Vietnam iGaming Market 2025: Trends and Growth Insights

In the Asia-Pacific region, Vietnam is emerging as a lucrative market for online Gambling and Betting. With its growing economy, young population and widespread smartphone usage, Vietnam is becoming a major player in the iGaming space. The country’s unique culture and changing regulations also play a big role in its rising importance in the region.

Are you interested in entering this region? Let’s take a look at the key topics of the Vietnamese iGaming market, including current trends, growth projections and the regulatory landscape.

Overview of the iGaming Market in Vietnam

According to the data, the Vietnam online Gambling market is expected to grow at a compound annual growth rate (CAGR) of 10.8% from 2025 to 2033. This growth is expected because of expansion of high-speed internet connection as well as implementation of top technologies that provide more convenient user experience for gamblers.

In line with the TGM Research, 68% of citizens want to be able to bet on sports in real time. And this is one of the reasons why the industry is growing in Vietnam nowadays. For example, the most popular online Gambling activities are Live Casino, Baccarat, Blackjack, Poker and Slots while for online Betting people prefer football, horse racing and eSports.

More and more Gambling players use their mobile devices. With mobile penetration exceeding 70% and internet access expanding rapidly, more people can enjoy online gaming experiences. Improved internet speeds and the proliferation of affordable smartphones have made it easier for players to engage with iGaming platforms. As technology continues to evolve, it is likely to further enhance user experiences, driving even more growth in this vibrant market.

Legal Status of Gambling in Vietnam

Gambling in Vietnam is in a complicated situation, balancing tradition with modernization. While traditional laws ban most forms of iGaming for locals, recent developments show a trend towards liberalization to boost tourism and economy using this form of entertainment.

Currently, Vietnamese law restricts most Gambling and Betting activities. But the government has started to allow locals to participate in a regulated environment, especially in casinos and sports Betting. The Ministry of Finance and Ministry of Public Security oversee the framework, ensure compliance with national laws and enforce at local level.

Casinos and Sports Betting

Historically, casinos were allowed only for foreign tourists in Vietnam, but a pilot program launched in 2017 allows Vietnamese citizens to gamble in selected government-approved casinos, as long as they meet certain criteria — 21 years old, stable income and pay entrance fee. This is to evaluate the social and economic impact of local Gambling.

Sports Betting is also legalized for selected events, such as football and horse racing. But strict regulations apply, limit the amount bet to prevent excessive iGaming and only allow bets through state-licensed operators.

Online Gambling

Online Gambling is technically illegal, but many Vietnamese residents access offshore Gambling websites. The government tries to block these sites, but enforcement is often weak. They are wary of unregulated online gambling because of its threat to public order.

Ban on Casino-style and Card-based Games

According to iGB news, Vietnam has issued Decree 147 which bans casino-style and card-based games to protect players and mitigate negative social impacts. The decree prohibits the licensing of casino-style games and any games with card images. This is to minimize risk to players especially on gambling addiction and financial problems.

While the decree restricts some game types, it also simplifies the licensing process for online gaming services. Local Departments of Information and Communications will now certify different categories of online games so it’s easier to manage game titles.

The decree has specific measures to protect minors from excessive gaming. Players under 18 can only play one game session of 60 minutes and daily cap of 180 minutes. This is to promote healthier gaming habits among younger audiences.

Overall, Vietnam’s Gambling laws are evolving, with recent developments showing a trend towards a more open and regulated gambling environment.

Challenges and Risks

There are several challenges that gamblers and operators may come across in Vietnam. According to TGM research, people are still not involved in iGaming due to the following reasons:

Also, such reasons as regulatory ambiguity, illegal operators and social issues influence the industry in Vietnam.

1. Regulatory Ambiguity

Vietnam’s gambling laws are unclear and complex, especially for online gambling. While sports betting has pilot programs, the lack of guidelines hinders iGaming growth. Sudden policy changes or stricter enforcement of existing laws can shut down operations and scare off investors.

2. Illegal Operators

Unlicensed and offshore iGaming platforms are a big threat to the regulated market. They offer better odds, bonuses and anonymity and pull players away from licensed platforms. But they expose players to fraud, no dispute resolution and data breaches.

3. Social Issues

iGaming growth raises problem gambling and social issues in Vietnam. Cases of gambling addiction, financial problems and family issues related to gambling can damage the industry’s reputation. We need to address these issues through education and responsible gambling for the market to be sustainable.

Future Outlook and Projections

It’s difficult to predict the future of iGaming in Vietnam. Regulatory environment plays a crucial role but it’s expected that potential reforms to balance economic benefits and social concerns. By 2026, more forms of Gambling may be legalized or partially regulated, especially online Betting as the government wants to capture revenue from this growing sector.

What concerns opportunities for Investors and operators in Vietnam, the iGaming market still offers opportunities for both local and international stakeholders:

• Localized Platforms: Investors and operators who focus on Vietnamese players — through language support, culturally relevant games and local payment methods — will have competitive edge;
• eSports Expansion: Esports Betting is an untapped segment with huge growth potential. Operators who integrate eSports Betting into their platform will capture younger audience and ride the wave of competitive gaming in Vietnam;
• Blockchain and Cryptocurrency Adoption: Growing use of cryptocurrency for iGaming transactions offers opportunity for operators to cater to players who want secure and anonymous payment options;
• Partnership with Local Brands: Partner with Vietnamese businesses, such as telecom providers or local gaming communities to establish a strong presence in the market.

Top Gambling Websites in Vietnam 2025

In accordance with Semrush, stake.com is the best Gambling website in Vietnam with 732.78K visits per month. Melbet.com is second with 185.59K visits and 188bet.com is third with 95.89K visits.

The average bounce rate is 57.06%, 188bet.com has the highest bounce rate at 94.39% and pinnacle.com has the lowest bounce rate at 5.42%.

The List of Top iGaming Platforms in Vietnam