VNG Corporation announced a 25% year-on-year increase in net revenue, reaching 2,571 billion VND in the second quarter of 2025. The group also reported a profit of 15 billion VND, a significant improvement from the over 500 billion VND loss in the same period of 2024. VNG contributed 168 billion VND to the state budget during the quarter.
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VNG's 2025 Annual General Meeting. Photo: VNG |
VNG's 2025 Annual General Meeting. Photo: VNG
Gaming remains VNG's primary revenue source. Bookings reached 1,926 billion VND, with 17% coming from international markets. Lineage 2M (published through a joint venture with NCSOFT) reached 1.3 million downloads in Southeast Asia. Forbidden Realm, developed by Zingplay, entered the top 6 on Thailand's App Store. VNGGames continued to be honored at the Vietnam Game Awards for the third consecutive year and at the World Business Outlook Awards for its business performance, market expansion, and technology strategy.
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The first specialized workshop for Roblox game developers. Photo: VNG |
The first specialized workshop for Roblox game developers. Photo: VNG
During the second quarter, Zalo, a member of VNG Corporation, joined the Vietnam AI Alliance and introduced KiLM-13B, a large language model ranked highly for its Vietnamese processing capabilities. Zalopay, VNG’s payment platform, launched its international QR code scanning feature in Singapore, where over 393,000 Vietnamese tourists visited in 2024. This feature allows Zalopay users to make payments at over 120,000 stores through NETS QR, GrabPay QR, SGQR, and Alipay+ QR without currency exchange or international cards. Zalopay also partnered with Danal and Shinhan Bank to implement a tuition payment service in South Korea, home to over 56,000 Vietnamese students, representing nearly 27% of international students there (as of 4/2024).
"We recognize that we cannot compete long-term with global Big Tech in AI infrastructure or models. Instead, VNG focuses on the application layer of AI," Le Hong Minh, founder of VNG, shared at the Annual General Meeting. In June, Minh was also appointed to the National Advisory Council on Science and Technology.
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Zalo joins the Vietnam AI Alliance. Photo: VNG |
Zalo joins the Vietnam AI Alliance. Photo: VNG
Based on its three-layer strategy (infrastructure, platform, and application), VNG is expanding its AI investment alongside community initiatives. In May, the company signed an agreement with Vietnam National University - Ho Chi Minh City (VNU-HCM), committing to train 1,000 students and contribute 25 billion VND to R&D over three years. VNG also opened an AI research lab at its headquarters, providing GPU infrastructure to academic research groups. GreenNode, its AI Cloud division, continues to expand its presence at domestic and regional tech forums.
VNG recently announced a change to its business registration certificate, officially changing its name to VNG Corporation. At the 2025 Annual General Meeting, Le Hong Minh emphasized that in the future, VNG will not directly manage specific business operations. This role will be handled by member companies. "In other words," he said, "the new name reflects the company's spirit and structure for the next 10 to 20 years."
Hai My
