Dat Xanh Group (DXG) Announces Leadership Change and 2026 Strategic Targets

Overview

Dat Xanh Group (DXG) announced the dismissal of Deputy General Manager Do Thi Thai effective April 13, 2026, with her transition to a strategic advisory role. Concurrently, another Deputy General Manager, Nguyen Truong Son, registered to sell all 351,098 DXG shares he holds between April 6 and May 5, 2026. The company also disclosed its 2026 business plan, including revenue and profit targets, a dividend proposal, and a potential name change.

Key Facts

• Deputy General Manager Do Thi Thai was dismissed effective April 13, 2026, to become a strategic advisor for the company’s Strategy and Executive Boards.
• Deputy General Manager Nguyen Truong Son registered to sell all 351,098 DXG shares he holds between April 6 and May 5, 2026.
• Dat Xanh targets 2026 revenue of VND 5,000 billion and net profit attributable to parent company shareholders of VND 268 billion, up 19% and 16% year-over-year, respectively.
• The company plans a 20% dividend per par value for 2026, with no dividend planned for 2025.
• A bonus share issuance of 155.7 million shares is planned to increase charter capital from VND 11,141 billion to nearly VND 12,700 billion, representing a 14% increase in outstanding shares.
• Dat Xanh is considering a name change to reposition its brand in line with new development directions, with details to be determined by the Board of Directors.
• The Annual General Meeting of Shareholders is scheduled for April 17, 2026.

What Happened

According to a company filing, Dat Xanh Group (DXG) made personnel changes, dismissing Deputy General Manager Do Thi Thai from her position effective April 13, 2026. The reason cited is her move to a role as a strategic advisor for the company’s Strategy and Executive Boards. In a separate development, another Deputy General Manager, Nguyen Truong Son, registered to sell his entire holding of 351,098 DXG shares between April 6 and May 5, 2026. If completed, this sale would result in him no longer holding any DXG shares.

The filing also outlines Dat Xanh’s business plan for 2026, including financial targets and corporate actions. The company aims for revenue of VND 5,000 billion and net profit attributable to parent company shareholders of VND 268 billion, representing increases of 19% and 16% compared to the previous year. For dividends, no payout is planned for 2025, but a 20% dividend per par value is proposed for 2026. Additionally, Dat Xanh plans to increase capital through a bonus share issuance of 155.7 million shares, pending regulatory approval, which would raise charter capital from VND 11,141 billion to nearly VND 12,700 billion.

Market Context

Dat Xanh Group (DXG) trades on the Ho Chi Minh City Stock Exchange (HOSE) under the real estate sector. As of April 15, 2026, DXG closed at VND 15, down 0.33%, with a trading volume of 18,316,400 shares. The announcement comes amid ongoing volatility in Vietnam’s real estate market, which has faced challenges from regulatory changes and economic headwinds. The leadership changes and share sale registration may influence investor sentiment regarding corporate governance and insider confidence.

Strategic Significance

The leadership transition and potential name change signal Dat Xanh’s efforts to reposition its brand and strategy for sustainable growth. Moving a senior executive to an advisory role could indicate a shift in operational focus or expertise utilization, while the share sale by another deputy general manager might reflect personal financial planning or reduced alignment with the company’s direction. The 2026 targets and capital increase plan aim to bolster financial stability and shareholder returns, aligning with broader industry trends of consolidation and rebranding in Vietnam’s competitive real estate landscape.

What to Watch

• Outcome of the Annual General Meeting of Shareholders on April 17, 2026, for approval of the 2026 business plan, dividend, and bonus share issuance.
• Completion of Nguyen Truong Son’s share sale between April 6 and May 5, 2026, and its impact on DXG’s shareholding structure.
• Details on the proposed name change, including the new name and implementation timeline, as determined by the Board of Directors.
• Regulatory approval from the State Securities Commission for the bonus share issuance.
• Q1 2026 financial results to assess progress toward the VND 5,000 billion revenue target.