Vietnam's VNG aims to earn majority of gaming revenue overseas by 2027

Online games still cash engine as startup expands AI, cloud divisions

20240624 vng vietnam

Vietnam's first tech unicorn, VNG, which turned 19 last year, has repeatedly postponed plans to list on the Nasdaq. (Photo by Lien Hoang)

LIEN HOANG, Nikkei staff writer

HO CHI MINH CITY -- Vietnamese technology startup VNG aims to earn more than half its gaming revenue from abroad in the next three years.

The company, which repeatedly delayed a proposed Nasdaq listing, said at a Friday shareholder meeting that it is on track to meet that target, as international income jumped 35% last year, to 1.7 trillion dong ($67 million). VNG works in a variety of business lines, from artificial intelligence to cloud computing, with an Nvidia-powered data hub scheduled to launch in Thailand on Monday.

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