AsemconnectVietnam - VNG Corporation (code VNZ - HOSE) has just reported its operating results in the first quarter of 2025 with net revenue reaching VND2,232 billion, remaining stable compared to the same period last year; after-tax profit was negative VND15 billion, down more than half compared to the loss of more than VND31 billion in the same period last year.

During the period, VNG contributed VND391.5 billion to the state budget.
For specific product segments, in the field of AI, VNG recorded many remarkable advances. GreenNode - VNG's technology infrastructure unit - coordinated with NVIDIA to organize a series of in-depth seminars on AI in Hanoi and Ho Chi Minh City, clearly reflecting the practical needs of the financial - banking market. At the same time, GreenNode AI Lab announced GN-TRVN - the first dataset supporting AI to process Vietnamese data tables.
On the Zalo platform, VNG has successfully trained a large language model (LLM) with the same capacity as GPT-4. This is a step forward to help Vietnam become one of three Southeast Asian countries to own its own LLM. The KiLM-13b v24.7.1 model developed by Zalo AI scored 66.07 points - only behind Meta's Llama-3 70B, according to the Vietnamese LLM 2024 report.
AI features integrated into the Zalo application such as text-to-speech, voice editing, message translation, etc. are becoming more and more popular. By the end of the first quarter, about 20% of monthly active users had experienced these features. Notably, the Kiki Info chatbot recorded nearly 500,000 questions just a few days after its launch.
In the first quarter of 2025, VNGGames successfully released 4 new games, of which The Play of Genesis made an impression in the Taiwanese market. Total bookings for the gaming segment reached VND1,666 billion, of which 20% came from the international market. The LineAge 2M product, expected to be released across Southeast Asia in the second quarter, is expected to create a new growth spur for VNGGames.
In the digital finance sector, VNG recorded a 152% increase in financial services revenue, with many outstanding features such as international QR scanning at more than 120,000 points of sale in Singapore, supporting payments via VNPAY-QR and accumulating points to redeem gifts. The MU Luc Dia VNG product also recorded a total payment volume growth of 60%.
By the end of March, Zalo recorded nearly 78 million monthly active users, maintaining its position as the leading communication platform in Vietnam. Nearly 2 billion messages are sent via this platform every day. The Zalo Mini App ecosystem recorded 5,532 active applications, a sharp increase of 302% over the same period.
In particular, Zalo continues to accompany state agencies in the journey of national digital transformation. The Ministry of Public Security, the Hanoi Traffic Police Department and hospitals have deployed Zalo OA and Mini App pages to serve the people. Many applications such as electronic identity authentication and public service payment via the VNeID platform are being researched and deployed.
N.Nga
Source: VITIC/Tinnhanhchungkhoan