Everything You Need To Know About Betting In Vietnam
Want to bet legally in Vietnam? Here’s everything you need to know about the regulations and best platforms.
Author:Suleman ShahReviewer:Han JuNov 05, 202446.3K Shares908K Views
For many years now, gambling has been illegal in Vietnam. Before the 20th century, the only form of legal gambling was the lottery.
In an effort to crack down on major criminal gambling groups, the government has taken steps to gradually legalize betting in Vietnam.
In March of 2018, the authorities uncovered a $420 million gambling ring in which two high-ranking government officials and approximately 90 otherswere involved (including government officials).
In September of 2018, the ringleader of an illicit online sports bettingoperation that was worth about $26 million was given a nine-year prison sentence.
When another online gambling ring was shut down in 2017, it was worth an estimated $89 million.
The value of the underground gaming market is predicted to reach the multi-billion dollar figure.
Football Betting In Vietnam
Bets on football, horse racing, and greyhound racing were restricted by decree during the first three years of a five-year pilot program that legalized sports betting in Vietnam in 2017. This was similar to a three-year pilot program that legalized gambling in select casinos.
To avoid prosecution, Vietnamese gamblers must avoid major leagues like the English Premier League and Spain's La Liga and instead place their money on foreign events sanctioned by FIFA.
VietnamNet reports that the Ministry had issued a regulation legalizing 27 new football leagues and tournaments. It also allowed for wagering on Vietnam-related events including the U-20 World Cup and the World Cup qualifiers for the national football team.
The Legality Of Betting In Vietnam
There aren't many casinoor gambling options because gaming is generally illegal in Vietnam. The government is relaxing its stance on gambling to attract more foreign investment, so you may still have fun trying your luck at casinos. It's legal for people to gamble under specific conditions.
Visitors from outside the country need not apply for tourist visas to enter. Individuals living in Vietnam who are at least 21 years old, have no significant criminal histories, and make around VND 10 million Dong every month (Approx. USD 450).
Vietnam has casinos inside of hotels specializing in gambling. The authorities keep a close eye on everything, and if there's any kind of infraction, they'll crack down hard on it.
Vietnam Casino
There are currently only six legally operating casinos in Vietnam, making them one of the few conditional businesses in the country. Players from Vietnam are now only accepted at the Corona Casino on Phu Quoc. Six casinos around Vietnam, including those in popular destinations like Hai Phong, Lao Cai, and Da Nang, have been given the green light to start taking bets from the public.
However, only non-Vietnamese citizens are allowed inside most casinos in Vietnam. This form of amusement has been around for quite some time, but the locals have never really taken use of it.
People Also Ask
Can You Bet Online In Vietnam?
In Vietnam, there are a lot of online sports betting sites that have been blacklisted. However, if you do your research and compare sports odds, you can find thousands of international sites that are safe and offer good value. You can find them easily by looking at our list of the best betting sites for people in Vietnam.
Can I Use Bet365 In Vietnam?
Bet365 is one of the best betting sites for Vietnamese people and one of the most complete bookies in the business. This bookie stands out because of its high odds, large number of betting markets, and many other great things.
Is Gambling Banned In Vietnam?
It is widely held in Vietnam that gambling has a negative impact not only on social security and order but also on public safety and even social ethics. As a direct consequence of this, gambling is prohibited by law.
Conclusion
The Vietnamese betting industry is highly sought after by online bookmakers from all over the world due to the country's population of around 100 million people. This country in Southeast Asia is known for its lucrative sports betting industry. This is one of the main reasons why the government decided to make it legal in the form of a pilot program in the year 2017.
Suleman Shah
Author
Suleman Shah is a researcher and freelance writer. As a researcher, he has worked with MNS University of Agriculture, Multan (Pakistan) and Texas A & M University (USA). He regularly writes science articles and blogs for science news website immersse.com and open access publishers OA Publishing London and Scientific Times. He loves to keep himself updated on scientific developments and convert these developments into everyday language to update the readers about the developments in the scientific era. His primary research focus is Plant sciences, and he contributed to this field by publishing his research in scientific journals and presenting his work at many Conferences.
Shah graduated from the University of Agriculture Faisalabad (Pakistan) and started his professional carrier with Jaffer Agro Services and later with the Agriculture Department of the Government of Pakistan. His research interest compelled and attracted him to proceed with his carrier in Plant sciences research. So, he started his Ph.D. in Soil Science at MNS University of Agriculture Multan (Pakistan). Later, he started working as a visiting scholar with Texas A&M University (USA).
Shah’s experience with big Open Excess publishers like Springers, Frontiers, MDPI, etc., testified to his belief in Open Access as a barrier-removing mechanism between researchers and the readers of their research. Shah believes that Open Access is revolutionizing the publication process and benefitting research in all fields.
Han Ju
Reviewer
Hello! I'm Han Ju, the heart behind World Wide Journals. My life is a unique tapestry woven from the threads of news, spirituality, and science, enriched by melodies from my guitar. Raised amidst tales of the ancient and the arcane, I developed a keen eye for the stories that truly matter. Through my work, I seek to bridge the seen with the unseen, marrying the rigor of science with the depth of spirituality.
Each article at World Wide Journals is a piece of this ongoing quest, blending analysis with personal reflection. Whether exploring quantum frontiers or strumming chords under the stars, my aim is to inspire and provoke thought, inviting you into a world where every discovery is a note in the grand symphony of existence.
Welcome aboard this journey of insight and exploration, where curiosity leads and music guides.
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