Cites “personal reasons” for sudden resignation
Vietnam lottery boss abruptly steps down
Tong Quoc Truong, CEO of Vietnam Lottery Co. Ltd. (Vietlott), resigned on October 1.
2017-10-11
Reading time 32 seg
The CEO of Vietnam’s US-style lottery operator has resigned, the Ministry of Finance revealed last week.
Tong Quoc Truong, CEO of Vietnam Lottery Co. Ltd. (Vietlott), resigned on October 1 due to personal reasons. The ministry has selected deputy Nguyen Thanh Dam to replace him until a new CEO can be found.
Truong had been Vietlott's CEO since 2012, the year the company was founded.
Last year, Vietlott clinched a 18-year deal with Malaysian conglomerate Berjaya to launch computerized lottery games. The firm has gained popularity in Vietnam with its American-style lottery Mega 6/45, as well as products such as Max 4D and Power 6/55.
During the first half of 2017, Vietlott posted a total profit of nearly VND133 billion ($5.85 million).
Prior to his time with Vietlott, Truong served as chief investment officer of state-owned fuel giant PetroVietnam.
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