{"id":9348,"date":"2020-08-25T22:33:52","date_gmt":"2020-08-25T22:33:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=9348"},"modified":"2026-04-24T02:25:48","modified_gmt":"2026-04-24T05:25:48","slug":"vietnam-looks-to-facilitate-casino-investments","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/vietnam-looks-to-facilitate-casino-investments","title":{"rendered":"Vietnam looks to facilitate casino investments"},"content":{"rendered":"\n

The eight casinos already operating in the country have doubled their revenue in the last three years, according to the Ministry of Finance.<\/p>\n\n\n\n\n\n\n\n

Vietnam.- Given the current economic crisis and the evolution of the gaming business, the Ministry of Finance is looking to amend the decree that regulates gaming to facilitate more investments.<\/p>\n\n\n\n

Casino investors would be allowed to transfer their capital after five years of being granted licences.<\/p>\n\n\n\n

The minimum capital investment for a casino would remain unchanged at US$2 billion and the disbursed capital at US$1 billion or higher. <\/p>\n\n\n\n

But for casino projects in regions like V\u00e2n \u0110\u1ed3n Economic Zone the proposal is to calculate disbursed capital for the eligibility of running a casino at not higher than 25 per cent of the total investment.<\/p>\n\n\n\n

If the amendment passes, it would facilitate Sun Group\u2019s casino complex project at V\u00e2n \u0110\u1ed3n International Airport, in which the investment would be calculated as part of the disbursement for the casino business.<\/p>\n\n\n\n

The projected investment for the venture is around US$2 billion. Sun Group has asked for an extension of the project’s life from 50 to 70 years. Construction is expected to begin this year and run until 2029.<\/p>\n\n\n\n

The eight larger casino operators currently in Vietnam have doubled their revenues in the last three years, according to official statistics.<\/p>\n\n\n\n

They went from making VN\u01101.19 trillion (US$51.2 million) in 2017 to VN\u01102.5 trillion (US$107.5 million) in 2019.<\/p>\n\n\n\n

The casinos’ contribution to the State\u2019s budget in the same period rose from VN\u0110645 billion (US$27.7 million) to VN\u01101.34 trillion (US$57.5 million).<\/p>\n\n\n\n

There are currently eight operational casinos in the country although twelve casino licences have been granted. Suncity\u2019s Hoiana opened<\/a><\/em><\/strong> for a preview in June.<\/p>\n","protected":false},"excerpt":{"rendered":"

The eight casinos already operating in the country have doubled their revenue in the last three years, according to the Ministry of Finance.<\/p>\n","protected":false},"author":2,"featured_media":9350,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Vietnamese Ministry of Finance is proposing amendments to gaming regulations to stimulate foreign direct investment in the casino sector, including provisions for capital transfer post-licensing and adjusted disbursed capital requirements for strategic economic zones. This regulatory evolution follows a significant doubling of casino revenues and state budget contributions over the past three years, with specific implications for projects like Sun Group's V\u00e2n \u0110\u1ed3n complex.","focusai_entities":"Ministry of Finance, Sun Group, Suncity, Hoiana","focusai_location":"Vietnam, V\u00e2n \u0110\u1ed3n Economic Zone, V\u00e2n \u0110\u1ed3n International Airport","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.85), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on FDI","query":"How might the proposed amendments to capital transfer and disbursed capital requirements specifically influence the inflow of foreign direct investment into Vietnam's integrated resort sector?"},{"label":"V\u00e2n \u0110\u1ed3n Project Viability","query":"What are the specific financial and operational implications of the proposed 25% disbursed capital calculation for the Sun Group's casino complex within the V\u00e2n \u0110\u1ed3n Economic Zone, and how does the requested 70-year project life enhance its long-term viability?"}],"footnotes":""},"categories":[161,156,158,16333],"tags":[12436,94],"class_list":["post-9348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-regulation-news","category-slider-home","category-south-east-asia-news","tag-casinos","tag-vietnam"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9348","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=9348"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9348\/revisions"}],"predecessor-version":[{"id":19781,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9348\/revisions\/19781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9350"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}