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VNG GROUP JSC

Active

Business ID 0303490096

84-28 / 3962 3888 / +84 1900 561 558

VNG GROUP JSC

Active

Business ID 0303490096

84-28 / 3962 3888 / +84 1900 561 558

VNG GROUP JSC

Active

Summary

Name:

VNG GROUP JSC

Business ID (TIN):

0303490096

Date of Registration:

09 Sep 2004

Registered Office:

Ho Chi Minh City Department of Finance

Ticker:

VNZ

Address:

No. Z06, Road No. 13, Tan Thuan Ward, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3962 3888 / +84 1900 561 558

Financial Statement:

2020, 2021, 2022, 2023, 2024

VNG CORPORATION (CÔNG TY CỔ PHẦN VNG), business registration number 0303490096, is widely recognized as a tech trailblazer in Vietnam. Founded in 2004 and headquartered in District 7, Ho Chi Minh City, VNG has spent more than two decades building a diversified digital empire—stretching across games, social media (Zalo), fintech, and cloud-based digital services. With over 3,300 employees, a publicly traded status (stock symbol: VNZ on UPCOM), and global ambitions, VNG has become a flagship name in Vietnam’s tech ecosystem.

Yet while the company continues to grow its digital footprint, its financial story is complex. In 2024, VNG posted revenue of USD 390.49 million, a 25.18% increase year-over-year—driven by its expanding user base and continued monetization efforts. However, that topline success masks some troubling trends. The company reported a net loss of USD 41.82 million, following even larger losses in the two previous years. While this represents an improvement compared to the USD 95 million loss in 2023, it still highlights an ongoing struggle to achieve sustainable profitability.

Equity has also taken a hit, falling more than 54% in 2024 to USD 52.18 million, while total assets contracted slightly to USD 388.64 million. The company’s working capital stands at negative USD 59.44 million, a red flag for liquidity and operational flexibility. Despite strong sales performance, the widening equity gap and recurring losses point to either heavy reinvestment in R&D or ongoing inefficiencies in cost management.

Leadership at VNG remains under the guidance of Chairman Le Hong Minh, with support from senior executives including Vice Presidents Vuong Quang Khai (Vietnamese) and Kelly Yin Hon Wong (Canadian). Ownership is split between international and local players—VNG Limited (Cayman Islands) holding 49% and BIGV Technology Corporation (Vietnam) holding over 21%. This structure underscores the company's global outlook and venture capital roots, but also introduces governance and compliance challenges typical of cross-border ownership.

In industries moving as fast as tech and digital entertainment, access to verified, up-to-date corporate intelligence is essential—especially for investors, partners, or clients looking to navigate financial volatility and ownership complexity. This is where VANGUARD BUSINESS INFORMATION LLC (VBI) plays a vital role. As a leading provider of business verification and corporate credit reports, VBI helps global and domestic stakeholders assess companies like VNG CORPORATION with accuracy and confidence. Through detailed risk analysis, equity structure evaluations, and financial health checks, VBI empowers users to make informed decisions in high-growth but high-risk sectors.

Despite its financial challenges, VNG CORPORATION remains one of the most innovative digital firms in Southeast Asia. Its ability to capture users across multiple platforms and maintain market leadership in online gaming and messaging gives it an undeniable strategic advantage. But for VNG to fulfill its long-term potential—especially with IPO ambitions and global partnerships in play—it must tighten operational discipline and reverse its prolonged losses.

In today’s information-driven economy, even the brightest tech stars must be measured with clarity and caution. Thanks to independent intelligence providers like VBI, that clarity is now within reach.

Legal Profile

English Name:

VNG GROUP JSC

Vietnamese Name:

CÔNG TY CỔ PHẦN TẬP ĐOÀN VNG

Short Name:

VNG GROUP

Business ID (TIN):

0303490096

Date of Registration:

09 Sep 2004

Registered Office:

Ho Chi Minh City Department of Finance

Ticker:

VNZ

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ LE H.M

+ KELLY Y.H.W

+ TAN W.M

+ NGUYEN L.T

+ VUONG Q.K

+ LE T.T

Address:

No. Z06, Road No. 13, Tan Thuan Ward, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3962 3888 / +84 1900 561 558

Branch:

17th Floor, ROX Tower Building, No. 54A, Nguyen Chi Thanh Street, Lang Ward, Ha Noi City, Vietnam

Other:

9th Floor, Bach Dang Complex Building, No. 50, Bach Dang Street, Hai Chau Ward, Da Nang City, Vietnam

Other:

Lot S.38b-39-40, Road No. 19, Tan Thuan Export Processing Zone, Tan Thuan Ward, Ho Chi Minh City, Vietnam

Other:

Helios Building, Lot 6, Road 3, Quang Trung Software Park, Trung My Tay Ward, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

6202 Computer consultancy and computer system management

Industry Sales Growth

CAGR (2019 - 2023)

7.10%

YoY (2023)

9.72%

Companies by industry

Company distribution and propportions

1,881

0.0647%

Key Industry Players

Top 10 companies in computer consultancy and computer system management industry

southern technology development company limited lotte innovate vietnam company limited microtec vietnam co., ltd softwareone vietnam company limited worldquant investment software vietnam llc lg cns vietnam co .,ltd binhminh technology joint stock company ewlett-packard vietnam software and information technology company limited berjaya gia thinh investment technology joint stock company branch of thanh son communication services trading company limited

Payment History

Purchase the report to access company details.

Financial Performance

Assets	28.06%
Owner’s Equity	-43.87%
Working Capital	-24.36%
Net Worth	46.28%
Sales	62.04%
Operating income	-43.89%
EBIT	47.91%
Gross Profit Margin	-5.86%
Debt to EBITDA	57.88%

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Negative Payment Records

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Opinion from Analysts

Specific Questions About VNG GROUP JSC

When did VNG GROUP JSC start operating?

VNG GROUP JSC was started in 09 Sep 2004

What industry does VNG GROUP JSC operate in?

VNG GROUP JSC is operating in "Computer consultancy and computer system management" industry

How can I contact VNG GROUP JSC?

VNG GROUP JSC phone numbers is 84-28 / 3962 3888 / +84 1900 561 558

What adverse news is there about VNG GROUP JSC?

VNG GROUP JSC’s has 7 bad news

What is stock symbol of VNG GROUP JSC?

VNG GROUP JSC’s stock symbol is VNZ

Where is the location of VNG GROUP JSC?

VNG GROUP JSC is located at No. Z06, Road No. 13, Tan Thuan Ward, Ho Chi Minh City, Vietnam

What is VNG GROUP JSC’s business registration?

VNG GROUP JSC business registration is 0303490096

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