BA RIA - VUNG TAU LOTTERY COMPANY LIMITED

BA RIA - VUNG TAU LOTTERY COMPANY LIMITED (CÔNG TY TNHH MỘT THÀNH VIÊN XỔ SỐ KIẾN THIẾT TỈNH BÀ RỊA - VŨNG TÀU) is a fully state-owned enterprise established on March 3, 2009, and registered with the Ba Ria - Vung Tau Department of Planning and Investment under Business ID and Tax Code 3500101650. Operating as a one-member limited liability company, the firm is headquartered at No. 05 Thong Nhat Street, Ward 1, Vung Tau City. It plays a key role in the province’s public revenue system through its licensed lottery business.

In line with Vietnam’s policy to regulate and promote provincial lottery operations as a legitimate source of government income, BA RIA - VUNG TAU LOTTERY COMPANY LIMITED has delivered strong and consistent financial performance. In 2023, the company reported USD 205.82 million in sales, representing an 11.08% increase from the previous year. Net profit reached USD 26.54 million, marking an 18.74% increase, while total assets expanded to USD 48.74 million, reflecting robust financial health and efficient capital deployment.

Under the leadership of Chairwoman cum Director Duong Minh Tu, the company has shown steady growth in profit and asset base over multiple fiscal years. Despite a minor drop in working capital by 8.52%, the company remains well-capitalized with a fully paid-up charter capital of USD 25.06 million and stable equity levels. This financial resilience is critical in a sector where state-owned lottery firms must operate transparently, fund public programs, and maintain public trust.

Vietnam’s legal lottery industry—unlike illegal gambling—is tightly regulated by provincial governments. Nearly every province runs its own lottery entity to channel revenues into education, healthcare, and infrastructure. BA RIA - VUNG TAU LOTTERY COMPANY LIMITED fits this model, demonstrating how provincial lottery systems are not only viable but essential to decentralized state budgeting.

For those interested in business dealings, partnerships, or financial evaluations involving BA RIA - VUNG TAU LOTTERY COMPANY LIMITED, we recommend accessing in-depth risk profiles and financial reviews through Vanguard Business Information LLC (VBI). Our credit reporting team provides verified insights and transparency on Vietnam’s state-owned lottery companies, supporting strategic and informed decision-making.