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Vietnam looking to legalize gambling

vietnam looking to legalize gambling

Gambling was deemed a criminal offence over 70 years ago in Vietnam. Today, lawmakers are looking to reverse those pass-time laws.

One of the subjects discussed at this Tuesday’s governmental Penal Code gathering was whether or not to allow legalized gambling in Vietnam. Ironically the country does have plenty of casino services the catch being that these casino establishments are geared towards foreigners only. Talk of decriminalization ensued and many were pro gambling.

One of the representatives, Pham Xuan Thuong of Thai Binh, recognized that gambling is active in every corner of the country even though the gambling laws are pretty strict. What ends up happening is this law being treated loosely and the ones caught doing illegal gambling will get a suspended license rather than an actual jail sentence.

The same representative suggested that the government take the other gambling activities, besides the natural lottery, which are considered illegal and find a way to regulate and manage them for the benefit of the country. Other officials feel that their own people will leave the country and spend money on gambling elsewhere when they could just as well spend that money in Vietnam.

A similar suggestion was made in the past, when in 2014 the finance ministry proposed that Vietnam open casinos for legal age gamblers. Although that idea remained in the past and nothing became of it, there are hopes that this year things will change.

At the moment illegal gamblers in Vietnam spending $88 on betting risk a three month sentence. Other proponents would like to see this limit raised to $220 and also increase jail time to one year.

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