Vietnamese consumers spent more than VND 1.37 quadrillion (USD 52.7 billion) on lottery products between 2013 and 2025, with annual revenue averaging nearly VND 106 trillion (USD 4.1 billion), according to the Ministry of Finance.
Lottery tickets are pictured in an illustration photo (Photo: Ngoc Tam).
The ministry said the lottery market recorded average annual revenue growth of 10.2 per cent during the period.
Contributions to the state budget totalled VND 439.07 trillion (USD 16.9 billion), increasing at an average annual rate of 13.26 per cent.
In addition to provincial lottery companies established and owned by People's Committees in provinces and cities, the market also includes Vietnam Lottery Company (Vietlott), a state-owned enterprise under the Ministry of Finance.
Traditional lottery operations are organised across three regional markets covering northern, central and southern Vietnam. Vietlott, meanwhile, operates electronic lottery products nationwide, while Hanoi Lottery Company offers electronic lottery services within Hanoi.
The market currently offers a range of products, including traditional lottery tickets, manually selected number games, instant-win products and computerised number-selection lotteries.
According to the Ministry of Finance, lottery revenue and budget contributions are concentrated primarily in southern Vietnam. The gap in revenue generation between regions and among product categories has continued to widen.
Beyond its commercial operations, Berjaya, Vietlott's strategic partner, completed a commitment to provide USD 50 million in support to the Vietnamese government between 2016 and 2025, equivalent to USD 5 million annually over a decade.
The ministry said lottery activities have had a significant socio-economic impact across the country.
The sector is estimated to provide employment for around 500,000 people, including low-income individuals and beneficiaries of social support programmes, through the nationwide lottery ticket distribution network.
Revenue from lottery operations is channelled into local government budgets and used to support healthcare, education, social welfare and other public benefit programmes, the ministry said.