TNG Chairman Nguyen Van Thoi Resigns, Remains Largest Shareholder

Overview

Nguyen Van Thoi, Chairman of TNG Investment and Trading JSC (TNG), has submitted his resignation after over a decade in the role. The move, aimed at passing leadership to younger potential successors, will see him remain as Standing Vice Chairman and the company’s largest shareholder with a 19.19% stake. The resignation is scheduled for approval at the Annual General Meeting of Shareholders (AGM) on April 19, 2026.

Key Facts

• Chairman Nguyen Van Thoi (born 1958) submitted his resignation after holding the position since 2013.
• He will remain as Standing Vice Chairman and holds 24.7 million TNG shares, equivalent to 19.19% of charter capital, making him the largest shareholder.
• The resignation is to be voted on at the 2026 AGM scheduled for April 19, 2026.
• The AGM will also elect an additional Board of Directors (BOD) member for the 2026–2031 term.
• The current TNG BOD has 7 members, including Thoi’s two sons: Nguyen Duc Manh (Standing Vice Chairman) and Nguyen Manh Linh (BOD member).
• Nguyen Duc Manh has 25 years of experience at TNG, currently serving as General Director and Standing Vice Chairman.
• Nguyen Manh Linh has 17 years at the company and serves as General Director of TNG Land.

What Happened

According to a company filing, Nguyen Van Thoi, Chairman of TNG Investment and Trading JSC, has formally submitted his resignation. He cited a desire to “create opportunities for young potential leaders to take over the company’s management responsibilities” as the reason for stepping down after more than a decade as Chairman. Thoi has been with TNG since its early days as a garment factory in the 1990s and is widely regarded as the driving force behind its growth into a leading textile and apparel exporter.

The resignation is pending approval at the 2026 Annual General Meeting of Shareholders on April 19, 2026. Concurrently, the meeting will elect an additional Board of Directors member for the 2026–2031 term. The company has not specified who the “young potential leader” successor might be, but the board already includes Thoi’s two sons in key positions.

Market Context

TNG shares (HOSE: TNG) closed at VND 23,000 on April 10, 2026, down 1.30% on volume of 1.15 million shares. The stock is listed on the Ho Chi Minh City Stock Exchange (HOSE) in the Personal & Household Goods sector. Leadership changes at major Vietnamese exporters often draw investor scrutiny regarding operational continuity and strategic direction, particularly in the competitive textile and apparel industry.

Strategic Significance

The resignation appears to be a structured step in a generational transition plan rather than a sudden departure. Thoi’s continued role as Standing Vice Chairman and his substantial 19.19% stake suggest he will retain significant influence over corporate strategy. With his sons already embedded in senior management and board roles, the move likely aims to formalize a gradual shift to next-generation leadership while maintaining family oversight and strategic stability for long-term investors.

What to Watch

• AGM vote on the resignation and new BOD member election on April 19, 2026.
• Official announcement of the new Chairman following the AGM.
• Any changes in operational or export strategy communicated in subsequent company reports.
• Shareholding patterns of the Thoi family following the transition.
• TNG’s financial performance in the quarters following the leadership change.