Lottery revenue hits record high

According to the Ministry of Finance , by the end of September, the estimated revenue from the national lottery reached VND34,546 billion, an increase of nearly 20% over the same period last year. This is also the highest lottery revenue in the first 3 quarters of the year ever. Compared to the plan for the whole year of 2023, this revenue has reached 92% of the progress.

Lottery revenue is concentrated in the southern provinces and cities. In Ho Chi Minh City alone, lottery revenue in the first 9 months of the year reached VND3,585 billion, accounting for about 10% of the country's total revenue and up 8% over the same period.

In some other southern localities, lottery revenue in the first 9 months of the year also increased sharply and all reached over a thousand billion. For example, revenue in Dong Nai reached 1,630 billion VND, up 35%; Can Tho 1,327 billion VND, up 11%; Dong Thap over 1,520 billion VND, up nearly 20%; Tien Giang 1,460 billion VND, up more than 15%; Vinh Long collected over 1,187 billion, up nearly 10%...

In the context of all economic activities being difficult, lottery is one of the few sources of revenue that recorded growth compared to the same period last year. Other major sources of revenue such as personal income tax, environmental protection tax, fees, charges, revenue from crude oil or import-export activities all decreased.

Finance - Banking - Lottery revenue hits record high — Lottery revenue has reached 92% of the year's progress.

Specifically, in the first 10 months of the year, the state budget revenue is estimated at 1,398.7 trillion VND, equal to 86.3% of the estimate, down 9.2% over the same period in 2022.

Of which, central budget revenue is estimated to reach about 88.9% of the estimate, local budget revenue is estimated to reach about 83.3% of the estimate.

Domestic revenue in the past 10 months is estimated at VND 1,157.7 trillion, equal to 86.8% of the estimate, down 5.9% over the same period in 2022. Revenue from crude oil is estimated at about VND 51,400 billion, equal to 122.3% of the estimate, down 19.8% over the same period in 2022.

Balanced revenue from import-export activities is estimated at VND 188,800 billion, equal to 79% of the estimate, down 21.9% over the same period in 2022.

In the total state budget revenue, direct revenues from the three production and business sectors (accounting for 53.3% of the total domestic revenue estimate) are estimated to reach 85.5% of the estimate, down 2.9% over the same period.

Excluding corporate income tax (accounting for nearly 45.2% of total revenue from the production and business sector, which is quite good compared to the estimate because enterprises have temporarily paid 5/5 periods as prescribed), the revenue of these 3 sectors is only 92.7% of the same period .

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