(Gulf Times)

Vietnam Urges Betting Investors to Comply with Trading Laws

In Vietnam, investors in football betting are now required to adhere to trading laws, with new government regulations stipulating that operators seeking to provide legal betting services must participate in a tender process.

Analysts at the Hanoi Times suggest that this decree may pose challenges in attracting investors to the Vietnamese market. Previous regulations have struggled to make the Vietnamese betting market appealing for investment.

The Vietnamese authorities had initiated a five-year pilot program for betting on events within UEFA. However, the decree mandated that companies must have a minimum registered capital of 1 million dong, proving unattractive to potential investors. In 2021, an amendment to expand the regulations to include football competitions was proposed but was never adopted.

6 March 2024, 17:00

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