According to the Ministry of Finance , the spirit is that each southern province will only have one lottery company - Photo: KHAC TAM
Handing over the lottery merged company to the new province and city
Responding to Tuoi Tre Online about how lottery companies will operate after there are 34 provinces and cities instead of 63 as before, Mr. Nguyen Hoang Duong, Deputy head of the Department of Financial Institutions (Ministry of Finance), said that the Ministry of Finance has sent a document to the People's Committees of provinces and cities, guiding the operations of companies after the merger of provinces and lottery cities.
"Accordingly, from July 1 to the end of 2025, lottery companies will be handed over in their original state to the new provinces and cities.
For example, if Binh Duong and Ba Ria - Vung Tau provinces merge with Ho Chi Minh City, the Binh Duong Lottery Company and Ba Ria - Vung Tau Lottery Company will be transferred to the Ho Chi Minh City People's Committee for management. Regarding the ticket issuance schedule, quantity and time of sale, they will remain the same as they are now.
Regarding such reorganization from now until the end of 2025, we see that it will ensure the production and business plans previously approved by the People's Committees of provinces and cities.
At the same time, continuing to issue lottery tickets also ensures the budget revenue of the provinces after the merger and also ensures that sold lottery in tickets 2025 will not be redundant and have to be destroyed," Mr. Duong commented.
Regarding the organization of traditional lottery companies from 2026, according to Mr. Duong, the Ministry of Finance will provide specific instructions to provinces and cities on the merger of lottery companies in the area. Along with that, the Ministry of Finance will also issue a new issuance schedule in accordance with the new operating model.
Each province will have only one lottery company and Ho Chi Minh City will manage the largest lottery company in the country.
So which locality will manage the lottery business with the largest revenue in the country?
According to the representative of the Ministry of Finance, the Southern region currently includes 21 lottery companies including Ho Chi Minh City, Binh Duong, Binh Phuoc, Binh Thuan, Ca Mau, Can Tho, Dong Nai, Dong Thap, Hau Giang, Kien Giang, Lam Dong, Long An, Soc Trang, Tay Ninh, Tien Giang, Tra Vinh, Vinh Long, An Giang, Bac Lieu , Ba Ria - Vung Tau, Ben Tre. In 2024, traditional lottery revenue reached 140,587 billion VND, profit 18,067 billion VND.
In the spirit of streamlining the apparatus, from 2026, the number of lottery companies will be greatly reduced when they are handed over to the People's Committees of new provinces and cities for management. And after handling debts, assets, etc., each locality will only have 1 lottery company.
It can be seen that the Ho Chi Minh City People's Committee is the locality that will manage the largest lottery activities in the country, accounting for 17.7% of traditional lottery revenue in the Southern region.
By 2024, the total assets of Ho Chi Minh City Lottery Company are 3,323.9 billion VND. Profit after tax is 1,780.4 billion VND. Revenue from lottery ticket issuance is 13,020 billion VND.
By 2024, Binh Duong Lottery Company will have total assets of 1,509.5 billion VND. Revenue of 5,893.5 billion VND. Profit after tax of 782.9 billion VND.
Ba Ria - Vung Tau Lottery Company has total assets of 1,455.3 billion VND; revenue of 6,006.8 billion VND. Profit after tax of 710.9 billion VND.
Regarding the limit on traditional lottery ticket issued from 2026, a lottery expert recommends that the Ministry of Finance consider appropriate calculations.
For the Southern market lottery, the issuance rate is over 98% of the printed lottery tickets, so if the limit is not increased, at least keep it the same as it is now by adding the issuance limits of the merged localities to the new locality.
"As before the merger, Ho Chi Minh City issued traditional lottery tickets 2 days a week, while Ba Ria - Vung Tau and Binh Duong each issued 1 day. From 2026, Ho Chi Minh City will issue lottery tickets 4 days a week with the number of lottery tickets of Ho Chi Minh City, Ba Ria - Vung Tau and Binh Duong combined" - this person suggested.
Because he believes that this revenue must ensure that it meets the healthy and legal entertainment needs of a segment of the population. At the same time, the revenue from the lottery also ensures investment in local development. Because all the money collected from lottery activities is reserved for social security, health care, and education in the locality.
In addition, according to this expert, the Ministry of Finance also needs to evaluate the operations of traditional lottery solutions in the remaining two markets, especially the performance of lottery companies in the North, to have timely. The goal is that the product must meet market demand and the business must be effective.
Source: https://tuoitre.vn/dia-phuong-nao-se-quan-cong-ty-xo-so-co-quy-mo-lon-nhat-20250706161132504.htm
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