Casinos, Karaoke Bars Set to Benefit From Vietnam License Reform
A karaoke bar in Ho Chi Minh City.
Photographer: Tan Qingju/Feature China/Future Publishing/Getty Images
Casinos, karaoke bars and dozens of other industries may no longer require specific business licenses under a proposed overhaul aimed at improving the investment environment and supporting the private sector as Vietnam pursues ambitious double-digit growth.
The Ministry of Finance is seeking feedback on a draft resolution that would abolish 58 conditional business lines and revise another 12, according to a statement on the government’s website. Sectors under review include reinsurance, rice exports and automobile imports — which are all currently subject to business licensing requirements under the 2025 Investment Law.