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Casino service in SEZs is drafted to enjoy special consumption tax of 15 percent

On May 23, the draft Law on Special Administrative and Economic Zones was discussed by the National Assembly, in which the casino business service in the Units is expected to enjoy a special consumption tax incentive of 15 percent for the first ten years if approved.

Incentives of corporate income and excise taxes may be curtailed at the special economic zones

The latest draft law of the special economic zones has been amended based on the opinions of several members of the National Assembly to reduce incentives for several investment projects including casino, tourism and entertainment services.

The $2-billion resort in Thua Thien-Hue province is licensed for casino business

Banyan Tree Holdings Limited has been permitted to double its capital to invest in a large-scale resort complex with casino in Thua Thien-Hue province.

Tax collection under strict scrutiny at casino operating enterprises

Head of the provincial or municipal Tax Departments shall refer to the principles on applying the risk management of taxation to decide to manage and supervise directly or via electronic device and camera system in casinos.

The Prime Minister agrees in-principle to open casino in Laguna Lang Co resort

Prime Minister Nguyen Xuan Phuc has agreed in principle to permit Banyan Tree Holdings Limited, investor of Laguna Lang Co Resort project in Thua Thien – Hue province to increase investment capital of the project from US$875 million to US$2 billion and open a casino.

"Special" model of local government and competition amid special economic zones highlighted in agenda

Two options for establishment of the organization model of local government based on the draft Law on Special Administrative-Economic Units (hereinafter referred to as special economic zones - SEZs), were submitted to the National Assembly for review, thereby provoking controversy.

UK investors propose resort and casino projects in Quang Ngai central province

UK investors hope that Quang Ngai authorities will create favorable conditions for them to seek for investment opportunities in high-end resorts including casino and other tourism services in the province.

Pilot Program will allow Vietnamese citizens to gamble in casinos from Dec 2017

In only one more month, Vietnamese citizens who have proofs of current income of at least VND10 million (about US$441) per month or more are permitted to play in a casino.

Vietnam still lacks world-class casino managers

According to Global Integration Business Consultants Company (GIBC)'s General Director Pham Phu Truong, investing US$2 billion on casinos in an environment lacking amenity infrastructure as Vietnam would be risky.

Casino in Vietnam: Billion dollar plans are not 'easy to bite'

Although casino is welcomed by investors and many local officials, this industry still has to face many challenges.

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