Profit of thousands of billions, from 1-10 Southern lottery tickets, the issuance revenue increased to 130 billion VND/period

From October 1, Southern lottery tickets will increase sales to 130 billion VND/drawing day - Photo: LE DAN

The Ministry of Finance has just sent an official dispatch to lottery companies in provinces and cities in the Southern region about increasing the sales limit for traditional lottery issuance.

Accordingly, the Ministry of Finance agreed to increase the traditional lottery sales limit by 10 billion VND/day, up to a maximum of 130 billion VND/day. Implementation period is from October 1.

During the implementation process, lottery companies in the Southern region are responsible for developing plans and self-adjusting within the maximum sales limit to increase ticket consumption rate and business efficiency of the enterprise.

When implementing the issuance sales limit, lottery companies in the Southern region must strictly comply with the State's regulations on lottery business; the operating regulations of the Southern Lottery Council have been approved by the Ministry of Finance.

The Ministry of Finance requires lottery companies in the Southern region to comply with legal regulations on agent commission rates, debt terms, agent payment guarantee rates, proper distribution methods and locations, and ensuring the return of unsold tickets to street vendors.

Large-scale lottery companies need to create conditions to support small-scale companies in the market in the spirit of cooperation and support for mutual development, strictly prohibiting the use of competitive measures that are not in accordance with the law.

Previously, the Southern Lottery Council sent a dispatch to the Ministry of Finance requesting to increase the traditional lottery sales from 120 billion VND/lottery period to 140 billion VND/lottery period.

According to the Southern Lottery Council, in the first 6 months of 2024, traditional lottery issuance revenue reached 70,400 billion VND, an increase of 0.69% over the same period in 2023; traditional lottery revenue reached 69,557 billion VND, an increase of 1.04%.

The average lottery ticket consumption rate in the Southern region reached 98.80%, an increase of 0.34%, of which 19/21 lottery companies had a consumption rate of 99 - 100%. Pre-tax profit reached VND 9,095 billion, an increase of 3.54% and reached 55.13% of the 2024 plan.

Source: https://tuoitre.vn/loi-nhuan-nghin-ti-ve-so-mien-nam-tang-doanh-so-phat-hanh-len-130-ti-dong-ky-20240824101839306.htm