VIETNAM ESPORTS AND ENTERTAINMENT JOINT STOCK COMPANY

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.