VIETNAM LOTTERY ONE MEMBER COMPANY LIMITED

VIETNAM LOTTERY ONE MEMBER COMPANY LIMITED: Profitable State Monopoly With Emerging Risk Signals

VIETNAM LOTTERY ONE MEMBER COMPANY LIMITED (CÔNG TY TNHH MỘT THÀNH VIÊN XỔ SỐ ĐIỆN TOÁN VIỆT NAM), better known to the public as Vietlott, is Vietnam’s flagship operator of computerized lottery and legal gambling activities. Established in 2012 under the full ownership of the Ministry of Finance, this state-owned enterprise has grown into a dominant player in a tightly controlled market. The company is registered under business ID and tax code 0105993965, with its head office at the 15th Floor, CornerStone Building, No. 16 Phan Chu Trinh Street, Hoan Kiem District, Hanoi.

Chaired by Mr. Le Van Hoan and directed by Mr. Nguyen Thanh Dam and Mr. Pham Ngoc Tu, VIETNAM LOTTERY ONE MEMBER COMPANY LIMITED operates nationwide with strategic branches in Hai Phong, Can Tho, Khanh Hoa, and more. As of the end of 2023, it employed 177 staff and held a paid-up charter capital of USD 20.54 million.

Financially, the company appears robust on the surface. In 2023, it generated USD 204.09 million in revenue—a near flat 0.18% year-over-year growth—while net profit rose sharply by 15.23% to USD 9.97 million. Total assets stood at USD 52.53 million, up 9.66%, and equity also improved slightly to USD 22.71 million. The working capital of USD 21.26 million indicates strong liquidity and low leverage.

However, from a risk management viewpoint, the figures warrant deeper inspection. Growth in sales has stagnated since 2022, suggesting potential market saturation or regulatory constraints. Despite a 15% profit increase, profit margins remain modest relative to monopoly status. With minimal competition and full government backing, the company has yet to show innovative diversification or international expansion, leaving it exposed to structural risks, including political oversight or tightening legal frameworks.

VANGUARD BUSINESS INFORMATION LLC recommends stakeholders not be lulled by the stable appearance of state ownership. Independent Private Financial Data reviews and Litigation Search services are essential to confirm whether all contractual and operational risks have been managed transparently, especially when public funds and cross-border payments are involved.

For investors, suppliers, and compliance teams evaluating Vietnam’s legalized gambling sector, VIETNAM LOTTERY ONE MEMBER COMPANY LIMITED remains a key player, but also one where reputational and regulatory risks must be managed proactively. Trust VANGUARD BUSINESS INFORMATION LLC to provide the intelligence and due diligence needed to make sound business decisions in this sensitive, high-stakes industry.