Guidance on Prize Payments for Casino Players

11:41, 11/07/2024

On August 30, 2017, the State Bank of Vietnam issued Circular 10/2017/TT-NHNN regarding foreign exchange management for casino business activities. Accordingly:

- Vietnamese players receive prize money in Vietnamese Dong (cash or bank transfer).- Foreign players receive prize money in one of the following forms:- In foreign currency cash and are permitted to:- Sell foreign currency for Vietnamese Dong;- Transfer the foreign currency cash prize abroad via a bank;- Carry the foreign currency cash prize abroad;- Deposit the foreign currency cash prize into the player's foreign currency payment account (TKTT).- In wire-transferred foreign currency. The prize money in foreign currency is transferred from the enterprise's special-use foreign currency account to the player's foreign currency payment account (TKTT).- In Vietnamese Dong and are permitted to:- Deposit Vietnamese Dong cash into the player's Vietnamese Dong payment account (TKTT).- The prize money in Vietnamese Dong is transferred from the enterprise's payment account to the player's Vietnamese Dong payment account (TKTT).

Circular 10/2017/TT-NHNN effective from October 15, 2017.

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