VNG Group announced that Deputy General Director Nguyen Le Thanh had resigned effective 30 October 2026. In connection with this, the company released its consolidated results for the third quarter, which showed strong performance, with revenue exceeding the year-earlier level.
VNG Group formally announced that Deputy General Director Nguyen Le Thanh had resigned for personal reasons, with the resignation effective 30 October 2026. The resignation was based on his personal circumstances, and the board accepted it; the appointment of a successor remains undecided. The company is said to have notified the State Securities Commission and the Hanoi Stock Exchange of the resignation./
According to the consolidated results for the third quarter of 2026, the company's net revenue was approximately VND 3.3614 trillion, an increase of approximately 22% year on year. Key cash flows continued to be generated from online game services, value-added services over telecommunications and internet networks, and the fintech segment. Gross profit was approximately VND 1.4544 trillion, a substantial 38.3% increase year on year, and the gross margin improved from 38.2% to 43.3%. Quarterly finance costs, including reduced selling expenses, were approximately VND 60.4 billion, mainly due to borrowing costs. Finance operating revenue exceeded approximately VND 79.1 billion, while other income surged to more than approximately VND 19.2 billion./
After deducting expenses, including income tax, VNG recorded net profit of approximately VND 420.5 billion for the quarter, substantially reversing the net loss recorded in the same period of 2025. Cumulative net revenue for the 9 months through the third quarter reached approximately VND 9.2332 trillion, maintaining growth of approximately 26.4% year on year. Net profit after tax was approximately VND 1.0127 trillion. In terms of its capital structure, total assets were approximately VND 12.9628 trillion, while cash and cash equivalents were approximately VND 2.8047 trillion, representing approximately 21.6% of total assets. Total liabilities exceeded approximately VND 11.694 trillion, with short-term accrued income the largest component at approximately VND 3.4032 trillion. Outstanding loans and finance leases amounted to approximately VND 2.2583 trillion./
Thus, alongside the improvement in third-quarter performance, the results showed expansion in the company's capital structure and assets, drawing attention to developments in its future financial reporting.