Is Horse Betting Legal in Vietnam
Is it legal to bet on Horse Racing in Vietnam?
Presently under Vietnam law, only owners of overseas passports are allowed to bet in the nation's casinos, although nationals are allowed to bet on horse and dog racing.
Reuters mentioned on July 10 that in spite of legal gambling for Vietnamese locals being constrained to the state lottery and dog and horse racing in some regions, there is a big restrained demand for betting products of all classifications in the country.
Between the start of the FIFA Globe Cup on June 12 and July 10, near the end of the competition, prohibited soccer betting procedures found by the authorities had actually dealt with a combined VND6.5 trillion (US$ 307 million), stated the state body set up to look into betting patterns.
Two-thirds of the country's fast-growing population of 90 million are under the age of 30, and it has a customer middle class that is anticipated to increase by 2020, based on a recent report by the Boston Consulting Group.
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