VNG Corporation (VNG) confirmed this information on the afternoon of November 25. Mr. Vo Sy Nhan resigned from the position of Chairman of the Board of Directors (BOD) of VNG from November 22. Mr. Le Hong Minh, in addition to succeeding Mr. Nhan, will hold the role of legal representative of the company.
In addition, in order to comply with current regulations for public companies, the Board of Directors also voted to dismiss Mr. Le Hong Minh from the position of General Director. Mr. Le Hong Minh continues to manage the general operations of VNG as Chairman of the Board of Directors and Legal Representative.
Mr. Vo Sy Nhan was appointed as Chairman of the Board of Directors of VNG from December 2022. He is currently the CEO of Empire City, co-founder and CEO of GAW NP Capital fund.
Mr. Le Hong Minh founded Vinagame (the predecessor of VNG) in 2004. He was honored as one of the 10 most influential leaders in Vietnam Internet (2007-2017) and was honored to receive a Certificate of Merit from the Prime Minister for his positive contributions to the development of the technology sector in 2014.
In the first 9 months of 2024, VNG recorded accumulated revenue of VND 6,982 billion, adjusted net profit from business activities of VND 202 billion, contributing more than VND 700 billion to the state budget.
The company also recorded good performance from value-added services and AI products, while positive revenue growth from enterprise customers and international markets.
In 2023, VNG will be in the Top 30 private enterprises contributing the most to the state budget with VND 1,132.5 billion.
