AsemconnectVietnam - VNG Corporation (VNZ - UPCoM) announced documents for the 2025 Annual General Meeting of Shareholders, which is scheduled to be held on June 21 in Ho Chi Minh City.

In 2025, VNG plans to have revenue of VND10,773 billion, up 16.2% year-on-year, while the parent company's after-tax profit continues to lose VND561 billion compared to the same period of VND1,081 billion.
In terms of business orientation, VNG will pursue a sustainable growth strategy, selective investment, taking technology as the foundation and artificial intelligence (AI) as the strategic axis throughout. The company will continue to diversify products and services, expand domestic and foreign markets, and restructure the organizational model to improve the efficiency of governance and operations of the entire Group.
It is known that VNG has experienced 3 consecutive years of losses when in 2022 it recorded a loss of VND1,077.1 billion, in 2023 it continued to lose VND2,101 billion and in 2024 it continued to lose VND1,081 billion.
Regarding profit distribution, VNG submitted to shareholders not to pay dividends to shareholders in 2024.
In addition, regarding the policy of issuing shares to employees in 2025 (ESOP), VNG submitted to shareholders a plan to issue at a rate of 1.43% of the total outstanding shares, estimated to issue an additional 418,807 shares at a price of VND30,000/share. Of which, the shares are restricted from transfer for 1 year and are expected to be implemented from the third quarter of 2025.
With the market price on June 2 being VND340,100/share, it is estimated that the ESOP shares in 2025 will be issued at a price 91.2% lower than the market price.
Regarding personnel, VNG submitted to shareholders the dismissal of Mr. Vo Sy Nhan, who submitted a resignation letter, as well as the dismissal of Mr. Pham Van Do La, a member of the Board of Supervisors.
According to research, Mr. Vo Sy Nhan, born in 1975, has joined VNG since December 2022 and is also the CEO of Empire City, the founder of GAW NP Capital fund, and the Vice President of Tien Phuoc Company, a unit operating in the fields of real estate, healthcare, and infrastructure.
In the real estate sector, Tien Phuoc develops projects such as Senturia South Saigon Residential Area with an area of 19.8 hectares, Palm City Urban Area with a scale of 14.6 hectares, Empire City Urban Area with a scale of 14.6 hectares...
On the other hand, after the end of the 2020-2025 term, VNG also plans to elect new members for the 2025-2030 term. In particular, the list of candidates for the Board of Directors includes Mr. Le Hong Minh, Mr. Vuong Quang Khai, Ms. Christina Gaw and Mr. Edphawin Jetjirawat; and the Board of Supervisors includes Mr. Hoang Anh, Mr. Vu Thanh Long and Mr. Ngo Vi Hai Long.
N.Nga
Source: VITIC/Tinnhanhchungkhoan