20 years of continuous innovation

Over the past 20 years, we have continuously been a leader in many fields and created "industry first" products and services in Vietnam.

Key milestones:  

• 2004: Started business, pioneered the PC role-playing game market.
  2012: Launched Zalo, Vietnam's first social networking platform.

• 2013: Entered the mobile payment field with Zalopay.

• 2014: Valued at over $1 billion.

• 2017: Signed a memorandum of understanding (MOU) on listing on NASDAQ, USA.  

• 2018: Launched VNG Cloud, expanding into cloud computing.

• 2023: File F-1 registration with the US Securities and Exchange Commission, VNZ shares are listed on Vietnam's UpCom with the highest market price.

• 2024: Pursuing AI-first strategy, launching GreenNode AI Cloud infrastructure in Bangkok, cooperating with STT GDC to develop and operate world- class data centers, and integrating AI for many features on Zalo.

VNG’s impressive growth demonstrates its ability to create sustainable and long-term value through a diverse ecosystem of solutions - from games, messaging platforms, e-payments, cloud computing to artificial intelligence. The group’s products and services not only enhance the convenience, experience and efficiency for users and partners, but also create significant synergy thanks to the close complementarity between core business segments - from the ability to attract users, optimize revenue to reach the rapidly growing generation of technology-loving young people.

Promoting Vietnam's digital economy

In 2024, VNG will continue to be among the leading technology companies in Vietnam, with revenue of VND 9,273 billion and nearly 4,000 employees working in 9 cities across Vietnam and Asia. In 2024, VNG will contribute VND 1,114 billion to the state budget, marking the third consecutive year of maintaining a contribution of over VND 1,000 billion. This success is the result of 20 years of experience in the consumer technology sector, along with a long-term investment strategy for research and development.

Trusted partner of national digital transformation

VNG is proud to play an important role in promoting the digital economy and digital transformation in Vietnam. Zalo is a particularly effective bridge between the government, businesses and people. By the end of 2024, 17,273 Zalo OA accounts from state agencies and public services covered 63 provinces and cities, reaching more than 40 million users - becoming the fastest and most effective communication channel with people nationwide.

Our B2B division also helps the enterprise sector accelerate digital transformation through strategic solutions: GreenNode – the leading AI Cloud platform; TrueID – a comprehensive electronic identification (eKYC) solution used by more than 40 banks; VNG Cloud – supporting more than 1,000 customers. VNG's AI achievements were also recognized when Zalo AI won three MMA SMARTIES 2024 awards for innovative marketing solutions.

Technology for the community

In addition to the goal of business growth, VNG always focuses on creating positive values ​​for society and the community. We always believe that technology must serve people in the most important moments. During the super typhoon Yagi in September 2024, Zalo sent 143 million warning messages via the Zalo OA account of the "National Steering Committee for Natural Disaster Prevention" and helped 1 million people update their safety status via Zalo SOS. Previously, during the COVID-19 pandemic, Zalo Connect helped connect more than 100,000 support activities in 45 provinces and cities.

Our UpRace initiative is a unique combination of technology, running and charity - attracting 632 thousand participants over 6 years of organization, with a total running distance of 25 million km, raising nearly 32 billion VND for social organizations. In the gaming field, we cooperate with VIRESA to promote professional e-sports, accompanying Vietnamese athletes at many SEA Games and ASIAD 19. Notably, in 2024, VNG will cooperate with the Post and Telecommunications Institute (PTIT) to launch Vietnam's first formal game development training program at a public university.

Looking to the future, we will continue to leverage the power of AI, expand our footprint in the international market, and fulfill our corporate social responsibility. We will continue to create new values ​​for Vietnam and take the Vietnamese technology brand further.

"VNG's dream has never changed - we want to build technology, develop people and become a global technology company, creating real value for users and society," said Founder and Chairman Le Hong Minh.

This is a series of excerpts from VNG Annual Report 2024. See full version   here.

 

Source: https://www.vng.com.vn/news/enterprise/vng20-ar2024.html