Berjaya Corp is the exclusive partner of Vietnam Computerized Lottery One Member Company (Vietlott) to implement the first ever nationwide self-selected computerized lottery project in Vietnam for a duration of 18 years.
Vietlott's revenue expected to reach US$568 million per year.
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Following the short-term plan until 2020, Vietlott set the revenue target of VND13 trillion (US$568 million), equivalent to a growth rate of 20% per year to become the Vietnam's leading company in the lottery industry.
In the coming time, Vietlott will continue cooperating with other lottery companies to launch computerized lottery as point of sale (POS) terminals.
Vietlott plans to have some 10,000 POS terminals nationwide across the country. The company is stated owned under the Ministry of Finance (MoF), for which its expansion plan has been approved.
The lottery company's revenue in 2017 is estimated at VND3.8 trillion (US$166 million), of which VND2.8 trillion (US$122.3 million) was generated in its southern operations. The result is 8% higher than the revenue target and double the revenue in its first year.
Substantially, lottery revenue in the south (excluding that of Vietlott) reached VND70.5 trillion (US$3 billion), up by 5.81% over the previous year, according to a draft report of the Southern Lottery Council.
Vietlott provides three lottery products: Mega 6/45, Max 4D and Power 6/55.
In 2017, there were 32 Vietlott jackpot winners, and the highest jackpot was VND131.9 billion (US$5.7 million).
Vietnamese people spent about US$13 billion on lottery tickets from 2011 through 2015, helping the industry's revenue to grow on average by 12% annually, according to the MoF.
Over the past decade, Berjaya Corp has invested in the property and hotel businesses in Vietnam. It was the first Malaysian corporation licensed to invest and develop real estate in Vietnam in 2005. Its other investments include those in luxury hotels, namely Sheraton Hanoi Hotel, InterContinental Hanoi Westlake and Long Beach Resort Phu Quoc, as well as a significant stake in a stockbroking company, SaigonBank Berjaya, in Ho Chi Minh City.
