VMG Media

What VMG Media does

VMG Media (Công ty Cổ phần Truyền thông VMG) is a Vietnamese joint-stock digital content and technology company founded in 2006 in Hanoi, operating across four service pillars: mobile telecommunications value-added services (SMS Brandname, ZNS, MMS), digital content licensing and broadcasting (including exclusive Bundesliga, DFB Pokal, and FIFA Women's World Cup rights), electronic identity verification (VMG eID, VMG Bio-2345), and digital transformation services for government and enterprise. Its eKYC platform runs as a cloud-based API and SDK supporting chip-embedded ID card reading via NFC, AI-based face matching, liveness detection, and real-time cross-verification against Vietnam's Ministry of Public Security national population database, with a 200+ IT engineering team supporting the stack and ISO 9001:2015 certification covering the SMS Brandname service. The company describes itself as Vietnam's largest digital content provider on mobile telecommunications networks with annual revenue in the thousands of billions of Vietnamese dong.

VMG monetizes through a mix of subscription-based and usage-based pricing: eKYC packages start at 800,000 VND/month (1,000 requests) and scale to 40,000,000 VND for six-month enterprise contracts, with custom quote-based pricing above 100M VND. Mobile VAS revenue flows through partnerships with Vietnamese mobile network operators (Viettel, VNPT/VinaPhone, Vinaphone) under subscription and licensing models, while sports content rights generate licensing, advertising, and subscription revenue. Digital transformation is delivered as professional services to government, banking, healthcare, logistics, and fire safety sectors. The customer base spans major Vietnamese banks (Vietcombank, LPBank, PBC), securities firms (VPS, DNSE, AFiex, Alpha Securities), and additional financial services players, with Vietcombank as a flagship eKYC anchor.

Distribution combines direct enterprise sales, a self-service eKYC platform at ekyc.vmgmedia.vn, and channel/reseller relationships with telecom operators and integration partners. Recent strategic activity — HyperVerge e-KYC partnership (Dec 2024), GTEL/VNeID strategic agent agreement (2024), VNPT Enkidu Education launch (May 2024), Next Media Bundesliga rights (Aug 2023), and VMG eID/Bio-2345 launches (April 2024) — signals expansion into regulated identity, sports content, education, and adjacent verticals. The company is preparing for an HOSE listing following shareholder approval in April 2024, has expanded its board with banking, finance, and IT expertise, and continues to invest in API-first productization of its identity verification stack.

Name

VMG Media

Legal name

Công ty Cổ phần Truyền thông VMG

Website

https://vmgmedia.vn

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

251–500 employees

Short description

VMG Media is a Vietnamese digital content and technology company operating mobile telecom VAS, sports broadcasting (Bundesliga, DFB Pokal), AI-powered eKYC identity verification, and digital transformation services for banks, government, and enterprises across Vietnam.

Ownership category

akta.pro rank

Product category

Digital Identity Verification & Mobile Content Services

NAICS

Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (516210)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro industry

PRIMARYMPAHALAK

DRM, Key Management & License Services (Multi-DRM, KMS)

Media, Entertainment & Sports/Media Technology & Services (Post-Production, VFX, Animation, Streaming Infrastructure)/Rights, Metadata & Content Supply Chain (Avails, Scheduling, DRM/Watermarking)

SECONDARYMPAHAJAI

DRM, License Delivery & Content Protection (Widevine/FairPlay/PlayReady)

Media, Entertainment & Sports/Media Technology & Services (Post-Production, VFX, Animation, Streaming Infrastructure)/OTT/Streaming Platform Technology (CMS, Player SDKs, Apps)

SECONDARYMPAHAMAB

DRM & License Enforcement (Multi-DRM, Key Management, Tokenization)

Media, Entertainment & Sports/Media Technology & Services (Post-Production, VFX, Animation, Streaming Infrastructure)/Media Security & Anti-Piracy Services (Forensic Watermarking, Monitoring)

SECONDARYBPAEAOAI

Endpoint & Mobile Asset Management (UEM/MDM Asset Controls)

Business & Public Services/IT & Digital Services (Managed Services, Systems Integration)/IT Asset Management & Software Licensing Services

Keywords

• Mobile value-added services
• Digital identity verification
• Enterprise messaging services
• Digital content licensing
• Digital transformation consulting

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Supply Chain, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Mobile Telecommunications Value-Added Services: SMS Brandname, ZNS, MMS and other mobile VAS services provided to enterprise customers through partnerships with mobile network operators. Revenue generated from message volume and service fees.
2. Digital Content Licensing and Broadcasting: Licensed digital content including FIFA Women's World Cup 2023, Bundesliga (5 years), and DFB Pokal (3 years) broadcasting rights. Revenue from content licensing, advertising, and subscription services. VMG is the largest digital content provider on Vietnam's mobile telecommunications network.
3. eKYC and Identity Verification Services: API-based identity verification services (chip card reading, face matching, liveness detection) sold on a usage-based pricing model to banks, financial institutions, and enterprises. Revenue generated per API request and face ID verification.
4. Digital Transformation Solutions: Comprehensive digital transformation services for government agencies and enterprises across public administration, healthcare, fire safety, and logistics sectors.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels6 records

Core offering

VMG Media is a Vietnamese digital content and technology company that delivers four core service lines: (1) mobile telecommunications value-added services including SMS Brandname, ZNS, and MMS targeting; (2) digital content media services covering licensed television channels and exclusive sports broadcasting rights (FIFA Women's World Cup, Bundesliga, DFB Pokal); (3) electronic identity verification (eKYC) solutions such as VMG eID and VMG Bio-2345 for chip-based ID card authentication and biometric face matching, integrated with Vietnam's national population database; and (4) comprehensive digital transformation services for government agencies and enterprises across public administration, healthcare, logistics, and fire safety.

Product overview

VMG Media (Công ty Cổ phần Truyền thông VMG) is a Vietnamese digital content and technology company founded in 2006, operating a multi-product portfolio across four core service pillars: (1) Mobile Telecommunications Services delivering value-added services on mobile networks; (2) Digital Content Media Services covering licensed TV channels, sports broadcasting rights (FIFA Women's World Cup 2023, Bundesliga, DFB Pokal), gameshow/film production, and music events; (3) Electronic Identity Verification Services (VMG eID, VMG Bio-2345) providing chip-embedded ID card reading via NFC, biometric face matching, and liveness detection on a cloud-based eKYC platform connected to Vietnam's national population database; and (4) Digital Transformation Services for government and enterprise clients across public administration, healthcare, logistics, and fire safety. Supporting these core pillars are add-on products including VMG MMS Targeting for targeted multimedia messaging, SMS Brandname and ZNS (Zalo Notification Service) via the MOMA Marketing platform, bundled with Moma CRM for customer management, VMG Profile for marketing analytics, and VMG Pay for digital payments. The eKYC platform (https://ekyc.vmgmedia.vn/) serves as a distinct technology product line offering cloud-based identity verification APIs and SDKs.

Differentiator

Problem solved

Functional benefit

Brands

• VMG eKYC: Electronic Know Your Customer service providing identity verification using chip-based ID cards and biometric authentication
• VMG eID
• VMG Bio-2345
• VMG Profile
• VMG Pay

Products and services

• VMG eID Electronic identity authentication solution that reads and verifies chip-embedded Citizen ID cards via NFC and cross-references data with Vietnam's Ministry of Public Security national population database (A05/C06), delivering ID card verification in 50–200 ms. Targeted at banks and financial institutions needing compliance with Decision 2345.
• VMG Bio-2345 Biometric authentication solution providing face-based and fingerprint biometric verification for bank customers with 99% accuracy and 200–600 ms face matching speed, designed to comply with State Bank of Vietnam Decision 2345 for online transaction security.
• VMG MMS Targeting Modern multimedia messaging targeting solution that enables businesses to deliver multimedia content to specific customer segments with high effectiveness and low marketing costs.
• SMS Brandname Branded SMS notification service that delivers text messages to customers under a registered company or brand name, certified under ISO 9001:2015 for quality management. Targeted at enterprises for direct customer communication and brand messaging.
• ZNS (Zalo Notification Service) Notification messaging service delivered through the Zalo platform enabling enterprises to send branded notifications and engage with customers on the popular Zalo messaging channel, bundled with free Moma CRM access.
• VMG Profile Digital marketing and customer analytics product that helps businesses optimize advertising costs, analyze user behavior, and target specific customer segments for marketing campaigns.
• Mobile Telecommunications Value-Added Services Value-added services (VAS) delivered on Vietnamese mobile telecommunications platforms through partnerships with mobile network operators, including branded messaging, content distribution, and subscription services.
• Digital Content Media Services Television channels with licensed content, gameshow and film production, music event organization, and exclusive broadcasting rights for premium international sports content including FIFA Women's World Cup 2023, Bundesliga (5 years), and DFB Pokal (3 years) in Vietnam.
• VMG eKYC Platform Cloud-based electronic identity verification platform that supports chip-embedded ID card reading via NFC, OCR, AI-based face matching with 99% accuracy, and liveness detection, with direct connectivity to Vietnam's national population database. Supports 10,000 concurrent users per server node and offers white-label deployment.
• Digital Transformation Services Comprehensive digital transformation services for government agencies and enterprises across public administration, healthcare, fire safety, logistics, and education sectors, including digital education portals.

Quantifiable outcome

• Chip card authentication speed: 50-200ms processing time
• +4 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability7 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• HyperVergecoreTechnology or Integration · 1 December 2024VMG partnered with HyperVerge, a company possessing world-leading e-KYC technology, for comprehensive development of electronic identity verification solutions. Báo 24H, Vneconomy, and CafeF reported on this strategic partnership for AI-powered identity authentication technology.
• The AurasminorStrategic or Co-development Partner · 2 October 2024Strategic partner for Wemart supermarket chain digital transformation. The Auras opened first 5 Wemart stores in Hanoi with VMG's digital transformation support.
• VNPTcoreStrategic or Co-development Partner · 1 May 2024Partnership with VNPT to launch Enkidu Education Portal on VinaPhone mobile network, providing digital education content and services to mobile subscribers.
• MMO GlobalminorGTM or Marketing Partner · 1 January 2024Partnership with MMO Global to provide SMS Brandname services on MOMA Marketing platform, expanding reach for enterprise messaging solutions.
• GTEL (Tổng công ty Công nghệ Viễn thông Toàn cầu)coreTechnology or Integration · 1 January 2024Strategic agent relationship with GTEL for deploying VNeID services licensed by the Ministry of Public Security (BCA). GTEL is authorized to provide electronic identity account verification services for citizens, businesses, and foreigners under Decree 59/2022/NĐ-CP. VMG is certified as authorized distributor for citizen information authentication.
• Next MediacoreStrategic or Co-development Partner · 21 August 2023Joint partnership with Next Media to acquire and broadcast Bundesliga (5 years) and DFB Pokal (3 years) sports rights in Vietnam. VTVcab serves as broadcasting partner for all match coverage.
• ITU Digital World 2021minorGTM or Marketing Partner · 1 October 2021VMG participated in ITU Digital World 2021 exhibition, the global digital exhibition platform with participation from 193 ITU member countries. Showcased Vietnamese digital transformation solutions to international audience.
• VINASA (Hiệp hội Phần mềm và Dịch vụ CNTT Việt Nam)coreGTM or Marketing Partner · 1 January 2021Media sponsorship partnership for VINASA activities and digital transformation support. Long-standing partnership with Vietnam's software and IT services association.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• FPT Corporation: Vietnam's largest IT conglomerate with operations in telecom (FPT Telecom), IT services (FPT Software), digital content, and education. Most comparable to VMG's diversified four-pillar model at much larger scale, but with stronger international footprint.
• Viettel: Vietnam's largest mobile network operator with extensive VAS, digital content, and digital transformation services. VMG partners with Viettel as a channel for SMS/ZNS distribution, but Viettel also competes by building its own digital content and identity services.

Direct peers

• VNPT: Vietnamese state-owned telecom operator with mobile VAS, digital content, and digital transformation arms. VMG has an active partnership with VNPT (VinaPhone) for the Enkidu Education Portal—competing and cooperating across similar service categories.
• MobiFone: Vietnamese mobile network operator offering mobile VAS, digital content, and enterprise telecom services. Operates as both a partner and competitor to VMG in mobile content distribution and enterprise VAS.
• Zalo (VNG Corporation): Vietnam's leading messaging platform and VNG's consumer internet arm. VMG's ZNS (Zalo Notification Service) is built on Zalo's platform—making Zalo both a critical infrastructure partner and a potential competitor for enterprise messaging and digital content distribution.
• VNPay: Vietnam's leading payment platform serving banks and merchants with QR payments and digital financial services. Comparable to VMG's enterprise fintech/government focus (VMG Pay); both compete in digitizing Vietnamese financial services.

Regional players

• True Digital Group: Thailand-based digital arm of True Corporation offering digital content, VAS, identity verification, and digital transformation. Comparable to VMG as a regional telecom-affiliated digital services platform, though serving Thailand rather than Vietnam.
• MoMo: Vietnam's largest mobile wallet and consumer fintech super-app with strong digital identity and merchant verification capabilities. Adjacent competitor to VMG Pay and VMG eKYC in the broader Vietnamese digital identity ecosystem.

Emerging players

• Onfido: Global AI-based digital identity verification provider offering eKYC solutions to banks and fintechs. Direct competitive overlap with VMG eKYC, particularly as global players expand into Southeast Asia; VMG has the regulatory edge in Vietnam but Onfido has superior global AI benchmarks.
• Jumio: Global identity verification and eKYC platform serving banks, fintechs, and enterprises. Competes with VMG in enterprise KYC, with broader geographic reach but limited presence in Vietnam's national-ID-certified tier.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@vmgmediagroup9765
• Facebookfacebook.com/Vmgpage
• LinkedInlinkedin.com/company/vmg-media-jsc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VMG Media