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Vietnam Football Federation posts record revenue in year of achievements

Sunday, December 29, 2019, 12:11 GMT+7
Vietnam Football Federation posts record revenue in year of achievements
Vietnamese players celebrate winning the final of men's football at the 2019 Southeast Asian Games in the Philippines. Photo: Nguyen Khoi / Tuoi Tre

The Vietnam Football Federation (VFF) has reported an almost-150-percent ascent in revenue and a profit seven times its target in a year when Vietnamese football has made impressive achievements in international arenas.

The football governing body raked in VND240 billion (US$10.4 million) in 2019, which is 1.45 times its VND165 billion ($7.1 million) target, the VFF said in a press conference on Saturday.

“We’ve made a profit that is 747 percent of what we had planned to,” Le Hoai Anh, VFF’s general secretary, told Tuoi Tre (Youth) newspaper.

“This results from Vietnamese football’s achievements that have captured the attention of both fans and firms.”

The VFF plans to earn VND256 billion ($11 million) in revenue in 2020, according to Cao Van Chong, deputy chairman in charge of communications at the federation.

The federation has signed a few sponsorship agreements and believe it will achieve that target, Chong said.

The VND240 billion revenue is the biggest amount the VFF has ever made in a year so far. The fund came mostly from corporate donations.

This year, the VFF has clinched deals with realty giants Hung Thinh and Vingroup, which promised to provide massive sponsorships for Vietnamese football.

The 2019 has proved extremely successful for Vietnamese football.

Vietnam are leading their Group G unbeaten in Asia’s second round of the 2022 FIFA World Cup qualification, earning 11 points after five games, followed by Malaysia on nine points, Thailand on eight points, the UAE on six points, and Indonesia on zero points.

In December, Vietnam U22s struck gold in Southeast Asian Games men’s football for the first time in 60 years.

The Golden Dragons have also qualified for the finals of the 2020 AFC U23 Championship in Thailand in January, after an invincible qualifying round.

They will play Jordan, the UAE, and North Korea in Group D.

The Vietnamese national women’s football team claimed the 2019 AFF Women's Championship in August, their third title in the tournament, won their sixth gold medal at the Southeast Asian Games in the Phillipines in December, and have advanced to the final qualifying round for the 2020 Olympics.

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