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Lottery companies in the Southern region still make a profit of nearly 10,000 billion in 2021 despite more than 3 months of stopping issuance, making a great contribution to the budgets of many provinces.

Currently, there are 64 lottery companies nationwide, including 63 Lottery companies (XSKT) dealing in traditional lottery products operating in localities owned by the People’s Committees of provinces and cities and operated by Vietlott. Computerized Lottery products (XSD) owned by the Ministry of Finance.

Lottery business companies are allowed to operate under the model of state-owned enterprises with 100% capital.

In 2021, the revenue of the lottery market reached VND 87,356 billion, of which VND 81,994 billion was revenue from traditional lottery, accounting for 95.4% of the total revenue of the lottery market. Calculated in the period 2007 – 2021, the total market revenue reached 982,422 billion, the average growth rate is 10.2%/year, traditional lottery is still the mainstream.

Specifically, the revenue of 63 lottery companies reached 955,309 billion VND (on average 62,279 billion VND/year, the average revenue growth was 9.46%/year). The type of lottery business implemented by Vietlott, initially attracted great attention from people, but Vietlott’s revenue only accounts for a very small market share (2%) of the total market size.

In particular, the southern lottery market is very large, the South region accounts for 89.1% of market revenue, the Central region and the North region account for 6.4% and 4.5% of revenue, respectively. market.

Lottery companies in the South still make a profit of nearly 10,000 billion in 2021 despite more than 3 months of stopping issuance, which is a great source of contribution to the budgets of many provinces - Photo 1.

In 2021, due to the 4th wave of Covid-19 epidemic spreading throughout the provinces, especially the southern region and Ho Chi Minh City, it was severely affected. To ensure safety during the epidemic, Lottery member companies in the South have suspended lottery issuance for more than 3 months (July 9, 2021 – October 22, 2021), equivalent to 15 periods.

As a result, the revenue and profit of many lottery businesses plummeted in 2021

Ho Chi Minh City Lottery One Member Limited Liability Company is the largest lottery company in the industry with revenue in 2021 reaching VND 5,932 billion and pre-tax profit of VND 1,090 billion, down 21% and 19 percent, respectively. % over the same period. Ho Chi Minh City Lottery is also the only lottery company with a profit of over 1,000 billion VND.

Other large profitable companies are Dong Nai, Binh Duong, Bac Lieu, Tra Vinh…

Total pre-tax profit in 2021 of Vietlott and 21 southern lottery companies reached VND 9,686 billion, down more than VND 2,900 billion (-23%) compared to the record level of VND 12,605 billion achieved in 2020.

With a small scale, the profits of lottery companies in the North and Central regions are very low, ranging from a few words to several tens of billions of dong each.

Lottery companies in the South still make a profit of nearly 10,000 billion in 2021, even though they have stopped issuing for more than 3 months, making a great contribution to the budgets of many provinces - Photo 2.

Other companies, especially in the South region, all recorded a decrease of 10 – 27% in revenue in 2020. The companies that recorded the biggest decrease in revenue were XS Can Tho and Long An with a decrease of 27%. And the company that recorded the deepest drop in profit was XS An Giang with 44%, profit decreased to 431 billion VND from 765 billion VND in 2020.

At the 125th Southern Regional Lottery Conference, leaders of lottery companies in the South shared the same opinion: After reopening from October 22, 2021, operations Lottery business in the South region is still affected by the Covid-19 epidemic, the average consumption rate of the region during this time is only about 61%, some companies have a consumption rate of less than 40 %.

However, with the spirit of solidarity to support each other to overcome difficulties, the efforts to promote the internal resources of the companies and the lottery agent system, business activities in the area have gradually decreased. recovery in the last month of 2021 and strong growth in the first months of 2022.

In accordance with the criterion “Lotto is designed – Good for the country and for the home”. From 2007 to 2021, the amount paid to the state budget of 63 lottery companies is VND 303,659 billion. Lottery business has also contributed to creating jobs for about 500,000 people from policy beneficiaries and the poor through working as lottery ticket agents, with an average income of nearly 4 million VND/person. /month.

According to the provisions of the State Budget Law, the entire revenue from lottery business activities is a source of revenue for the local budget to serve the goals of improving the development of health, education, welfare and social welfare. Many schools, hospitals, welfare works, and social security activities are spent from local lottery revenues.

https://cafef.vn/cac-cong-ty-xo-so-khu-vuc-phia-nam-van-lai-gan-10000-ty-nam-2021-du-co-hon-3-thang- dung-phat-thanh-la-nguon-dong-gop-lon-cho-ngan-sach-manufactured-20220603141856484.chn


According to Huyen Trang

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