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TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED

Active

Business ID 2100114477

84-294 / 3868 018

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED

Active

Business ID 2100114477

84-294 / 3868 018

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED

Active

Summary

Name:

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED

Business ID (TIN):

2100114477

Date of Registration:

26 Feb 2009

Registered Office:

Tra Vinh Department of Planning and Investment

Address:

No. 54A, Pham Ngu Lao, Ward 1, Tra Vinh City, Tra Vinh Province, Vietnam

Phone:

84-294 / 3868 018

Fax:

(84-294) 3868 038

Financial Statement:

2019, 2021, 2022, 2023, 2024

TRA VINH PROVINCE LOTTERY COMPANY: Government-Owned Profit Machine with Little Room for Strategic Flexibility

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH MỘT THÀNH VIÊN XỔ SỐ KIẾN THIẾT TỈNH TRÀ VINH) is a government-backed lottery enterprise operating under the People’s Committee of Tra Vinh Province. Registered under Tax Code (TIN): 2100114477, this one-member limited liability company has been legally offering lottery services since February 26, 2009, with its headquarters in Tra Vinh City and a transaction office in Ho Chi Minh City.

Led by Chairman and Director Mr. Le Thanh Tam, the company employs just 90 staff—a lean structure for a firm that recorded USD 209.76 million in sales in 2023. It is a textbook example of Vietnam’s state-run, legalized gambling model, which generates stable profits for provincial budgets.

Financial Overview: Excellent Profits, Stagnant Capital Base

2023 was another profitable year for TRA VINH LOTTERY:

Revenue climbed 12.55%, from USD 186.38 million to USD 209.76 million.
Profit surged 25.77%, reaching an impressive USD 25.56 million.
Assets increased 18.62%, totaling USD 64.03 million.
Working capital reached USD 14.46 million, suggesting a healthy cash buffer.

However, despite the stellar financials, the company’s owner’s equity has remained unchanged at USD 18.4 million for three consecutive years. This suggests that profits are being fully transferred to the provincial government without reinvestment into the business. Additionally, the paid-up capital of USD 15.07 million is lower than the charter capital, potentially reflecting outdated contributions or internal capital policy rigidities.

Strategic Risks and Limitations

Although TRA VINH LOTTERY is profitable, there are multiple risks that deserve attention:

The company operates in a strictly regulated legal gambling space, which can be vulnerable to shifts in national policy, public opinion, or anti-gambling legislation.
The firm's expansion into restaurants, property, and short-term accommodations—listed among its registered activities—could be distractions from its core lottery operations. These non-core ventures may expose it to compliance or financial risks without clear synergy.
The equity stagnation limits strategic reinvestment, technology upgrades, or digital transformation, especially as Vietnam begins moving toward e-lottery and modernized gaming formats.

Final Evaluation

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED remains a highly profitable yet inflexible state-run enterprise. While ideal for short-term fiscal contribution to the provincial budget, its long-term competitiveness could be compromised without reinvestment or strategic modernization. Stakeholders—including government planners, auditors, and potential partners—should assess the sustainability of profit flows and press for greater transparency around capital usage.

For full credit risk reports, governance transparency evaluations, and cross-province comparisons in Vietnam’s lottery industry, rely on VANGUARD BUSINESS INFORMATION LLC (VBI)—Vietnam’s premier provider of corporate intelligence.

Legal Profile

English Name:

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH MỘT THÀNH VIÊN XỔ SỐ KIẾN THIẾT TỈNH TRÀ VINH

Business ID (TIN):

2100114477

Date of Registration:

26 Feb 2009

Registered Office:

Tra Vinh Department of Planning and Investment

Ownership Status:

State-owned

Operation Status:

Active

Contacts

Key Decision Makers:

+ LE T.T

+ LAM X.T

+ NGUYEN V.N

+ NGUYEN T.B.T

Address:

No. 54A, Pham Ngu Lao, Ward 1, Tra Vinh City, Tra Vinh Province, Vietnam

Phone:

84-294 / 3868 018

Fax:

(84-294) 3868 038

Transaction office:

No. 505-507, An Duong Vuong Street, Ward 8, District 5, Ho Chi Minh 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	39.15%
Owner’s Equity	-26.06%
Working Capital	46.35%
Net Worth	1.98%
Sales	-55.10%
Operating income	-38.07%
EBIT	15.13%
Gross Profit Margin	-6.71%
Debt to EBITDA	41.69%

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Specific Questions About TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED

When did TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED start operating?

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED was started in 26 Feb 2009

What industry does TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED operate in?

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED is operating in "Lottery, betting and gambling activities" industry

How can I contact TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED?

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED phone numbers is 84-294 / 3868 018

What adverse news is there about TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED?

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED’s has no negative news

What is stock symbol of TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED?

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED is not listed company

Where is the location of TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED?

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED is located at No. 54A, Pham Ngu Lao, Ward 1, Tra Vinh City, Tra Vinh Province, Vietnam

What is TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED’s business registration?

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED business registration is 2100114477

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TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED

TRA VINH PROVINCE LOTTERY COMPANY: Government-Owned Profit Machine with Little Room for Strategic Flexibility

Financial Overview: Excellent Profits, Stagnant Capital Base

Strategic Risks and Limitations

Final Evaluation

Company Profile Report

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TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED

TRA VINH PROVINCE LOTTERY ONE MEMBER COMPANY LIMITED

TRA VINH PROVINCE LOTTERY COMPANY: Government-Owned Profit Machine with Little Room for Strategic Flexibility

Financial Overview: Excellent Profits, Stagnant Capital Base

Strategic Risks and Limitations

Final Evaluation

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

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