Vietnam’s tech unicorn VNG books 30% profit surge in Q3 on strong gaming business
Vietnamese tech unicorn VNG Corp (UPCoM: VNZ) posted a 30% year-on-year increase in operating profit to VND263 billion ($10 million) in Q3, supported by cost controls and strong performance in its gaming and payment businesses.
According to its Q3 earnings statement, VNG earned VND2.89 trillion ($109.98 million) in net revenue, up 12% year-on-year, with international markets contributing 19%.
VNG campus in Ho Chi Minh City, southern Vietnam. Photo courtesy of the firm.
The gaming division, VNGGames, remained the company’s growth engine, with total bookings rising 39% to nearly VND2.33 trillion ($88.47 million), driven by its long-term strategic games. Overseas markets accounted for 17% of the segment’s bookings.
VNGGames launched seven new games during the quarter and showcased its portfolio at Gamescom Asia × Thailand Game Show 2025, reinforcing its position as Vietnam’s top game publisher and the second-largest in Southeast Asia.
Zalo, VNG’s flagship messaging platform, maintained its leading position in Vietnam with 79.2 million monthly active users and an average of 2.1 billion messages sent daily. Its Zalo OA service, used by businesses and government agencies, reached 25,542 paid accounts as of end-Q3.
VNG’s e-payment arm ZaloPay continued to expand rapidly, with total transaction volume up 82%, active users up 33%, and financial service revenue surging 389% year-on-year. In September, ZaloPay launched its international QR payment service in China, following earlier rollouts across several Asian markets, allowing Vietnamese users to pay abroad without currency conversion or credit cards.
For the upcoming plan, VNG’s chairman Le Hong Minh said that in Q4/2025 and throughout 2026, the company will ramp up investment in AI and increase earnings from overseas markets, laying foundation for its next growth cycle in a fast-changing market.
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