Vietnam prepares allow sports betting

The Vietnam Ministry of Finance introduced a new draft decree on betting business (horse racing , dog racing and football) to gather feedback. This draft set limits on the maximum bet amount is one million VND (USD 48) / one time, and the list of tournaments, match allow betting.

Mrs. Phan Thi Thu Hien, deputy director of the Department of Finance and Banking - Ministry of Financial, said that will limit the amount of money bet, and will not allow betting with the tournaments in Vietnam.

Sports betting is one of the markets with the strongest growth potential in Vietnam. Betting is not allowed by Vietnam law.