Business
Casino prizes may now be paid in foreign currencies
  • By Minh Phan | dtinews.vn | July 29, 2014 11:22 AM
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The Governor of the State Bank of Vietnam has issued a draft circular which allows prize-winners at casino to receive their payouts in foreign currencies.

 

Currently, casinos in Vietnam are only open to foreigners. When casinos were required to pay out all prizes in Vietnamese dong, it was very difficult for prize-winners to take their winnings back home.

Now lucky customers may have a few more options. In case players wish to receive their prize money in a foreign currency via transfer, it can be transferred either to the account of the player opened at a bank in Vietnam or to an overseas account.

Banks are required to keep careful records of all such transactions. The new regulation also stipulates that casinos keep bank accounts in foreign currencies to facilitate these transactions.

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