Tech unicorn VNG to sell over 7.1 million treasury shares next year
VNG, one of the four tech unicorns in Vietnam, will offer over 7.1 million treasury shares to BigV Technology Corporation at the price of VND177,881 ($7.5) per share in 2023.
This price is much lower than the VND1.7 million ($71.7) per share that Mirae Asset Finance Company Limited spent to buy in 2021.

VNG Campus at Tan Thuan Export Processing Zone, District 7, HCMC. Photo courtesy of the corporation.
Previously, VNG's shareholders had approved the public tender waiver for investors buying treasury shares on December 9.
Accordingly, BigV would be privately offered by VNG all its more than 7.1 million treasury shares, accounting for 24.7% of VNG's shares in circulation.
The offering price is $7.5 per share, which means proceeds of a maximum VND1,264 billion ($53.37 million). This lot of shares will be restricted from being transferred for one year.
In 2019, Singapore’s state-owned investor Temasek spent VND662.4 billion ($27.97 million) buying 355,820 treasury shares of VNG, equivalent to an average transaction value of more than VND1.8 million ($76) per share.
This price was lower than the original price of treasury shares held by VNG. As of June 30, VNG held 9.97 million treasury shares, with a total value of more than VND1,943 billion ($82 million), equivalent to VND194,906 per unit ($8.23), 9% higher than the price offered by VNG to sell treasury shares to BigV. In other words, VNG Corporation would sell at losses to BigV.
Currently, BigV holds 5.7% of VNG's charter capital. After the transfer, the former will increase its ownership to 30.5%, or more than 8.7 million shares.
VNG plans to spend VND764 billion ($32.24 million) of the proceeds on game software licensing costs, and the remaining VND500 billion ($21.1 million) on marketing.
BigV was established in August 2021, with a charter capital of VND101 billion ($4.26 million), much lower than the amount of money spent on buying treasury shares of VNG. The company mainly operates in the field of information technology services and others related to computers. Its legal representative is Ngo Vi Hai Long.
At present, Long holds a 40% stake, Bui Thien Kim 30%, and Tran Ba Khoi Nguyen (30%).
In the first nine months of 2022, VNG's revenue reached more than VND5,760 billion ($243.1 million), flat compared to the same period last year. It reported losses of VND419 billion, compared to the profit of VND529 billion ($22.33 million) in the same period last year.
By September 30, 2022, VNG's total assets reached VND9,189 billion ($387.64 million), a slight decrease compared to the beginning of the year, with liabilities hitting VND3,610 billion ($152.29 million), up nearly 24%.
- Read More
Vietnam sees renewed output expansion, improved business confidence in May: S&P Global
May saw a more stable picture in terms of U.S. tariff policies than April, helping lead to a renewed expansion in output and improved business confidence, says Andrew Harker, economics director at S&P Global Market Intelligence.
Economy - Mon, June 2, 2025 | 9:18 am GMT+7
Vietnam considers developing 2 inter-regional renewable energy service and industry hubs
The Ministry of Industry and Trade (MoIT) has proposed building two inter-regional renewable energy service and industry hubs in the country.
Economy - Mon, June 2, 2025 | 8:00 am GMT+7
Investors advised to take profits from stocks having risen sharply
Investors should maintain a balanced stock allocation in their portfolios and consider buying opportunities if the VN-Index retreats to the 1,300-1,320 point range, say market experts.
Finance - Sun, June 1, 2025 | 8:10 pm GMT+7
Shares of Vietnam's leading jewelry maker PNJ jump over 30% ahead of gold inspection report
Shares of Phu Nhuan Jewelry JSC (PNJ), a leading jewelry producer in Vietnam, rallied sharply ahead of the central bank’s Friday release of its gold market inspection findings.
Companies - Sun, June 1, 2025 | 1:14 pm GMT+7
Vietnamese firm takes over 40-year-old Pierre Cardin shoe chain in Thailand
Emall Vietnam, which owns a network of 100 high-end business shoe stores under the Pierre Cardin and Oscar brands in Vietnam, has taken over the entire Pierre Cardin shoe system in Thailand.
Companies - Sun, June 1, 2025 | 10:29 am GMT+7
Southern Vietnam province Ba Ria-Vung Tau okays 53 projects
Ba Ria-Vung Tau authorities on Friday granted in-principle approvals or investment registration certificates for 53 projects, including a green light for a $400 million investment capital hike of the $5.4 billion Long Son Petrochemicals Complex.
Industries - Sun, June 1, 2025 | 8:00 am GMT+7
Who to receive over 97 mln ESOP shares from Vietnam's leading developer Novaland
Novaland, a major real estate developer in Vietnam, will simultaneously implement plans to issue bonus shares and offer ESOP (employee stock ownership plan) shares, with a total issuance rate of 5%, equivalent to more than 97 million units.
Companies - Sat, May 31, 2025 | 11:09 pm GMT+7
Vietnam billionaire Pham Nhat Vuong to contribute 48 mln Vingroup shares to VinSpeed
Billionaire Pham Nhat Vuong has registered to transfer more than 48 million Vingroup (VIC) shares to the newly-established VinSpeed that registered to build the North-South high-speed railway project.
Companies - Sat, May 31, 2025 | 7:14 pm GMT+7
Two investors propose $65 mln wind power project in central Vietnam
A consortium of Quang Tri Renewable Energy Investment JSC and Win Power Holding Pte Ltd, and Nam Binh Wind Power JSC have submitted an application to implement a 48-megawatt wind power plant in the central province of Quang Tri.
Energy - Sat, May 31, 2025 | 3:10 pm GMT+7
Central Vietnam city seeks investors for $209 mln LNG, LPG terminal project
The central city of Danang is calling for investment in an LNG and LPG terminal project worth over VND5.43 trillion ($208.7 million).
Infrastructure - Sat, May 31, 2025 | 10:52 am GMT+7
Thai-backed food giant C.P. Vietnam rejects pork safety accusations
C.P. Vietnam, a subsidiary of Thailand’s food giant Charoen Pokphand Foods Public Company Limited (CPF), has dismissed social media allegations of selling diseased pork, calling them fabricated and false.
Companies - Sat, May 31, 2025 | 8:54 am GMT+7
Oman Investment Authority to expand investment fund in Vietnam
Prime Minister Pham Minh Chinh has proposed Oman to enlarge the Vietnam-Oman Investment Fund (VOI) to $1 billion to better cater for the Southeast Asian country's investment needs.
Economy - Fri, May 30, 2025 | 11:26 pm GMT+7
Japanese retailer Aeon to build 2-hectare mall in Vietnam’s Mekong Delta
Retail giant Aeon will develop a 2-hectare mall in the Mekong Delta province of Tien Giang, with an estimated investment of VND1.16 trillion ($44.6 million).
Industries - Fri, May 30, 2025 | 4:44 pm GMT+7
76% of Vietnamese survey respondents say trade uncertainty encourages them to explore new opportunities: HSBC
Vietnamese businesses have experienced exponentially higher cost increases than the global average and are expecting additional short-term costs due to trade uncertainty. But many survey respondents (76%) think trade uncertainty has encouraged their business to evolve and explore new opportunities, write HSBC analysts.
Consulting - Fri, May 30, 2025 | 2:41 pm GMT+7
Vietnamese firm lands first $1 mln order on Alibaba after 8-year struggle to export
After five months of operating a virtual storefront on Alibaba’s B2B e-commerce platform, Sukavina Co., Ltd., a Binh Duong province-based manufacturer of metal tables, chairs, and beds, secured its first international order, marking a significant milestone in the company’s eight-year journey to global markets.
Companies - Fri, May 30, 2025 | 2:37 pm GMT+7
AgriS partners with IFC: Optimizing environmental and social management system, accelerating net zero 2035 goal
TTC AgriS (Thanh Thanh Cong-Bien Hoa JSC or AgriS) and International Finance Corporation (IFC) - a member of the World Bank Group - has signed an MoU to strengthen sustainable development governance in alignment with global standards.
Companies - Fri, May 30, 2025 | 2:30 pm GMT+7