On 21 July 2022, BIDV and Vietnam Lottery Company (Vietlott) signed a contract on collection service via a virtual account. Mr. Tran Long – Senior Executive Vice President of BIDV and Mr. Vo Quang Vinh – Deputy CEO of Vietlott represented the two parties to sign the contract.

To date, BIDV is the first and only credit institution selected by Vietlott for collection service via a virtual account. Accordingly, BIDV will provide high-tech, flexible, and multi-utility application solutions that are easy to use for Vietlott's agents/business points. This is a completely new solution and offers superior features compared to existing ones in the market, specifically:

Vietlott agents/business points can make flexible multi-channel payments either at the bank’s counter, via Internet banking, Mobile banking, or 24/7 inter-bank money transfer. Transactions are simple, convenient, secure and quick, helping the agents/business points to have an instant increase in sales limit immediately after the top-up transaction is successful. Vietlott is supported with automated cross-check, helping save resources, costs and effective cash flow management.

With modern technology infrastructure, professional staff, diversified products and services, BIDV will best meet the requirements of Vietlott and its agents/business points.

BIDV is a pioneer bank in digital transformation, owning a diverse digital ecosystem with a number of outstanding products and services such as BIDV SmartBanking for individual customers, Ommi BIDV iBank for institutional customers. BIDV is also the first bank to cooperate with the Research and Application Center for Resident Data under the Ministry of Public Security to successfully deploy the application of chip-based citizen ID on transactions at BIDV's self-service areas such as ATM, E-Zone, etc.

Vietlott is the only lottery from Vietnam who is a full member of both the World Lottery Association (WLA) and the Asia Pacific Lottery Association (ALPA). Vietlott operates in accordance with the most stringent standards of WLA and APLA on social responsibility, responsible gaming, risk management and security in the lottery business. After more than 10 years of establishment and development, Vietlott has developed a system of 182 agents, more than 5,400 business points in all provinces and cities across Vietnam, creating 11,000 jobs in localities.

BIDV

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