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Viet Nam

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Vietnam is a red-level online gambling jurisdiction with a total ban on placing bets online.

Vietnam is an Asian country that borders China to the north, Cambodia to the west and Laos to the west. They also border the Gulf of Thailand in the south and the South China Sea to the east.

Overview

Vietnam is in a difficult position when it comes to how they handle their gambling regulations. In the past couple of decades, they've opened things up to allow investors to build a few dozen land-based casinos in their country, but residents aren't allowed to play in them. At the same time, gambling online is completely illegal, and they are very active in

preventing this from happening while simultaneously going after people who do.

To make this situation even more complicated, it's estimated that thousands of people go to neighboring Cambodia to place wagers every single day. To this end, Vietnam is obviously missing out on an enormous market that they could use to raise tax revenues, but they don't seem interested in doing anything about it.

Licensing

It would make sense in a lot of ways for Vietnam to create a licensing system and regulate the industry. However, they also have to keep the investors of their land-based casinos happy, and they might not want the competition that online games would bring. With that having been said, they'd also prefer if citizens of the country could wager there as well, so it's hard to say exactly how much influence they have.

What is known, however, is that they have been trying to pass laws that would allow citizens to be able to play. If that happened, then they could be one step closer to regulating the online side of the industry as well.

Player Protections

There's no form of player protection in Vietnam because the industry isn't regulated and because gambling online is a crime. The bottom line is that you really shouldn't play online here because of how they aggressively go after people who gamble. You could face years in prison if you're caught with gambling wins or losses over certain amounts, and you'll get their equivalent of probation if the amount won or loss was under the preset limit, so it's not a good deal for the player either way.

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