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Second-generation chairmen of leading Vietnamese firms are increasing their holdings through stock purchases, according to trades reported for multiple companies. While they are not involved in day-to-day operations, the transactions show a sustained effort to build family stakes in their groups’ flagship businesses.
During the period from March 6 to March 11, 2026, two sons of Mr. Nguyen Xuan Quan, Chairman of Nam Long Investment Joint Stock Company (ticker NLG, HoSE), reported purchases of NLG shares.
On average over March 6–11, 2026, NLG traded at about VND 25,725 per share, implying roughly VND 25.7 billion spent by each son to accumulate the shares cited.
Tran Vu Minh, son of Tran Dinh Long, Chairman of Hoa Phat Group (ticker HPG), registered to buy a large block of HPG shares. Between March 12 and April 9, 2026, Minh purchased nearly 33.3 million HPG shares out of an intended 50 million shares via on-market matching. The purchase was not fully completed due to market conditions.
After the trades, Minh’s ownership rose from about 176.4 million shares (2.298%) to about 206.7 million shares (2.732%) of Hoa Phat.
Minh also serves as Director of Dai Phong Co., Ltd., which holds over 3.6 million HPG shares (0.047%).
Nguyen Phuc Hung Anh Victor, born 2002 and an Oxford graduate, is the son of billionaire Nguyen Thi Phuong Thao. He is described as the owner of Milky Way Investments and a co-founder of Swift247.
From March 13 to March 31, 2026, he purchased 2 million Vietjet Air (VJC) shares, increasing his stake to 2.06 million shares, about 0.35% of Vietjet’s capital.
During the purchase window, VJC traded between VND 151,000 and 156,000 per share, implying a minimum expenditure of around VND 300 billion.
Ho Minh Phat, son of Ho Minh Quang, Chairman of Nam Kim Steel (ticker NKG), reported buying 5 million NKG shares from February 2 to February 23, 2026. The purchases lifted his ownership to 1.12% of Nam Kim’s charter capital.
In parallel, Ho Minh Quang holds more than 71 million shares (about 15.87%). After these trades, the family stake rose to over 76 million shares (about 16.99%).
Soon after, Ho Minh Phat filed to purchase an additional 5 million NKG shares, with planned trades from April 17, 2026 to May 15, 2026, via either negotiated or on-market methods. If successful, he would own 10 million NKG shares, about 2.23% of Nam Kim’s capital.
Overall, the reported transactions highlight how the next generation of chairmen at Nam Long, Hoa Phat, Vietjet, and Nam Kim are expanding family stakes in their groups’ core businesses, reflecting confidence in the companies’ prospects.
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