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VIETNAM ESPORTS AND ENTERTAINMENT JOINT STOCK COMPANY

Active

Business ID 0105301438

84-24 / 7305 3939

VIETNAM ESPORTS AND ENTERTAINMENT JOINT STOCK COMPANY

Active

Business ID 0105301438

84-24 / 7305 3939

VIETNAM ESPORTS AND ENTERTAINMENT JOINT STOCK COMPANY

Active

Summary

Name:

VIETNAM ESPORTS AND ENTERTAINMENT JOINT STOCK COMPANY

Business ID (TIN):

0105301438

Date of Registration:

10 May 2011

Registered Office:

Ha Noi City Department of Planning and Investment

Address:

29th Floor, Lotte Center Hanoi, No. 54, Lieu Giai Street, Cong Vi Ward, Ba Dinh District, Ha Noi City, Vietnam

Phone:

84-24 / 7305 3939

Financial Statement:

2020, 2021, 2022, 2023, 2024

VIETNAM ESPORTS AND ENTERTAINMENT JOINT STOCK COMPANY (Công Ty Cổ Phần Giải Trí và Thể Thao Điện Tử Việt Nam) is a major private player in Vietnam’s digital entertainment and online gaming sector. Registered under business ID 0105301438 and headquartered at Capital Place Building in Hanoi, the company is best known for operating under the Garena.vn brand. Since its establishment in 2011, the company has grown into one of the country’s dominant forces in e-sports, boasting a workforce of approximately 1,500 employees and delivering robust financial performance, even in a volatile digital entertainment landscape.

Despite experiencing a revenue decline in 2023, dropping to USD 220.26 million from USD 283.84 million in 2022, the company’s profit nearly doubled during the same period, surging to USD 8.86 million, up 87.72%. This reflects a significant improvement in cost management or higher margins from core services. Owner's equity also strengthened sharply to USD 31.59 million, reinforcing investor confidence and financial resilience. However, total assets have been declining consistently over the past three years, indicating either asset streamlining or reduced investment in infrastructure and technology.

The company’s main activities include the production, development, and distribution of online games, along with other related IT services. It also engages in digital advertising, web portal management, data hosting, and telecom activities. Its ownership structure is led by Garena Vietnam Private Limited, a Singaporean entity holding a 69.5% stake, while Vietnamese individuals Le Minh Tri and Mai Minh Huy collectively hold the remaining 30.5%. The foreign-majority ownership aligns the company with global gaming trends and technological benchmarks, offering competitive advantages in content and user experience.

Under the leadership of General Director Vu Chi Cong, Vietnam Esports has adapted to market challenges while securing profit growth, even amid a 22.4% drop in sales. This shows a maturing enterprise capable of navigating industry cycles. Still, the continuous decline in total assets should be closely monitored, as it may suggest restrained reinvestment in long-term development.

Overall, VIETNAM ESPORTS AND ENTERTAINMENT JOINT STOCK COMPANY remains a formidable and dynamic enterprise in the Vietnamese tech-entertainment space. It is well-capitalized, strategically aligned with international expertise, and has demonstrated strong bottom-line management. For a deeper financial review or risk assessment of this or any other Vietnamese company, consult VANGUARD BUSINESS INFORMATION LLC (VBI), the leading source for verified business intelligence and corporate due diligence.

Legal Profile

English Name:

VIETNAM ESPORTS AND ENTERTAINMENT JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN GIẢI TRÍ VÀ THỂ THAO ĐIỆN TỬ VIỆT NAM

Short Name:

GARENA

Business ID (TIN):

0105301438

Date of Registration:

10 May 2011

Registered Office:

Ha Noi City Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

VU C.C

Address:

29th Floor, Lotte Center Hanoi, No. 54, Lieu Giai Street, Cong Vi Ward, Ba Dinh District, Ha Noi City, Vietnam

Phone:

84-24 / 7305 3939

Head Office:

6th Floor, Capital Place Building, No. 29, Lieu Giai Street, Ngoc Khanh Ward, Ba Dinh District, Ha Noi City, Vietnam

Representative office:

24th Floor, Saigon Center 2 Building, No. 67, Le Loi Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

6201 Computer programming activities

NACE:

62.01 Computer programming activities

Industry Sales Growth

CAGR (2019 - 2023)

4.45%

YoY (2023)

8.28%

Companies by industry

Company distribution and propportions

12,459

0.4285%

Key Industry Players

Top 10 companies in computer programming activities industry

fpt is company limited etc technology systems joint stock company bosch global software technologies company limited misa joint stock company nashtech vietnam company limited sun asterisk vietnam company limited vietnam esports and entertainment joint stock company smartosc corporation shopeepay joint stock company gate online service joint stock company

Payment History

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Financial Performance

Assets	-33.15%
Owner’s Equity	82.02%
Working Capital	-77.32%
Net Worth	-90.17%
Sales	44.96%
Operating income	-10.36%
EBIT	-38.36%
Gross Profit Margin	23.97%
Debt to EBITDA	-14.66%

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Specific Questions About VIETNAM ESPORTS AND ENTERTAINMENT JOINT STOCK COMPANY

When did VIETNAM ESPORTS AND ENTERTAINMENT JSC start operating?

VIETNAM ESPORTS AND ENTERTAINMENT JSC was started in 10 May 2011

What industry does VIETNAM ESPORTS AND ENTERTAINMENT JSC operate in?

VIETNAM ESPORTS AND ENTERTAINMENT JSC is operating in "Computer programming activities" industry

How can I contact VIETNAM ESPORTS AND ENTERTAINMENT JSC?

VIETNAM ESPORTS AND ENTERTAINMENT JSC phone numbers is 84-24 / 7305 3939

What adverse news is there about VIETNAM ESPORTS AND ENTERTAINMENT JSC?

VIETNAM ESPORTS AND ENTERTAINMENT JSC’s has no negative news

What is stock symbol of VIETNAM ESPORTS AND ENTERTAINMENT JSC?

VIETNAM ESPORTS AND ENTERTAINMENT JSC is not listed company

Where is the location of VIETNAM ESPORTS AND ENTERTAINMENT JSC?

VIETNAM ESPORTS AND ENTERTAINMENT JSC is located at 29th Floor, Lotte Center Hanoi, No. 54, Lieu Giai Street, Cong Vi Ward, Ba Dinh District, Ha Noi City, Vietnam

What is VIETNAM ESPORTS AND ENTERTAINMENT JSC’s business registration?

VIETNAM ESPORTS AND ENTERTAINMENT JSC business registration is 0105301438

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