Vietnam Plans Higher Daily Limits for Football Betting
Vietnam’s Ministry of Finance is reviewing significant adjustments to the country’s rules on overseas football betting. According to local media citing a draft decree the current daily betting limit of VND 1 million (roughly US$38) per category could be replaced by a single VND 10 million (around US$380) daily cap.
This proposal is part of broader changes that would affect not only football but also horse and dog race markets. Under the existing framework, bettors are restricted to separate VND 1 million wagers for each betting option, including match winner, final score, yellow/red cards and goalscorer markets.
Reasons for the Proposed Change
The Ministry of Finance argues that the update is justified by higher income levels in Vietnam since the original 2016 decree. With per capita income now about 1.8 times higher at approximately US$4,700 the ministry believes betting limits should reflect current economic conditions.
Additional Regulatory Measures
The draft decree also sets a minimum age of 21 for betting account holders to ensure better protection and compliance. All betting related financial transactions would need to be conducted via bank accounts linked to licensed bookmakers, enabling proper identity verification and regulatory oversight.
The plan would also relax advertising rules for gambling operators, allowing visible display of logos and promotional materials on websites, contrasting with earlier stricter restrictions.
Market Management
To maintain social order the Ministry suggests that only one enterprise be granted access to the market during the first five years after the decree takes effect. This controlled approach aims to reduce risks associated with open competition in football betting.
Broader Context
This move is part of wider regulatory reforms by the Ministry of Finance. Vietnam has recently eased conditions allowing local residents to gamble at land based casinos through pilot programs, such as ongoing betting at Corona Resort & Casino in Phu Quoc and a five year pilot at The Grand Ho Tram.
Balancing Regulation and Growth
The proposed changes to football betting limits align with Vietnam’s economic development and reflect efforts to modernize gambling regulations. By raising betting caps while enforcing stricter age and payment requirements, the government seeks to manage growth responsibly.
As the draft decree advances through formal channels, its impact on operators, bettors and regulators will become clearer. Vietnam’s focus on social order amid market liberalization highlights its goal of promoting a sustainable and responsible betting environment.
