On course betting was around this time available via the horse racing track in Ho Chi Minh City and then the greyhound track which opened in 2000.
In 2010 the government drafted a decree to formally legalise horse race betting in Vietnam and provide a criteria for businesses to invest and operate in this sector. Although this was generally approved, a committee asked for a study on the pros and cons of horse race betting, which was to include other forms of betting such as soccer.
Soccer betting is a sensitive subject in Vietnam and many fear it simply promotes crime, sports cheats and money laundering.
In 2015 the Ministry of Finance continued to work on a draft based on recommendations from these committees and the final draft was submitted to the government in December.
Te draft includes the following points:
l Companies will be allowed to pilot international football gambling for five years
l Betting companies are not allowed to use pictures or results from international horse and dog racing as a basis for a betting business in Vietnam
l Minimum age for betting will be 21 years.
l Betting companies and terminals must be located at least 500m from schools and children’s play areas.
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l Tere will be no more than three races a week in each location and minimum payout shall be 65 per cent of revenues from selling wagering tickets.
Oliver Massman, General Director at Duane Morris Vietnam said: “Te most updated content of the draft is not made public, but it seems that the government, as in the case of the casinos, will only allow sports betting in selected cities for five years. Tis is because the National Assembly is afraid of the negative impacts that the allowance of such activities might bring. At the same time it takes into account the fact
l Te decree will regulate the hours from which bets can be taken.
l Enterprises must have at least five years experience to be allowed to distribute betting tickets through phones or other telecommunications.
l Tere are no regulations for Internet ticket distribution
l Te draft decree for horse racing stipulates that operators can run horse racing once they receive an investment certificate which will see a minimum investment capital of VND1,000bn and the project must be put into operation within four years and VND300bn for dog racing.
l Te decree will permit locals to participate and limit the maximum bet to VND1m (US$45) a day with a minimum bet of VND1,000.
that many other countries have made these activities legal and there are many recent big cases where the Vietnamese are caught gambling on a large scale.”
Te history of betting in Vietnam begins with Horse racing, which officially began with the formation of the Saigon Horse Racing Association back in 1893 and was a sport dominated by the French military officers.
A racecourse was built in the city centre ,which was later replaced by a new track build in 1932 in Phu To district. At this time it was the first and only racetrack in Vietnam.
Te Phu To Racing Ground was founded by the French colonists during French Indochina and Phu To opened in 1932 as the country’s first and only horse racetrack.
After the Second World War racing resumed via local Vietnamese management and continued until Saigon was liberated in 1975. Combined with a socialist government, gambling was prohibited and racing became unlawful. In 1989 the racecourse was restored and came under the management of Sports and Gymnastics Office and races ran regularly every weekend.
In 2000 the Phu To Sports Club was established and in 2004 the Tien Ma Company Limited signed a seven year agreement to jointly manage the track. Phu To closed in 2011 when the licence wasn’t renewed.
Tere were around 150 horses often small farm raised horses and ponies rather than
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