VNG Corporation (VNZ) has announced its 2024 financial report showing a revenue of 9.273 trillion VND, up 22% from the previous year. Despite recording a profit of 302 billion VND from business operations, the company still reported a net loss of 1.180 trillion VND after tax. Lê Hồng Minh, the founder, earns a salary of 592 million VND per month, which is lower than the Vice Presidents who earn 648 million VND/month. In 2024, Minh’s income is expected to reach 7.1 billion VND. He has been appointed as Chairman of the Board while still managing VNG’s activities. Minh emphasized that investments in AI are starting to yield profits, with revenue from AI reaching hundreds of billions of VND. The company has also opened Southeast Asia’s largest AI Cloud Data Center in Bangkok in collaboration with NVIDIA. AI has permeated all applications of VNG, from voice assistants to game optimization.
Leave a Reply