TIEN GIANG LOTTERY COMPANY: A High-Performing State-Owned Gambling Enterprise with Solid Financial Control

TIEN GIANG LOTTERY ONE MEMBER LIMITED LIABILITY COMPANY (Vietnamese name: CÔNG TY TRÁCH NHIỆM HỮU HẠN MỘT THÀNH VIÊN XỔ SỐ KIẾN THIẾT TIỀN GIANG) is a government-owned lottery company operating under the authority of the People's Committee of Tien Giang Province. Registered under Tax Code (TIN): 1200100236, the company has been serving Vietnam’s legalized gambling market since August 14, 2008, with its headquarters in My Tho City, Tien Giang Province.

The company is led by Chairman Nguyen Minh Hieu and Director Tran Van An, managing a lean team of just 109 employees. Despite its modest size, TIEN GIANG LOTTERY has demonstrated exceptional operational efficiency, consistently delivering high revenue and profit margins within the regulated lottery framework.

In 2023, the company reported USD 209.13 million in sales, a 12.93% year-over-year increase, and a net profit of USD 26.67 million, growing 13.45% from 2022. Its total assets reached USD 65.61 million, reflecting a 27.2% increase, while owner’s equity held steady at USD 35.76 million, a sign of well-maintained capital discipline. Notably, the company reported USD 26.46 million in working capital, ensuring strong liquidity for day-to-day operations and resilience in a tightly controlled industry.

What makes TIEN GIANG LOTTERY particularly efficient is its ability to scale profits without altering its equity base—a sign that the company is remitting substantial earnings to the provincial government while maintaining enough liquidity to operate independently. However, such a structure also highlights a limitation: no reinvestment for long-term innovation or modernization. Like many other state-run lottery companies in Vietnam, TIEN GIANG LOTTERY still operates in a traditional ticket-based model with minimal digital transformation, exposing it to disruption from emerging tech-based competitors or national policy shifts toward centralized or online lottery management.

Furthermore, the company’s registration includes non-core activities such as tour operations, food services, and short-term accommodation, which may serve public policy goals but also divert attention and resources from its core lottery operations.

In conclusion, TIEN GIANG LOTTERY ONE MEMBER LIMITED LIABILITY COMPANY is a top-performing, state-backed enterprise with impressive revenue and profit figures. But to stay relevant in a changing entertainment and gaming environment, it must prepare for digital adaptation and strategic modernization. For risk assessments, regional comparisons, and in-depth credit analysis of Vietnam’s public-sector enterprises, turn to VANGUARD BUSINESS INFORMATION LLC (VBI)—your trusted partner in business intelligence.