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VNG founder Le Hong Minh steps down as CEO

Vietnamese technology company VNG Corporation has announced that its founder, Le Hong Minh, will assume the position of executive chairman of its board of directors and legal representative from Monday.

Minh’s appointment follows the resignation of Vo Sy Nhan as chairman due to personal reasons.

Minh will vacate his current CEO role, as required by law. As executive chairman, he will manage the company’s daily operations and strategy.

Minh founded Vinagame, which later became VNG, in 2004. VNG’s digital ecosystem includes Mobile Games, Zalo, Zalopay, and digital business solutions. The company employs around 3,600 people in 11 cities worldwide.

Recent VNG developments

Timeline
31-Oct-2024 📈 VNG’s Q3 revenue up $287m
  • VNG reports Q3 2024 profits rise to 424 billion dong
  • Zalo’s users up 3%, boosting core business growth
07-Sep-2024 🔍 VNG names new acting CEO amid ongoing investigation (update)
  • VNG’s CEO replaced amid police investigation
  • Company’s operations proceed as investigation unfolds
15-May-2024 🤝 VNG subsidiary becomes Nvidia’s latest SEA partner
  • GreenNode partners with Nvidia in Southeast Asia.
  • Focus on AI model adoption across multiple countries.
13-May-2024 🎮 VNG posts $297m in revenue, $82m in losses for 2023
  • VNG Corporation posts $298.3M revenue, below target
  • Gaming segment grows; 78.7M users for VNGGames
02-Oct-2023 📅 VNG CEO assures staff US listing will happen, just not yet
  • VNG Corporation postpones US IPO due to investor sentiment.
  • CEO claims strong future market potential for VNG.

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