Dat Xanh Group (DXG) Appoints New Chairman and CEO in Leadership Shake-Up

Overview

Dat Xanh Group (DXG) has announced a leadership change, with Mr. Bui Ngoc Duc appointed as the new Chairman of the Board of Directors and Mr. Nguyen Truong Son as the new CEO, effective April 16. The move comes as the company seeks to enhance corporate governance and expand internationally.

Key Facts

• Mr. Bui Ngoc Duc, formerly CEO, becomes Chairman of DXG effective April 16.
• Mr. Nguyen Truong Son, previously Deputy CEO of Investment and Chairman of Dat Xanh Services, is appointed CEO.
• Mr. Luong Ngoc Huy steps down as Chairman but remains a board member.
• The new board includes Mr. Luong Tri Thin, Mr. Luong Ngoc Huy, Mr. Ha Duc Hieu, and independent member Mr. Nguyen Pham Anh Tai.
• Mr. Duc holds a civil engineering degree from Ho Chi Minh City University of Architecture and an MBA from Open University Malaysia.
• Mr. Son holds a business administration degree from Hanoi University of Commerce and an MBA from Maastricht University, Netherlands.
• DXG cited the need for stronger governance and international expansion as reasons for the reshuffle.

What Happened

Dat Xanh Group (DXG) announced via a board resolution that Mr. Luong Ngoc Huy has resigned as Chairman of the Board of Directors, effective April 16. Replacing him is Mr. Bui Ngoc Duc, who previously served as the company’s CEO. Concurrently, Mr. Nguyen Truong Son, formerly Deputy CEO in charge of investment and Chairman of Dat Xanh Services, has been appointed as the new CEO.

According to a company representative, the leadership restructuring is part of a broader strategy to strengthen corporate governance and prepare for international market expansion, as Vietnam’s private sector enters a new phase requiring higher management capabilities.

Market Context

DXG shares closed at VND 15 on April 15, down 0.33%, with a trading volume of 18.3 million shares. The stock is listed on HOSE and has been under pressure amid a challenging real estate market. The leadership change may signal a strategic pivot, but near-term investor sentiment will depend on execution of the new team’s plans.

Strategic Significance

The appointment of Mr. Duc, who has been with DXG since 2018 and previously served as CEO, to the Chairman role suggests continuity in strategic direction. Mr. Son’s background in investment and his role at Dat Xanh Services indicate a focus on expanding the services segment and international opportunities. The reshuffle aligns with DXG’s stated goal of improving governance and pursuing growth beyond Vietnam, which could differentiate it from peers.

What to Watch

• Q1 2026 earnings report for DXG, expected in late April, to assess financial impact of the transition.
• Any announcements regarding new international projects or partnerships.
• Changes in DXG’s dividend policy or capital allocation strategy under the new leadership.
• Market reaction to the new board composition, particularly the role of independent member Mr. Nguyen Pham Anh Tai.
• Updates on Dat Xanh Services’ performance and potential spin-off or listing plans.