Wager is conditional trade activity

The Government has issued Decree 06/2017 stipulating that betting on horse racing, dog racing and international football is a conditional trade activity which is under close control by authorized agencies and not encouraged to develop in Vietnam.

Illustrative photo

Only licensed businesses can run the betting which organization must be transparent, objective and honest to protect rights and benefits of players.
 
Currency used for buying wagering tickets and bonus payment is the Vietnamese dong.         
 
The decree strictly forbids businesses from trading in betting without licenses, carrying out activities out of licenses, attending mediations and agreements to falsifying betting results and loaning players to lay a bet. Racecourses and betting ticket sale spots must ensure public order.
 
 

 

By Lam Nguyen – Translated by Hai Mien

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