Vietnam: Can a person aged 28 participate in betting on horse racing?

1. Can a person aged 28 participate in betting on horse racing in Vietnam?

Under Clause 1, Clause 2, Article 7 of Decree 06/2017/ND-CP regulating bettors in Vietnam:

Bettors

1. Bettors shall be at least 21 year olds and have fully legal capacity as prescribed by law.

2. Persons not allowed to place bets:

a) Persons not satisfying the requirement specified in clause 1 of this Article;

b) Managers, directors and employees of bet-organizing enterprises and their parents, spouses and children must not place bets through the enterprises they work for;

c) Members of the Race surveillance councils of horse races or greyhound races and their parents, spouses and children must not place bets on the races which are under their surveillance;

d) Jockeys, players, referees and their parent, spouse and children must not place bets on races and soccer matches and tournaments that they participate or control;

dd) Persons whose parents, spouses or children who have fully legal capacity or who themselves request the bet-organizing enterprise to prevent them from placing bets;

e) Persons who are liable to criminal prosecution or have incurred penalties which have not been expunged; persons who are incurring the measure of education at reform schools or rehabilitation centers.

Thus, bettors shall be at least 21 year olds and have fully legal capacity as prescribed by law, and must not fall under any of the ineligible categories mentioned above. Therefore, you who are aged 18 are eligible to participate in betting on horse racing in Vietnam.

2. What are the rights of horse racing bettors in Vietnam?

According to Clause 3, Article 7 of Decree 06/2017/ND-CP:

3. Bettors shall have the following rights:

a) Get their wins certified and fully paid out by bet-organizing enterprises according to the announced betting rules;

b) Any bettor being a foreigner or a Vietnamese overseas citizen who wins a bet may buy foreign currencies at a bank which is eligible for foreign exchange transactions to transfer such money abroad according to law on foreign exchange control;

c) Have lawful rights arising from the placement of bets and the confidentiality of personal winning information protected by law;

d) File complaints against the enterprises or denunciations of prize payout results and cheatings and violations committed by the organizing enterprises and relevant entities;

dd) Enjoy other lawful benefits prescribed in laws and the announced betting rules.

Horse racing bettors have the rights stipulated above.

Sincerely!