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- why 8xbet online betting platform is a very well-known in Vietnam ?Betting and gambling have a long history in Vietnam, dating back to ancient times. However, the modern history of betting in Vietnam is closely linked with the country's political and economic development in the 20th century. During the French colonial period, gambling was legal and widespread in Vietnam. After the country gained independence in 1954, the government initially maintained this stance, and many forms of gambling, including betting on horse racing and lottery games, were popular.