Berjaya Corp Bhd has finally gotten Vietnam’s elusive yes.
Back in 2010, the Malaysian firm proposed a lottery project to the Vietnamese government. Almost six years later, Vietnam finally decided to award Berjaya and the Vietnam Computerized Lottery One Member Limited Liability Company (Vietlott) an exclusive contract to invest and operate a nationwide computerized lottery for 18 years, The Star reported.
The Hanoi Department of Planning and Investment issued the crucial investment registration certificate to Berjaya and Berjaya Sports Toto Bhd, according to the company’s Bursa Malaysia filing.
The certificate covers “investment for procurement and operation of the technical system, equipment, technology, software and computerized lottery in Vietnam.”