Best Gaming Companies in Vietnam
The 152 best Gaming companies in Vietnam in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Axie Infinity.
Vietnam's Gaming sector has more capital behind it than most people realize, and this directory ranks the companies proving that point, sorted by disclosed equity funding and recent momentum. Across 152 tracked companies, total disclosed funding hits $279M, with Axie Infinity alone accounting for $161M of that stack. Two unicorns. That's not a footnote.
So what's actually moving the needle? Median install growth is running at roughly +11% YoY across 23 gaming apps, which tells you mobile appetite here is real and compounding. The global gaming market sat at $202.7B in 2022, with a forecast CAGR of 9.24% through 2028 driven by AR/VR adoption and the lasting behavioral shifts from pandemic-era screen time. I'd flag one structural wrinkle you'll want to track: regulation of loot boxes is tightening in several markets, and studios with Vietnam exposure should be watching how that ripples into monetization models. Ancient8 ($10M), VNG ($29M), and Kingdom Raids ($7M) are the names worth anchoring your competitive scan around, backed by active investors including Infinity Capital, Avstar, and X21 Digital.
- ResearchAndMarkets.com
Our analysis of 180 Gaming companies
$26.0b in tracked funding; 90% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2024.
Ranked: Best Gaming companies in Vietnam
| # | Company | Disclosed funding | Last round | Stage | Founded | Founder | Employees | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Axie Infinity 🦄 Developer of a decentralized strategy-based gaming platform | $161M | 67 mo ago | Funding Raised | 2018 | Aleksander Leonard Larsen Co-Founder and Chief Operating Officer | 303 | — |
| 2 | VNG 🦄 Online games developer and cloud solutions provider | $29M | 87 mo ago | Series B | 2004 | Vuong Khai Co-Founder | 3,505 | 2 partnerships |
| 3 | Ancient8 Provider of PC and console-based blockchain gaming platform | $10M | 18 mo ago | Series A | 2021 | Nathan L Co-Founder | — | — |
| 4 | Kingdom Raids Developer of blockchain-based strategy RPG for PC and console | $7M | 44 mo ago | Seed | 2021 | Hai Van CEO | — | — |
| 5 | The Parallel Developer of NFT-based casual PC and console games | $4M | 53 mo ago | Series A | 2021 | Louis Nguyen CEO | 13 | — |
| 6 | Ark Rivals Provider of a sci-fi action strategy NFT game | $4M | 51 mo ago | Funding Raised | 2022 | Nghia Do CEO | — | — |
| 7 | Mirai Labs Game development studio creating blockchain games | $4M | 16 mo ago | Seed | 2021 | Nguyen Vu Co-Founder | — | — |
| 8 | Space Falcon Developer of casual games | $4M | 52 mo ago | Series A | 2011 | — | 8 | — |
| 9 | Metastrike Official website of RPG shooting game | $3M | 44 mo ago | Seed | 2021 | Son Nguyen Co-Founder | — | — |
| 10 | Orbitau Provider of NFT-based role-playing game | $3M | 51 mo ago | Deadpooled | 2021 | Minh Nguyen CEO | — | — |
| 11 | Summoners Arena Provider of play-to-earn role-playing game for mobile devices | $3M | 52 mo ago | Seed | 2021 | Manh Tran Founder | 14 | — |
| 12 | RaceFi Provider of an AI and blockchain-based fantasy car racing platform | $3M | 54 mo ago | Seed | 2021 | — | 6 | — |
| 13 | Pegaxy Provider of blockchain-based play to earn horse racing game | $3M | 55 mo ago | Funding Raised | 2021 | Steve Nguyen Co-Founder & CTO | 71 | — |
| 14 | Poco Online game-based marketplace for NFTs | $3M | 57 mo ago | Funding Raised | 2021 | Charlotte Nguyen Co-Founder | — | — |
| 15 | Plant Exodus Gaming platform that enables players to grow and breed plants and trade with them in the marketplace | $3M | 49 mo ago | Funding Raised | 2021 | Vo Linh Co-Founder | — | — |
| 16 | Faraland Online marketplace for buying and selling of NFT collectibles | $3M | 60 mo ago | Funding Raised | 2020 | Kelvin Phan Co-Founder | 21 | — |
| 17 | Thetan Arena Developer of an eSports game with blockchain technology and NFTs | $2M | 57 mo ago | Funding Raised | 2021 | Hoang So Co-Founder | — | — |
| 18 | TankWars Developer of play-to-earn battle metaverse game | $2M | 52 mo ago | Seed | 2021 | Paul Nguyen Co-Founder | 14 | — |
| 19 | Himo World Provider of NFT-based battle game | $2M | 52 mo ago | Funding Raised | 2021 | Quan Vu Co-Founder & CTO | — | — |
| 20 | Topebox Mobile game developer & publisher studio | $2M | 61 mo ago | Seed | 2012 | Nghia Do Co-Founder | 57 | — |
| 21 | HowlCity Developer of a metaverse game based on blockchain technology | $2M | 55 mo ago | Funding Raised | 2021 | Bui Cai Co-Founder & CEO | — | — |
| 22 | Luna Rush Provider of NFT-based role-playing game | $2M | 53 mo ago | Seed | 2021 | Ngo Thai Co-Founder & CEO | — | — |
| 23 | Heroverse NFT-based puzzle game website | $2M | 56 mo ago | Seed | 2021 | Daniel Nguyen CEO | 1,200 | — |
| 24 | Spores Online marketplace for trading NFTs of video games | $2M | 58 mo ago | Funding Raised | 2021 | Eric Nguyen Co-Founder & CEO | 33 | — |
| 25 | Kaby Arena Provider of free-to-play turn-based NFT game | $2M | 57 mo ago | Funding Raised | 2021 | Nhan Bui Co-Founder & CEO | — | — |
| 26 | KINGSPEED Provider of blockchain-based racing game | $2M | 54 mo ago | Funding Raised | 2021 | Tuyen Khuc CEO | 14 | — |
| 27 | Idle Cyber Provider of blockchain-based role-playing games | $2M | 55 mo ago | Funding Raised | 2021 | Nguyen Luat Co-Founder & CEO | — | — |
| 28 | Lord Arena Blockchain-based action RPG game | $2M | 55 mo ago | Deadpooled | 2021 | Tung Nguyen Co-Founder | — | — |
| 29 | Planet Sandbox Blockchain-based in-game virtual assets marketplace using NFTs | $2M | 56 mo ago | Seed | 2021 | Steven Lee Co-Founder | — | — |
| 30 | Ninneko Provider of strategy-based NFT game | $2M | 55 mo ago | Funding Raised | 2021 | Hai Nguyen CEO | 1 | — |
| 31 | Bunicorn Online Defi gaming and NFT platform for individuals | $2M | 58 mo ago | Seed | 2021 | Phuc Nguyen Founder & CEO | — | — |
| 32 | Zuki Provider of NFT-based multiplayer battle arena games | $1M | 55 mo ago | Seed | 2021 | Dan Ngo Co-Founder & CEO | 14 | — |
| 33 | Green Beli Provider of NFT-based eco-friendly game | $1M | 56 mo ago | Funding Raised | 2019 | Orin Phan Co-Founder | 15 | — |
| 34 | The MonoPolist Developer of PC and console-based NFT board games | $1M | 55 mo ago | Funding Raised | 2021 | Anh Nguyen Founder & CEO | — | — |
| 35 | Duelist King Developer of PC and console-based NFT card games | $1M | 55 mo ago | Acqui-Hired | 2021 | Dzung Tran Co-Founder & CEO | 10 | — |
| 36 | Last Survivor NFT-based play-to-earn gaming platform | $638K | 54 mo ago | Funding Raised | 2021 | Sam Ng Co-Founder | — | — |
| 37 | Metaxy Blockchain-based game and NFT collectibles platform for individuals | $500K | 53 mo ago | Funding Raised | 2013 | June Phung Co-Founder | — | — |
| 38 | DEFI WARRIOR Provider of character-based crypto games for PC | $222K | 57 mo ago | Funding Raised | 2021 | Mark Dao Co-Founder | 3 | — |
Top 12 Gaming companies in Vietnam
#1
Series A · Ho Chi Minh City, Southeast · founded 2021$10Mraised▾
Provider of PC and console-based blockchain gaming platform. The decentralised platform allows players to play and build the metaverse while earning rewards.
- Dec 2024Grant (prize money)—
- Jul 2024ICO$40K
- Jun 2022Series A$6M
- Jan 2022Seed$4M
#2
Seed · Hanoi, Hanoi · founded 2021$4Mraised▾
Game development studio creating blockchain games. The company focuses on the development of blockchain-based racing and pet games including Pegaxy, Petopia, and PetM.
- Feb 2025Seed$4M
#3
Funding Raised · Ho Chi Minh City, Southeast · founded 2018 · 303 employees$161Mraised▾
Developer of a decentralized strategy-based gaming platform. It provides users with a platform where users can buy virtual plots that can be upgraded over time using a variety of resources and crafting ingredients that can be founded when playing the game. Users can also sell the plots in the marketplace.
- Nov 2020ICO$3M
#4
Seed · Da Nang, Da Nang · founded 2021$6.8Mraised▾
Developer of blockchain-based strategy RPG for PC and console. The company's game takes place in an anecdotal realm, “The Dood Kingdom” in which players lead a troop of mighty heroes to build and defend their own castles.
- Oct 2022ICO$6M
- Nov 2021Seed$750K
#5
Seed · Hanoi, Red River Delta · founded 2021$3.3Mraised▾
Official website of RPG shooting game
- Sep 2022Seed$3.3M
- Jan 2022ICO$3.8M
#6
VNG 🦄Series B · Ho Chi Minh City, Southeast · founded 2004 · 3505 employees$29Mraised▾
Online games developer and cloud solutions provider. The company has various products such as online digital content, community links, utility software, and eCommerce. The games developed and published by the company include Gunny, Kiem The, Crossfire Legends, and more.
- Mar 2019Series B$29M
#7
Series A · Ho Chi Minh City, Southeast · founded 2011 · 8 employees$4Mraised▾
Developer of casual games. It offers games such as Aviatrix and 2048. It develops games for PC and consoles, mobile, and is made available on playstore, app store.
- Jan 2022ICO$770K
- Jan 2022Series A$4M
#8
Series A · Hanoi, Red River Delta · founded 2021 · 13 employees$4.3Mraised▾
Developer of NFT-based casual PC and console games. The game has Merkle Tree technology from the blockchain where player uses tools to hack down trees in the maps to earn Runes.
- Dec 2021ICO$320K
- Dec 2021Series A$4.3M
#9
Funding Raised · Ho Chi Minh City, Ho Chi Minh City · founded 2022$4.2Mraised▾
Provider of a sci-fi action strategy NFT game. Ark Rivals is a sci-fi action strategy NFT game that is fully based on user-generated content where players can create their own commanders, ships, and squadrons to attack the enemy's base for resources. The game features an epic action combat strategy and players can attack enemy Arks to free enslaved citizens and enrich resources.
- Feb 2022ICO$4.2M
#10
Deadpooled · Ho Chi Minh City, Southeast · founded 2021$3.3Mraised▾
Provider of NFT-based role-playing game. It offers "Orbitau - Seven Deadly Sins", a fantasy game with role-playing and turn-based strategy gameplay where players can participate and earn rewards. The game is available for iOS and Android platforms.
- Feb 2022ICO$3.6M
- Dec 2021Seed$3.3M
#11
Funding Raised · Hanoi, Hanoi · founded 2021$2.6Mraised▾
Gaming platform that enables players to grow and breed plants and trade with them in the marketplace. The game provides players with a trading market, players can trade plant heroes and in-game items. In the next stages, with a 3D platform and VR support, Plant Exodus can expand to become an open-world game with a variety of new approaches and players.
- Apr 2022ICO$2.6M
#12
Seed · Vietnam · founded 2021 · 14 employees$3Mraised▾
Provider of play-to-earn role-playing game for mobile devices. "Summoners Arena" is an idle RPG game with Play-Own-Earn (POE) mode where players explore the Summonia Metaverse as Summoners and can earn digital assets. The game is available for iOS and Android platforms.
- Feb 2022Seed$3M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Gaming coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Gaming Technology is moving in Vietnam
A read on the academic research around Gaming Technology — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 5 Vietnam-affiliated papers.
- Institute of Mathematics1
- University Of Transport Technology1
- Ho Chi Minh City University of Technology1
- Vietnam National University Ho Chi Minh City1
- Văn Hiến University1
- Game engine1
- Game development tool1
- Architecture1
- Video game development1
- Entertainment1
- Rendering (computer graphics)3
- Real-time rendering2
- Physics engine1
- Cloud computing1
- Scripting language1
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.