Vinh argued that local residents should be allowed entry into all licensed casinos in Vietnam, whether they are hotel gaming rooms, small establishments, or large integrated resorts. He based his views on successful models implemented in jurisdictions like Macau and Singapore.
Vinh also proposed a nationwide pilot program lasting up to five years, which would involve the establishment of a special regulatory body for casino operations under the Finance Ministry.
Nguyen Quang Dong, head of the Institute for Political Studies and Media Development, agreed that casino gambling should be accessible to adults, although he prefers to limit access to designated entertainment zones.
Currently, there are nine licensed casinos operating in Vietnam, including three integrated resorts: Corona on Phu Quoc Island, The Grand Ho Tram near Ho Chi Minh City, and Hoiana close to Hoi An.
It is worth noting that Vietnamese authorities have suggested simplifying the process for locals to gain access to casino gaming.
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