SEAsiaReview:Vietnam SEAsiaReview:Vietnam
Vietnam’s number of tourist visitors has
been steadily increasing over the last 10
years and the country saw 4.2 million
arrivals in 2008, a 0.6 per cent increase
on 2007 figures.
The country is now investing capital into
the coastal regions that are popular for
their beach and boat tours.
THEGAMINGMARKET
Prior to 2003 all forms of gambling apart
from the state-run lottery service, were
illegal in Vietnam.
However, since this time the government
has permitted some four and five star
Multiplestoreys
hotels in the country to open electronic
gaming areas to offer gambling for foreign
passport holders but not Vietnamese
locals.
multipleendings
They are predominantly found in the
main cities and with no card games
permitted usually offer around 100 slots
or so including multi terminal gaming
Interest has begun to peak in theVietnamese
machines.
gaming market, with international operators to
Illegal operations are also rife and the
open substantial projects in the near future country is now looking at the possibility
of legalising different forms of gambling
Historically, Vietnam is an agricultural Vietnamisthelargest to bring in more governmental funds and
civilisation based on wet rice cultivation. producerofcashew also improve infrastructure for tourism.
Today it has one of South East Asia’s nutsandsecond
fastest growing economies with its sights largestriceexporter It is also a case of ‘if you can’t beat them,
set on becoming a developed nation by (afterThailand)with join them’ and there has always been
2020. thehighestpercentof calls to legalise small scale gambling in a
landusefor bid to control it.
In 1976 the country emerged as a unified permanentcrops.
country after the communist north seized However,Vietnamis Gambling has also been at the top of
the south. The country had to recover stillarelativelypoor media attention in recent years with
from the effects of war and was ravaged countrywithdeep reports of top government officials being
and politically isolated. povertyinsome involved in fraud and corruption charges
areas. particularly within the sports industry.
After the war the collectivisation of farms Two football starts were arrested a couple
and factories was introduced, which saw of years ago for allegedly fixing two
years of corruption, inefficiency and poor games at the Southeast Asian Games.
quality in its industry.
Back in 2006 there were 63 state owned
The government’s plans hindered post lottery companies which reported an
war reconstruction until 1986 when it annual growth of 22 per cent and
introduced economic and political reforms Today, Vietnam is the largest producer of contest elections. joins the South China Sea, the Gulf of the government has invested some Therearealsofive contributed more than US$312.5m to the
and began a path towards international cashew nuts and second largest rice Thailand and the Gulf of Truong. US$47.07m in preserving biodiversity centrally-controlled state budget. Meanwhile revenues from
reintegration. exporter (after Thailand) with the highest Although the state is officially committed with 126 conservation areas and 28 municipalitieswhich registered betting and bonus games
per cent of land use for permanent crops. to socialism the ideology has diminished With a population of over 86 million it is national parks established. existatthesamelevel increased by VND2.8 trillion in 2006.
The new policies saw private ownership However Vietnam is still a relatively poor somewhat since the 1990s. the 13th most populous country in the asprovinces.These
being encouraged and Vietnam achieved country with deep poverty in some areas. world. The country consists of hills and Vietnam is divided into 58 provinces arethensubdivided It seems many provinces are now asking
around eight per cent annual GDP growth Since 2007 Vietnam has established densely forested mountains and tropical which are then subdivided into provincial intodistrictsand for the government’s permission for
from 1990 to 1997. Foreign investment Vietnam’s Socialist Republic is a single diplomatic relations with 172 countries rainforests. municipalities, townships and countries countriesandthen casinos in a bid to attract tourists and the
grew and domestic savings increased. party state and a new constitution and holds membership of 63 international which are then subdivided into towns or subdividedintowards. government has asked the Ministry of
approved in 1992 now replaces the 1975 organisations such as the United Nations, The northern part of the country consists communes. Finance and Planning and Investment to
In addition manufacturing, information version. WTO and ASEAN plus 650 non- of highlands the Red River Delta whilst draw up some draft documents for
technology and high tech industries now government organisations. the south is divided into coastal lowlands There are also five centrally-controlled consideration.
form a large part of the national economy The central role of the communist party and extensive forests. municipalities which exist at the same
growth, and although a newcomer, the was re-asserted in all areas of government The country is a long thin piece of land level as provinces. These are then At the moment is it suggested that around
country is also the third largest oil and politics and only political which runs 4,639 km along its land Vietnam is in the Indomalaya ecozone subdivided into districts and countries 600 to 700 Vietnamese cross the border
producer in South East Asia. organisations affiliated with or endorsed boundaries with China, Laos and and is one of 25 countries considered to and then subdivided into wards. into Cambodia each weekend to gamble.
by the communist party, are permitted to Cambodia on the west. On the east it 1 possess a high level of biodiversity and
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