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KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED

Active

Business ID 1700110137

84-297 / 3871000 / 3863664

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED

Active

Business ID 1700110137

84-297 / 3871000 / 3863664

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED

Active

Summary

Name:

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED

Business ID (TIN):

1700110137

Date of Registration:

30 Dec 2009

Registered Office:

Kien Giang Department of Planning and Investment

Address:

No. 94, 3/2 Street, Vinh Bao Ward, Rach Gia City, Kien Giang Province, Vietnam

Phone:

84-297 / 3871000 / 3863664

Fax:

(84-297) 3869638

Financial Statement:

2018, 2019, 2021, 2022, 2023

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED: A Profitable State-Owned Legal Gambling Operation with Tight Equity Control

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH MỘT THÀNH VIÊN XỔ SỐ KIẾN THIẾT KIÊN GIANG), registered under Tax Code (TIN): 1700110137, is a state-owned enterprise operating under the ownership of the People’s Committee of Kien Giang Province. Established on December 30, 2009, this company is based in Rach Gia City, and is one of the many provincial lottery businesses functioning legally as a form of regulated gambling in Vietnam.

As a monopoly lottery operator in Kien Giang, the company is led by Director Tran Minh Khoa, with 250 employees, and has gradually scaled its operations over the past 15 years.

Financial Highlights: Strong Profits, But Equity Stagnation Signals Political Constraints

In 2023, KIEN GIANG LOTTERY reported a strong financial year:

Revenue reached USD 210.86 million, up 13.13% year-over-year.
Profit rose to USD 24.19 million, marking a 12.51% increase from 2022.
Total assets climbed to USD 72.65 million, up 17.47%, reflecting investment capacity.
Working capital stood at USD 38.07 million, showing robust liquidity.

However, despite these strong operational results, owner's equity has not moved since 2021, stuck at USD 30.53 million. This is an unusual pattern for a consistently profitable entity, suggesting that profits are either entirely distributed to the provincial budget or not reinvested for growth. This signals tight governmental financial control, which limits strategic flexibility.

Moreover, the company’s charter capital is listed as USD 30.81 million, but paid-up capital as of 2020 was USD 41.08 million—a rare discrepancy that merits clarification and might reflect outdated or inconsistent reporting.

Strategic and Operational Risks

While legal and regionally protected, KIEN GIANG LOTTERY remains vulnerable to changing government policies and social shifts in attitudes toward gambling. As Vietnam increases digital oversight and competition via regional lotteries or online platforms, traditional paper-based models may face disruption.

Additionally, diversification into unrelated areas such as printing, real estate, and tourism services introduces complexity without clear evidence of returns. These peripheral businesses may divert management's focus or pose compliance risks.

Conclusion

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED is a highly profitable but structurally inflexible government-backed gambling business. While safe for short-term financial performance, its lack of equity movement, limited reinvestment, and expanding operational scope pose strategic risks. Any partnership or investment should carefully consider these constraints.

For independent financial assessments and regional comparisons of Vietnam's provincial lottery businesses, consult VANGUARD BUSINESS INFORMATION LLC (VBI)—your trusted source for verified due diligence and risk analysis.

Legal Profile

English Name:

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH MỘT THÀNH VIÊN XỔ SỐ KIẾN THIẾT KIÊN GIANG

Short Name:

CONG TY XO SO KIEN THIET KIEN GIANG

Business ID (TIN):

1700110137

Date of Registration:

30 Dec 2009

Registered Office:

Kien Giang Department of Planning and Investment

Ownership Status:

State-owned

Operation Status:

Active

Contacts

Key Decision Makers:

+ TRAN M.K

+ NGUYEN N.H

+ LAM T.D

+ TRAN D.T.M.L

Address:

No. 94, 3/2 Street, Vinh Bao Ward, Rach Gia City, Kien Giang Province, Vietnam

Phone:

84-297 / 3871000 / 3863664

Fax:

(84-297) 3869638

Business Sector

Key business lines:

VSIC:

9200 Lottery, betting and gambling activities

NACE:

92.00 Gambling and betting activities

NAICS:

7132 Gambling Industries

Industry Sales Growth

CAGR (2019 - 2023)

19.73%

YoY (2023)

22.00%

Companies by industry

Company distribution and propportions

329

0.0113%

Key Industry Players

Top 10 companies in lottery, betting and gambling activities industry

ho chi minh city lottery company limited (translated name) tay ninh lottery one member limited liability company (translated name) tien giang lottery one member limited liability company dong nai lottery and general services company limited (translated name) kien giang lottery one member company limited (translated name) lam dong lottery one member company limited ben tre lottery one member company limited dong thap lottery one member company limited (translated name) tra vinh province lottery one member company limited (translated name) binh thuan province lottery one member company limited

Payment History

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Financial Performance

Assets	89.33%
Owner’s Equity	89.36%
Working Capital	-73.06%
Net Worth	-90.98%
Sales	-0.94%
Operating income	1.22%
EBIT	13.71%
Gross Profit Margin	87.01%
Debt to EBITDA	43.61%

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Specific Questions About KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED

When did KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED start operating?

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED was started in 30 Dec 2009

What industry does KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED operate in?

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED is operating in "Lottery, betting and gambling activities" industry

How can I contact KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED?

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED phone numbers is 84-297 / 3871000 / 3863664

What adverse news is there about KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED?

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED’s has no negative news

What is stock symbol of KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED?

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED is not listed company

Where is the location of KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED?

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED is located at No. 94, 3/2 Street, Vinh Bao Ward, Rach Gia City, Kien Giang Province, Vietnam

What is KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED’s business registration?

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED business registration is 1700110137

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KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED: A Profitable State-Owned Legal Gambling Operation with Tight Equity Control

Financial Highlights: Strong Profits, But Equity Stagnation Signals Political Constraints

Strategic and Operational Risks

Conclusion

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KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED

KIEN GIANG LOTTERY ONE MEMBER COMPANY LIMITED: A Profitable State-Owned Legal Gambling Operation with Tight Equity Control

Financial Highlights: Strong Profits, But Equity Stagnation Signals Political Constraints

Strategic and Operational Risks

Conclusion

Company Profile Report

Company Standard Report

Comprehensive Report

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