Table of Contents
Sports betting in Vietnam has undergone significant changes recently, with the government gradually legalizing specific wagering under strict regulations. To participate legally, it's essential to understand the current laws and adhere to the established guidelines.
Legal Framework for Sports Betting
In 2017, the Vietnamese government issued Decree No. 06/2017/ND-CP, which legalized betting on international football matches, horse racing, and greyhound racing. This decree marked a pivotal shift in the country's approach to gambling, aiming to regulate and control betting activities.
Eligibility Criteria
Individuals must meet specific criteria to engage in sports betting in Vietnam legally. Participants must be at least 21 years old, and Vietnamese citizens must have a minimum monthly income of VND 10 million (approximately USD 450) to participate in betting activities. An entry fee of VND 1 million is imposed on Vietnamese citizens wishing to enter casinos.
Permitted Betting Activities
Under the current legal framework, the following betting activities are permitted: Betting is allowed on international football games recognized by FIFA and other relevant authorities. Wagering on horse and greyhound races is also legal, with specific regulations governing these activities.
Licensed Operators
The government has authorized specific operators to conduct betting activities. For example, only one operator is granted the investment registration certificate for football betting. It's crucial to place bets through these licensed entities to ensure compliance with the law.
Online Sports Betting
Currently, online sports betting in Vietnam remains largely prohibited. While some Vietnamese citizens access offshore online betting platforms, this practice exists in a legal gray area and is not officially sanctioned. The government has blocked numerous gambling websites in the past and continues to monitor online betting activities.
Penalties for Illegal Gambling
Engaging in unauthorized gambling can lead to severe penalties, including fines ranging from VND 20 million to VND 100 million, non-custodial reform, or imprisonment. The severity of the punishment depends on factors such as the amount wagered and prior offenses.
Future Developments
The Vietnamese government is continually assessing its gambling regulations. Recent discussions have focused on amending existing decrees to facilitate investment in sports betting infrastructure and allow internet-based betting under strict management.
Bet Responsibly and Stay Within the Law
While sports betting in Vietnam is legal under specific conditions, adhering strictly to the established regulations is imperative. Engaging only in permitted betting activities through licensed operators ensures compliance with the law and promotes responsible gambling practices.
