Gambling regulation
Gambling in the country:
Forbidden
Local License:
-
Population growth:
Internet users:
Urbanization:
Urbanization - 39.5%
Languages in the country:
Age structure:
Middle age:
Literacy:
Real GDP:
Real GDP growth:
GDP per capita:
Top payment systems
Слоты по доли рынка
Affiliates receiving traffic
More about gambling regulation
Currently, iGaming is banned in the country. The only legal forms of gambling for residents of Vietnam are lotteries (conducted by Vietnamese lottery company Vietlott), betting on dog racing and betting on certain sporting events.
However, land-based casinos are allowed, but effectively only for foreigners.
The gambling sector is regulated by the country's Ministry of Finance and Ministry of Public Security.
About blocking and liability
High
Legislation:
Often severe restrictions/limitations on advertising
The activity of the authorities:
High
Risk of harassment of non-residents:
Medium
The risk in entering the country:
Medium
Risk of extradition to the country:
Low
Precedents (against non-residents):
None/single
Comment on the level of risk:
Vietnam: Markets with high regulatory activity; avoid without local license. Risk of extradition to the country is low, inquiries are rare.
Blask.com data - index and top brands
Indicates the aggregate level of engagement and interest in all brands in a country. This indicator serves as a barometer for the iGaming industry and combines various indicators to give an overview of trends and changes in the market.
Top brands in the country according to the Blask.com service
| 789bet | 9.35% |
| SunWin | 8.78% |
| New88 | 8.74% |
| 78win | 8.54% |
| 188BET | 5.44% |
*BAP (Brand's Accumulated Power) - accumulated brand power, reflects the brand's share of consumer interest in the online gambling market. The relative presence of a brand in a country. The BAP graph is presented below:
Data for the section is provided by the analytical service Blask.com.. At the moment, the service's database contains information on more than 80+ countries and more than 2500 brands.
Gambling in the country
The population of the country is over 100 million. About 70% of the country's residents are between the ages of 15 and 60. The average age is 30 years.
4 million people are still illiterate (cannot read and write). At the same time, the literacy rate among young people (15-24 years old) is 98%.
Also, by 2030, 50% of the population is projected to live in urban areas, and by the end of 2069, this figure will be 64.8%.
Religion: most Vietnamese practice folk beliefs, worshipping nature spirits, gods, sacred trees.
In addition, the «cult of ancestors» (a mixture of Mahayana Buddhism and ancient traditions) is widespread here, so many Vietnamese houses have altars in honor of deceased relatives.
Buddhism is the second most popular religion in the country, practiced by about 16%, about 8% are Christians and Catholics, 30% are atheists.
Major cities: Hanoi (capital), Ho Chi Minh City, Da Nang, Hai Phong, Can Tho.
Currency: Dong (VND). 100 VND = $0.0040.
The minimum wage is about $200 per month and the average wage is about $500 per month. The unemployment rate in Vietnam is about 8%.
The overall multidimensional poverty rate (citizens earning less than $1.9 per day) in 2023 showed just over 2.9%, the cashless rate in poor neighborhoods was 33%.
The interests of the family come first for every Vietnamese.
The population of the country is very patriotic. Even uneducated people can easily name the most significant dates for the country, names of rulers and cultural figures. Vietnamese attach special importance to emotionality, hospitality and empathy.
There is no sense of personal space in Vietnam: it is normal to snuggle up in transportation, look at your phone, etc. It is also common for people to be unpunctual: being late or not arriving at a meeting without warning is normal.
The word «no» is considered very offensive here, so many Vietnamese do not keep promises.
In September 2023, the number of Internet users reached 78 million and the number of mobile access subscribers rose to 86.6 million, an increase of 38%.
Popular Web Applications: Zalo (WhatsApp analog), Facebook, Youtube, TikTok, Instagram.
Slots, blackjack, baccarat, poker and live games are popular in Vietnam.
Vietnamese are very enthusiastic about betting on sports (soccer, basketball, futsal - a variation of five-on-five indoor soccer, Australian soccer), including betting on horse racing, dog racing, cockfighting.
Back in 2019, the authorities launched a pilot project that gave citizens the opportunity to play legally at the Phu Quoc land-based casino. Initially, the project was designed only for tourists.
It was planned that the program would end in early 2022. But it was decided to extend the period until the end of 2024. Probably, the revenue from local residents influenced such a move by the authorities. From 2019 to 2023, the casino attracted 62% locals and 38% foreign nationals.
The popularity of gambling among the Vietnamese population is confirmed not only by the statistics of visits to land-based casinos, but also by the increase in arrests of criminal gangs in the country engaged in illegal gambling activities.
Vietnamese law enforcement agencies recently arrested 12 people who oversaw an illegal online casino with 30 offices across the country and more than a thousand players from various Asian countries. About $72 thousand in cash was seized from the detainees, as well as jewelry, laptops, tablets and weapons.
Gambling regulation
Gambling in the country:
Forbidden
Local License:
-
About the population of the country
Official Language:
Vietnamese
Believers:
34 %
Second Religion:
Basic information about the country
Name of country:
Vietnam
Code (2-digit):
VN
Continent:
Asia
Capital:
Hanoi
Area of the country:
329,560 square kilometers.
Phone Code:
84
Currency (currency code):
Dong (VND)
Geographical features of the country
City of central subordination (5): Da Nang, Can Tho, Hai Phong, Hanoi, Ho Chi Minh City.
Province (49): An Giang, Bac Giang, Bac Lieu, Bac Ninh, Baria-Vungtau, Ben Tre, Binh Dinh, Binh Thuang, Vinh Long, Vinh Phuc, Daclac, Dong Nai, Dong Thap, Dien Bien, Zialai, Yen Bai, Camau, Kontum, Quang Binh, Quang Nam, Quang Ngai, Quang Ninh, Quang Ninh, Quang Chi, Khanh Hoa, Kienjiang, Lam Dong, Lang Son, Laocai, Longgang, Nam Dinh, Ngheang, Ninh Binh, Ninh Thuang, Tuen Quang, Thai Binh, Thaingguyen, Thanh Hoa, Thiathien-Hue, Tienjiang, Phuyen, Phut Ho, Hai Ziong, Khanam, Hatinh, Hoa Binh, Huang Hien, Chavinh, Shok Chang, Sonla.
The modern territory of the country was partially or fully occupied by the following states: Wanlang, Aulak, Namviet, Baphnom, Tiampa (Champa), Wu, Jin Empire, Liu Song, Tang Empire, Kambujadesha (Khmer Empire), Siam, Lansang, Japanese Empire.
Vietnam is washed by seas: South China Sea.
Vietnam has access to lakes: Hothakba.
There are rivers running through the area: Mekong, Hongkha, Da, Ca, Ma, Lo, Tu, Tien, Cau, Saigon, Bassac, Nansihe, Cong, Huong.
Vietnam owns the islands: Phu Quoc, Catba, Pulo Condor.
Famous caves in the country: Hang Khe-Ri, Nguom Pac-Bo.
Discussions on country characteristics
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