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Nguyen Van Thoi, Chairman of TNG Textile and Garment, submitted his resignation after 23 years in the role, according to a resignation letter published by TNG Investment and Trading Joint Stock Company on April 13.
Thoi is stepping down to make way for younger leadership to take over and run the business in the coming period. After leaving the current position, he is expected to assume the role of Executive Vice Chairman following this year’s annual meeting. The company has not yet named a successor.
Nguyen Van Thoi, born in 1958, is a mining electromechanical engineer and holds a Bachelor’s degree in Economics. From 1993 to 2002, he served as Director of Thai Nguyen Textile Company, the predecessor of the current TNG.
Based on documents submitted for TNG’s 2023 annual general meeting, Thoi has served as Chairman since 2003 to the present.
Thoi currently owns more than 24.7 million TNG shares, equivalent to 19.2% of charter capital, making him the company’s largest shareholder.
This year, he was elected to the Thai Nguyen Provincial People’s Council for the 2026–2031 term.
TNG’s predecessor was Bac Thai Textile Workshop, established in 1979. By the end of 2025, the company had one head office and 18 branches, with net revenue of 8,700 billion VND and after-tax profit of 393 billion VND—up around 13% and 24.8%, respectively, from the previous year. Textiles remains the largest revenue segment.
For 2026, TNG targets revenue of 9,500 billion VND and after-tax profit of 450 billion VND, representing increases of 9.2% and 14.5% from last year. The company said that if the plan is completed, it would be its best-ever performance.

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