Can I win real money at Vietnamese casinos?

Yes, you can play for free or for real money in Vietnam. The Vietnamese players bet at foreign sites, which have both the option of playing for free and real money. With every passing day, a new game enters the market, urging the players to try their hands for free once before investing in the same, especially in the slots category and table games. #

How long does it take to receive my winnings?

It varies from one casino to the other depending on the selected banking method. Remember that the winnings are taxable, and the government imposes a 10% tax on the winnings that cross 10 million dongs. The winners would have to pay the tax at the source or by the end of the year. The time by which they can receive the winnings is anything from 5 minutes to 5 days. #

Are there any withdrawal fees for Vietnamese players?

There are withdrawal fees that banks charge from the Vietnamese players playing and winning at online casinos. Every time the person withdraws or has bank transfers of a sum of money, they have to pay. For the settlement of USD 25,000 per year or above, the Vietnam-based gamers have to pay a fee. The banks charge fees of approximately 0.2% and USD 25. There are cryptocurrency regulations in place since 2018, and the State Bank of Vietnam has banned commercial banks from accepting or making any transactions. However, now things are looking up, and the ministry has resolved to make this transaction simpler. #

Are online casinos in Vietnam safe?

The Vietnam government is still contemplating ways to restrict and legalize or regulate the casino industry. It is not too keen on opening up online casinos though the market from the country on a global scale is quite high. As of now, only a few casinos are operating without any trusted licensing organization to keep a check on the same too. So, these local Vietnamese gamers try online casinos operating with licenses from off-shore casinos or foreign origin casinos. If they are specifically checking the licenses for each of these casinos, they are in safe hands. #

What payment methods are available for Vietnamese online casinos?

Vietnamese gamers are free to choose from debit and credit cards. These include Citibank Visa Cash back credit card, VIB Mastercard Platinum credit card, HSBC Gold Visa credit card, Shinhan Visa Cash back credit card, and more. There are ATM cards from HSBC, Citibank, ANZ, and more to try. There are also cryptocurrencies in use these days, including Bitcoin, Ethereum, Litecoin, Dogecoin, and more. #

Can I play with VND at Vietnamese casinos?

You can play with VND from the casinos that welcome Vietnam players. However, many casinos put a restriction on the currencies, and then you may have to convert it to USD or GBP to make use of the same. This depends on the casinos you choose.

Best Online Casinos in Vietnam: Top 10 Casino Websites 2023

Online casinos in Vietnam

Suncity Group Holdings Ltd. of Macau was one of the prime brands planning to set up a big hotel and casino along the coast of central Vietnam. Today, several casinos online in Vietnam offer the best bonuses and gaming options to the players.

However, there are even government agencies that try their best to look for loopholes and crack down the whip at any time. There are, therefore, local Vietnamese who go to the offshore or other neighboring countries for their dose of gaming fun.

Value of the gambling market

Now let’s talk about how big the Vietnamese gaming market is, and you will be surprised that the locals love gambling online. One look at the revenue it brings to the country is a definitive conclusion in this regard. As per Vietnam’s Ministry of Finance, the country’s revenue from functioning casinos was around VND 2.5t or USD 107.4 million in 2019, and this was 60% higher than that of 2018. It speaks volumes of how many people are hooked on to gaming online.

History of gambling in Vietnam

The Vietnamese have loved gambling in some form or the other. But it has also been illegal, and this we can see from the anecdotes by several travelers. The culture is very conservative, which has also been a reason for the casinos being termed illegal. The lottery was, however, kept out of harm’s way and has always been the first thing to get lenient handling.

How about sports betting?

Likewise, the sportsbetting category has been witnessing similar softness from the government. The turning point in Vietnam came up in the 1940s when the government decided to relax land-based casinos and make them legal.

However, the government has been too slow and hesitant to legalize other forms of casino activities. The intention was to ensure the black marketing of the games stopped once and for all. The land-based casinos thrived then and continue to flourish even now.

The Vietnamese governments involvment

The state-run lottery and pari-mutuel betting in horse-racing and greyhound racing were among the foremost options to get a free hand. In 2003, the government started giving out licenses for resort-styled casinos. This said the big and the largest of the casinos like Ho Tram Resort came up for sure. But they could not bet on traditional sports betting, and to get their access to the same, the local Vietnamese traveled to Macau or Cambodia.

But it has been not that upbeat when it comes to giving online casinos a similar welcome. This is where the problem arises, and the locals began to look elsewhere. It is fine for locals to check online and see casinos where they are welcome.

The country does not have a regulated online gambling market, and hence, the locals have to look for off-shore options or, worse, the illegal market. These illegal gambling rings are under a constant watch of the government watchdogs, and in recent years, there have been several multi-million dollar rackets exposed.

They can have their fill of online slot game betting, table games, live casinos and sports betting from any site they want. All they have to do is to see its license before they make the first deposit.

Future of online casinos in Vietnam

We could see healthy growth in the online and offshore casinos at the same time. The land-based casinos like Corona Resort and Casinos and the Sun Group’s casino project have also been healthy. The rise in the number of upcoming projects has been a heartening sign for the casino industry here.

The Ministry of Finance is also keen on giving these brands more space and lenience since they will be setting up newer facilities, water parks, and boost tourism. So, they are insisting on them to work on investing in regions like Vand Don that have the potential to grow.

There is no licensing authority in Vietnam

Talking of the numbers of online casinos from Vietnam is hardly worth mentioning. There is no licensing authority, and on the surface level, internet gambling is illegal. The government tries to block local sites that mushroom from operating.

The locals, however, are trying their best to check out the Malaysian, Indonesian, Cambodian, and Singaporean, or Macau and Hong Kong-based sites. The Vietnamese find these options equally relieving, and they are also free to use their local currency or use e-wallets.

They have a fantasy for sports betting, and it has been for a long time. They are now exposed to the modern off-shore or foreign casinos where from they try their hands on live casinos, slot, and table games besides the pari-mutuel wagering.

Strict laws makes the future tricky to predict

Decree Number 3 has announced that local Vietnamese above the age of 21 are only allowed to bet in their land-based casinos. They should also not have any criminal record and must have permission from the family and an annual income of 10 million dongs or more.

In short, the government has set a very high standard for entering and playing at a regular brick and mortar casino. Even the admission fees to these casinos are high for the locals of as much as 1 million dong just for 24 hours.

Are casinos legal in Vietnam?

Casinos online are not legal in Vietnam in simple terms. Though the government began a spree of legalizing gambling, it will be a long time before things take a turn for the favor of casinos in Vietnam. But it is perfectly fine if you choose to play in licensed casinos from other countries.

The gamers here are from the young age group, and they love experimenting with slot games, live sports, and esports categories. When the players check online casinos, they have to look for the brands that accept Vietnamese Dong or VND. This said, Article 248 of the Penal Code states a punishment of 2 million dongs to 50 million dongs and even a non-custodial reform of up to 3 years or a prison term of 3 to 36 months.

Eyes on the future

In recent times, there has been news of the government cracking its whip on many illegal gambling rackets. They are very cautious about the illegal gambling operations and anything happening even remotely unmonitored.

Vietnamese players favorite games

The Vietnamese people are superstitious, and this is why in their lottery ticket selection, they care for the same. They consider 6, 7, 8, and 9 to be very lucky. Even if the numbers are ending in 1 or 2, they are considered auspicious enough. Lottery, thankfully, has better reception in Vietnam. 63 lottery brands or houses are operating across the country. Many of these lottery firms are made in the safe enclosures of resorts and star hotels.

All said and done, though there are online casinos even in Vietnam, the locals will have to wait for some more time to bet freely.

The Vietnamese players have now shown a great fascination for the slot games, fishing titles, and games from the table category too. They have shown great appreciation in online casinos from other countries and are welcoming games like poker titles and esports. Even in land-based casinos, they show great enthusiasm in participating in the poker tournaments.

This does not mean they are reserved about sports betting titles. Cockfighting and greyhound racing, along with other pari-mutuel wagering has been very eager.

You may even find the average Vietnamese gambler looking forward to trying their luck in Sic Bo, Dragon Tiger, Pai Gow, Baccarat, Craps, Online Slots and other categories of games.

How we review the best online casinos in Vietnam

Vietnamese gamers have shown exceptional enthusiasm at choosing casinos from other countries. But the Internet is a bad world, and this is where caution is necessary. They may come across casinos that may not be reliable or trustworthy. Many gamers from Vietnam, in their excitement, may jump and log in at any of the casinos without checking its authenticity.

This means that there is no guarantee that the casino will pay them as per their promise. In case the casino does not pay them back, they will end up helpless since there is no government to help them. This happens if you are not careful to check the casino inside out. This is where reading our review will help you in the journey to bet in online casinos.

We make sure to evaluate every little piece of information for the Vietnamese gamer to easily spot and bet from a reliable casino.

Security

A player’s security is a top priority, and whether he is just playing a slot game or a table game, the casino should promise the ultimate for them. We check and rate casinos that have the highest levels of SSL encryption on.

Even the players’ transactions should be audited and be safeguarded with PCI Compliance. Likewise, the casino should have a license from Curacao, Malta, and other reliable organizations.

Customer support

At an online casino, the player from Vietnam may have some queries. Though the FAQ section may have many queries answered, you may still have problems with downloading the app. The casino should have 24-hour support via live chat, email, and telephone. These should be available to Vietnamese players too.

Software and languages supported

While checking a casino online, we ensure that you get no problem downloading or playing the site. The casino should have games from reliable vendors like Microgaming, Playtech, Evolution Gaming, Blueprint Gaming, NetEnt, and more. They have a reliable gaming platform and are safe to integrate with any casino.

If the casinos have partnered with all these or a few of them, you are in for a treat. They should support various local languages. In short, gaming should be easy if you want to enjoy the ultimate time here.

Fast payout system

We understand that you may want to withdraw winnings from time to time and use it. This means you have to look for casinos that specifically offer this service. You may check the terms and conditions page of the site you visit.

Likewise, you may check out if the casino allows Bitcoin and other cryptocurrencies. In that case, you may relax as the payout is generally happening in a matter of minutes. Even the casinos take very little time to process withdrawals for debit and credit cards. But when you look for the bank transfer or wire transfer, the transactions happen slower. It may take as many as 5 business days for the payment to process.

Bonuses and promotions

The welcome bonuses are the best things to happen to any gamer. The casinos try to lure all the players with a heady dose of welcome bonus that may even include free spins along with a match-up bonus. These sites should ideally dish out regular promotions on a daily or weekly basis.

Payment options

Vietnamese players prefer using debit cards, credit cards, along with e-wallets. There are MoMo or Mobile Money e-wallet, Skrill, and VTC. They are there along with the debit card and credit card systems of Visa, Mastercard, and more.

The Prepaid scratch cards are something Vietnamese gamblers also prefer using instead of their regular debit cards. The banks that support online gambling payment are Sacombank, Vietcombank, DongA bank, and the Asia Commercial Bank.

VIP Program

The VIP Program is something everyone desires as he or she scales up the gaming ladder. With every bet, you should raise the Loyalty levels and finally even become a prestigious member of the VIP club. Many casinos these days design customized gifts and regular surprises to the players.

Legalized commercials

In Vietnam, people get to see online gambling ads from various foreign casinos. However, they do not have any big casinos online yet of their own to show ads on television. There is no law or rule prohibiting the same, but there is no clear law to welcome the same too.

That is to say, this is a grey area, and yet, the international casinos keep promoting ads on sporting events and the betting sites regularly. The same is that Vietnamese love betting and comprise a major chunk of the betting community in these foreign sites.

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