Football betting – During the five-year pilot program, only one betting operator will be provided the investment registration certificate.Charter capital – For horseracing and football, the charter capital requirement is VND1 trillion ($44.2 million), while for greyhound racing it is VND300 billion ($13.2 million).Decree 06 includes strict conditions for firms involved in betting activities. 06/2017/ND-CP (“Decree 06”), which included a five-year pilot program for betting on horseracing, greyhound racing, and international football. Last year, the government issued Decree No. RELATED: Business Advisory Services from Dezan Shira & Associates Betting regulations This law follows a March 2017 decree, which legalized betting on international football games, horse races, and greyhound races. The government will be releasing further details before it comes into effect next year. As of now, it lacks clarity on a number of issues, such as categories of sports which will be included as well as how it will be implemented by the government.
On June 14, 2018, Vietnam’s National Assembly passed a bill, legalizing the principle of sports betting, with government oversight. JPosted by Vietnam Briefing Reading Time: 5 minutes
