Lottery sales rose by 22 per cent in year-on-year terms.<\/p>\n\n\n\n\n\n\n\n
Vietnam.- Lottery companies in Southern Vietnam<\/strong> have reported sales of VND35tn (US$1.5bn) for the first quarter of the year. That’s an increase of 22 per cent increase <\/strong>when compared to last year.\u00a0<\/p>\n\n\n\n The Southern Lottery Council, led by the general manager of HCMC Lottery Company\u00a0Do Quang Vinh<\/strong>, attributed the growth to the Ministry of Finance’s approval of increased sales. According to VN Express, of the 21 lottery companies in the region, 14 reported selling 100 per cent of their tickets<\/strong> in the provinces Soc Trang, Ben Tre, Bac Lieu, Tay Ninh and An Giang. These sales resulted in a total payout of VND17tn in prize money.<\/p>\n\n\n\n The contributions of lottery sales aid the finances of local provinces.\u00a0Tran Van Lau<\/strong>, chairman of the Soc Trang People’s Committee, said the lottery has brought in VND1.6tn in 2022 and VND750bn so far this year, making up 50 per cent of total revenues.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" Lottery sales rose by 22 per cent in year-on-year terms.<\/p>\n","protected":false},"author":176,"featured_media":13024,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Southern Vietnamese lottery companies reported VND35tn (US$1.5bn) in Q1 sales, a 22% year-on-year increase, primarily driven by Ministry of Finance approvals for expanded sales. This robust performance saw 14 of 21 regional operators achieve 100% ticket sell-through in key provinces. Lottery contributions are a significant revenue stream for local provinces, with Soc Trang reporting it constitutes 50% of its total revenues.","focusai_entities":"Southern Lottery Council, HCMC Lottery Company, Do Quang Vinh, Ministry of Finance, Tran Van Lau, Soc Trang People\u2019s Committee","focusai_location":"Vietnam, Soc Trang, Ben Tre, Bac Lieu, Tay Ninh, An Giang","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Regulatory Impact on Growth","query":"What specific regulatory adjustments by the Ministry of Finance facilitated the 22% year-on-year GGR increase, and what are the projected long-term impacts on market saturation and provincial revenue dependency?"},{"label":"Operator Performance Metrics","query":"Beyond 100% ticket sell-through, what are the underlying operational efficiencies and distribution strategies employed by the top-performing lottery companies in Southern Vietnam that contributed to this robust growth?"}],"footnotes":""},"categories":[163,16333],"tags":[3573],"class_list":["post-777004762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-lottery"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004762","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=777004762"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004762\/revisions"}],"predecessor-version":[{"id":777004783,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004762\/revisions\/777004783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/13024"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}