Proposal for international football betting up to 100 million VND/day

(Dan Tri) - VCCI proposed to raise the international football betting limit to a maximum of 100 million VND/person/day, or at least allow businesses to apply a limit of 10 million VND/person/day for each product.

The Vietnam Federation of Commerce and Industry (VCCI) has just issued a document providing comments on the Draft Decree replacing Decree 06/2017 on betting business on horse racing, dog racing and international football drafted by the Ministry of Finance .

VCCI said that raising the maximum bet from 1 million VND (according to Decree 06/2017) to 10 million VND in the Draft is positive, in line with changes in per capita income. However, according to feedback from businesses, this level is still low compared to reality.

"Enterprises proposed to consider raising the maximum betting level to 100 million VND/person/day or at least allowing businesses to apply the level of 10 million VND/day for each betting product, instead of limiting the total betting level per day," VCCI stated.

Raising the limit will create conditions for legal businesses to access high-spending customers, while increasing competition with the underground market. The State can apply management tools in parallel such as player identification, cash flow monitoring, risk warning to limit negative impacts...

Manchester United players play in the Premier League (Photo: Getty).

Regarding the ownership ratio limit, the total ownership of foreign investors currently does not exceed 49%. VCCI believes that this level is not enough to attract large capital, modern technology and international management experience. The difference between 49% and 50%, although small in number, has great significance in terms of control and investor psychology. VCCI recommends raising it to 50% to create a positive message about open-door policy and investment attraction.

Regarding State budget contributions, the minimum level for the average budget is 10% of ticket sales revenue after deducting prize payment costs, including special consumption tax (30%) and value added tax (10%).

According to feedback from businesses, this contribution level is too high and can reduce the competitiveness of businesses. In addition, calculating the total tax and budget contribution, businesses will have to pay more than 40%, which is too large, especially in the pilot phase when technology investment and operating costs are high.

VCCI proposed that the drafting agency reduce this contribution rate to 5% during the pilot phase to create conditions for businesses to survive and develop profits, while the State still has a stable source of revenue. When the market is more mature, the State can adjust the rate.

Source: https://dantri.com.vn/kinh-doanh/de-xuat-cho-dat-cuoc-bong-da-quoc-te-toi-da-100-trieu-dongngay-20251022012303676.htm