Vietnamese Ministry could choose betting markets
A department of the Vietnamese government would select football matches that the public could gamble on under new proposals to partially legalise sports betting.
The Asian country’s Finance Ministry is seeking the government’s approval to allow betting through a bill that would set a wagering limit of VND1 million (US$45) per person per day.
The Thanh Nien Sunday newspaper said that the proposal would be submitted to the government before the end of this month.
The proposal would allow adults to bet on a range of international football matches that would be decided by the Ministry of Culture, Sports and Tourism. A bill that was originally drafted in 2010 also offered betting on domestic games.
Nguyen Hoang Hai, deputy chair of the Vietnam Association of Financial Investors, told the Thanh Nien Sunday edition that he is disappointed by the daily limit that has been put forward.
“No one will bet within the proposed limit of VND1 million a day. Or they will have others to bet for them,” he said.
“Betting should be either banned or legalised. But it should not be half allowed like this.”
Related article: Vietnam could open up gambling to citizens