Source: Bloomberg
Vietnam has formally elevated gaming to a state-backed cultural priority, reversing its previous stance as a moral hazard regulator. The shift reflects the sector's economic scale and soft power potential in Southeast Asia. South Korea and China followed similar arcs: initial resistance, then recognition of gaming as a tax base, export revenue, and cultural counterweight to Western entertainment. State promotion at expos signals infrastructure investment, talent pipeline development, and regulatory clarification that could position Vietnam as a regional gaming hub. The trade-off: tighter state oversight of content rather than hands-off liberalization.