VNG Corporation

What VNG Corporation does

VNG Corporation is a Vietnamese technology company founded in 2004, operating as a private joint stock company (Công ty Cổ phần VNG) headquartered in Ho Chi Minh City with approximately 4,225 employees. The company runs a diversified digital ecosystem organized around four business pillars: Online Gaming (VNGGames, including the ZingPlay Game Studios), Connection Platforms, Payment & Digital Finance (Zalopay), and AI & Cloud solutions (GreenNode). VNG's stated mission is "Creating Technology and Developing People, from Vietnam to the World," and it operates alongside its HCMC headquarters with an office in Hanoi, plus international offices in Bangkok, Taipei, Beijing, Kuala Lumpur, and Manila, with claimed presence in Australia. Its primary customer bases span end consumers (gamers, digital payment users) and enterprise customers (AI/cloud infrastructure buyers, corporate IT clients).

Name

VNG Corporation

Legal name

Công ty Cổ phần VNG

Website

https://career.vng.com.vn

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

VNG Corporation is a Vietnam-based technology company operating an integrated digital ecosystem across online gaming (VNGGames), digital payments (Zalopay), connection platforms, and AI/cloud infrastructure (GreenNode), serving consumers and enterprises across Southeast and East Asia with approximately 4,225 employees.

Ownership category

akta.pro rank

Product category

Digital Technology Platforms

NAICS

Software Publishers (5132), Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (516210)

SIC

Games, Toys & Children's Vehicles (No Dolls & Bicycles) (3944), Services-Computer Programming Services (7371)

akta.pro primary industry

Outsourced Art/Audio Production Services (2D/3D, Animation, VFX, Audio/VO) (MPAFAKAM)

akta.pro secondary industry

Gaming & Virtual World Communities (BPAMABAE)

Keywords

• Online game publishing
• Digital payment services
• Cloud computing platform
• AI inference infrastructure
• Enterprise IT services

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. Online Gaming: VNG develops and publishes online games through VNGGames, including titles under ZingPlay Game Studios. Revenue is generated from in-game purchases, subscriptions, and game publishing across domestic and international markets.
2. Connection Platforms: VNG operates platforms that connect users, generating revenue through platform services, premium features, and advertising.
3. Payment & Digital Finance (Zalopay): Zalopay, VNG's fintech subsidiary, provides digital payment solutions including the Zalopay Soundbox merchant device, e-wallet services, and merchant payment processing. Revenue comes from transaction fees on payment volume and merchant services.
4. Enterprise Digital Solutions: VNG provides digital transformation solutions for businesses, including AI & Cloud services (GreenNode GPU cloud, AI inference platforms), IT infrastructure management, and business process automation.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

VNG Corporation develops and operates a diversified digital ecosystem built entirely by Vietnamese engineers, spanning four pillars: online games (VNGGames, ZingPlay, ZingPlay Game Studios), connection platforms, digital finance (Zalopay e-wallet and merchant Soundbox), and AI/cloud infrastructure delivered through its GreenNode subsidiary. The company combines consumer products with enterprise-grade AI and managed IT services, integrating payments, gaming and AI compute into a single in-house technology stack.

Product overview

VNG Corporation operates a diversified digital ecosystem with four main business segments: Online Gaming (VNGGames, including ZingPlay Game Studios), Connectivity Platforms, Payment & Digital Finance (Zalopay), and AI & Cloud solutions (GreenNode). The company is Vietnam's leading technology corporation, with products and services developed by Vietnamese engineers. VNG Games focuses on game development and publishing; Zalopay provides fintech and digital payment solutions; and GreenNode offers AI cloud infrastructure for enterprise AI workloads.

Differentiator

Problem solved

Functional benefit

Brands

• VNGGames: VNG's gaming division responsible for game development, publishing, and operations across various game titles.
• Zalopay
• GreenNode

Products and services

• VNGGames

Quantifiable outcome

• Over 11,000 student interactions generated through career engagement programs in first half of 2026
• +2 more outcomes

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core, major and minor.

• VNGGamescoreStrategic or Co-development PartnerVNGGames is VNG's core business unit for game development, publishing, and live operations. It operates ZingPlay Game Studios and manages game studios across Vietnam and internationally. VNGGames develops games across mobile, PC, and console platforms and is supported by VNG's full technology ecosystem including data analytics (Game Data Studio), AI engineering, and Agile project management practices.
• ZalopaycoreStrategic or Co-development PartnerZalopay is VNG's fintech subsidiary providing digital payment and financial services. It operates an e-wallet for consumers and the Zalopay Soundbox merchant device for SME payments. Zalopay distributes through a nationwide network of commission-based collaborators and is supported by VNG's technology infrastructure and brand reach.
• GreenNodecoreTechnology or IntegrationGreenNode is VNG's AI and cloud infrastructure subsidiary providing GPU cloud services, LLM inference platforms, and AI agent automation solutions. GreenNode serves enterprise customers requiring scalable AI compute and AI-native platform services, leveraging VNG's engineering talent and technology capabilities.
• UIT (University of Information Technology, VNU-HCM)majorStrategic or Co-development PartnerVNG has been a main sponsor of UIT's annual 'Thach Thuc' (Challenge) academic IT competition for 10 consecutive years, and hosted the VNG x UIT Mind Challenge in 2026 as part of VNG Career Tour. VNG also served as main sponsor at UIT, HCMUS, and HCMUT career events in 2025.
• HCMUS (Ho Chi Minh City University of Science)majorStrategic or Co-development PartnerVNG participated as main sponsor at the HCMUS career fair in 2025 as part of its university engagement strategy, connecting with technology students in one of Vietnam's leading science universities.
• HCMUT (Ho Chi Minh City University of Technology)majorStrategic or Co-development PartnerVNG was a main sponsor at the HCMUT career fair in 2025, reaching engineering students as part of its university recruitment and employer branding program.
• NEU (National Economics University), HanoimajorStrategic or Co-development PartnerVNG engaged with over 1,200 students at NEU in Hanoi during VNG Career Tour 2025, including CV check-up activities and career counseling sessions.
• UET (University of Engineering and Technology), HanoimajorStrategic or Co-development PartnerVNG participated in career activities at UET in Hanoi as part of its northern Vietnam university engagement strategy during VNG Career Tour 2025.
• SoICT (School of Information and Communication Technology), HanoimajorStrategic or Co-development PartnerVNG engaged with students at SoICT in Hanoi as part of its northern Vietnam university recruitment tour in 2025.
• RMIT University VietnamminorStrategic or Co-development PartnerVNG attended RMIT Careers Fair for the first time in 2025, reaching students from diverse academic disciplines beyond technology, expanding its employer branding reach.
• FTU2 (Foreign Trade University, Branch 2)minorStrategic or Co-development PartnerVNG participated in FTU2 Job Fair in 2025, where the Zalopay Mini Business Case competition attracted over 150 registrations and identified the Top 5 outstanding candidates.
• CP Paper (Cong Ty Co Phan Giay CP)minorOthersVNG provides managed IT services to CP Paper's office in Ho Chi Minh City, with a dedicated Senior IT Engineer stationed onsite to manage IT infrastructure for approximately 100 employees. This is an example of VNG's Business Operations unit providing IT outsourcing services to external corporate clients.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• NetEase: NetEase is a leading global game developer and publisher (mobile/PC) with growing cloud and education businesses. Comparable to VNG as a gaming-led diversified tech firm with proprietary engineering and in-house content.
• LINE Corporation (LY Corporation): LINE runs LINE messaging, LINE Pay (fintech), and LINE Games in Japan/Taiwan/Thailand/Indonesia. Its super-app strategy in messaging + payments + gaming is structurally similar to VNG's four-pillar approach.
• ByteDance: ByteDance operates TikTok, Douyin, gaming (Nuverse), and enterprise AI. Its multi-vertical digital platform with strong social/messaging + gaming + AI/Cloud expansion parallels VNG's ecosystem ambitions.
• Grab Holdings: Grab runs ride-hailing, deliveries, and GrabPay/GrabFinancial across SE Asia. Comparable to VNG as a multi-vertical SE Asia digital platform with a major fintech subsidiary and consumer super-app positioning.
• Tencent Holdings: Tencent operates WeChat (messaging/payments), Tencent Games, Tencent Cloud, and AI investments. A scaled global incumbent whose ecosystem model (messaging + gaming + fintech + cloud) is the gold-standard version of VNG's strategy.

Direct peers

• MoMo (M_Service): MoMo is Vietnam's leading e-wallet, operating directly against Zalopay in domestic payments and merchant acquisition. It is the most direct Vietnamese fintech competitor for VNG's Zalopay business.
• Kakao Corporation: Kakao operates KakaoTalk (messaging), KakaoPay (fintech), KakaoGames, and Kakao Mobility in Korea. Its integrated messaging-plus-payments-plus-gaming ecosystem mirrors VNG's four-pillar structure.
• Sea Limited: Sea Limited operates Garena (gaming), Shopee (e-commerce), and SeaMoney (fintech) across Southeast Asia. It is the closest peer to VNG because of its multi-vertical SE Asia digital ecosystem with strong gaming and payments franchises.
• Garena (Sea Limited subsidiary): Garena is SE Asia's leading game publisher (Free Fire). As Sea Limited's gaming arm, it competes directly with VNGGames for regional publishing scale and gamer mindshare across Vietnam, Thailand, Indonesia, and the Philippines.
• GoTo Group: GoTo combines on-demand services (Gojek), e-commerce (Tokopedia), and fintech (GoPay) in Indonesia. Comparable to VNG as a multi-product SE Asia super-app incumbent with gaming-adjacent digital entertainment aspirations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/VNGCareers
• LinkedInlinkedin.com/company/vng-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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 VNG Corporation