VNG Corporation#Zing Portal
{{Short description|Vietnamese technology company}}
{{More citations needed|date=February 2024}}
{{Use dmy dates|date=July 2024}}
{{Infobox company
| name = VNG Corporation
| trading_name = VNG
| native_name = Công ty Cổ phần VNG
| logo = VNG Corp. logo.svg
| logo_size = 160
| type = Joint Stock Company
| traded_as =
- UPCoM: VNZ
| key_people =
- Le Hong Minh (founder & CEO)
- Vuong Quang Khai (co-founder of VNG, president of Zalo)
- Nguyen Le Thanh
| industry =
- Internet information providers
- Digital content
- E-commerce
- Gaming
| products =
- Media and online games
- Communication
- Software
- E-commerce
| services =
- Financial connectivity
- Payment platforms
- Cloud services
| revenue = 7.8 trillion VND (2022)
| net_income = -1.08 trillion VND (2022)
| num_employees = 2700 (2018)
| foundation = {{Start date and age|2004|9|9|df=y}}
| location =
- VNG Campus
- Lot Z06, St. 13, Tan Thuan Dong Ward, Dist. 7,
- Ho Chi Minh City, Vietnam
| website = {{URL|vng.com.vn}}
}}
VNG Corporation ({{Langx|vi|CTCP VNG|lit=VNG JSC}}), also recognized by its former brand name, VinaGame (VNG), is a Vietnamese technology company founded in 2004. It specialises in digital content, online entertainment, social networking, and e-commerce.[http://www.thanhnien.com.vn/pages/20140421/giac-mo-internet-mang-ten-vng.aspx Giac mo nternet mang ten VNG] thanhnien.com.vn Its focus is on four main businesses, including online games, platforms, digital payments, and cloud services. VNG is responsible for the development of products such as Zalo, ZaloPay, Zing MP3, and 123phim.[https://www.vng.com.vn/article/products/products.html#ent VNG Products]
According to the ASEAN Post, the company is "Vietnam's first ever unicorn start-up".{{Cite web|title=ASEAN's unicorns growing|url=https://theaseanpost.com/article/aseans-unicorns-growing|website=The ASEAN Post|date=29 December 2016 |access-date=27 May 2020}}
Timeline
{{More citations needed|section|date=February 2024}}
VNG was founded on 9 September 2004, under the name VinaGame.
- 2006–2007: The company focused on developing software products, such as "Internet Cyber Station Manager" (CSM) and 123mua.com.vn (e-commerce). They also developed web products under the Zing Brand—a comprehensive platform covering information, connection, and entertainment. In August 2008, Alexa ranked ZingMP3 the most popular listening and search tool for online music in Vietnam.
- 2008–2009: The company launches under the name VNG Corporation.
- 2010–2011: Created an online game called Thuận, which won the Sao Khue award in 2010 in the category of Products/Gaming Solutions and Electronic Entertainment. The Un In online game was exported to Japan.
- 2012–2013: Zalo, a mobile application for instant messaging and calls, reached 10 million users in 1.5 years.
- 2014: VNG was evaluated at 1 billion US dollars by World Startup Report and become the first and only unicorn startup in Vietnam.{{cite web | url=https://baomoi.com/vng-duoc-dinh-gia-1-ti-usd/c/14303900.epi | title=Báo Mới - Tin tức mới nhất cập nhật liên tục 24H | date=7 April 2021 }}
- 2015: VNG was honored as "Global Fast-Growing Enterprise in East Asia" by the World Economic Forum (Manila, Philippines).{{cite web | url=https://www.tienphong.vn/kinh-te-doanh-nghiep/vng-duoc-vinh-danh-tai-dien-dan-kinh-te-the-gioi-708419.tpo | title=VNG được vinh danh tại Diễn đàn Kinh tế Thế giới | date=23 May 2014 }}
- 2016: VNG launched Zalopay—a mobile payment application.{{cite web | url=https://www.thesaigontimes.vn/155395/Ra-mat-giai-phap-thanh-toan-di-dong-Zalo-Pay.html | title=Ra mắt giải pháp thanh toán di động Zalo Pay | date=27 December 2016 | access-date=3 October 2019 | archive-date=18 October 2020 | archive-url=https://web.archive.org/web/20201018194905/https://www.thesaigontimes.vn/155395/Ra-mat-giai-phap-thanh-toan-di-dong-Zalo-Pay.html | url-status=dead }}
- 2017: VNG was the first Vietnamese tech company to sign an MOU with the world's second-largest stock exchange, Nasdaq, to explore a US listing.{{Cite web|title=VNG Corporation to list on Nasdaq, is the first Vietnamese firm to have overseas IPO|url=https://e27.co/vng-corporation-to-list-on-nasdaq-the-first-to-have-overseas-ipo-20170530/|last=Menur|first=Anisa|website=e27|access-date=27 May 2020}}
- 2018: VNG announced new strategic businesses, such as finance and payment and cloud services.
- 2024: At Vietnam GameVerse 2024, a gaming festival, VNG and Roblox announced their cooperation, making VNG the official publisher of Roblox in Vietnam.{{Cite web|title=VNG Corporation becomes the official publisher of Roblox in Vietnam|url=https://vietnamnews.vn/economy/1655498/vng-becomes-the-official-publisher-of-roblox-in-vn.html/|website=Vietnamnews|access-date=13 May 2024}}
Data center
VNG has two Tier-3 standard data centers, located in Ho Chi Minh City and Hanoi.{{Cite web|url=http://baodientu.chinhphu.vn/Home/VNG-duoc-tai-tro-85-ty-dong-trien-khai-cong-nghe-dien-toan-dam-may/20114/76195.vgp|title=VNG được tài trợ 8,5 tỷ đồng triển khai công nghệ điện toán đám mây|accessdate=29 November 2022|archive-date=17 July 2014|archive-url=https://web.archive.org/web/20140717203758/http://baodientu.chinhphu.vn/Home/VNG-duoc-tai-tro-85-ty-dong-trien-khai-cong-nghe-dien-toan-dam-may/20114/76195.vgp|url-status=dead}}
Products and services
{{More citations needed|date=October 2023}}
=Digital content and online entertainment=
==Zuni online learning==
{{main|Zuni (website)}}
Zuni is an online nonprofit educational project funded and operated by VNG and VNIF, which was officially published in March 2014.{{cite web | url=http://tuoitre.vn/Giao-duc/598728/ra-mat-website-giao-duc-truc-tuyen-zuni-vn.html | title=Ra mắt website giáo dục trực tuyến zuni.vn | date=19 March 2014 }}
==Zing MP3==
Zing MP3, a music streaming service, was launched in August 2007. Its smartphone application went on to become one of the few most frequently downloaded apps in Vietnam.{{Cite web|url=http://ictnews.vn/kinh-doanh/cac-ung-dung-di-dong-viet-viet-nen-chuyen-co-tich-thoi-hien-dai-114621.ict/|title=cac-ung-dung-di-dong-viet-viet-nen-chuyen-co-tich-thoi-hien-dai|accessdate=29 November 2022}}
=Community connections=
==Zing Me social network==
Zing Me is a social network operated by VNG, introduced in August 2009. It is integrated directly via the Zing system, with a variety of special applications like blogging, photo and music sharing, gaming, video clips, and email. In addition, Zing Me was the first social network in Vietnam that had the properties of a platform. In March 2010, Zing Me launched its first version for mobile phones.{{Cite web |url=https://znews.vn/zing-me-cap-nhat-loat-phien-ban-moi-tren-di-dong-post303485.html |title=Zing-Me-cap-nhat-loat-phien-ban-moi-tren-di-dong |date=20 February 2013 |access-date=29 August 2014 |archive-date=3 September 2014 |archive-url=https://web.archive.org/web/20140903155657/http://news.zing.vn/Zing-Me-cap-nhat-loat-phien-ban-moi-tren-di-dong-post303485.html#search/ |url-status=live }}
==Zalo==
{{main article|Zalo}}
Zalo is a free message and call application on mobile and desktop, released on 8 August 2012 for iOS, Android, and Windows phones.
=Finance=
==123Pay==
In 2010, VNG created the online payment platform 123Pay. It is the successor to and developed on the ZingPay platform, used for VNG's online games since 2005.
==ZaloPay==
=Software=
==CSM==
Cyber Station Manager (CSM) is a free software from VNG for managing internet agencies. The first version of CSM was published on 2 February 2006.
=Cloud services=
- Full-stack cloud services for organizations and businesses, with smart tech solutions linked through internet connection and cloud technology.{{Cite web |url=https://vinadata.vn/product/vcs |title=Vinadata. Product. vCloudStack |access-date=23 September 2019 |archive-date=19 April 2019 |archive-url=https://web.archive.org/web/20190419072449/https://vinadata.vn/product/vcs |url-status=dead }}
Legal issues
On 23 and 24 February 2009, inspectors discovered software copyright infringement worth VND 5 billion (around US$295,000) during a sudden raid on Vinagame headquarters in Ho Chi Minh City.{{Cite web|url=https://thanhnien.vn/post-365559.html|title=Thanh tra bản quyền phần mềm tại TP.HCM|date=26 February 2009|website=Báo Thanh Niên|access-date=29 November 2022}}
In August 2020, VNG sued TikTok for $9.5 million, alleging copyright infringement.{{Cite news|date=24 August 2020|title=Vietnamese tech firm sues TikTok, alleging copyright infringement|work=Reuters|url=https://www.reuters.com/article/us-tiktok-copyright-vietnam-idUSKBN25K0YL|access-date=15 September 2020}}
Recognition
In April 2014, VNG received the "Third-class Labor Medal", signed by the president of Vietnam and awarded by the prime minister to Lê Hồng Minh, VNG's chairman and CEO.{{cite web | url=http://www.thanhnien.com.vn/pages/20140418/cong-ty-vng-nhan-huan-chuong-lao-dong-hang-ba.aspx | title=Công ty VNG nhận Huân chương Lao động hạng Ba | date=18 April 2014 }}
References
{{reflist}}
External links
- {{Official website|vinagame.com.vn}}
{{VNG Corporation}}
{{DEFAULTSORT:VNG}}
Category:Technology companies established in 2004
Category:Online companies of Vietnam
Category:Companies based in Ho Chi Minh City