Vietnamese internet startup VNG files for IPO in US
Vietnamese internet company VNG Corp, under trading code VNZ, has filed for an initial public offering (IPO) in the US via VNG Ltd, according to Reuters.
Based in Ho Chi Minh City, the VNG is operating businesses include online games, payments, cloud services and Zalo - a popular messaging app in Vietnam. (Photo: Internet)
Hanoi (VNA) – Vietnamese internet company VNG Corp, under tradingcode VNZ, has filed for an initial public offering (IPO) inthe US via VNG Ltd, according to Reuters.
The listing wil💫l make it the first technology firmfrom Vietnam to list in the US.
According to the VNG, it plannedto offer some 21.7 million shares, with the proposed price range yet to be set. The IPO proceeds will be usedto pay original foreign investors who were direct shareholders of the company includingTencent (China) and Singapore's Temasek, and repay outstanding loans. Underwritersfor this IPO include Citigroup, Morgan Stanley, UBS Securities and BofASecurities. Founded in 2004, the VNG wasVietnam's first unicorn or startup valued at 1 billion USD or more, and itinked a preliminary agreement in 2017 with US bourse operator Nasdaq Inc toexplore an IPO. Based in Ho Chi Minh City, it is operating businessesinclude online games, payments, cloud services and Zalo - a popular messagingapp in Vietnam. VNG's IPO follows the recentUS listing debut byVinFast VFS.O andcould help add momentum for other Southeast Asian companies seeking IPO inthe US. In the session on August 24, shares of VNG - currentlylisted on UPCOM exchange with trading code VNZ - increased 12.78% to 1.244million VND (51.88USD) per share/.
The Hanoi Stock Exchange (HNX) held 30 auctions of Government bonds and government-guaranteed bonds with a total volume of 33.2 trillion (1.4 billion USD) in July.
The Hanoi Stock Exchange (HNX) has announced that after six years of operation, the derivative stock market has shown positive and stable growth, with active trading and an increasing number of investors.
Vietnamese auto maker VinFast Auto Ltd. (VinFast) rang the bell to officially commence trading of its shares on the Nasdaq Global Select Market, the US, under the ticker symbol “VFS”.
The Ho Chi Minh Stock Exchange (HoSE ) is exerting every effort to put a trading system developed by the Korea Exchange (KRX) into operation at the end of 2023, said HoSE Acting Chairwoman Nguyen Thi Viet Ha.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Based in Ho Chi Minh City, the VNG is operating businesses include online games, payments, cloud services and Zalo - a popular messaging app in Vietnam. (Photo: Internet) 
