The new decree aims to replace the government's Decree 06/2017/ND-CP.

Per suggestion of the VAFIE and other bodies, including the Ministry of Public Security and the Vietnam Chamber of Commerce and Industry or VCCI, international football betting businesses must have a minimum charter capital of VND2,000 billion ($76 million). This figure was benchmarked in line with international models, such as Singapore, to ensure that only financially capable entities participate in the pilot program.

Furthermore, following suggestions from the VAFIE and VCCI, the ministry revised up the foreign ownership limit to 50% of the charter capital, from the original draft rule of 49%. This move aims to attract international investors, such as encouraging them to bring both capital and advanced management technology to Vietnam's betting industry.

Besides, the VAFIE suggested reducing the contribution of betting businesses to the state budget to 5% of their gross gaming revenue (GGR).

However, the ministry decided to completely remove the requirement for businesses to make additional state budget contributions beyond their standard tax obligations. This change aligns with the government's broader policy of simplifying investment conditions and fostering a more competitive market.

Vietnam’s betting market, both formal and informal, is estimated at 3-5% of GDP, according to a UK-based research firm.

VAFIE is the parent entity of www.theinvestor.vn and www.nhadautu.vn.