The Vietnam Association of Foreign Invested Enterprises (VAFIE) has suggested the development of casino services as a means of economic recovery, in a document submitted to the Government.
The Vietnam Association of Foreign Invested Enterprises (VAFIE) has suggested the development of casino services as a means of economic recovery (Photo: riverscasino.com)
Hanoi (VNA) - ♓The Vietnam Association ofForeign Invested Enterprises (VAFIE) has suggested the development of casinoservices as a means of economic recovery, in a document submitted to theGovernment.
Casino tables and gaming machines are currently in operationat 43 hotels and resorts around Vietnam, with the size of the market doublingsince a legal framework on casino operations was issued. The casino sector, however, has yet to meet itssocioeconomic potential, according to VAFIE President Nguyen Mai. In the eyes of investors, Vietnam boasts hugepotential in casinos given its population of nearly 100 million and rising incomes. Vietnamese people spend some 3 billion USD a year onlotteries and 1 billion USD on gambling overseas. The country also attractsmillions of tourists each year, and many would like the opportunity to gambleat casinos. The Government issued Decree No 03/2017/ND-CP in 2017 onthe casino business, which stipulates that Vietnamese citizens earning amonthly income of at least 10 million VND (440 USD) would be eligible to gambleat a casino. The regulation, however, creates hassles for many domestictourists as few remember to bring documents proving their income. Combined withhigh taxes imposed on the casino business, the relatively small number of eligiblegamblers is an issue for many investors. VAFIE has put forward the establishment of a nationalcouncil on the field, which would be under the auspices of a Deputy PrimeMinister. The council will be tasked with counselling the Prime Minister on institutions,policies, legislation, and the management of casinos and similar gaming. It would also review and grant permission to suitable investmentprojects and keep a close watch on their operations to mitigate any socialevils./.
The risk of money laundering in Vietnam is at “average high” level, and that of terrorist financing at “low” level, according to a recent report released by the State Bank of Vietnam (SBV).
The Phu Quoc island district in the Mekong Delta province of Kien Giang welcomed over 2.2 million visitors since the beginning of this year, including nearly 400,000 foreigners, up 35.5 percent year on year.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
The Vietnam Association of Foreign Invested Enterprises (VAFIE) has suggested the development of casino services as a means of economic recovery (Photo: riverscasino.com) 
