VNG
VNG Corporation is a major Vietnamese technology company founded in 2004.
Originally started as VinaGame, it was rebranded as VNG Corporation in 2008. VNG specializes in digital content, online entertainment, social networking, and e-commerce services.
Its main products and services include the Zalo messaging app, online games, music streaming service Zing MP3, video platform 123phim, digital payments via ZaloPay, and cloud services. In 2014, VNG was valued at over $1 billion, becoming Vietnam's first tech unicorn startup.
VNG was co-founded by Le Hong Minh, who stepped down as chairman in 2023 but remains involved with the company he helped build from its gaming origins.
VNG’s financial health in 5 charts
Tech in Asia tracks the financial numbers of Vietnam’s largest internet company.
Tran Tuan Viet Duc · · 1 min read
VNG’s Q3 revenue up $287m
Zalo, part of VNG’s core business has 77.6 million monthly active users, reflecting a 3% growth this quarter.
Grace Priscilla Teo · · 1 min read
VNG names new acting CEO amid ongoing investigation (update)
Though the reason for the probe is unclear, VNG said its business operations remain normal.
Miguel Cordon · · 2 min read
Telio’s cost-cutting gambit for new funding
The Vietnamese B2B ecommerce firm slashed monthly losses by 80% via diversifying products and trimming its sales force.
Thu Huong Le · · 6 min read20 years of growth: the VNG story
Founder Le Hong Minh reflected on the Vietnamese tech company’s journey at Tech in Asia’s Saigon Summit.
Stefanie Yeo · · 3 min readFX risk management firm launches with VNG backing
Australia-based Instantia offers updated market information to help companies with financial planning.
Miguel Cordon · · 2 min readVNLife boss deems IPO ‘too complex’ for Vietnam-based firm
Regulatory hurdles and investor disinterest make IPOs difficult for Vietnam’s tech firms, said VNLife CEO Niraan De Silva at Tech in Asia’s Saigon Summit.
Miguel Cordon · · 3 min readVNG subsidiary becomes Nvidia’s latest SEA partner
GreenNode, a subsidiary of VNG Digital Business, said it has been providing the Nvidia H100 Tensor Core GPUs to business clients since April.
Elyssa Lopez · · 1 min readVNG posts $297m in revenue, $82m in losses for 2023
However, due to a change in accounting policy, the Vietnamese firm said its results for the year are not comparable with its numbers from 2022.
Miguel Cordon · · 2 min readVietnam-based tech giant VNG drops US listing plan
However, the company said in a SEC filing that it intends to submit a new registration statement in the future.
Samreen Ahmad · · 1 min read