VNG signed MOU with Temasek Holdings.

Time: 04-10-2018

- This is the only MOU in the high-tech sector awarded at the Conference this morning. Previously, Prime Minister Nguyen Xuan Phuc emphasized the importance of high-tech field in Vietnam's economic development, especially in the context of Industrial revolution. 4.0. The Prime Minister also affirmed: It is necessary to prioritize the policy of high-value FDI attraction, environmental sustainability, and access to the most advance technology, taking advantage of the opportunity of the 4.0 Revolution to attract high valuable-added investment projects

According to the MoU, Temasek Holdings and VNG will jointly seek strategic investment opportunities and expand business cooperation in the future. Potential areas of cooperation include technology services such as cloud services.

VNG representatives (top female) and Temasek handed over the MOU VNG representatives (top female) and Temasek handed over the MOU

According to a separate source from Investment Newspaper, ST telemedia, a large Singspore telecom, technology and communication fund, (a subsidiary of Temasek Holdings), will discuss with VNG about the cooperation opportunity in the future. Many possibilities that ST Telemedia will help improve capacity, Data Center technology and cloud services for VNG.

VNG has not provided any comment on this information

Handover of investment co-operation documents at the conference under the witness of Prime Minister Nguyen Xuan Phuc. Handover of investment co-operation documents at the conference under the witness of Prime Minister Nguyen Xuan Phuc.

Currently, VNG is providing 4 main product groups: Online Games, Connection Platform, Payment & Financial Services and Cloud Services.

VNG was established in 2004, VNG is currently the leading Internet and technology company in Vietnam with more than 100 million users, distributed in 193 countries and territories around the world. Forbes valued VNG brand at 47.2 million USD in 2018, ranking in the Top 40 Enterprises with the highest brand value in Vietnam. In 2014, World Startup Report valued VNG 1 billion USD and so far, VNG is still considered the only unicorn startup in Vietnam.

Temasek Global Investment Company belongs to Ministry of Finance of Singapore and 11 international offices located in Asia, America and Europe. As of March 31, 2018, Temasek's portfolio was valued at US $ 235 billion (SGD 308 billion). Temasek invests in a wide range of sectors, from financial services, technology and telecommunications to agriculture, transportation and consumption.

In Vietnam, Temasek has been present since 2004 with the viewpoint of long-term investment and contribution to Vietnam's economic development.

By baodautu.vn