The gaming industry in general and casino business in particular in Vietnam is strictly managed. The gaming industry is divided into legal gambling activities that are allowed and supported by the state and illegal gambling activities," Thuan said.
A report by the Finance Ministry said legal gaming businesses contribute significantly to the state budget. Revenue from the lottery business reached 64 trillion dong (Bt 105.6 billion) in 2014, with the business contributing approximately 20 trillion dong to the state budget. In the casino business, total revenue in 2014 reached over 1.3 trillion dong, while contributing 336 billion dong to the state budget. There are currently 200 illegal lottery vendors, located mainly in 18 major cities and provinces, generating transactions amounting from 500 million dong to billions of dong per day per vendor, according to the Public Security Ministry.
A report by the Finance Ministry said legal gaming businesses contribute significantly to the state budget. Revenue from the lottery business reached 64 trillion dong (Bt 105.6 billion) in 2014, with the business contributing approximately 20 trillion dong to the state budget. In the casino business, total revenue in 2014 reached over 1.3 trillion dong, while contributing 336 billion dong to the state budget. There are currently 200 illegal lottery vendors, located mainly in 18 major cities and provinces, generating transactions amounting from 500 million dong to billions of dong per day per vendor,
according to the Public Security Ministry.
According to the research team, if foreign investment in the casino sector increased by about $3 billion more than the present, GDP would increase by 0.58 per cent.
The gaming industry in general and casino business in particular in Vietnam is strictly managed. The gaming industry is divided into legal gambling activities that are allowed and supported by the state and illegal gambling activities," Thuan said.A report by the Finance Ministry said legal gaming businesses contribute significantly to the state budget. Revenue from the lottery business reached 64 trillion dong (Bt 105.6 billion) in 2014, with the business contributing approximately 20 trillion dong to the state budget. In the casino business, total revenue in 2014 reached over 1.3 trillion dong, while contributing 336 billion dong to the state budget. There are currently 200 illegal lottery vendors, located mainly in 18 major cities and provinces, generating transactions amounting from 500 million dong to billions of dong per day per vendor, according to the Public Security Ministry.A report by the Finance Ministry said legal gaming businesses contribute significantly to the state budget. Revenue from the lottery business reached 64 trillion dong (Bt 105.6 billion) in 2014, with the business contributing approximately 20 trillion dong to the state budget. In the casino business, total revenue in 2014 reached over 1.3 trillion dong, while contributing 336 billion dong to the state budget. There are currently 200 illegal lottery vendors, located mainly in 18 major cities and provinces, generating transactions amounting from 500 million dong to billions of dong per day per vendor, according to the Public Security Ministry.According to the research team, if foreign investment in the casino sector increased by about $3 billion more than the present, GDP would increase by 0.58 per cent.
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