TNG Chairman Nguyen Van Thoi Resigns, Transition to Permanent Vice Chairman in 2026

Overview

TNG Investment and Trading JSC (TNG) announced a senior leadership change as Chairman Nguyen Van Thoi submitted his resignation. He is expected to transition to the role of Permanent Vice Chairman of the Board of Directors after the 2026 Annual General Meeting of Shareholders. This move is part of a planned succession to enable new leadership to take over during a period where TNG is targeting record financial performance.

Key Facts

• Chairman Nguyen Van Thoi (born 1958) submitted his resignation and will transition to Permanent Vice Chairman after the 2026 AGM.
• He has served as the company’s top leader for 33 years, described as the longest-serving chairman in Vietnam’s textile and apparel industry.
• TNG reported record 2025 revenue of nearly VND 8,699B (+13.6% YoY) and net profit of VND 393B (+24.8% YoY).
• For Q1/2026, revenue reached VND 1,952B, up 29% year-on-year, achieving about 20% of the annual plan.
• The company targets 2026 revenue of VND 9,500B and net profit of VND 450B, representing growth of 9% and 14% respectively.
• On April 6, VinaCapital’s Hung Thinh Stock Investment Fund purchased an additional 400,000 TNG shares, raising its ownership to 5.24% and becoming a major shareholder.
• TNG exports apparel to partners including Decathlon, Columbia, The Children’s Place, Sportmaster, Costco, Nike, and Adidas.

What Happened

According to a company announcement, TNG Investment and Trading JSC disclosed a high-level personnel change. Chairman Nguyen Van Thoi has submitted a request to resign from his position. The company stated this action aims to create conditions for the next generation of leadership to take over and manage the company in a new phase. Mr. Thoi is expected to assume the role of Permanent Vice Chairman of the Board of Directors after the 2026 Annual General Meeting of Shareholders.

Nguyen Van Thoi, born in 1958, is described as one of the longest-serving chairmen in Vietnam’s textile and apparel industry. He began his leadership role in March 1993 as Deputy Director of the Bac Thai Garment Enterprise and became Director in October 1993. After the company’s equitization in 2003, he served as Chairman. TNG listed on the Hanoi Stock Exchange (HNX) in 2007. Under his 33-year tenure, TNG grew into a leading Vietnamese apparel exporter.

Market Context

TNG trades on the Hanoi Stock Exchange (HNX). The stock closed at VND 23 on April 10, 2026, down 1.30% on volume of 1.15 million shares. This leadership news comes alongside recent positive operational updates, including record 2025 financial results and strong Q1/2026 revenue growth of 29%. The sector has seen investor interest, exemplified by VinaCapital’s increased stake to 5.24%, making it a major shareholder as of early April.

Strategic Significance

The resignation and planned transition represent a controlled succession strategy for a company historically led by a single long-term chairman. Moving Mr. Thoi to a Permanent Vice Chairman role suggests an intent to retain his institutional knowledge while formally passing operational leadership. This is critical as TNG pursues ambitious 2026 targets and navigates a competitive export market. The timing aligns with a period of strong financial performance, potentially smoothing the leadership handover.

What to Watch

• The 2026 Annual General Meeting of Shareholders where the formal transition to the new board structure will occur.
• Quarterly financial results, especially Q2/2026, to assess progress toward the full-year revenue target of VND 9,500B and profit target of VND 450B.
• Any further announcements regarding the appointment of a new Chairman.
• Updates on export orders and client diversification, given TNG’s reliance on major global brands.
• Further changes in major shareholder structure, particularly regarding VinaCapital’s stake.