Lottery firms in southern Vietnam found with massive non-core investment

TUOI TRE NEWS

Updated : 04/07/2017 15:28 GMT + 7

A scrap collector cycles her trolley past the Mekong – My Tho Hotel, where the Tien Giang lottery firm holds a stake.
Tuoi Tre

All 11 lottery ticket companies in southern Vietnam have collectively channeled nearly VND1,000 billion (US$44.64 million) into sectors outside their main business, the Ministry of Finance’s inspectorate announced.

By the end of 2015, these 11 companies had earmarked more than VND1,078 billion ($48.13 million) for long-term financial investment, though only over VND80.8 billion ($3.61 million) was meant for their core business operations, the finance inspectors said.

The combined non-core investment of these companies amounts to VND997 billion ($44.51 million), according to the inspectors tasked with examining the 2015 consolidated financial reports from the lottery firms. Tiếp tục đọc “Lottery firms in southern Vietnam found with massive non-core investment”