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Neteller, Skrill, ecoPayz Bank Transfers: Wire transfer, online banking. The nationwide ban on gambling has made it somewhat difficult for Vietnamese residents to access online gambling services.

The only exceptions to these laws are state-run lotteries, which remain popular throughout the country. 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.

Nevertheless, there is cause for optimism. Vietnam boasts a fast-growing economy that would benefit hugely from the introduction of a regulated online gaming industry.

Most of all, the casino trials indicate that Hanoi is open to change. Suncity Group has pushed back the purchase of a resort in Vietnam to the end of August according to its filing with the Hong Kong

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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.

Nevertheless, there is cause for optimism. Vietnam boasts a fast-growing economy that would benefit hugely from the introduction of a regulated online gaming industry.

Most of all, the casino trials indicate that Hanoi is open to change. Suncity Group has pushed back the purchase of a resort in Vietnam to the end of August according to its filing with the Hong Kong Best casino sites for Viet Nam Casino.

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Author Since: Oct 02, 2012