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Best Betting Sites in VietnamBest Betting Sites in Vietnam

Steven D. Thompson

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Join the best sports betting sites in Vietnam and enjoy access to exciting gambling opportunities. With sports betting being legal in Vietnam, bettors have access to a regulated market that provides an incredible opportunity to place bets on various sports. You can simply find online betting sites with top-notch features and start wagering. Join us as we take a deep dive into the Vietnam betting industry and give you an overview of the online sports betting market so you can find the best Vietnam betting sites for your next adventure.

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BetOnline
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Pros
  • Instant deposits and withdrawals with cryptocurrencies
  • Different types of sports betting bonuses
  • Betting markets for the most popular sports
Cons
  • Payment method restrictions
  • Player restrictions in some countries
  • Withdrawal charges

Odds Margin: 92%

Extra Features: Bonuses, Tournaments, Casino, Live Streaming, VIP Programme

Payment Methods: American Express, Bank Transfer, Bitcoin, Dogecoin, Ethereum, Litecoin, MasterCard, Person to Person, Ripple, Solana, Tether, Visa

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Jackbit
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7.5/10

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  • Easy to navigate
  • Cryptocurrencies supported
  • High maximum cashout
Cons
  • No mobile application
  • Promo offers could be better

Odds Margin: 92%

Extra Features: Bonuses, Tournaments, Casino, Cash Out Func., VIP Programme

Payment Methods: Bitcoin, Dash, Dogecoin, Ethereum, Litecoin, MasterCard, Monero, Ripple, Solana, Tether, Visa

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  • The sign-up offer gives you bonus funds on your first three deposits.
  • Wide range of bonuses for existing customers.
  • Many pre-match betting markets to choose from.
Cons
  • You can make only one withdrawal request in seven days.
  • No mobile betting app.
  • No live streaming.

Odds Margin: 93%

Extra Features: Tournaments, Casino, VIP Programme

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Splendid

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Pros
  • The loyalty program gives enticing rewards to regular bettors.
  • Cryptocurrency transactions offer various perks.
  • 24/7 phone, email, and live chat support.
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  • Small withdrawal fee.
  • No live streaming.
  • There could be more betting markets.

Odds Margin: 95%

Extra Features: Bonuses, Tournaments, Cash Out Func., Live Streaming, Odds Boost, VIP Programme

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  • Multiple bonus offers for newbies and existing players
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  • Easy to navigate betting site
  • Android app available
Cons
  • Mobile app not available for iOS users

Odds Margin: 92%

Extra Features: Bonuses, Tournaments, Casino, Live Streaming, Odds Boost

Payment Methods: Bitcoin, Dogecoin, Ethereum, Litecoin, MasterCard, Person to Person, Ripple, Solana, Tether, Visa

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Table of Contents

    Sports Betting Regulation in Vietnam

    Vietnam hasn't always been open to online gambling activities, including sports betting. For many years, there has been a battle to create a regulated and legalized market for online betting. Fortunately, it has proved fruitful for Vietnamese bettors, given the 2017 decree by the National Assembly. Vietnam still has a long way to go regarding the sports betting industry, but it has a bright future. To get started with a suitable sports betting site in Vietnam, it helps to understand the Vietnam online sports betting regulations. That way, you'll know what it entails and can remain on the good side of the law.

    History of Gambling in Vietnam

    Gambling has been around in Vietnam as early as the 1st Century AD, showing that the Vietnamese have a deep-rooted history in the game. Popular games such as Xoc Dia and Bia Cao were enjoyed throughout the royal courts. As the world advanced, so did the gambling industry in Vietnam.

    The French Colonization from the late 19th century to the early 20th century brought its own influence to the country. It led to the introduction of Western gambling forms and games, including slot machines and roulette. Casinos and gambling dens became widespread during this era. So De was particularly popular during this period, although it was illegal. After the colonial era came the post-independence and communist ban. After its independence from French colonization in 1945, the Vietnamese communist government outlawed many gambling forms.

    The communist ban presented a huge blockade on the gambling industry, despite the Western world enjoying a massive boom. However, after many years of reforms and deliberation, the country began to soften its stance on gambling, especially with many tourists visiting the country. Betting platforms became legalized for foreign visitors in designated areas with limitations to Vietnamese citizens' participation. The continuous softening of the ban eventually led to the legalization of certain gambling forms, including sports betting, for citizens and foreigners.

    Licenses, Legalization, and Regulation in Vietnam

    It has been a long time coming, but Vietnam eventually became open to various gambling forms, especially when it comes to betting on sports. With sports betting being legal in the country, the best online betting sites can easily provide gambling access to Vietnamese bettors. As a result, there is access to the exciting incentives online betting sites offer. Players simply need to find suitable online bookmakers to join and ensure they are legal sports betting sites with access to operate in the country. Keep reading to learn more about sports betting licenses, legalization, and regulations top Vietnam betting sites must follow.

    Legalization

    • The 2017 decree legalized a 5-year pilot program for betting on international football, greyhound racing, and horse races, although the 2018 implementation of the decree didn't come with specifications. As a result, it left room for ambiguity, which created loopholes for online sports betting sites.
    • Although the legalization was a good development, it was met with many challenges that hindered full implementation. One of these hindrances was the high capital requirements. As a result, there are not many locally-operated legal and licensed Vietnamese sports betting sites. So, it has been difficult to have a solid gambling ecosystem.

    Licenses

    • Obtaining a license in Vietnam for betting websites is challenging because there is a massive charter capital requirement. It costs about VND 1 trillion, which is about $44.2 million for operators who want to provide horse racing and football betting to Vietnamese punters. Additionally, it costs about VND 300 billion, approx. $13.2 million to obtain a license for greyhound racing operators.
    • Because of these high thresholds, licenses have been limited to state-owned establishments, effectively making it difficult for the Vietnam sports betting industry to grow even with the current online betting legal status. Also, these licenses do not cover offering betting opportunities on many popular sports like basketball and tennis.

    Regulation

    • In Vietnam, the Ministry of Finance regulates and oversees the pilot program and is endowed with the power to regulate sports betting activities and grant licenses. Operators who want to go through the right channels and have a legal sports betting hold in Vietnam must do so through the Ministry of Finance.
    • The current regulation imposes age restrictions, bet amount limits, and technical requirements operators must fulfill. The regulators also aim to prevent money laundering and curb illegal gambling activities to ensure players are protected from scams and fraudulent betting platforms in the country.

    Sports Betting Tax Laws

    Given that there are still complexities and uncertainties in the gambling laws in Vietnam, the tax laws also come with intricacies. As a result, current tax laws are subject to changes or redefinitions depending on what comes after the pilot program. There are currently three tax laws that concern betting online in Vietnam.

    • Corporate Income Tax: Any operator with a license to operate in the country is subject to a standard 20% corporate income tax rate. In this case, it is only applied to profits after the operational expenses are deducted. This tax is only applicable to operators and betting firms with a gambling license in the country. So, bettors don't have to worry about it.
    • Value Added Tax: Although this tax is not directly deducted from betting expenses or winnings, it can still be indirectly related to betting activities in Vietnam. VAT is applicable to the purchase of goods and services. Therefore, any goods or services you pay for with your betting winnings are subjected to VAT, which is currently set at 8%, following an initial reduction in July 2023.
    • Personal Income Tax: Sports betting winnings on legal betting sites in Vietnam are subject to a personal income tax. The current rate for Vietnam's personal income tax is 10%. So, your sports betting winnings are subject to this tax rate. Note that this could change in the future if new gambling laws are passed in the country.

    Future Projections

    The gambling sector in Vietnam is still rough around the edges. There are still many complexities and ambiguities to address. The good thing is that there is a continuous push to have a more regulated betting sector in the country. As of now, Vietnamese punters can continue to get the best experience from top betting sites licensed outside the country. Fortunately, there are no laws prosecuting players for betting on foreign sites. We continue to look forward to what comes next after the pilot legalization program. In our opinion, the future looks good for the Vietnam betting sector.

    How to Pick the Best Vietnamese Bookmaker

    If you want to enjoy placing bets on top-notch sports markets, you must take the time to find the best online sports betting apps and sites. Picking the best sports betting site can be tricky, especially if you're a newbie who doesn't know much about online gambling sites in general. But not to worry, we've taken the time to provide a special guide that will let you identify top sports betting sites and allow you to bet online without hassle. So, keep reading to learn more about picking the best bookmaker site in Vietnam.

    • Estimated Time Needed: 10:00
    • Tools Needed: Account
    • Supplies Needed: Time, Money
    License, Safety, and Security Step 1

    License, Safety, and Security

    Before you pick a betting site to join and start placing qualifying bets, you must check if it is secure. Many online sportsbooks have security measures that protect user data and information from hackers. So, ensure you check if these measures are in place. In addition to security and safety, you should check if there is a valid license that makes the site trustworthy. Even if you're exploring new betting sites, you should still check whether they have a proper license from top jurisdictions to show that you will get a smooth and fair gambling experience when you become a member.

    Payment Methods List Step 2

    Payment Methods List

    Choosing the right payment method can help a great deal, but it is only good if you choose a betting site with top-notch payment methods. For instance, if you want to only try debit card deposits, but the site you selected doesn't feature credit/debit cards, your only option is to find an alternative. So, it won't be a smooth experience for you if you join that site. You should also consider local payment methods if you want to pick a suitable site for your next gambling adventure. Take the time to explore the different payment options available to see if they are worthwhile. Ensure you pick a site that has methods suitable for players in the Southeast Asia region.

    Betting Features and Sports Coverage Step 3

    Betting Features and Sports Coverage

    As betting shops provide access to numerous betting opportunities, the online betting site you want to join must also offer these opportunities. In that case, you should vet the sports coverage to know what sports you can bet on. Check for esports betting, football betting, horse racing betting, etc. You should also pay attention to the features, including but not limited to spread betting, live streaming, in-play betting, bet credits, mobile sports betting, etc. The more features the betting site has, the more points you should award to them. That way, you can rest assured that you'll enjoy a top-notch betting experience.

    Read Reviews from BetPack Step 4

    Read Reviews from BetPack

    Experts in the community provide guidance regularly to ensure that players have access to the best experience and can identify top betting sites. BetPack is one of those experts you can trust to help you navigate the complex terrain of the Vietnamese betting markets. So, you can check out our recommended betting sites for Vietnamese players to pick a suitable site. Read through each one's reviews and decide on the platform you want to join. Follow the steps to register, deposit money, and claim the welcome bonus offer or free bet bonus available. With that, you can start sports betting in Vietnam on your favourite sports without stress.

    Free Bets & Betting Offers in Vietnam

    Betting Sites Free Bets / Betting Offers

    OhMyZino

    100% up to €200

    Crypto Bet Sports

    100% up to €300

    Freshbet

    100% up to £500

    Weltbet

    350% up to €3,500

    How We Compare and Rank Betting Sites in Vietnam

    1

    License & Safety

    Whenever we are ranking and comparing betting sites in Vietnam, we take the time to check if they are safe for players to join. We do this by checking the security measures that are in place, starting with the SSL encryption technique. With that said, we know it is a suitable betting site where Vietnamese players can join and where they can place a qualifying bet once they complete the registration and deposit process. In addition, we check if the site has a license from any top regulatory body since it is difficult to get one from the regulatory body in Vietnam, given the high licensing fees.

    2

    Welcome Bonus

    We also look at the site promotions page, starting with the welcome bonuses. We do this by checking if there is a welcome bonus package for newbies who have recently completed the registration process and have met the conditions. We compare welcome bonuses to know what betting sites have the most quality offers and rank them based on our findings, together with other factors we consider. In this case, we check the welcome bonus terms and conditions to ensure that they're not too stringent for players to complete. So, we spend enough time checking the wagering requirements and other conditions before ranking the sites.

    3

    Promotions & Other Incentives

    Betting site promotions are also essential, regardless of whether you're engaging in desktop or mobile betting. In this case, we look at the various quality bonuses available at the site and compare them with other betting sites. Then, we rank the ones with the better offers higher than others. Promotions and other incentives available at betting sites are essential to your overall betting experience because they offer a little extra and ensure your gambling experience is smooth. So, we ensure that when we list a betting site, it has quality bonuses and promotions that active players can enjoy in addition to the welcome bonus.

    4

    Odds & Value

    Top betting sites offer competitive odds. If you want to get the best experience, you must ensure that the site you join has top-notch odds. In that case, we check the minimum odds to know whether they are up to the standard average whenever we compare the sites. The odds and values for a betting site are essential to our tests. So, we take them seriously and ensure that only sites with high odds get featured on our list. With that, whenever you start sports betting in Vietnam, you can rest assured that you'll have access to sites with high odds and values.

    Popular Payment Methods for Vietnamese Betting Sites

    There are different payment methods Vietnamese players can use for their gambling journey. Finding the right one might be a bit tricky, but it is a worthwhile endeavor if you want to enjoy a smooth betting experience. To help you find the right payment options you can use for your next betting adventure at Vietnamese betting sites, we've highlighted a few options below. Check them out and get started today.

    E-Wallets

    You can try your luck with various e-wallet options in the country. For a fast and reliable transaction experience, you should consider this payment method. E-wallets are easy to use once you understand the service and know the terms and conditions. Individual e-wallet service has unique features you might want to explore. So, ensure you check each one before proceeding. We've highlighted some popular e-wallet payment methods below. Check them out to see which one is suitable enough for your next adventure.

    • MoMo: This payment method is a leading e-wallet service provider you can use to complete seamless transactions in Vietnam. MoMo is a big name in the Vietnamese financial technology space, boasting over 30 million users, and is among the top names featured in various sports betting sites' payment method lists. So you might want to consider it for your next journey.
    • ZaloPay: This is another popular e-wallet payment option you can use at various Vietnam sports betting platforms. It is a convenient and secure banking method that provides exciting features to ensure you enjoy seamless transactions. ZaloPay is popular in Vietnam and has a good working system perfect for those who want to enjoy easy transactions on betting sites.
    • ViettelPay: You can also try your luck with ViettelPay, an e-wallet option that is backed by one of the largest telecom providers in the country. ViettelPay is a reliable payment method that provides players with access to reliable and secure systems for transactions on various betting platforms. Use this payment option at various betting sites to enjoy fast and secure deposits.

    Bank Transfers and Online Payment Gateways

    Another set of payment options you can explore includes bank transfers and online payment gateways. These banking options provide high-end security for players and ensure you enjoy safe transactions. You can consider these options for your betting experience, but you should know that some of these payment methods aren't available for withdrawals. So, you should take note of them before proceeding. That way, you can know what to expect and can plan accordingly. Below are some popular bank transfer and online payment gateway options you can consider in Vietnam.

    • Direct Bank Transfers: At many betting sites in the country, players can use the direct bank transfer option. With this payment option, you simply need to send money from your bank to the betting site's account. Once the transaction is successful, you'll receive the money in your betting account. With bank transfers, you can deposit and withdraw money at most betting sites.
    • Internet Banking: You can also consider the convenience of online/internet banking, where you can log into your bank account and complete transactions. It is secure and reliable because there is no need for third-party services before you can get the job done. Once you have all the details you need, you can complete the transactions and start your betting adventure with ease.
    • Credit/Debit Cards: You can make credit/debit card deposits at several Vietnamese betting platforms. These sites usually allow players to deposit using Visa or Mastercard. So, if you have any of these payment methods, you can use them to fund your account. But you must keep in mind that this option is usually not suitable for withdrawals. So, you'll always need an alternative.

    Cryptocurrencies

    Vietnam is open to the convenience and excitement of the crypto world, and as a result, punters can take full advantage of the growing industry. If you want to enjoy your betting journey, we advise that you consider crypto as your preferred payment method. It is a perfect banking method, especially for those who want to try their luck on offshore betting sites. Crypto provides fast and convenient banking options to players, allowing them to enjoy a seamless experience whether they want to deposit or withdraw money.

    • Bitcoin: Among cryptocurrencies, Bitcoin is the most popular option you can consider. It is the first crypto and has since maintained its high standards with many altcoins built on its legacy. Although its market value has become high, making it an expensive project to invest in, it has many benefits, including using it to deposit and withdraw at various betting sites.
    • Altcoins: If you don't want to consider Bitcoin because it is expensive, you should try your luck with altcoins. They are cheaper to invest in and are popular among betting sites. Simply find a suitable option and start using it to deposit and withdraw. A few good options include Doge, Tron, Litecoin, Ethereum, and Cardano. Choose a suitable option and start using it to place bets.
    • Stable Coins: If you don't want to get into the frenzy of the crypto market or worry about its volatile nature, you can always consider stablecoins. These coins are pegged to real-world currencies. So, you can always consider them for investments. Their value doesn't fluctuate. Therefore, you won't lose your original investment. Some good options to consider include USDT, BUSD, TrueUSD, DAI, etc.

    Best Vietnamese Betting Sites for Sports

    Betting Site Sports

    Roobet

    Best for Football

    Betiton

    Best for Badminton

    BetOBet

    Best for Basketball

    Most Trusted Betting Sites in Vietnam

    Betting Site License

    Slotimo

    Curacao

    Betcoco

    Curacao

    Everygame

    Curacao

    Megapari

    Curacao

    QuickWin

    Curacao

    There are many betting sites you can consider in Vietnam, but finding a trusted option to join is tricky. It helps if you have a guide to help you find suitable options. To help you with this, we've highlighted some top betting sites with trustworthy reputations in the table above. You can check them out and pick the one that best fits your betting preferences. Ensure you compare the sites to see which one is better. Once you pick a suitable option, you can proceed to create an account, deposit funds, and start placing bets. Don't forget to claim the welcome bonus as well.

    Conclusion

    The betting ecosystem in Vietnam is tricky, but it has grown compared to before. The rollout of the trial program for the legalization of betting sites has changed a lot in the country. The betting market is now open to Vietnamese players, and they can enjoy gambling without fear of prosecution. The only problem is that there aren't many locally-operated licensed betting sites in Vietnam. So, it is up to the players to find suitable betting sites outside the country. Fortunately, we've taken the time to find some incredible options on the internet to ensure that players have access to suitable betting sites for their next gambling journey. Check out our list to get started with betting in Vietnam.

    Frequently Asked Questions

    Do Vietnamese Bookmakers Have Good Odds?

    Many bookmakers that Vietnamese punters can join have good odds. You just have to take the time to find a suitable option.

    Which Sports Can I Bet on in Vietnam?

    You can bet on Football and horse racing. If you're betting on sites licensed outside the country, you can bet on the most popular sports.

    Are there any Taxes for Vietnamese Bettors on Betting Winnings?

    Yes, betting winnings in Vietnam are subjected to the 10% personal income tax.

    Are there any Betting Restrictions on Vietnamese Betting Sites?

    Betting sites can only provide football betting opportunities, and players must be 21 or older to place bets online.

    Is Sports Betting Legal in Vietnam?

    Yes, sports betting is currently legal in Vietnam.

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