The Ministry of Finance in Vietnam wants to vastly expand football betting within the country by allowing gamblers to get involved in other international tournaments, and not only FIFA matches.
Authorities in Vietnam are seeking to expand football betting with the help of legitimate gambling sites in the country such as w88 com through a replacement decree that would allow fans to game up to 27 international tournaments at once.
According to the present betting regulations, which were introduced in 2017, gamblers are only allowed to game international football matches and tournaments pass FIFA. The Ministry of Finance says that has not attracted lots of bookmakers as there are only a few official FIFA-run tournaments in recent years.
Its new proposal, however, would allow gamblers to game up to 27 competitions, including European leagues, the Uefa Championship and Champions League, the AFC Champions League and AFC Cup, and therefore the Copa America.
The new decree will, however, maintain a betting limit of VND10,000 per bet and VND1m per day and bettors will still must be aged 21 or over.
For economically qualified locals to gamble, Vietnam extends its permission
In June, the Ministry of Finance proposed an extension of the scheme that permits Vietnamese citizens to gamble at selected casinos until 2024. At this present day, Vietnamese citizens are only permitted to enter two casinos: one on the southern island of Phu Quoc and also the other is in Van Don, within the northern province of Quang Ninh.
The government has very tight restrictions on who can only enter the properties: including only those players that are aged over 21 and earn a minimum of VND$10m (US$430) a month. Also, players must even have no listing and no objections from their families.
The scheme was to be reviewed by next year, but the impact of the Covid-19 pandemic and lack of tourism in the country has led authorities to increase the permission on locals’ access to casinos until the year 2024. by the country’s prime minister is the proposal must be reviewed.
In March, casino operators asked the govt to expand Vietnamese citizens’ access to casinos in major tourist destinations like Quang Nam and Ba Ria-Vung Tau to assist casinos facing the loss of revenue from tourists as a result of the Covid-19 pandemic.
However, the govt has stated that this scheme will not be expanded to other casino operators.