Vietnam Gambling Market (2023-2029) | Industry, Size, Growth, Revenue, Share, Segmentation, Trends, Value, Analysis, Outlook & COVID-19 IMPACT

Market Forecast By Product Type (Betting, Casino, Lottery, Others), By Channel Type (Offline, Online, Virtual Reality VR), By Platform (Land-Based, Online), And Competitive Landscape

Product Code: ETC014690 Publication Date: Oct 2020 Updated Date: Apr 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Topics Covered in the Vietnam Gambling Market

The Vietnam Gambling Market report thoroughly covers the market by product type, by channel type, and by platform. The Gambling Market Outlook report provides an unbiased and detailed analysis of the ongoing Gambling Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Vietnam Gambling Market Synopsis

Vietnam Gambling Market is projected to secure exponential growth in the coming years owing to increasing growth of the population. A high tourist influx in the country is leading to a widening market scope in the country owing to most of the tourists visiting from places where gambling is considered a legal activity. Gambling is illegal in the country which is the major restraint for market growth in country. However, the market consists a huge potential with growth factors including, the rising popularity of online gambling in the country, seeing the legalization of sports betting, and the establishment of new casinos in the country. All these factors expect a rise in the Vietnam Gambling Market revenue.

According to 6Wresearch, the Vietnam Gambling Market size is estimated to gain traction in the coming years during 2023-2029. The market growth is driven by the Vietnamese government has not released any legal framework for legal gambling in Vietnam except for some activities such as state-run lotteries and horse racing. Many illegal gambling casinos are operating in the country, catering to both local and international visitors. Online gambling and sports betting have huge potential in the country, currently, these activities are illegal in the country. Nevertheless, with the growing tourism visits in the country, these activities can be considered as high profit-generating activities which will result in widening the double-digit Vietnam Gambling Market share in the upcoming years.

COVID-19 Impact on the Vietnam Gambling Market

The impact of COVID-19 on the Vietnam Gambling Market was mixed owing to the closure of physical casinos and betting shops in the country, while the online gambling industry had seen a surge during COVID-19 for entertainment purpose. To prevent the virus spread, the Vietnamese government imposed strict measures including social distancing and lockdowns, which led to a decline in the gambling industry. Hence this affected the Vietnam gambling market growth during COVID-19.

Key Players in the Vietnam Gambling Market

  • Vietlott
  • Saigon Lottery
  • The Grand Ho Tram Strip
  • Sun Group
  • VinaCapital
  • Donaco International Limited

Market Analysis by Product Type

According to Shivanakar, Research Manager, 6wresearch, sports betting has been experiencing major growth in the country with the legalization of sports betting, and the wide establishment of licensed betting shops and online gambling. 

Market Analysis by Channel Type

Based on this, the online channel is the growing segment in the country owing to the increasing legalization of online sports betting, and lotteries. Also, the government was forced to shut down physical gambling stores, as it is illegal in the country.

Market Analysis by Platform

Based on this, the online platform is gaining traction in the country owing to a restriction on gambling physical stores, hence, shifting the population towards online gambling and sport betting activities.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022.
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Vietnam Gambling Market Outlook
  • Market Size of Vietnam Gambling Market, 2022
  • Forecast of Vietnam Gambling Market, 2029
  • Historical Data and Forecast of Vietnam Gambling Revenues & Volume for the Period 2019 - 2029
  • Vietnam Gambling Market Trend Evolution
  • Vietnam Gambling Market Drivers and Challenges
  • Vietnam Gambling Price Trends
  • Vietnam Gambling Porter's Five Forces
  • Vietnam Gambling Industry Life Cycle
  • Historical Data and Forecast of Vietnam Gambling Market Revenues & Volume By Product Type for the Period 2019 - 2029
  • Historical Data and Forecast of Vietnam Gambling Market Revenues & Volume By Betting for the Period 2019 - 2029
  • Historical Data and Forecast of Vietnam Gambling Market Revenues & Volume By Casino for the Period 2019 - 2029
  • Historical Data and Forecast of Vietnam Gambling Market Revenues & Volume By Lottery for the Period 2019 - 2029
  • Historical Data and Forecast of Vietnam Gambling Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Vietnam Gambling Market Revenues & Volume By Channel Type for the Period 2019 - 2029
  • Historical Data and Forecast of Vietnam Gambling Market Revenues & Volume By Offline for the Period 2019 - 2029
  • Historical Data and Forecast of Vietnam Gambling Market Revenues & Volume By Online for the Period 2019 - 2029
  • Historical Data and Forecast of Vietnam Gambling Market Revenues & Volume By Virtual Reality VR for the Period 2019 - 2029
  • Historical Data and Forecast of Vietnam Gambling Market Revenues & Volume By Platform for the Period 2019 - 2029
  • Historical Data and Forecast of Vietnam Gambling Market Revenues & Volume By Land-Based for the Period 2019 - 2029
  • Historical Data and Forecast of Vietnam Gambling Market Revenues & Volume By Online for the Period 2019 - 2029
  • Vietnam Gambling Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Channel Type
  • Market Opportunity Assessment By Platform
  • Vietnam Gambling Top Companies Market Share
  • Vietnam Gambling Competitive Benchmarking By Technical and Operational Parameters
  • Vietnam Gambling Company Profiles
  • Vietnam Gambling Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

  • Betting
  • Casino
  • Lottery
  • Others

By Channel Type

  • Offline
  • Online
  • Virtual Reality VR

By Platform

  • Land-Based
  • Online
Vietnam Gambling Market: FAQs
Rising online gambling and the legalization of sports betting are the factors proliferating the Vietnam Gambling Market.
Gambling is illegal in the country which limits the Vietnam Gambling Market growth.
The growing young population coupled with the growing tourism influx in the country are acting as opportunities in the Vietnam Gambling Market.
The closure of physical stores in the country had affected the gambling market in the country, although, online betting was still on, hence the impact of COVID-19 was mixed.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Vietnam Gambling Market Overview
3.1 Vietnam Country Macro Economic Indicators
3.2 Vietnam Gambling Market Revenues & Volume, 2022 & 2029F
3.3 Vietnam Gambling Market - Industry Life Cycle
3.4 Vietnam Gambling Market - Porter's Five Forces
3.5 Vietnam Gambling Market Revenues & Volume Share, By Product Type, 2022 & 2029F
3.6 Vietnam Gambling Market Revenues & Volume Share, By Channel Type, 2022 & 2029F
3.7 Vietnam Gambling Market Revenues & Volume Share, By Platform, 2022 & 2029F
4 Vietnam Gambling Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Vietnam Gambling Market Trends
6 Vietnam Gambling Market, By Types
6.1 Vietnam Gambling Market, By Product Type
6.1.1 Overview and Analysis
6.1.2 Vietnam Gambling Market Revenues & Volume, By Product Type, 2019 - 2029F
6.1.3 Vietnam Gambling Market Revenues & Volume, By Betting, 2019 - 2029F
6.1.4 Vietnam Gambling Market Revenues & Volume, By Casino, 2019 - 2029F
6.1.5 Vietnam Gambling Market Revenues & Volume, By Lottery, 2019 - 2029F
6.1.6 Vietnam Gambling Market Revenues & Volume, By Others, 2019 - 2029F
6.2 Vietnam Gambling Market, By Channel Type
6.2.1 Overview and Analysis
6.2.2 Vietnam Gambling Market Revenues & Volume, By Offline, 2019 - 2029F
6.2.3 Vietnam Gambling Market Revenues & Volume, By Online, 2019 - 2029F
6.2.4 Vietnam Gambling Market Revenues & Volume, By Virtual Reality VR, 2019 - 2029F
6.3 Vietnam Gambling Market, By Platform
6.3.1 Overview and Analysis
6.3.2 Vietnam Gambling Market Revenues & Volume, By Land-Based, 2019 - 2029F
6.3.3 Vietnam Gambling Market Revenues & Volume, By Online, 2019 - 2029F
7 Vietnam Gambling Market Import-Export Trade Statistics
7.1 Vietnam Gambling Market Export to Major Countries
7.2 Vietnam Gambling Market Imports from Major Countries
8 Vietnam Gambling Market Key Performance Indicators
9 Vietnam Gambling Market - Opportunity Assessment
9.1 Vietnam Gambling Market Opportunity Assessment, By Product Type, 2022 & 2029F
9.2 Vietnam Gambling Market Opportunity Assessment, By Channel Type, 2022 & 2029F
9.3 Vietnam Gambling Market Opportunity Assessment, By Platform, 2022 & 2029F
10 Vietnam Gambling Market - Competitive Landscape
10.1 Vietnam Gambling Market Revenue Share, By Companies, 2022
10.2 Vietnam Gambling Market Competitive Benchmarking, By Operating and Technical Parameters
11 Company Profiles
12 Recommendations
13 Disclaimer
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