TNG chairman Nguyen Van Thoi resigns; leadership transition to permanent vice chairman ahead of 2026 AGM and targets record revenue and profit

CTCP Đầu tư và Thương mại TNG (TNG) has announced the resignation of its Chairman of the Board of Directors, Nguyen Van Thoi. In his resignation letter, Mr. Nguyen Van Thoi said the change is intended to create conditions for a younger, promising leadership to take over the company’s executive role. After stepping down as chairman, he is expected to move to the position of permanent Vice Chairman.

Leadership transition and board agenda

Mr. Nguyen Van Thoi has served as TNG’s Chairman since 2013. With 33 years in top leadership at the company, he has been among the longest-serving chairs in Vietnam’s textile sector. TNG said the resignation letter will be submitted for consideration at the 2026 annual General Meeting of Shareholders (AGM) scheduled for April 19. The AGM will also elect one additional Board member for the 2026–2031 term.

After resigning as chairman, Mr. Nguyen Van Thoi is expected to take on the permanent Vice Chairman role.

2026 business targets to be presented to shareholders

At the AGM, TNG is expected to present its business plan for 2026, including targets of annual revenue of 9,500 billion VND (up 26%) and net profit of 450 billion VND (up 15%) compared with 2025 results. The company said that if achieved, these figures would represent the highest revenue and profit levels in TNG’s history.

Shareholding changes around the resignation

The chairman’s move follows share accumulation by the Vice Chairman. From February 12, 2026 to March 13, 2026, Mr. Nguyen Duc Manh, Vice Chairman of the Board, bought more than 3.9 million TNG shares out of 5 million registered.

By the end of the trading period, Mr. Manh increased his holding from nearly 11.6 million shares to more than 15.5 million shares. His ownership rose from 8.993% to 12.041% of TNG’s charter capital.

Mr. Nguyen Duc Manh is the son of Mr. Nguyen Van Thoi and is also the brother of Mr. Nguyen Manh Linh, a Board member. As of the latest disclosed figures, Mr. Nguyen Van Thoi remains the largest shareholder with over 24.7 million shares (19.196%), while Mr. Nguyen Manh Linh holds 719,076 shares (0.559%).

Foreign investors increase stakes

TNG has also seen rising foreign ownership recently. VinaCapital’s fund management arm reported becoming a large shareholder at TNG. On April 3, 2026, the Hung Thinh VinaCapital Equity Fund purchased 400,000 TNG shares. After the transaction, the fund’s holding rose from about 1.7 million shares to about 2.1 million shares, increasing ownership from 1.2875% to 1.5982% of capital.

Five other Vinacapital funds collectively own nearly 4.7 million TNG shares (3.6386%). As a result, Vinacapital group owns over 6.7 million shares (5.2368%), becoming a large shareholder.

Earlier, Dragon Capital also increased its stake. Norges Bank’s Dragon Capital fund bought 150,000 TNG shares on March 23, 2026, bringing Dragon Capital’s total holdings to over 6.5 million shares. Ownership rose from 4.9418% to 5.0584%, and Dragon Capital became a large shareholder.

Tax audit plan includes TNG

Separately, the Tax Department issued the 2026 tax audit plan, which includes 108 enterprises, including banks, real estate firms, securities companies, and major groups. In Thai Nguyen province, the Tax Department’s public list includes CTCP Đầu tư và Thương mại TNG.

Recent performance

Regarding business results, TNG reported that its net profit in 2025 reached 392 billion VND, up 24% and the highest in the company’s history.