Hanoi reports turbulent times as casinos accumulate huge losses

Royal Halong Casino in the northern province of Quang Ninh. Photo courtesy of Royal International Corporation (RIC)

HANOI: The Finance Ministry has reported on the casino business situation in Vietnam, indicating that the pilot project allowing Vietnamese individuals to gamble is experiencing financial losses due to a decreasing number of players.

In the report submitted to National Assembly (NA) deputies, ahead of a question-and-answer session at the NA’s Standing Committee, Finance Minister Ho Duc Phoc said that this type of activity is exclusively reserved for foreigners.