From late March, Vietnam will legalise betting on horse and greyhound races as well as international soccer matches.

From March 31, citizens will be allowed to place face-to-face bets with stat8e-sanctioned bookmakers.

The minimum bet value is the equivalent of 6 Australian cents, while the daily maximum limit is the equivalent of $57 dollars.

The announcement legalising sports betting was made on Friday and follows a recent decision to allow certain Vietnamese locals into the country’s casinos.

Gambling outside of state-owned lotteries has long been banned in Vietnam.

But it’s believed the latest decisions are an effort to curb widespread black market gambling.

– TiVi Tuan-san