Công ty Cổ Phần VietRace365

What Công ty Cổ Phần VietRace365 does

Công ty Cổ Phần VietRace365 operates Vietnam's first online virtual race platform, launched in May 2018 by founder and Chairman Lê Văn Dương. The platform enables individuals to register for and complete running, cycling, and swimming races remotely by syncing GPS activity data from connected fitness accounts (Strava, Garmin, Google Fit, Suunto) via OAuth, then receiving digital or physical medals and electronic certificates upon validation. Beyond individual consumers, VietRace365 hosts white-label and managed virtual races for enterprise, government, education, and NGO organizers — including partnerships with the Dak Lak Department of Culture, Sports and Tourism (Buon Ma Thuot Half Marathon 2025, 3,000+ athletes), Ho Chi Minh City University of Education (Viet Da student race, ~1,200 participants), Digiworld, Faminuts, Charm Group, and Suntory PepsiCo Vietnam.

The technology stack is a self-serve web and mobile platform with iOS and Android apps, integrated payment processing through Payoo, OnePay, MoMo, and VietComBank, and SSO via Google, Facebook, and Apple ID. VietRace365 has expanded into a multi-brand ecosystem: TimVe365 (offline race ticketing), VietStore365 (sports merchandise e-commerce), HuyChuongChayBo.com and HuyChuongSi.vn (medal products), and AoThunChayBo.com (running apparel). A Xu point reward system and an affiliate/commission program layer gamification and referral distribution on top of registration revenue. Themed race collections (GIẢI NĂM, 54 Ethnic Groups of Vietnam, 12 Zodiac Warriors, Hành Trình Xuyên Việt, regional World Series) drive recurring participation.

The business model is multi-stream and consumer-led: free and paid race registration (with optional race kits), physical merchandise sales through VietStore365, commissions from affiliate promoters and TimVe365 ticket sales, enterprise/managed race hosting services, and brand sponsorship packages (e.g., Faminuts Diamond sponsorship, 140 million VND in 2022). Pricing is freemium to low-ticket, with paid add-ons such as BIB customization (10,000 VND) and medal engraving (5,000 VND). The company is a privately held joint stock company headquartered at 91/8A Hoa Hung, Ho Chi Minh City, with five employees and no disclosed external funding, operating primarily in Vietnam with global web/app accessibility.

Name

Công ty Cổ Phần VietRace365

Legal name

Công ty Cổ Phần VietRace365

Website

https://vietrace365.vn

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Công ty Cổ Phần VietRace365 is Vietnam's first online virtual race platform, enabling individual runners, corporates, schools, and NGOs to register for and complete remote running, cycling, and swimming events via Strava, Garmin, and Google Fit integrations, with medals, certificates, and charity-linked sponsorship revenue.

Ownership category

akta.pro rank

Product category

Virtual Race Platform

NAICS

Promoters of Performing Arts, Sports, and Similar Events without Facilities (711320), Spectator Sports (71121), Promoters of Performing Arts, Sports, and Similar Events (7113)

SIC

Services-Racing, Including Track Operation (7948), Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Virtual & Hybrid Participation Events (App-Based, Remote/Hybrid Races) (MPAKAIAH)

akta.pro secondary industries

Endurance & Running/Cycling Training (HSADAAAG), Cycling Events (Road Races, Gran Fondos, Sportives) (MPAKAIAC)

Keywords

• Virtual race platform
• Online running events
• Race registration system
• Fitness activity tracking
• Sports merchandise ecommerce

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Revenue model

1. Online Race Registration Fees: Participants pay registration fees to enter virtual races organized by VietRace365. Fees vary by race; some races are free while paid races include race kit options (medals, certificates, apparel). The platform also sells race kits (physical medals, certificates, shirts, accessories) as upsell items to registrants.
2. Race Kit and Merchandise Sales: VietRace365 sells physical race kits including medals, certificates, apparel, and accessories through its e-commerce platform (vietstore365.vn). These are offered as add-ons during race registration or as standalone purchases.
3. Affiliate/Commission Revenue: VietRace365 operates an affiliate program where partners can earn commissions by promoting races. The platform also serves as a ticketing platform (timve365.vn) for offline races, earning commissions on ticket sales.
4. Enterprise/Organization Race Hosting: VietRace365 provides platform services for companies, schools, and clubs to host their own virtual races on the platform, including custom race design, result management, and logistics.
5. Sponsorship and Partnership Fees: VietRace365 enters sponsorship agreements with brands (e.g., Faminuts, Charm Group, Digiworld, Suntory PepsiCo) who sponsor races and the platform, contributing sponsorship revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

VietRace365 operates an online virtual race platform where users register for running, cycling, and swimming events and have their activities validated via integrations with fitness tracking apps (Strava, Garmin, Suunto, Google Fit). The company organizes themed race collections, issues digital and physical medals and certificates, and sells race kits and sports merchandise through companion storefronts. It also provides managed race hosting for enterprises, schools, clubs, and charity programs.

Product overview

VietRace365 is Vietnam's first integrated online race platform operating as a multi-brand portfolio. The core offering is the VietRace365 Platform (web and mobile app) which enables virtual running, cycling, and swimming events with GPS-tracked activities, digital and physical medal awards, and electronic certificates. Supporting sub-brands include TimVe365 (offline race ticketing), VietStore365 (sports merchandise e-commerce), and themed race collections. The ecosystem also includes an affiliate marketing program, a point-based reward system (Xu), a charity initiative (Bầu Bí Việt), club/enterprise race management services, and a dedicated medal sales platform.

Differentiator

Problem solved

Functional benefit

Brands

• TimVe365: Professional ticketing platform for offline races and events
• VietStore365
• HuyChuongChayBo.com
• HuyChuongSi.vn
• AoThunChayBo.com

Products and services

• VietRace365 Platform Web-based platform enabling individuals to register for virtual running, cycling, and swimming races, sync fitness activities from Strava, Garmin, Suunto, and Google Fit, and earn digital and physical medals and electronic certificates upon completion. Designed for individual runners and fitness enthusiasts in Vietnam and internationally.
• VietRace365 Mobile App iOS and Android native application for race registration, direct GPS activity recording, Strava integration, account management, and result tracking with push notifications for race updates. Available on Apple App Store and Google Play.
• TimVe365 (Offline Race Ticketing Platform) Companion online ticketing platform for offline running events and races organized by VietRace365 or partner organizations. Handles registration, payment, and race kit distribution for in-person events such as the Tuy Hoa Half Marathon 2026.
• VietStore365 (Sports Merchandise E-Commerce) E-commerce storefront for purchasing sports merchandise including running shoes, apparel, accessories, and customized race medals. Operates independently of race registration.
• HuyChươngChạyBộ.com (Race Medal Service) Dedicated e-commerce platform for race medals and finisher memorabilia, offering customized and themed medals for various race events and as standalone purchases.
• Club/Enterprise Race Management Service Managed or white-label service for organizations (companies, schools, running clubs) to host internal running competitions with custom branding, internal codes, and an organizational dashboard for participant management.
• Bầu Bí Việt Charity Program Social impact initiative that channels race registration fees and donations to support underprivileged children, including school sponsorship programs with corporate partners such as Faminuts (Huynh Gia Agriculture JSC).

Quantifiable outcome

• 3,000+ athletes attracted to a single offline race event co-hosted with VietRace365
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature4 records

Partnerships

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

• Faminuts – Công Ty Cổ Phần Nông Nghiệp Huỳnh GiamajorGTM or Marketing Partner · 1 May 2022Faminuts signed a Diamond sponsorship package with VietRace365 in May 2022, sponsoring the Bau Bi Viet charity program with 120 million VND/year in products, supporting 20 students with monthly allowances.
• DigiworldmajorStrategic or Co-development Partner · 1 January 2022Digiworld selected VietRace365 as the operational partner to run the 'Buoc chan uom mang xanh 2022' (Step to Nurture Green 2022) running event in both Ho Chi Minh City and Hanoi over 2 consecutive weeks, covering both online and offline race operations.
• StravacoreTechnology or IntegrationVietRace365 integrates with Strava's API to automatically sync and validate participant running, walking, cycling, and swimming activities for race completion tracking. Users connect their Strava accounts to VietRace365 to automatically record activities toward race goals.
• GarmincoreTechnology or IntegrationVietRace365 connects with Garmin devices and Garmin Connect accounts, allowing users to sync fitness data from Garmin watches to their VietRace365 race profiles.
• PayoocoreTechnology or IntegrationVietRace365 uses Payoo as a payment gateway for online transactions, including Visa/MasterCard payments and Click to Pay. Payoo promotions offer 50,000 VND discount on orders from 100,000 VND.
• Quỹ Vòng Tay Nhân Ái – Suntory PepsiCo Việt NammajorGTM or Marketing PartnerSuntory PepsiCo Vietnam (Quang Nam factory) co-sponsors the Trung Thu Cho Em 2026 virtual charity race, matching 1,000 VND per valid km completed, contributing to support for children and schools in Tra Leng, Da Nang.
• CLB Hòa Khánh Runners (HKR)majorGTM or Marketing PartnerHoa Khanh Runners club organizes the annual Trung Thu Cho Em charity race on the VietRace365 platform, recruiting participants and managing the race cause.
• ZOSEOminorGTM or Marketing PartnerZOSEO athletic shoe brand provides vouchers and prizes for the Trung Thu Cho Em 2026 race participants.
• Charm GroupmajorGTM or Marketing PartnerCharm Group sponsored 30 million VND for the Together We Share Da Nang virtual race to support Covid-19 prevention in Da Nang city.
• RoyabeminorOthersRoyabe supplies running accessories (e.g., running belts) as gifts for orders above 800,000 VND.
• VietRace365 AwardsminorOthersVietRace365 Awards is an annual award program recognizing achievements in the Vietnamese running community.
• Phong trào chạy bộ Việt NamminorOthersRunning community media and advocacy platform listed as a companion unit/partner of VietRace365.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Strava: Global fitness tracking platform whose API VietRace365 integrates with. Strava operates its own challenge and virtual event features, making it both an enabler and a potential competitor in the virtual race category.
• Garmin Connect: Garmin's fitness tracking platform whose data VietRace365 ingests via integration. Owns the device ecosystem and could expand into native virtual race challenges, becoming both partner and competitor.
• Eventbrite: Broad event ticketing and registration platform that handles endurance races among many event categories. Compares to VietRace365's TimVe365 sub-brand for offline race ticketing and broader registration functionality.

Direct peers

• RunSignup: US-based race registration and management platform offering online race signups, results tracking, and timing for endurance events — a direct functional peer to VietRace365's core registration/management platform.
• Race Roster: Endurance race registration platform serving race organizers globally with registration, results, and participant management — directly comparable to VietRace365's race organizer tooling and registration system.
• Athlinks: Endurance athlete results database and race registration platform — comparable to VietRace365's results tracking, certification, and race profile functionality for endurance participants.
• Lets Do This: Online endurance event marketplace and registration platform offering curated races (marathons, triathlons, cycling) globally. Closely matches VietRace365's model of aggregating endurance events for discovery and registration.

Regional players

• 42.195 (Vietnam Marathon): Vietnam-focused endurance running community and event organizer (Ho Chi Minh City International Marathon, Hanoi International Heritage Marathon) — competes for the same Vietnamese runner community and corporate sponsorship pool.
• MoonRun: Vietnamese running community platform offering training, challenges, and events — addresses the same runner audience with overlapping virtual/training engagement features.
• TopRunner Vietnam: Vietnamese running event organizer (VnExpress Marathon Hue, Quang Binh Marathon) operating major offline races in the same target market — direct competitor for runner registrations and sponsor relationships.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/vietrace365
• LinkedInlinkedin.com/company/cong-ty-co-phan-vietrace365

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Công ty Cổ Phần VietRace365