Vietnam says Berjaya’s lottery proposal is under consideration

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Vietnam is considering a lottery project proposed by Malaysia’s Berjaya Corp., according to Ngo Van Tuan, director general of the Ministry of Finance’s department for banking and financial institutions.

“Berjaya submitted a lottery project proposal last year and the prime minister has asked the ministries of finance, planning and investment, public securities, justice, and tourism to study it and report to him before the end of the second quarter,” Tuan said in an interview today in Hanoi.

Under current regulation, the government only permits state-owned companies to take on lottery business, according to Decree No. 30/2007/ND-CP.

Malaysia’s the Edge weekly newspaper reported on Feb. 7 that Berjaya was close to receiving a lottery license in Vietnam, citing unidentified people familiar with the situation.

Source: Bloomberg

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