HCMC – VNG Corporation, whose VNZ shares are traded on the Unlisted Public Company Market (UPCoM), announced on Monday that founder Le Hong Minh has been appointed board chairman and legal representative of the company.
The move follows the resignation of chairman Vo Sy Nhan, who stepped down for personal reasons. Minh will relinquish his current role as chief executive officer but will continue overseeing daily operations in his new position.
Nhan, who served as chairman since December 2022, is CEO of Empire City and co-founder and managing partner of GAW NP Capital.
Minh founded Vinagame, VNG’s predecessor, in 2004. He was recognized among the top 10 most influential figures in Vietnam’s internet industry between 2007 and 2017 and was honored by the prime minister in 2014 for his contributions to technology development.
In the first nine months of 2024, VNG Corporation posted revenue of VND6.98 trillion and net profit of VND202 billion.
The company also reported growth in value-added services, artificial intelligence products, and international markets. In 2023, VNG was listed in the top 30 private firms contributing the most to the state budget, with VND1.13 trillion.
Closing the trading session today, November 26, VNZ edged up by 0.16% to VND366,600 per share.
The VN-Index added 7.43 points, or 0.6%, to close at 1,242.13 on Tuesday, with 290 stocks advancing and 101 others declining on the Hochiminh Stock Exchange (HOSE).
Market liquidity improved, with over 575 million shares worth VND13.3 trillion traded. This marked a 16% increase in trading volume and an 11% rise in value compared to the previous session. Block deals accounted for 71.2 million shares valued at VND2.1 trillion.
Blue-chip stocks ended the day with mixed results. PLX and VHM slightly declined, while BVH, TPB, and VPB closed unchanged. Other major stocks, including MWG, VCB, and HDB, posted gains of up to 1.7%.
Securities stocks attracted strong inflows. HCM, VIX, and ORS increased by 1.62%, 2.75%, and 1.84%, respectively, while most others hovered around a 1% gain. Bank stocks, including VCB, BID, and MBB, supported the index, with modest increases near 1%.
Real estate developer DXG took the lead by liquidity with more than 30.2 million shares changing hands. It inched up by 1.18% to VND17,200.
On the Hanoi Stock Exchange, the HNX-Index added 1.45 points, or 0.65%, to 223.7 points, with 104 winners and 53 losers. There were 43.7 million shares worth VND728.9 billion changing hands on the northern market.
