Investors should have at least US$4 billion worth of capital and ten years of experience in tourism management to be allowed to open a casino in Vietnam, which is only open to foreigners, the Ministry of Finance suggested in its draft decree. The decree on casino operating activities is now open for feedback from relevant ministries and agencies before being submitted to the government in the fourth quarter. “The to-be-developed casino should be located in the areas zoned for gambling activities approved by the Prime Minister, and investors should prove they are financially capable of completing the project,” said one of the decree developers who preferred to be anonymous. Investors will only receive the operation license when they have completed construction on the tourism, service, and entertaining complex where the casino is located. They are also requested to equip brand new machines, which should have adequate origins and technical certificates, at the venues. The draft decree also states that only foreigners and overseas Vietnamese holding foreign passports are allowed to enter the casinos. Players have the right to request anonymity in case they win prizes, and are also subject to financial penalties ranging from VND10 million to VND100 million ($500 – 5,000) if they breach casino regulations, cheating, or causing social disorders.Limited number Regarding whether Vietnam should be more open to casinos, many experts show their supports, but warn administrative authorities to be cautious. Economic expert Le Dang Doanh advised that Vietnam should ensure casino activities come under a close scrutiny from authorities. “Casino is a complicated business, though it brings in whopping profits. Even a developed country like Singapore has failed to adequately prevent the negative side of gambling from affecting society,” said Doanh, who holds a PhD degree. He reiterated the lesson learnt from the case of Do Son casino in the northern province of Hai Phong, where some local gamblers bribed to be able to play, and ended up losing all of their properties. Similarly, despite supporting casino openings in Vietnam, Professor Nguyen Mai, former Deputy Minister of Planning and Investment, said the country should limit the number of casinos. Dr. Doanh concurred, saying the casino should only be located in islands such as Phu Quoc or Van Don. “It’s not an appropriate move to put the casino near the cultural and political centers, or areas with high population density,” he said.
The new policy is meant to stimulate the establishment of new science and tech firms
It took the title from a one-meter-lower structure at Khai Nguyen Temple in Hanoi2 days ago
Le Thanh is known as a master of bonsai for creating hundreds of upside-down potted plants2 days ago
‘I love my beautiful Vietnam'1 week ago
Information about Thu’s funeral in the U.S. will be updated later1 week ago
As a traditional custom in Vietnam, each family will buy a new broom at the end of the year2 days ago
Residents in the northern Vietnamese provinces of Lai Chau and Ha Giang are trying their best to help one another rebuild their lives after floods took a heavy toll on the two localities last month.
Many sewers along the streets in Ho Chi Minh City have their entrances blocked by garbage on a regular basis, negatively impacting urban esthetics and the environment while helping cause serious flooding.
A young Vietnamese has constantly kept his pencil busy during the ongoing 2018 FIFA World Cup, drawing more than a dozen charismatic portraits of his favorite stars at football’s biggest competition.
Locals who pick up sau, a typical fruit of Hanoi, for sale to earn a living will not start their daily ‘harvest’ until the sun goes down.
Despite the sweltering weather in Hanoi these days, many young people still flock to lotus ponds surrounding the capital city’s iconic Ho Tay (West Lake) to pose for Instgram-ready photos with a sea of blooming flowers.
Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam
Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes
The trees are currently growing well, with green leaves and healthy branches.
Skink meat is known to be soft, tasty, and highly nutritious.
Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.
She came to Japan on January 17
The Nigerian items concealed in a container as furniture materials were intercepted by customs operatives at Apapa port in Lagos on January 21
E-commerce is seeing a boom in the world and Vietnam alike
The airport will be the first of its kind in the province
Demand for tech skills has soared as more firms move in
The move takes Intel’s total investments in Vietnam to around $1.5 billion
Ho Chi Minh City mulls upgrades to the drainage system of the new city-within-city Thu Duc
This is the largest drug trafficking point in Tien Giang that police officers have destroyed so far
The romantic feelings were one-sided
Vietnam's northern provinces brace for strengthened cold spell, southern provinces welcome cooler weather
A cold front is heading southbound and will have an effect on multiple locales