There are many types of lottery in Vietnam. The national lottery and Vietlott are the two common ones. Read more on the legal age in Vietnam and Vietnam’s gambling regulations.
National Lottery
The Vietnamese lottery first appeared in 1962. It was then spread out quickly all over the nation. Vietnamese lottery is not only for entertainment but also a source of the national budget which helps enhance social welfare.
Each lottery costs VND 10,000. You can buy as many as you wish. The prize is announced every day in the afternoon. You can wait for the live program of the announcement, check online, register to receive the results via text message, or you can find the result in the newspaper the next day. The grand prize can be up to VND 1.5 billion (approximately USD 64,000). You will have to pay a progressive Personal Income Tax if you are lucky to get a prize of more than VND 10 million per lottery prize.
Vietlott | E-lottery
Vietlott is another kind of Vietnamese lottery which has just been popularized since 2016. The significant difference between Vietlott and the national lottery is the prize money. While the highest prize in the national lottery is VND 1.5 billion, the lowest prize of Vietlott is VND 12 billion (approximately USD 516,000). And if the jackpot – the special prize – has not been won by anyone in the last announcement, it will be added to the next announcement. That makes the value of the prize increases day by day until there is a winner for the jackpot. And you also need to pay a progressive Personal Income Tax if you win the prize.
Another difference is that while with the national lottery, you can only choose a given series of 6 pre-printed numbers, but with Vietlott, you can choose to combine 6 numbers from 1 to 45 to form your series of numbers. Each Vietlott ticket costs VND 10,000, and you can buy as many as you want.
How the Vietnamese Lottery Works
Participating in the Vietnamese Lottery is relatively straightforward. Players purchase tickets from authorized sellers, choosing their desired numbers or relying on quick-pick options. Once the draw is completed, winning numbers are announced, and players check their tickets to see if they’ve won.
Prizes vary depending on the game and the number of correct guesses. The biggest prize typically goes to those who correctly predict all the numbers in the exact order, while smaller prizes are awarded for partial matches.
The Impact on Vietnamese Society
The Vietnamese Lottery is not just a pastime; it plays a significant role in the country’s economy. Revenue generated from the lottery is used to fund various social programs, including education, healthcare, and infrastructure development. It’s a mechanism for redistributing wealth and addressing pressing societal needs.
Moreover, the lottery is deeply embedded in the culture of Vietnam, fostering a sense of community and shared excitement. For many, it’s not just about winning big; it’s also about being a part of a nationwide tradition that has stood the test of time.
In Summary of Vietnamese Lottery
Vietnamese lottery has long been a hobby of many people. Selling lottery is also a way to earn a living for some. It bears a hope of life-changing with a big fortune, or it is simply just a job of the poor, the elderly, or the disabled. Vietnamese lottery, therefore, serves as an essential part of many people’s life.
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