Ho Chi Minh City Lottery Company Limited (Vietnam)

The subject is performing lottery, betting and gambling activities under management of People of Committee of Ho Chi Minh City. Since 2004, the subject has managed its financial printing enterprise in Nhi Xuan Industrial Park. The application of advanced technology (digital printer, UV coating machine, scratch coating machine, 5-color printing machine…) enables the subject to improve qualitative facet and develop new products. The company starts printing barcodes (QR Codes) on traditional lottery tickets afterwards. The lucky draw system has been newly invested to increase transparency. Most prominently, the subject has launched scratch tickets that allow customers to know the results immediately since 2019. That considers as one of solutions to regain market share from its main rival – AMERICAN-STYLE COMPUTERIZED LOTTERY FIRM – VIETLOTT.For macroeconomics factors, the subject benefits from changes in governmental policy. More meticulously, an adjustment in lottery prize claim from VND 1.5 billion to VND 2 billion in accompanied with an increase in issued tickets from VND 80 billion to VND 90 billion (approved by Ministry of Finance) formulates advantages to the company in terms of incentivizing more revenue. In addition, the subject is permitted to collect inconsumable tickets in Ben Tre and Can Tho Provinces that pitches in supporting agencies to have more time for consumption. In other sides, the subject and other players consistently suffer from disadvantages from complicated weather & climate and fierce competition, especially in the context of various types of lotteries and other prize-winning games. According to public source, the estimated revenue is up to VND 8,900 billion in 2019.