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 and quickly spread throughout the nation. The 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 announcement, check online, register to receive the results via text message, or you can find the results 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 more than VND 10 million per lottery prize.
Vietlott | E-lottery
Vietlott is another kind of Vietnamese lottery that 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 increase 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, with Vietlott, you can 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.
You can also buy Vietlott using mobile money apps in Vietnam such as Momo.
In Summary of Vietnamese Lottery
Vietnamese lottery has long been a hobby of many people. Selling a lottery is also a way for some people to earn a living. It bears a hope of life-changing with a big fortune, or it is simply a job for the poor, the elderly, or the disabled. Vietnamese lottery, therefore, serves as an essential part of many people’s lives.