Best Vietnam Betting Sites

Vietnam, officially referred to as the Socialist Republic of Vietnam is located in Southeast Asia. Locals are pretty passionate about football, cycling, badminton and cricket. As for their relationship with gambling, Since 2017, bettors can legally participate in several activities such as the lottery, casinos and sports betting. Nonetheless, the new legislation refers to the land-based sector, which means that it is practically a grey area when talking about online.

There is no designated authority to oversee the situation or give licenses to local operators. As a result, players who wish to find the best bookmaker in Vietnam need to search for well-established ones outside their country. This is not a significant issue as there is no record of any legal action taken by the government towards bettors who play offshore.

Best Sports Betting Sites in Vietnam

Since you've been reading this review; we firmly believe that you've been looking for the best Vietnam betting sites. In the below shortlist, we selected 3 operators with really attractive odds and a vast market variety, including the Vietnamese V.League 1 games and transactions in the local currency VND.

Bet in Vietnam - 5 Things to Know

• 1
  The legal gambling age in Vietnam is 21 years old
• 2
  Yearly gambling revenue in Vietnam is estimated at $3.400.000 million
• 3
  There are currently 8 legal land-based casinos in Vietnam
• 4
  There is a prohibition towards online gambling, but players don't face prosecutions
• 5
  Betting winnings are not subject to tax

General info

⏩Population: 96.200.000

⏩Active players: 24.000.000

⏩Currency: Vietnamese Dong (VND)

⏩Regulated gambling products: Sports betting, casino games, horse racing, greyhound racing, lottery

⏩Operator types: Land-based casinos and betting shops, Non-licensed online bookmakers and casinos

⏩Designated authority: No designated gambling authority

⏩Status: Semi-regulated

Sports Betting in Vietnam: The Gambling Framework

Gambling in Vietnam had been deemed illegal for many centuries. Frankly, until the late 20th century, the only legal gambling form was the national lottery. The government had been trying to battle illegal dens for many years, and for those who wanted to bet, Vietnam wasn't exactly paradise.

Eventually, officials decided to legalize games of chance by passing a decree in 2017; which included betting on football games, horse races and greyhound racing. On June 14, 2018, the parliament's National Assembly passed the final bill that legalized sports betting, together with casinos.

Here comes the tricky part, though, as the new regulation brings a few obstacles. When talking about sports betting, Vietnam citizens are only allowed to play provided they are 21 and above. Apart from that, they need to have permission from their family to enter these establishments and show a monthly income that exceeds 10 million Dong per month.

If this is not enough, there is also a minimum betting limit set at 1,000 Dong and a maximum of 1 million Dong per day. Naturally, most active Vietnamese players prefer international bookmakers that widely accept them.

The main reason is that there are no absurd limitations; they can register from 18 years old, and they face no real threat of fines or prosecution by the federal government.

Essential Information for Vietnamese Bettors

During your search to find your top Asian bookies, Vietnam grey market can work on your behalf. Sure, international operators accepting Vietnamese haven't obtained a domestic license. However, those supervised by reputable gambling authorities such as UKGC or MGA are considered more than safe.

The good thing is that local forces or ISPs use no means to block access to these sites. As a result, many scam operators try to catch your attention without the proper validation. So, you need to pay close attention as not every operator is legit. If you select wisely, except for getting your winnings in no time, you'll also avoid paying taxes on them.

Vietnam Sports Betting: Deposits & Withdrawals

Here we have some excellent news for you, as the top Vietnam betting sites come with a wide range of payment options to top up your account. Choose from debit/credit cards, bank transfers, e-wallets, vouchers, mobile payments or cryptos.

About 85% of players mainly prefer 2 local methods: VTC Pay, a Vietnamese payment provider, and MoMo (Mobile Money), a mobile app connected to your bank account. The following most used payments are e-wallets like Skrill, PayPal, Neteller, Ewire, WebMoney, Ezypay and ecoPayz.

Last but not least, players also can make transactions and play with cryptos, among others, on several Bitcoin, Litecoin, or Ethereum bookmakers; which is always a great option if you want to preserve your anonymity.

Gambling policies Neighbouring Jurisdictions

For online bettors, understanding gambling regulations in nearby countries is essential. No matter how close a country is, there will always be differences you can exploit to your advantage. Let's see some of the most noteworthy: 

⏩ Laos: Apart from the state lottery, all other types of gambling are illegal for locals. Nonetheless, a lot of tourists visit the country and play in land-based casinos, while a large number of Laos betting sites operate in the country with minimal supervision.  

⏩ Malaysia: Despite the authorities' attempts to limit the availability of local sportsbooks, a multitude of international Malaysia bookmakers exist that warmly welcome registrations. They even offer their services in the local language and currency.

⏩ Singapore: After the enactment of the Remote Gambling Act in 2014, the gambling scene in Singapore is now comprehensively regulated. Users have the freedom to join any Singapore bookies they prefer, be it local establishments or international platforms.

The Future of Betting Online in Vietnam

As a nation that only recently began enjoying selected forms of gambling; it is not very likely that we will witness any new regulation changes. Vietnam's sports betting landscape will remain intact, and players will have 2 options, to put their money on local betting shops that come with the limitations mentioned above and international bookmakers.

The government doesn't plan to change its attitude towards these sites, and this is not necessarily bad, as you'll keep benefiting from a non-taxable product with the best odds and abundant markets to place your bets.