Insider Buying Surge: Children of Chairmen at NLG, HPG, VJC Acquire Shares

Overview

Children of chairmen at three major Vietnamese listed companies—Nam Long Group (NLG), Hoa Phat Group (HPG), and Vietjet Aviation (VJC)—have reported substantial share purchases in March 2026. The transactions, totaling over VND 1.2 trillion, represent a wave of insider buying that may signal confidence in the companies’ fundamentals and outlook.

Key Facts

• Nguyen Nam and Nguyen Hiep, sons of NLG Chairman Nguyen Xuan Quang, each bought 1 million NLG shares between March 6-11, 2026, increasing their stakes to 1.4% and 1.41% respectively.
• The NLG purchases were executed at an average price of VND 25,725 per share, costing each son approximately VND 25.7 billion.
• Tran Vu Minh, son of HPG Chairman Tran Dinh Long, bought nearly 33.3 million HPG shares between March 12 and April 9, 2026, raising his stake from 2.298% to 2.732%.
• The HPG purchases were made at an average price of around VND 26,000 per share, costing an estimated VND 860 billion.
• Nguyen Phuoc Hung Anh Victor, son of Vietjet Chairwoman Nguyen Thi Phuong Thao, bought 2 million VJC shares between March 13-31, 2026, increasing his stake to 0.35%.
• The VJC purchases were executed at prices between VND 151,000-156,000 per share, costing at least VND 300 billion.
• Tran Vu Minh is also a director of Dai Phong Trading and Investment Co., Ltd., which holds an additional 0.047% of HPG.

What Happened

In a series of filings with the Ho Chi Minh Stock Exchange (HoSE), the children of chairmen at three prominent Vietnamese companies reported significant insider purchases. At Nam Long Group, Chairman Nguyen Xuan Quang’s sons, Nguyen Nam and Nguyen Hiep, each acquired 1 million NLG shares, raising their respective holdings to around 1.4%. The transactions were executed via market orders between March 6 and March 11, 2026.

At Hoa Phat Group, Chairman Tran Dinh Long’s son, Tran Vu Minh, purchased nearly 33.3 million HPG shares out of a registered 50 million, citing unfavorable market conditions for the incomplete execution. The buying period ran from March 12 to April 9, 2026. Meanwhile, at Vietjet Aviation, Chairwoman Nguyen Thi Phuong Thao’s son, Nguyen Phuoc Hung Anh Victor, acquired 2 million VJC shares through both market and negotiated deals between March 13 and March 31, 2026.

Market Context

As of April 15, 2026, NLG closed at VND 29, down 0.51% on volume of 3.3 million shares. HPG closed at VND 28, down 1.75% on volume of 27.5 million shares. VJC closed at VND 176, up 5.82% on volume of 2.5 million shares. The insider buying comes amid a mixed market backdrop, with HPG and NLG showing slight weakness while VJC gains. The purchases, particularly the large HPG transaction, may provide support to these stocks and signal insider conviction.

Strategic Significance

The coordinated insider buying by family members of chairmen across real estate, steel, and aviation sectors suggests a broad-based confidence in the companies’ strategic directions. For NLG, the purchases align with the company’s ongoing land bank development and potential recovery in the real estate market. For HPG, the substantial investment by the chairman’s son reinforces confidence in the steel cycle recovery and HPG’s expansion plans. For VJC, the purchase by the chairwoman’s son, who has a background in technology and logistics, may signal long-term commitment to Vietjet’s digital transformation and ancillary services.

What to Watch

• Q1 2026 earnings reports for NLG, HPG, and VJC to assess fundamental trends.
• Any additional insider filings or changes in ownership by other board members.
• HPG’s steel output and pricing data, particularly in the context of global steel demand.
• NLG’s project launches and sales performance in the upcoming quarters.
• Vietjet’s passenger traffic and ancillary revenue growth, as well as any updates on its logistics platform Swift247.