{"id":777013728,"date":"2024-03-06T10:12:13","date_gmt":"2024-03-06T13:12:13","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013728"},"modified":"2026-04-22T12:19:38","modified_gmt":"2026-04-22T15:19:38","slug":"vietnam-confirms-requirement-of-bidding-process-for-international-football-betting","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/vietnam-confirms-requirement-of-bidding-process-for-international-football-betting","title":{"rendered":"Vietnam confirms requirement of bidding process for international football betting"},"content":{"rendered":"\n<p>As previously announced, a bidding process will be used to select investors.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Vietnam.- A bidding process will be carried out to select investors for international football betting in Vietname. Decree 23\/2024 states that the process will meet the stipulations of the Bidding Law.\u00a0The decree also covers horse and dog racing. It echoes the regulations outlined in Decree 06, 2017.<\/p>\n\n\n\n<p>The government had already authorised an international football betting pilot with a bidding process. No ventures have been approved to date, but a lottery business mentioned plans to incorporate international football betting within its development strategy.<\/p>\n\n\n\n<p>In late 2021, the Ministry of Finance proposed revisions to Decree 06 to include betting on European national football championships and the purchase of betting tickets online. It also introduced the conditions of <strong>a minimum capital investment of VN$1tn<\/strong>, a 50 per cent  cap on foreign ownership, and a commitment to contribute a minimum of 5 per cent of betting revenue, excluding taxes, to the state budget. However,\u00a0<strong>the issuance of the new decree remains pending<\/strong>, posing challenges for regulatory authorities.\u00a0<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a href=\"https:\/\/focusgn.com\/asia-pacific\/vietnam-aims-for-17-18-million-tourists-in-2024\" target=\"_blank\" rel=\"noreferrer noopener\">Vietnam aims for 17-18 million tourists in 2024<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As previously announced, a bidding process will be used to select investors.<\/p>\n","protected":false},"author":176,"featured_media":10356,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Vietnam is formalizing a bidding process, governed by Decree 23\/2024 and the Bidding Law, to select investors for international football betting, horse, and dog racing. This initiative builds upon a previously authorized pilot and proposed revisions to Decree 06 (2017), which included significant capital requirements, foreign ownership caps, and state revenue contributions. The pending issuance of the new decree, however, presents ongoing regulatory challenges for market entry.","focusai_entities":"Ministry of Finance","focusai_location":"Vietnam","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.92), operator_casino (0.9), investor_analyst (0.96), supplier_vendor (0.85), journalist_researcher (0.93)","focusai_suggestions":[{"label":"Bidding Process Timeline?","query":"What is the projected timeline for the bidding process and the finalization of Decree 23\/2024, considering the stated regulatory challenges?"},{"label":"Foreign Ownership Impact?","query":"How will the 50% foreign ownership cap and VN$1tn minimum capital requirement influence the competitive landscape and the participation of tier-one international operators in Vietnam's iGaming market?"}],"footnotes":""},"categories":[154,158,16333],"tags":[23911,233],"class_list":["post-777013728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-news","category-slider-home","category-south-east-asia-news","tag-gambling-regulation","tag-sports-betting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777013728"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013728\/revisions"}],"predecessor-version":[{"id":777013742,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013728\/revisions\/777013742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10356"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}