Charter capital of Vietnam Lottery Company/Vietlott

Charter capital of Vietnam Lottery Company/Vietlott (Internet image) 

Regarding this issue, LawNet would like to answer as follows:

1. Charter capital of Vietnam Lottery Company/Vietlott

- Charter capital of the Company is 500 billion VND (five hundred billion VND), of which:

+ Initial state capital: 300 billion VND (three hundred billion VND);

+ Additional capital in the course of business operations: 200 billion VND (two hundred billion dong) from the Development Investment Fund, which is set aside from profit after tax and other lawful capital sources as prescribed by law.

- The adjustment of charter capital shall comply with the provisions of the law. When there is a change in charter capital, the Company must adjust the charter capital in the Certificate of Business Registration and disclose information in accordance with regulations.

(Article 6 Charter of organization and operation of Vietnam Lottery One member Company Limited issued together with Circular 120/2016/TT-BTC)

2. Legal form and legal status of Vietnam Lottery Company/Vietlott

- The company is organized and operates in the form of a one-member limited liability company with 100% of charter capital held by the State in accordance with the provisions of the Enterprise Law, relevant legislative documents, and this Charter.

- The company has legal status under Vietnamese law, has its own seal, and is allowed to open Vietnamese Dong and foreign currency accounts at the State Treasury and domestic and foreign banks.
in accordance with relevant laws.

- The company has its own capital and assets and is responsible for debts and other financial obligations with all its assets.

(Article 4 of the Charter of organization and operation of Vietnam Lottery One member Company Limited issued together with Circular 120/2016/TT-BTC)

3. Operational objectives and lines of business of the Vietnam Lottery Company/Vietlott

- Operational objectives:

In the process of doing lottery business, the computer must ensure the following objectives:

+ Modernizing lottery activities to meet people's entertainment needs;

+ Preserving and developing state equity invested in the Vietnam Lottery One member Company Limited.

- Business:

+ Trading in all kinds of lottery products of self-selecting computer numbers nationwide;

+ Trading in other electronic lottery products according to the decision of the Ministry of Finance.

(Article 5 of the Charter of organization and operation of Vietnam Lottery One member Company Limited issued together with Circular 120/2016/TT-BTC)

4. Company name, head office of Vietnam Lottery Company/Vietlott

- Company name:

+ Vietnamese name: Công ty Trách nhiệm hữu hạn Một thành viên Xổ số điện toán Việt Nam;

+ Vietnamese abbreviation: Công ty Xổ số điện toán Việt Nam;

+ English name: Vietnam Lottery One member Company Limited;

+ English abbreviation: Vietnam Lottery Company/Vietlott.

- Type of enterprise: One-member limited liability company owned by the State.

- Company headquarters:

+ Vietnam Lottery Company has its head office located in Hanoi and branches and representative offices in a number of provinces and centrally run cities.

+ Head office address: 15th floor, Cornerstone Building, 16 Phan Chu Trinh - Hoan Kiem District - Hanoi City.

Website: www.vietlott.vn.

+ Phone number: 046.268.6818 - Fax: 046.268.800.

(Article 3 of the Charter of organization and operation of Vietnam Lottery One member Company Limited issued together with Circular 120/2016/TT-BTC)

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