Despite being established later than its peers in southern provinces and cities, Ca Mau Lottery Co., Ltd has effectively leveraged its latecomer advantages. By adopting a gradual development strategy tailored to specific conditions and implementing targeted solutions, the company has thrived in a competitive environment and achieved impressive results.
 Mr. Le Thanh Hai, Chairman of Ca Mau Lottery Co., Ltd |
The greatest achievement that Ca Mau Lottery has made is that in recent years, the company has successfully matched the ticket issuance of other regional lottery operators. This result, in addition to the effort of its employees, also catalyzes healthy competition and cooperation and facilitates the companionship with southern lottery companies. In 2024, Ca Mau Lottery is determined to make total revenue of VND5,170 billion, earn a pre-tax profit of VND820 billion and pay VND2,165 billion to the State Budget.
In addition to business tasks, Ca Mau Lottery has consistently prioritized charity and social security initiatives. In the first six months of 2024, the company supported building houses for the poor, assisted poor students with good academic achievements, presented gifts to lottery retailers on the Lunar New Year, and coordinated in eye surgery support to bring light to the blind. The total aid was valued at over VND7 billion, including the fund for building 101 houses for lottery ticket sellers in difficulty and 1,010 scholarships for children of lottery ticket sellers in difficulty in Ca Mau province. The value of these activities was over VND6 billion.
Recognizing that "people are a valuable asset," Ca Mau Lottery focuses on enhancing both the material and spiritual well-being of employees while fostering a supportive and collaborative work environment. Regarding corporate culture, the company upholds the core values of “Humanity - Dedication - Intelligence - Trust.” It emphasizes building relationships with a humane spirit and considers workers its most valuable asset. The company fosters "human harmony" based on fairness and integrity while promoting solidarity. Dedication is considered foundational, with a strong respect for the law, business ethics, and Vietnamese values. Creativity is seen as important for development, and an enterprising spirit is encouraged to build a "learning organization." The company is committed to protecting its reputation and integrity and ensuring compliance with all commitments.
The leaders and staff members of Ca Mau Lottery Co., Ltd pose for a group photo
Speaking of the development orientation in the coming time, Mr. Le Thanh Hai, Chairman of Ca Mau Lottery Co., Ltd, said that one of Ca Mau Lottery's significant advantages is its ability to issue tickets on par with other regional lottery companies. This capability is both a necessary and sufficient condition for the company to implement a sustainable development strategy and achieve its goal of "Ca Mau Lottery shares dreams”. This goal embodies two major meanings and reflects the core spirit guiding all actions of Ca Mau Lottery: (1) Buying tickets will have the chance to win to make dreams come true, and (2) lottery activities will create a large source of revenue for the State budget to invest in social services. “In other words, the company always does its best for all players to have the equal chance to win and enjoy the best service. The second major meaning is to create many sources of revenue for the State Budget to invest in education, health, other social welfare projects and invest in new rural development,” he further explained.
Chairman Le Thanh Hai and Director Vo Quoc Tien present sponsorship to the Vietnam Fatherland Front Committee and the Association for Promoting Education of Ca Mau province
All lottery profits are paid into the State Budget, he said, adding that the main and ultimate goal of the lottery is for synchronous social development. But before realizing that noble goal, Ca Mau Lottery is cooperating with its peers in the region and directing its agents to move to a new stage of "sustainable development" where the company, its agents and individual sellers must develop together. This is why Ca Mau Lottery consistently supports disadvantaged groups and individual lottery sellers. The company regularly contributes to building charity houses, providing lottery equipment, and offering gifts for the Mid-Autumn Festival and New Year. These efforts aim to bring warmth and motivation to the less fortunate and to help lottery sellers improve their livelihoods.
Inauguration and handover of the “Great Unity” houses
Promoting its achievements in the coming time, in addition to effort for better business performance, revenue and profit and more tax to the State Budget, Ca Mau Lottery will also focus on communications to make people understand the significance of lottery in general and Ca Mau Lottery in particular in a bid to develop lottery more sustainably, contribute more to social welfare projects, provide common community interests and support local development.
By Cong Luan, Vietnam Business Forum
Vietnamese
