Vietnam to expand legal football wagering, payment options

Vietnam plans to expand the product range of its proposed legal football betting market in a bid to convince local bettors that the state-approved operation won’t be a complete waste of time.

In 2017, Vietnam approved a plan for a five-year trial of legal wagering on horseracing, dog racing and football, with the latter limited to international matches overseen by global body FIFA. Since FIFA competitions only happen every couple years, this left serious gaps in Vietnam’s legal betting calendar, leading the government to propose adding other major football events in 2018.

This week, local media reported that the Ministry of Finance was once again considering adding more reliable football fixtures to its list of approved wagering options, including the English Premier League, Spain’s La Liga, Germany’s Bundesliga, Italy’s Serie A and UEFA Champions League action.

The government is also considering allowing punters to place bets over the phone and fund their wagering via e-wallets and prepaid phone cards. At present, the plan would allow bettors to wager only at betting terminals in retail outlets via direct bank transfers.