{"id":8690,"date":"2024-03-06T00:00:00","date_gmt":"2024-03-06T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/"},"modified":"2024-03-06T00:00:00","modified_gmt":"2024-03-06T00:00:00","slug":"anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/","title":{"rendered":"Anyone who wants to offer legal bets must go through an auction process, Vietnamese government."},"content":{"rendered":"<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The Vietnamese government will require any parties interested in offering legal football betting to take part in a bidding process if they hope to be issued a license, local media reports.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">According to <\/span><\/span><em><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Hanoi Times<\/span><\/span><\/em><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">, the bidding process requirement forms part of a recently issued government decree, Decree 23\/2024, which states that potential investors in football betting must operate in accordance with the nation&rsquo;s Bidding Law.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\">Vietnam&rsquo;s stringent sports betting regulations have been blamed for&nbsp;<\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\">a rise in illegal football betting<\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\">&nbsp;in recent years, estimated at around US$10 billion annually.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">However, recent history suggests attracting such investors under the current system could prove difficult. In 2017, Decree 06 authorized the operation of a five-year pilot program under which selected companies would be able to offer football betting on UEFA-sanctioned leagues, however the requirements placed on investors &ndash; including a minimum charter capital of VND1 trillion (US$43.5 million) &ndash; ultimately failed to attract a single investor willing to test Vietnam&rsquo;s legal sports betting waters, and no such approval was ever issued.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">In response, the government in 2021 proposed amending Decree 06 to add more global football events to those that would become legal to bet on, including Europe&rsquo;s major leagues, the Champions League and Europa League, AFC Cup and Copa America. The amendment was also to allow for betting on matches in which Vietnam takes part, such as World Cup qualifiers, the Olympics, Asian Cup, AFC U-23 Championship and U-20 World Cup, but the amended decree was never issued.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vietnam\u2019s stringent sports betting regulations have been blamed for a rise in illegal football betting in recent years, estimated at around US$10 billion annually.<\/p>\n","protected":false},"author":1,"featured_media":8691,"menu_order":203,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4511,4510,2311],"class_list":{"0":"post-8690","1":"asia","2":"type-asia","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-illegal-football-betting","8":"tag-sports-betting-regulations","9":"tag-vietnam","10":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Anyone who wants to offer legal bets must go through an auction process, Vietnamese government. - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Anyone who wants to offer legal bets must go through an auction process, Vietnamese government. - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Vietnam\u2019s stringent sports betting regulations have been blamed for a rise in illegal football betting in recent years, estimated at around US$10 billion annually.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/\" \/>\n<meta property=\"og:site_name\" content=\"Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/06\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1121\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/\",\"name\":\"Anyone who wants to offer legal bets must go through an auction process, Vietnamese government. - Mundo Video Entertainment | Casino News in Latin America and the World\",\"isPartOf\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/06\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government.jpg\",\"datePublished\":\"2024-03-06T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/#primaryimage\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/06\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government.jpg\",\"contentUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/06\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government.jpg\",\"width\":1121,\"height\":800,\"caption\":\"Anyone who wants to offer legal bets must go through an auction process\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\/\/www.mundovideo.com.co\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asia News\",\"item\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Anyone who wants to offer legal bets must go through an auction process, Vietnamese government.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/\",\"name\":\"Mundo Video Entertainment | Casino News in Latin America and the World\",\"description\":\"Gambling news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.mundovideo.com.co\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Anyone who wants to offer legal bets must go through an auction process, Vietnamese government. - Mundo Video Entertainment | Casino News in Latin America and the World","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/","og_locale":"en_US","og_type":"article","og_title":"Anyone who wants to offer legal bets must go through an auction process, Vietnamese government. - Mundo Video Entertainment | Casino News in Latin America and the World","og_description":"Vietnam\u2019s stringent sports betting regulations have been blamed for a rise in illegal football betting in recent years, estimated at around US$10 billion annually.","og_url":"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/","og_site_name":"Mundo Video Entertainment | Casino News in Latin America and the World","og_image":[{"width":1121,"height":800,"url":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/06\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/","url":"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/","name":"Anyone who wants to offer legal bets must go through an auction process, Vietnamese government. - Mundo Video Entertainment | Casino News in Latin America and the World","isPartOf":{"@id":"https:\/\/www.mundovideo.com.co\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/#primaryimage"},"image":{"@id":"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/06\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government.jpg","datePublished":"2024-03-06T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/#primaryimage","url":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/06\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government.jpg","contentUrl":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/06\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government.jpg","width":1121,"height":800,"caption":"Anyone who wants to offer legal bets must go through an auction process"},{"@type":"BreadcrumbList","@id":"https:\/\/www.mundovideo.com.co\/en\/asia\/anyone-who-wants-to-offer-legal-bets-must-go-through-an-auction-process-vietnamese-government\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/www.mundovideo.com.co\/en\/"},{"@type":"ListItem","position":2,"name":"Asia News","item":"https:\/\/www.mundovideo.com.co\/en\/asia\/"},{"@type":"ListItem","position":3,"name":"Anyone who wants to offer legal bets must go through an auction process, Vietnamese government."}]},{"@type":"WebSite","@id":"https:\/\/www.mundovideo.com.co\/en\/#website","url":"https:\/\/www.mundovideo.com.co\/en\/","name":"Mundo Video Entertainment | Casino News in Latin America and the World","description":"Gambling news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.mundovideo.com.co\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/asia\/8690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/asia"}],"about":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/types\/asia"}],"author":[{"embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/comments?post=8690"}],"version-history":[{"count":0,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/asia\/8690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/media\/8691"}],"wp:attachment":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/media?parent=8690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/categories?post=8690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/tags?post=8690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}