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LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED

Active

Business ID 5800000230

84-263 / 3822 111

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED

Active

Business ID 5800000230

84-263 / 3822 111

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED

Active

Summary

Name:

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED

Business ID (TIN):

5800000230

Date of Registration:

16 Aug 2005

Registered Office:

Lam Dong Department of Planning and Investment

Address:

No. 4 - 6 Ho Tung Mau, Ward 3, Da Lat City, Lam Dong Province, Vietnam

Phone:

84-263 / 3822 111

Fax:

(84-263) 3821 934

Financial Statement:

2019, 2021, 2022, 2023, 2024

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH MỘT THÀNH VIÊN XỔ SỐ KIẾN THIẾT LÂM ĐỒNG) is a long-standing state-run enterprise based in Da Lat City, Lam Dong Province, operating under Tax Code (TIN): 5800000230. Established on August 16, 2005, the company is wholly owned by the Office of the Delegation of the National Assembly Deputies, People’s Council, and People’s Committee of Lam Dong Province, making it a fully state-controlled, legal gambling entity.

The company is chaired by Mr. Nguyen Duc Viet, with Mr. Vu Dinh Tuan serving as Director. With only 103 employees, it manages lottery operations across southern Vietnam, including representative offices in Ho Chi Minh Cityand Can Tho.

Financial Highlights: Outstanding Profit Growth, But Frozen Equity

In 2023, LAM DONG LOTTERY reached a peak in financial performance:

Revenue climbed to USD 209.48 million, up 17.87% year-over-year.
Net profit surged to USD 26.31 million, marking a 28.47% increase.
Total assets reached USD 62.94 million, a 32.72% growth from 2022.
Working capital amounted to USD 11.25 million, ensuring short-term solvency.

Despite these impressive figures, a major limitation persists: owner’s equity has remained unchanged at USD 11.5 million for three consecutive years. This strongly suggests that all profits are being transferred to the state budget, leaving no retained earnings for reinvestment, innovation, or modernization.

Operational Risks and Strategic Constraints

LAM DONG LOTTERY, like most state-owned lottery companies in Vietnam, operates in a tightly regulated monopoly environment. While this grants it protection, it also introduces several risks:

Equity stagnation prevents long-term investment in digital platforms, potentially making the company obsolete if Vietnam opens the market to modern online or app-based lotteries.
The firm’s sole reliance on lottery services—without diversification or meaningful innovation—makes it vulnerable to policy shifts or public sentiment against gambling.
The government ownership structure, while providing stability, also limits operational flexibility and slows decision-making. Profits are directed toward public finance, not corporate growth.

Furthermore, the company's paid-up capital exactly equals its charter capital, with no signs of capital increase despite massive profit surges—again reflecting state budget-first priorities rather than long-term commercial strategy.

Final Assessment

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED is a textbook case of a profitable but constrained state-owned enterprise. While its strong earnings performance benefits provincial coffers, the lack of reinvestment and innovation places it at risk in the medium to long term—particularly as global trends shift toward digital lottery experiences.

For a detailed comparison across Vietnam's lottery operators or to assess fiscal contributions vs. business sustainability, consult VANGUARD BUSINESS INFORMATION LLC (VBI)—Vietnam’s most trusted business risk intelligence provider.

Legal Profile

English Name:

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH MỘT THÀNH VIÊN XỔ SỐ KIẾN THIẾT LÂM ĐỒNG

Business ID (TIN):

5800000230

Date of Registration:

16 Aug 2005

Registered Office:

Lam Dong Department of Planning and Investment

Ownership Status:

State-owned

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN D.V

+ VU D.T

+ DO D.H

+ TRAN T.D.T

Address:

No. 4 - 6 Ho Tung Mau, Ward 3, Da Lat City, Lam Dong Province, Vietnam

Phone:

84-263 / 3822 111

Fax:

(84-263) 3821 934

Representative office:

No. 242D, Nguyen Dinh Chieu Street, Ward 6, District 3, Ho Chi Minh City, Vietnam

Representative office:

No. 85, Vo Van Tan Street, Tan An Ward, Ninh Kieu District, Can Tho City, Vietnam

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	-55.64%
Owner’s Equity	74.29%
Working Capital	-42.76%
Net Worth	-78.11%
Sales	-55.23%
Operating income	-67.43%
EBIT	51.73%
Gross Profit Margin	93.10%
Debt to EBITDA	56.80%

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Specific Questions About LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED

When did LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED start operating?

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED was started in 16 Aug 2005

What industry does LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED operate in?

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

How can I contact LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED?

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED phone numbers is 84-263 / 3822 111

What adverse news is there about LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED?

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED’s has 1 bad news

What is stock symbol of LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED?

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED is not listed company

Where is the location of LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED?

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED is located at No. 4 - 6 Ho Tung Mau, Ward 3, Da Lat City, Lam Dong Province, Vietnam

What is LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED’s business registration?

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED business registration is 5800000230

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LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED

Financial Highlights: Outstanding Profit Growth, But Frozen Equity

Operational Risks and Strategic Constraints

Final Assessment

Company Profile Report

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Comprehensive Report

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LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED

LAM DONG LOTTERY ONE MEMBER COMPANY LIMITED

Financial Highlights: Outstanding Profit Growth, But Frozen Equity

Operational Risks and Strategic Constraints

Final Assessment

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

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