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Anyone who is caught operating illegal online casinos or land-based gambling dens in Vietnam can face up to two years in prison.
Lengthy jail sentences and fines may also apply to any resident caught gambling with an unlicensed operator. Nevertheless, the Vietnamese continue to bet on sport, racing, poker and chance games in large numbers.
This can only be expected from a country with over 92 million citizens and a gambling culture that dates back hundreds of years.
So, although most forms of gambling are outlawed in Vietnam, many residents find ways around the ban — albeit at their own risk. The social landscape of Vietnam has changed considerably over the past century.
Gambling was viewed as a capitalist luxury that had no place in a socialist society, so it was banned outright. Wide-ranging social, political and economic reforms led to the establishment of a state lottery in That proved a popular move and was soon followed by the first of many tourist casinos, which continue to attract gamblers and investors from all over the world.
For years, only foreigners were allowed to gamble at Vietnamese casinos. However, growing support for a legitimate gambling industry has forced the government to reconsider its position.
In , select casinos opened their doors to Vietnamese locals as part of a three-year trial to determine the viability of wholesale gambling reform.
Recent reforms would suggest that Vietnam is beginning to soften towards gambling on the whole. Locals can now gamble at Vietnamese casinos instead of trekking across the border to Cambodia, while some politicians have also proposed the legalisation of betting shops.
Things are far less rosy when it comes to online gambling. Police raids and online betting crackdowns have become a regular occurrence, particularly in the lead-up to major sporting events such as the FIFA World Cup.
It is not a stretch to see roulette becoming a craze in Vietnam. Step up the online casinos Vietnam has a potential market in the millions.
There is already foreign investment in the regulated land based casinos so it would be a logical step to move into the online market once legalized.
If gambling was legalized the infrastructure of the country is almost ready for an online casino boom. The middle classes of the major cities are already using offshore sites.
The current system of bookmakers taking the bets and then using online accounts to place them would obviously not work with casino games.
It would be a great opportunity however for more venues to spring up offering internet access. The cash economy of Vietnam could be a stumbling block however but there is always a way.
The social impact is the main concern for the authorities and it is an important one, poor societies and gambling are not usually a good mix.
In the virtual world the rule of law is usually inadequate. It takes a lot to stop a determined surfer and if you want to gamble with an online casino you will probably be able to.
If you are prepared to run the risk of arrest by Vietnamese law enforcement then there are online casinos out there that will happily take your details and sign you up.
Just because they are breaking the law in Vietnam it does not mean they have to be criminals. The best online casinos facing the Asian market are regulated by the First Cagayan the Philippines government authority.
They have built a solid reputation up and although only having been in the industry 7 years or so they have a good structure in place.
Unlike some licensing bodies around the world First Cagayan is dedicated to regulating the industry. Besides live dealer games from Playtech, players from Vietnam can enjoy a variety of live casino games provided by Asia Gaming, Evolution Gaming and more.
One of the biggest advantages of playing at live dealer casinos for Vietnam is the possibility of placing your bets at Asia-facing tables which offer a genuine casino experience.
Just like you are in the middle of a Macau-based casino, you can feel the atmosphere and real casino action without leaving the comfort of your home or on the go.
Other advantages include making transactions and wagers in your national currency which means that instead of paying exchange fees, you will be able to wager more cash on live casino games.
Playing live casino games at trusted online casinos also entails access to numerous bonuses and promotions, so take advantage of those tailored for live casino players to make most of your stay there.
Is it legal for Vietnamese players to gamble online? According to the Vietnamese regulations, it is not legal to place bets on casino games online.
Online casino players can face fines or even get arrested if they are caught red-handed. Is it safe to play live casino games? Besides the government, Vietnamese players have to beware of rogue online casinos.
To enjoy live dealer games in a fair and safe environment, one should choose those casinos which are fully licensed and regulated by a trustworthy gaming body which guarantees that an online gaming operator provides their services according to the industry standards and regulations.
Can Vietnamese citizens play live casino games in their local currency? There are certain online casinos that accept VND, but at others you will have to carry out your transactions and place your bets in other currencies like USD.
To avoid paying exchange fees, the best option is to choose a gaming venue which supports local payment options and currency.
What are the easiest methods to deposit money online? Vietnamese players can fund their accounts via e-wallets like Skrill and Neteller which are by far the most convenient and secure payment options.
Will I be charged a fee for deposits and withdrawals? It depends on the casino you play at and the banking method you opt for.
Visit the Banking section of the casino you want to register with to learn all about fees. If you opt for an online casino that does not accept VND, you can be charged exchange fees.