VNG on a bumpy road in 2020

VNG on a bumpy road in 2020

This year may not be one of prosperity for VNG as the local unicorn has been constantly beset by adversities in recent months.
Renewing VNG after mistaken banking foray

Renewing VNG after mistaken banking foray

Vietnam’s first unicorn business could be tested on how it can ride out the bumps and find new growth potential, especially since its digital banking project failed to obtain a legal licence, it saw massive losses in e-commerce platform Tiki, and has hesitated to file for an initial public offering.
Zalo Bank not licensed by SBV and MoIT

Zalo Bank not licensed by SBV and MoIT

The State Bank of Vietnam (SBV) and the Ministry of Industry and Trade have affirmed that they have not licensed Zalo Bank to provide online built-in financial services.