{"id":777014044,"date":"2024-03-18T08:33:26","date_gmt":"2024-03-18T11:33:26","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014044"},"modified":"2026-04-22T11:58:02","modified_gmt":"2026-04-22T14:58:02","slug":"vietnamese-finance-minister-reports-results-from-casinos-that-accept-locals","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/vietnamese-finance-minister-reports-results-from-casinos-that-accept-locals","title":{"rendered":"Vietnamese finance minister reports results from casinos that accept locals"},"content":{"rendered":"\n<p>Revenue rose 45.7 per cent last year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Vietnam.- <strong>Ho Duc Phoc<\/strong>, Vietnam&#8217;s finance minister, has reported that the pilot casinos that allow locals to gamble recorded cumulative revenues of VN$6.4tn (US$259.1m) between 2019 and 2023, contributing approximately VN$3.8tn (US$153.8m) to the state budget.<\/p>\n\n\n\n<p>In 2023, revenue reached VN$2.2tn, up 45.7 per cent, and contributed VN$1.23tn to the state budget. However, the casinos<strong> incurred losses of more than VN$3.72bn (US$150,600) <\/strong>due to initial interest payments and depreciation costs. <\/p>\n\n\n\n<p>The report sent to deputies of the National Assembly noted that from 2019 to 2023, Vietnamese customers made up 62 per cent (295,943) of total players, mainly due to the Covid-19 pandemic. However, <strong>Vietnamese players <\/strong>accounted for only 39 per cent of visitors in 2023.<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/vietnam-aims-for-17-18-million-tourists-in-2024\" rel=\"noreferrer noopener\">Vietnam aims for 17-18 million tourists in 2024<\/a><\/p>\n\n\n\n<p>The Ministry of Finance is working on a new decree that may only grant licences to casinos that have large-scale service, tourism, commerce, and entertainment areas and a minimum investment of US$2bn. <\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a href=\"https:\/\/focusgn.com\/asia-pacific\/vietnam-confirms-requirement-of-bidding-process-for-international-football-betting\" target=\"_blank\" rel=\"noreferrer noopener\">Vietnam confirms requirement of bidding process for international football betting<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revenue rose 45.7 per cent last year.<\/p>\n","protected":false},"author":176,"featured_media":18146,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Vietnam's pilot casinos allowing local play generated VN$6.4tn (US$259.1m) in cumulative revenue from 2019-2023, contributing VN$3.8tn to the state budget, despite incurring operational losses. The Ministry of Finance is developing a new decree that would mandate a minimum US$2bn investment for future casino licenses, focusing on large-scale integrated resort developments.","focusai_entities":"Ho Duc Phoc, Ministry of Finance, National Assembly","focusai_location":"Vietnam","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.8), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact of new decree?","query":"How will the proposed US$2bn minimum investment decree impact the operational viability and expansion strategies of existing casino licensees in Vietnam?"},{"label":"Local player demographics?","query":"What are the long-term implications of the observed shift in local vs. international player demographics for Vietnam's domestic gaming market strategy?"}],"footnotes":""},"categories":[28,16333],"tags":[23907],"class_list":["post-777014044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777014044"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014044\/revisions"}],"predecessor-version":[{"id":777014066,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014044\/revisions\/777014066"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18146"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}