Kido CEO Tran Le Nguyen Takes Chair at Lavenue, Owner of 8-12 Le Duan Site
This Aveluro analysis covers KDC (KIDO) on HOSE in the Food & Beverage sector. The classified event type is leadership change, with neutral sentiment and a deterministic market-impact score of 5.0/10. Source coverage came from CafeF - Bất động sản, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
Tran Le Nguyen, Vice Chairman and CEO of Kido Group (ticker KDC, HOSE), has been appointed Chairman, General Director and legal representative of Lavenue Investment, the entity that owns the 8-12 Le Duan land plot in Ho Chi Minh City. The change, registered on September 22, 2026, replaces Le Thi Thanh Thuy, who was sentenced to five years in prison in 2020 over violations tied to the same site. Kido holds a 50% stake in Lavenue Investment, making the personnel move a direct governance event for KDC shareholders.
Key Facts
- Lavenue Investment filed a change of enterprise registration on September 22, 2026, appointing Tran Le Nguyen (born 1968) as Chairman, General Director and legal representative.
- Nguyen is concurrently Vice Chairman and CEO of Kido Group (KDC), listed on HOSE.
- He replaces Le Thi Thanh Thuy (born 1979), sentenced in September 2020 to five years in prison for “violating regulations on management and use of state assets causing loss and waste” related to the 8-12 Le Duan site.
- Kido held 50% of Lavenue Investment as of June 30, 2026, with an investment value of nearly VND 316 billion, per its reviewed H1 2026 consolidated financial statements.
- Lavenue Investment was established in September 2010; charter capital stood at VND 775 billion as of September 2016.
- The registered head office moved from 12 Le Thanh Ton, Ben Nghe, District 1 to 58 Nguyen Binh Khiem, Tan Dinh, Ho Chi Minh City.
- The 8-12 Le Duan plot covers more than 4,800 sqm with three frontages on Le Duan, Nguyen Van Chiem and Hai Ba Trung, planned as the Lavenue Crown complex with 36 floors, a six-floor retail centre, 220-250 five-star hotel rooms and 200 luxury apartments.
What Happened
According to the enterprise registration announcement, Lavenue Investment appointed Tran Le Nguyen to the top executive and legal representative roles effective from the September 22, 2026 filing. Nguyen is a long-serving executive at Kido Group, where he serves as Vice Chairman of the board and CEO. The previous chairman and legal representative, Le Thi Thanh Thuy, was convicted in September 2020 by the Ho Chi Minh City People’s Court under verdict 400/2020/HS-ST, upheld on appeal in December 2021 under verdict 452/2021/HSPT, in a case concerning management and use of state assets at the Lavenue Crown project.
Kido’s reviewed H1 2026 consolidated statements show the group owns 50% of Lavenue Investment, carried at close to VND 316 billion, and that the entity was established to develop the 8-12 Le Duan project, commercially named Lavenue Crown. Kido has recorded a provision against the investment based on its estimated recoverable value. The filing does not disclose the transaction value of the stake or any change in ownership; it covers only the personnel and head-office updates.
Market Context
KDC closed at VND 51,000 on September 24, 2026 on HOSE. Kido is classified in the Food & Beverage sector, and the Lavenue stake sits outside its core consumer staples operations, linking the ticker to Ho Chi Minh City real estate sentiment. The 8-12 Le Duan site has drawn repeated market attention, including recent speculation about a possible transfer to Masterise, against a backdrop of slow prime-office and hotel development in central Ho Chi Minh City and ongoing scrutiny of state-origin land assets.
Strategic Significance
The appointment puts Kido’s own CEO in direct legal control of a 50%-owned asset that has been impaired and legally contested for years. For long-term KDC holders, the key question is whether direct management by Kido’s leadership can unblock the Lavenue Crown project, resolve the legacy legal overhang and restore value to an investment already written down. It also concentrates governance responsibility for the site within Kido’s executive team, sharpening accountability if the project is revived or divested.
What to Watch
- Any Kido disclosure on the carrying value or provisioning of the Lavenue Investment stake in the Q3 2026 or FY2026 financial statements.
- Updates on the Lavenue Crown project’s licensing status, including construction permits or revised planning approvals for the 8-12 Le Duan site.
- Reports of a stake sale or partnership, including the market speculation regarding Masterise.
- Further changes to Lavenue Investment’s shareholder structure or charter capital.
- KDC’s share price and foreign-ownership filings around the next earnings release.