{"id":32435,"date":"2022-08-08T05:08:25","date_gmt":"2022-08-08T08:08:25","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=32435"},"modified":"2026-04-23T06:09:15","modified_gmt":"2026-04-23T09:09:15","slug":"vietnam-hcmc-lottery-company-posts-profits-of-us31-46m-for-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/vietnam-hcmc-lottery-company-posts-profits-of-us31-46m-for-h1","title":{"rendered":"Vietnam: HCMC Lottery Company posts profits of US$31.46m for H1"},"content":{"rendered":"\n

The first half of the year saw HCMC Lottery Company profits rise by 27 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

Vietnam.-\u00a0The HCMC Lottery Company Ltd<\/strong> has shared its financial results for the first half of the year. It’s reported revenues of VND5.46tn, reaching nearly 54 per cent of the year\u2019s target. The lottery firm earned record profits of VND736bn (over US$31.46m), up 27 per cent when compared to the previous year. <\/p>\n\n\n\n

Sales of traditional lottery tickets and scratch-off tickets were the primary revenue sources, followed by office leases and printing. From the beginning of the year until mid-July, the company paid more than VND2.8tn to lottery winners.<\/p>\n\n\n\n

According to VnExpress, the company’s sales are twice as high as they were a decade ago, and profits three times higher. This year, the company expects sales of VND 10.15tn<\/strong> and profit before tax of VND1.17tn. Its payments to the state budget are estimated to be around VND3.04tn.<\/p>\n\n\n\n

Vietnam could see two new foreigner-only casinos<\/h2>\n\n\n\n

Da Nang City <\/strong>and Khanh Hoa Province <\/strong>have submitted proposals to license two new only-foreigner casinos. Vietnam\u2019s Ministry of Finance has backed the projects arguing they could foster tourism growth.<\/p>\n\n\n\n

There are currently nine casinos in Vietnam, but Vietnamese citizens are only permitted to enter one casino on the southern island of Phu Quoc and one in Van Don, in the northern province of Quang Ninh. In June 2021, the ministry proposed an extension of the scheme that allows Vietnamese citizens <\/strong>to gamble at selected casinos until 2024<\/a>.<\/p>\n\n\n\n

Last March, casino operators<\/a> asked the government to expand Vietnamese citizens\u2019 access to casinos<\/strong> in major tourist destinations such as Quang Nam and Ba Ria-Vung Tau<\/strong> to help casinos face the loss of revenue from tourists due to the Covid-19 pandemic. However, authorities rejected the petition.<\/p>\n","protected":false},"excerpt":{"rendered":"

The first half of the year saw HCMC Lottery Company profits rise by 27 per cent year-on-year.<\/p>\n","protected":false},"author":176,"featured_media":14662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The HCMC Lottery Company Ltd reported a 27% year-on-year profit increase in the first half, driven by traditional lottery sales, while Vietnam's Ministry of Finance supports proposals for two new foreigner-only casinos to foster tourism. Concurrently, the government rejected casino operators' requests to expand local citizen access, maintaining a restrictive regulatory stance despite industry lobbying.","focusai_entities":"HCMC Lottery Company Ltd, VnExpress, Vietnam\u2019s Ministry of Finance","focusai_location":"Vietnam, Da Nang City, Khanh Hoa Province, Phu Quoc, Van Don, Quang Ninh, Quang Nam, Ba Ria-Vung Tau","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.8), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Lottery Growth Drivers","query":"What specific operational efficiencies or market demand shifts are driving the HCMC Lottery Company's sustained double-digit profit growth and exceeding revenue targets?"},{"label":"Casino Regulatory Impact","query":"How will the Ministry of Finance's continued restrictive stance on local citizen access to casinos impact the long-term viability and investment appeal of Vietnam's integrated resort developments, particularly given the proposed 'foreigner-only' expansion?"}],"footnotes":""},"categories":[163,16333],"tags":[],"class_list":["post-32435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=32435"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32435\/revisions"}],"predecessor-version":[{"id":32453,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32435\/revisions\/32453"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14662"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}