Vietnam allows state-run lottery firm to operate int’l football betting

Vietnam had not yet licensed any enterprises to operate legal football betting business although its law stipulates that an enterprise can pilot international football bets through bidding. (US$1 = VND23,443) A survey by the UK’s leading sports betting company, Ladbrokes, showed that sales in the illegal betting market in Vietnam hit $3-4 billion in September 2007. Vietnam had not yet licensed any enterprises to operate legal football betting business although its law stipulates that an enterprise can pilot international football bets through bidding. (US$1 = VND23,443)A survey by the UK’s leading sports betting company, Ladbrokes, showed that sales in the illegal betting market in Vietnam hit $3-4 billion in September 2007. At the end of 2020, experts told a seminar that Vietnam’s football betting market has an annual turnover of up to $10-12 billion.