2023 Growth of Online Casinos in Vietnam
All thanks to the pandemic, online casinos have continued to witness nothing but an upward spiral in the last few years. More and more people are slowly easing into playing and enjoying their favorite casino games online without worrying about visiting a brick-and-mortar casino.
Remarkably, the popularity of online casinos has increased significantly, even in nations like Vietnam where gambling is illegal due to its negative effects on social order, safety, and even ethical ethics. Here's everything you should know about Vietnamese gambling laws and the growth of online casinos in the southeastern Asian country.
Online Gambling is Legally Banned in Vietnam
With the growth of online casinos vietnam, as we said, regulation of some gambling laws became a must. So, Vietnam has one of the strictest gambling laws, and gambling activities have been prohibited in the country for as long as anyone can remember. As a matter of fact, it wasn't until the 20th century that locals were able to start participating in the national lottery.
Gambling, online gambling inclusive, is banned by the Vietnamese government for its citizens. Even though there are no particular references to the ban of online gambling in any official document, it still remains impossible in the country. The reason for the ban stems from social and moral reasons that the Vietnamese communist government believes may affect the quality of life of its citizens.
Locals may still go to the eight government-approved casinos, however only if their monthly income is more than 10 million dong ($450). To enter, they must also deposit a significant quantity of 1 million dongs and be of legal gambling age(21 years old). Foreigners, however, are exempt from these restrictions and are permitted to enter any gambling establishment within the nation.
The Ban Never Stopped Vietnamese Players from Playing
The sentences for illegal activities like gambling are stated in the Law dated June 20, 2017 on Amendments to the Criminal Code 2015 in Articles 321 and 322. Punitive measures could range from paying fines to landing a prison sentence.
Regardless of the strict policies and laws, Vietnamese players have never missed out on their favorite games. Players can still access offshore casinos and play on their devices by turning on their VPNs and changing their locations.
According to Statista, based on the trends established from 2012-2018, the betting and gambling revenues in Vietnam are predicted to reach a whopping $3.8 million by 2024.
Play only at Legit Casinos
As it stands, the Vietnamese online gambling market remains largely unregulated. It is easy for scammers and con artists parading themselves as casino owners to rob you of your bankroll. Ensure you are playing at a casino with a secure connection like SSL encryption. Everything happens so fast on the internet. Clicking the wrong link may cost irredeemable loss in split seconds. Don't give away sensitive information that can expose you to cyber fraud and theft.
Apart from security, check out what the casino has to offer and how much satisfaction you will get before signing up and wagering real money.
Blackjack Vs Poker- Which is better
There are lots of platforms that will let you play best and rewarding games like Blackjack, Poker, Slots and every other game that you love and desire to play.
Similarly, look for casinos that understand the peculiarities and needs of Vietnamese players. Do they have payment options that are available in Vietnam? Do they offer their services in Vietnamese? What's the quality of their customer service? These, and other pertinent information should be readily available to you before you place your first wager.
The Future of Gambling in Vietnam
It's 2023, and it seems the Vietnamese government is beginning to loosen its grip and relax the stringent measures it has placed on gambling laws.
By and large, social and cultural reasons are still at the top of the list of reasons for the ban. But much to the delight of the locals, the government has shown more pliability and has even recently extended its casino pilot program. We will keep our fingers crossed and see what comes of these new moves.
But in the meantime, players should be careful with how they release their personal information online and ensure that they only play at legit sites. All in all, we believe that the future of legal gambling in Vietnam looks promising.
- B.E. Delmer, Gambling911.com
