for early access to the latest igaming videos!
and get the latest igaming news first!
A call for reform echoes through Vietnam’s betting industry.
The Vietnam Chamber of Commerce and Industry (VCCI) has urged the government to raise the daily betting limit for football and horse racing to VND100m (US$3,800) per player, a tenfold increase from the draft proposal of VND10m.
The recommendation comes as part of the VCCI’s response to a new draft decree that would replace Decree No. 06/2017 and introduce a five-year pilot scheme for international football betting under a single licensed operator.
Push for competitive and regulated betting
VCCI believes that higher limits are essential to curb illegal gambling markets.
In its submission, the chamber argued that the existing cap of VND1m (US$38) per day, and even the proposed VND10m, is too low to attract serious bettors. It said that a VND100m limit would help legal operators compete with unregulated platforms that currently dominate the market.
To balance growth with protection, the VCCI proposed that operators adopt robust player identification, financial monitoring, and risk alert systems to prevent misuse and promote responsible gambling.
Rethinking advertising and taxes
The chamber is also calling for more flexibility in advertising and taxation.
The VCCI suggested that betting companies should be allowed to advertise on digital platforms such as social media, search engines, and mobile apps, noting that restrictive advertising policies only drive players toward illegal websites.
On the fiscal side, the organisation raised concerns over the draft’s requirement for a 10% contribution to the central government budget, which comes in addition to a 30% special consumption tax and 10% VAT. Together, these obligations would mean operators pay over 40% of gross gaming revenue (GGR), a level the VCCI says would make the legal sector uncompetitive.
Instead, it recommended a 5% contribution during the pilot phase, allowing the market to develop before the government gradually increases rates.
A call for balance between growth and responsibility
VCCI’s proposal reflects Vietnam’s wider struggle to modernise its gambling framework while maintaining social safeguards.
The chamber’s document noted,
“This is a reasonable level that allows businesses enough margin to survive and grow, while still ensuring state revenue. Once the market matures, the government can adjust contribution rates gradually. This flexible policy would encourage serious, long-term investment rather than short-term profit-seeking.”
The coming months will determine whether policymakers accept these proposals, a decision that could shape Vietnam’s path toward a safer, more competitive betting industry.
Will the government choose growth through reform, or caution through control?
Source: Focus Gaming News
