Best Online lotteries in Vietnam 2022

The Vietnamese economy is among Asia's third-world countries that are heavily dependent on foreign investments. Being a lower-middle-income nation, it doesn't allow private gambling. State-run lotteries are the only forms of betting allowed. The national lottery is divided into three branches which are supervised by the Ministry of Finance: Nothern, Southern, and Central lottery councils. In short, the lottery has been a long-standing activity for the Vietnamese.

Some have even made it a source of income because of the high unemployment rate in the country. Clearly, online lottery sites are fundamental to the lives of many people in Vietnam. There are dozens of online lottery websites serving Vietnamese customers, but each has a unique set of merits and demerits. As such, lottery experts have dedicated time to closely examine all options and come up with the best online lottery brands for anyone in Vietnam.

Best Online lotteries in Vietnam 2022
History of lotteries in Vietnam

The top recommended sites on this webpage have ongoing promotions. They are the perfect arenas to grab a Vietnamese lottery bonus like a free ticket, free lines, welcome package, and deposit bonus. When playing on the best lottery sites in Vietnam, punters should take advantage of the right promotions to increase their chances of winning.

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History of lotteries in Vietnam

History of lotteries in Vietnam

The traditional lottery in Vietnam first appeared in 1962 in Hanoi. Proceeds of lottery ticket sales were added to the public welfare fund to help with infrastructural development and other economic needs. Participating in this game was simple. Players simply bought pre-printed tickets bearing a 6-digit number. Whoever matched their number sequence with 2 to 6 numbers of the lottery results would emerge as a winner.

However, lotteries were outlawed in the 70s and 80s when the communist regime declared all forms of gambling inadmissible capitalist ventures. Despite the restriction, lottery games thrived through the country’s criminal underworld. So, the government had to step in to create a controlled environment. In the early 90s, political leaders revived one of the colonial racecourses in Ho Chi Minh City. Gamblers could place their stakes at the new greyhound stadium in Vung Tau.

The National Lottery was legalized in 1999. In 2011, the state monopoly was given the mandate to operate the lottery online in addition to Keno games. Meanwhile, fish fighting and cock fighting became popular among villagers. In urban areas the Bau Cua, a three-die game, had taken over in northern Vietnam.

Lottery Nowadays in Vietnam

The Vietnamese Lottery is like an indispensable traditional dish. It is common for residents to buy lotto tickets whilst having drinks or hanging out with friends. There are numerous lottery agents scattered across major cities and towns. At the moment, the Vietnamese lotto is conducted in three regions. Every day, alternate cities announce lottery prizes in each of the three regions.

The northern region is the capital and has six lottery stations that film 27 times and drawings are conducted daily at 6 pm. The central region boasts 14 stations and 18 turns with drawings happening at 5.15 pm every day. The southern region comprises 21 stations and performs 18 draws whose lottery results are announced at 4.10 pm every day.

History of lotteries in Vietnam
The Vietlott lottery

The Vietlott lottery

It is a special kind of lottery where participants choose lucky numbers from a dealer, point of sale, or a lottery station in Vietnam. It differs from the traditional lottery in that players can select lottery sheets featuring fixed numbers. Then the lottery machine chooses a computerized number and lets the player enter their desired lucky numbers.

Online lottery

With the technological revolution, new ways to play the lottery in Vietnam have emerged. Online lottery is also popular now that almost every Vietnamese owns a smart device. Besides long-time gamblers, even newcomers have started accessing the best lottery sites at a rapid pace. A reduction in the cost of smartphones has contributed to the growth of online lottery. Payment for online lotto tickets is getting easier by the day, so players can manage their bets and enjoy a myriad of benefits.

Future of lottery in Vietnam

Even though online gambling, including online lottery, faces some restrictions in Vietnam, there are mixed opinions regarding the industry. Since 1995, the legislators have held discussions to lessen the charges associated with illegal gambling. The penalties were clarified in 2009 and a similar dialogue followed in 2013. This time, the proposal to legalize local casinos was repressed immediately.

In June 2018, a bill that legalized sports betting was passed by the National Assembly. It was followed by another decree that allowed football, horse race, and greyhound betting. With the current influence from more developed nations like Singapore which has a well-regulated gambling sector, Vietnam’s lottery may transform economic welfare.

This will only be possible if the government agrees to enhance the online gambling infrastructure. Vietnamese citizens have stopped perceiving lotteries as a social evil. As more and more people are becoming interested in the lottery, the government may decide to legalize online lottos and leverage the revenue generated.

The Vietlott lottery
Lottery legislation in Vietnam

Lottery legislation in Vietnam

All forms of gambling are prohibited except the National Lottery, which is offered by a state monopoly. There are no documents stating the legitimacy of online lottery. Any Vietnamese person aged 21 years and above can play lotto games. The law also requires them to have a monthly income of over 10 million Vietnamese Dong, which is approximately 450 USD.

All lotto players must have a clean criminal record. In special instances, locals should seek permission from their families to play the lotto. Foreigners who want to play the Vietnamese lottery must pay 1 million VND to be allowed into a gambling house.

Lottery acts in Vietnam

The Vietnamese law number 03/2017/ND-CP is the point of reference for any form of gambling. It prohibits online lottery which is part of online gambling. No domestic lottery site has been licensed so far. The punishment for indulging in illegal lotteries is indicated in Articles 321 and 322 of the 2015 Criminal Code.

Illegitimate gambling operators may face a monetary fine of 20 million to 100 million VND or have all or some of their properties confiscated. The gambling regulations further stipulate that the following offenses can attract a jail term of 5 – 10 years:

  • Repeated gambling offense
  • Obtaining or losing illegal gambling prizes amounting to 50 million VND
  • Professional scams
  • The use of computer networks, electronics, internet, and telecommunication channels to cheat

Anyone who wins 50 million dongs through deceitful means will be charged 10 to 100 million dongs or face non-custodial imprisonment of 6 months to 3 years. The sentences are severe for impenitent offenders.

Lottery legislation in Vietnam
Vietnamese players’ favorite lottery games

Vietnamese players’ favorite lottery games

Vietnamese lottery is straightforward. Most games simply require players to choose lucky numbers and wait for the results. Among the most played games are as follows:

Quick Draw Game

It is locally known as Keno and draws a lot of gamblers. Quick Draw garners about 6% of the national lottery revenue. Lottery players prefer this because it has frequently occurring draws. The prize structures of this game are diverse. Participants pick their favorite numbers and deposit an amount they wish to bet with. Bettors hardly wait for the draws because they can sometimes happen within minutes of betting.

The Lotto Game

The most adored game in Vietnam Lottery is the Lotto Game. It accounts for 40% of the national lottery revenue. Due to its simplicity, both locals and tourists prefer it when purchasing lottery tickets.

In Lotto Game, the participants pick their numbers and the ultimate prize depends on the volume of the matching numbers. Since it’s a progressive jackpot-style game, the jackpot rolls over to the next drawing if no winner is found. It can hit billions of Vietnamese dongs in no time.

The Digits Lottery

It is a modern lottery game that contributes about 7% of the Vietnamese lottery revenue. Players pick any number from 0 to 9 and create a winning combination.

Vietnamese players’ favorite lottery games
Online lottery payment methods in Vietnam

Online lottery payment methods in Vietnam

Because the online lottery is prohibited in Vietnam, there are no legal ways to transact on web-based platforms. But international lottery sites accepting Vietnamese players provide global payment options that are simple, safe, and secure. In this regard, popular credit and debit cards like MasterCard and Visa are commonly used.

Other great alternatives are electronic wallets including Paypal. ecoPayz, Neteller, and Skrill. A few sites based in neighboring countries may accept local payments solutions like ZaloPay, AirPay, Payoo, Viettel Pay, Moca, and MoMo.

For convenience, most Vietnamese players open foreign lottery accounts with major currencies, e.g., USD, GBP, and EUR, and a Vietnam address. The most friendly websites allow them to deposit in Vietnamese Dong via bank wire. Certain banks like the DongA Bank, Savombank, Vietcombank, and Asia Commercial Bank are more suitable for lottery payments. When transacting in USD and other global currencies, a currency conversion fee may apply.

Online lottery payment methods in Vietnam
FAQs

FAQs

Do online lotteries offer bonuses?

Yes. Bookies accepting players from Vietnam provide various bonuses. They provide extra cash for players to buy tickets and add on to their prize pot. Occasionally, the best online lottery sites run free ticket sales for loyal punters.

How will a lottery player know they’ve won?

After taking part in a lottery online, players can check results on their own at the official website. Or they can wait for notifications that are sent directly into their inboxes. The email notification is usually automatic. It is also possible to find out who has won immediately by subscribing to free SMS and instant lottery alerts.

Do some lottery sites restrict Viet people?

Very few lottery sites block customers from Vietnam. Punters can bet on virtually any foreign lotto game.

How do lotto players get their winnings?

Anyone who plays the lottery online should have an account where they can access their funds. Each lottery site offers various withdrawal methods. Often, a player should withdraw winnings with the same method they used for depositing.

Do lotto players in Vietnam pay income tax?

No. the winnings are not taxable, so bettors keep all the earnings.

FAQs