The Vietnam Treasury Department supports proposals for two foreign-only casinos. He informed the ministry of suggestions that the Sun World Ba Na Hills complex in Da Nang city and a location on Hon Tre island in Khanh Hoa province had “excellent tourist potential” and are “especially appealing to foreigners.” delivered to the government. The government, however, has declined to support a request to develop a casino in central Binh Thuan province, citing “poor” tourism potential and the lack of a port or airport. One of the most interesting casinos is Slotxo.
There is no green light yet:
Proposed locations come from applications from localities looking to develop Vietnam’s casino business. The Treasury has already submitted its suggestions to the government, which will consider them before reaching a decision. Add a casino to the Sun World Ba Na Hills leisure and entertainment complex in Da Nang if the project is the government approval. The Hon Tre Island Resort in Khanh Hoa would also have a playground. Another possible possibility was that Binh Thuan province, another option, failed to host a casino. The Treasury judged that the inland location was insufficient for extensive foreign travel. It also lacks an airport and significant water connections. As a result, it would not generate enough traffic to be viable.
According to VietnamNet, the Ministry of Finance intends to prolong the pilot program until 2024 and add new casinos in Da Nang City and Khanh Hoa Province, owing to the influence of COVID-19 on the initial testing phase. The two locations are considered prime locations to contribute to tourism recovery, with VND16 billion (US$ 695 million) already invested in the related tourism project in Da Nang city and approximately VND25.7 billion (US$1.1 billion) invested in the Khanh Hoa Province project. It gets owned by hotel conglomerate VinPearl and includes a hotel, an amusement park, a golf course, and a convention center. It might help in increasing the growth of casinos such as Slotxo.
Know The Future of Casino:
The proposal from the Ministry of Finance is noticeably lacking from the Grand Ho Tram Strip, which opened in 2013, and Hoiana, which will open in 2020 near Hoi An in central Vietnam. In reaction to the shortage of business caused by COVID-19, Vietnamese casino operators have petitioned the government to authorize gambling establishments. Access to premises is now restricted to Vietnamese residents over 21 years with a verified monthly income of at least VND10 million (US$431). They must also pay a VND 1 million admission charge for 24 hours.
According to VN Express, Ho Chi Minh City requested that Vietnamese citizens over 18 years be permitted to gamble in casinos, claiming it would enhance the city’s nightlife. In addition, the People’s Committee of Ho Chi Minh City proposed in May that casinos get legalized on a trial basis in five-star hotels and important tourist sites. The proposal gets hailed as a policy to increase tourism investment, particularly for entertainment, as the bustling metropolis seeks to recover from the COVID-19 epidemic. Previously, only foreigners could play at Vietnam’s casinos, but Vietnamese over 21 years are now permitted to do so on a trial basis. However, you must earn at least VND 10 million ($432) every month. 35) or at least 15% in personal taxes, as published by VN Express.