Online gambling in many countries, including Vietnam, has come from far to existence. Since the last century, in Vietnam, online gambling was unified under communist rule. Managing to develop it to become among the highest economic growth across the world has taken them a great effort. The country has had historic antipathy, but that has not prevented the country’s development and acceptance of such an industry. The government, on the other hand, has accepted this type of capitalist concept, gambling. Many casino online uy tín Việt Nam sites have been issued with licenses to operate their business in the country. Besides, the licenses are provided to foreign citizens who want to provide their gambling activities in the country. However, it had taken the country many years before it could accept the online gambling concept. The citizens interested in online gambling used technology and searched for wealth from foreign-based online gambling websites that accepted gamblers from all geographical locations. Nevertheless, several factors played a significant role in making the country attractive to the growing market for the gaming industry, especially with online gambling.
One of the reasons for the popularity of Vietnam with online gambling is the penetration of smartphones at a high rate. Today, in Vietnam, it is estimated that the highest population, more than half, uses smartphones. In addition to smartphones, the arrival of high-speed internet coverage such as 4G has helped encourage more players to venture into gambling. Vietnam has over 4 million gamers and ages 18 to 30. With the country having more than half of its population under 25 years, the youth has significantly contributed to driving the growth of the gaming market in the country. Such a country with a high youth population dramatically improves because youths are great explorers to new things. Mobile games have positively contributed to the popularity of online gambling in Vietnam. It is a dominant form of gaming and has contributed more than half of its industry revenues.
Another reason why online gambling is famous in Vietnam is the arrival of e-payment apps widely available for gamers. Some well-known casino games such as blackjack, slots, and roulette are easy to access and play with real money. For online games to be accepted in the country, it has to follow set regulations. Most companies have images and content complying with Vietnamese laws. Besides, for many foreign companies should comply with strict local regulations. If not, they have to end their operations in the country. Fortunately, many companies have adhered to the rules and regulations. Lastly, it is undeniable that Vietnam is targeted because it has an attractive market to gaming-related sectors and especially during this pandemic. However, before venturing into the growing market, investors have to follow the necessary regulations.