Vietnamese gamblers will soon be allowed to place bets on international soccer competitions under a pilot project.
Under the decree signed by Prime Minister Nguyen Xuan Phuc that takes effect by the end of March, Vietnamese over 21 years of age will be allowed to place bets of up to USD44 a day, with a minimum bet of 44 cents.
The government will allow only one company to do this business during the five-year trial period and that company must have an investment capital of at least 1 trillion dong ($44 million).
After the five-year period, the government will decide whether to continue the arrangement. The decree also allows betting on local horse and dog races.
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