Vietnam short of data centers despite investment rush

Vietnam short of data centers despite investment rush

An investment rush by major Vietnamese firms including telecom giant VNPT and tech giant FPT has not been able to meet the demand for data centers in the country, market observers say.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Chinese giant Tencent Holdings leaves huge imprint at Vietnam's VNG Corporation

Chinese giant Tencent Holdings leaves huge imprint at Vietnam's VNG Corporation

Tencent Holdings showed up in 2018, but the Chinese giant marked its presence at VNG Corporation a decade before and has played an important role in the strong rise of Vietnam's first technology unicorn.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Falling business results major obstacle to tech unicorn VNG’s Nasdaq listing

Falling business results major obstacle to tech unicorn VNG’s Nasdaq listing

Company leaders at Vietnamese tech unicorn VNG Corporation have had time to prepare for their U.S. listing, but declining business results have become a significant obstacle to the ambitions of chairman Le Hong Minh and his colleagues.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese tech unicorn VNG holds global ambitions

Vietnamese tech unicorn VNG holds global ambitions

From a small gaming company founded by a group of enthusiasts, VNG Corp. became the first "unicorn" in Vietnam and is planning to expand across the global market.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s first unicorn startup VNG files to go public in US

Vietnam’s first unicorn startup VNG files to go public in US

Tech major VNG Corp., Vietnam’s first unicorn startup, has filed for an initial public offering (IPO) in the U.S. while it is expanding business.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Tech unicorn VNG CEO registers to sell nearly 1 mln shares

Tech unicorn VNG CEO registers to sell nearly 1 mln shares

General director and board member Le Hong Minh has registered to sell 983,783 VNZ shares to reduce his ownership from 12.27% to 8.85%, Vietnamese tech giant VNG Corporation announced.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Tech unicorn VNG reports $2.1 mln Q2 profit after prolonged losses

Tech unicorn VNG reports $2.1 mln Q2 profit after prolonged losses

Vietnamese tech giant VNG Corporation reported after-tax profit of VND50.2 billion ($2.1 million) in the second quarter of this year, its first profit since the fourth quarter of 2021.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major shareholder in tech unicorn VNG plans to sell 3.48 mln shares

Major shareholder in tech unicorn VNG plans to sell 3.48 mln shares

VNG Limited, the largest shareholder in Vietnamese tech giant VNG Corporation, registered to sell 3,483,048 VNZ shares to reduce its ownership from 61.12% to nearly 49%.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Tech unicorn VNG suspends sale of 7.1 million treasury shares

Tech unicorn VNG suspends sale of 7.1 million treasury shares

VNG, one of four tech unicorns in Vietnam, will suspend the offering of over 7.1 million treasury shares to the BigV Technology Corporation.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

ZaloPay scores a national first with Shopify deal

ZaloPay scores a national first with Shopify deal

ZaloPay has become the first e-wallet in Vietnam to participate in the payment system of the world's leading e-commerce platform Shopify.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Tech unicorn VNG braces for $24 mln loss in 2023

Tech unicorn VNG braces for $24 mln loss in 2023

Vietnamese tech giant VNG Corporation has targeted revenue of VND9.28 trillion ($394.5 million) and a loss of VND572 billion ($24.3 million) in 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Trading restrictions on VNG shares to be lifted

Trading restrictions on VNG shares to be lifted

The Hanoi Stock Exchange (HNX) has announced it will remove trading restrictions on VNG shares of Vietnamese tech giant VNG Corporation from June 5, 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

VNG shares hit with trade restrictions over late financial statement submission

VNG shares hit with trade restrictions over late financial statement submission

The Hanoi Stock Exchange (HNX) has placed VNZ shares of Vietnamese tech giant VNG Corporation under trading restrictions from Thursday due to late submission of its 2022 audited financial statement by more than 45 days.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Tech unicorn VNG suffers $3.8 mln loss in Q1

Tech unicorn VNG suffers $3.8 mln loss in Q1

Vietnamese tech giant VNG Corporation reported a loss of VND90 billion ($3.84 million) in the first quarter of this year, while in the same period last year it lost VND130 billion ($5.54 million).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Demand for data centers attracts global investors to Vietnam

Demand for data centers attracts global investors to Vietnam

Data center investments in Vietnam are gathering momentum as the country looks toward the digital transformation of its fast-expanding economy and implements regulations on data localization for foreign firms.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Former Techcombank CEO makes swift exit from tech giant VNG

Former Techcombank CEO makes swift exit from tech giant VNG

Former CEO of Techcombank Nguyen Le Quoc Anh has resigned from VNG Corporation's board of directors due to "personal reasons" after just three months in the position, the tech firm announced on Thursday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam tech unicorn VNG shares rally on market supply, demand: company

Vietnam tech unicorn VNG shares rally on market supply, demand: company

Tech giant VNG Corporation says its share price hit the ceiling for eight consecutive sessions due to stock market supply and demand and the tastes, needs and evaluations of investors.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC among top data center destinations in land costs

HCMC among top data center destinations in land costs

Vietnam’s Ho Chi Minh City is in the top 10 group for selection in the Land Price category in global property services firm Cushman & Wakefield’s latest annual report on data center developments.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam tech unicorn VNG suffers $56 mln loss in 2022

Vietnam tech unicorn VNG suffers $56 mln loss in 2022

Vietnamese tech giant VNG Corporation reported a loss of more than VND1,315 billion ($56 million) in 2022, a record since its business indices went public for the first time and breaking its loss target of VND993 billion ($42.35 million).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam tech unicorn VNG appoints new chairman

Vietnam tech unicorn VNG appoints new chairman

Vietnamese tech giant VNG Corporation has named Vo Sy Nhan as its new chairman, replacing Le Hong Minh.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam offers huge opportunities for data center developers: VNG Cloud executive

Vietnam offers huge opportunities for data center developers: VNG Cloud executive

There are huge opportunities for data center developers in Vietnam amid rising demand, especially from foreign customers, says Nguyen Thanh Danh, chief operation officer of VNG Cloud, an affiliate of leading tech firm VNG.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Foreign shareholders turn VNG into tech unicorn

Foreign shareholders turn VNG into tech unicorn

The participation of foreign shareholders has helped tech firm VNG become the first unicorn in Vietnam, with a valuation of $1 billion.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam tech unicorn VNG to trade 35.8 mln shares on UPCoM

Vietnam tech unicorn VNG to trade 35.8 mln shares on UPCoM

Vietnamese tech giant VNG Corp. has registered to trade 35.8 million VNZ shares on the unlisted public company market UPCoM from January 5, 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Tech firm VNG launches tier III data center in HCMC

Tech firm VNG launches tier III data center in HCMC

VNG Corporation launched its tier-III VNG Data Center in Tan Thuan Export Processing Zone, District 7, Ho Chi Minh City on Friday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Tech unicorn VNG to sell over 7.1 million treasury shares next year

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.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Tech unicorn VNG to register on unlisted public company market

Tech unicorn VNG to register on unlisted public company market

VNG, one of the four tech unicorns in Vietnam, is preparing to register its shares on the country's Unlisted Public Company Market (UPCoM).

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7