Proposal to Retain Provincial Lottery Companies in Vietnam’s Mekong Delta
On May 25, Lu Quang Ngoi, Chairman of the People’s Committee of Vinh Long province, announced that three provinces: Vinh Long, Tra Vinh, and Ben Tre, have proposed to retain their respective lottery companies following a merger. The decision is now pending review by the Steering Committee for the Arrangement of Administrative Units at the Provincial Level.
Street lottery ticket sellers in the Mekong Delta region
According to the financial report of Vinh Long Lottery One-Member Limited Liability Company (referred to as Vinh Long Lottery Company), in 2024, the company’s revenue exceeded VND 5,894.8 billion, with a profit after tax of over VND 683.1 billion.
In the past year, the business operations of Tra Vinh Lottery Company continued to remain stable and maintained a growth trajectory. Ticket sales revenue reached nearly VND 6,620 billion, with a sales ratio of 99.999%. Pre-tax profit stood at VND 812 billion, representing 118.5% of the plan set by the Provincial People’s Committee. The company contributed over VND 2,347 billion to the state budget, surpassing the target by 134.7%.
Ben Tre Lottery Company, in 2024, recorded traditional lottery ticket sales of VND 6,580 billion, with estimated sales of VND 6,579 billion. The estimated payout for prizes was VND 3,179 billion. For the self-selected lottery, sales were estimated at VND 52 billion, with an estimated payout of VND 35 billion.
In 2024, Ben Tre Lottery Company contributed an estimated VND 2,439 billion to the state budget. In addition to its business activities, the company actively engaged in social welfare programs, contributing approximately VND 32 billion to the community.
The Steering Committee for the Construction of the Proposal to Merge Bac Lieu and Ca Mau provinces has also recommended retaining the two local lottery companies post-merger.
In 2024, Ca Mau Lottery Company recorded issuance volume of over VND 6,570; ticket sales revenue before tax reached VND 5,221 billion. Tax and actual contributions to the state budget amounted to VND 2,204 billion, with social welfare spending exceeding VND 9 billion.
Similarly, Bac Lieu Lottery Company’s total revenue in 2024 surpassed VND 5,980 billion. According to the company’s business and investment plan for 2025, Bac Lieu Lottery Company aims for a revenue of VND 6,771 billion, pre-tax profit of VND 894 billion, and state budget contribution of VND 2,270 billion.
Sharing their perspective with reporters, many street lottery ticket sellers in Ca Mau and Bac Lieu expressed their hope that the lottery companies would be retained, not only to provide them with a source of income but also to contribute to the development of their hometowns.
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