Nam Long (NLG) appoints Nguyen Thanh Huong as acting CEO, 2025 net profit up 35%
This Aveluro analysis covers NLG on HOSE in the Real Estate 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 - Doanh nghiệp, 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
Nam Long Investment Corporation (NLG) has appointed Nguyen Thanh Huong as acting CEO, effective July 28, 2026, replacing Lucas Ignatius Loh Jen Yuh, who resigned effective September 1, 2026. The company also reported 2025 net profit of VND 701 billion, up 35% year-on-year. The leadership change comes amid a strategic focus on urban development and housing.
Key Facts
- Nguyen Thanh Huong appointed acting CEO of Nam Long (NLG) from July 28, 2026.
- Lucas Ignatius Loh Jen Yuh resigned as CEO effective September 1, 2026, remaining as board member.
- Huong has over 30 years of experience in investment, finance, and real estate, previously at Vingroup, Sovico Group, SSI, and HSBC.
- She served as Nam Long’s Investment Director for many years, overseeing capital mobilization and investment cooperation.
- Chairman Nguyen Xuan Quang will directly oversee the urban area and housing segment as Chairman of Nam Long Land (NLL).
- NLG reported 2025 net profit of VND 701 billion (+35% YoY) on net revenue of VND 5,645 billion.
- 2026 targets: consolidated revenue of VND 7,630 billion and sales of VND 23,460 billion.
- NLG stock closed at VND 20,600 on July 28, 2026, up 3% but far below the 2022 peak of VND 50,000.
What Happened
Nam Long’s Board of Directors approved the appointment of Nguyen Thanh Huong as acting CEO effective July 28, 2026, following the resignation of Lucas Ignatius Loh Jen Yuh, who stepped down effective September 1, 2026. Loh will remain a board member. The decision was disclosed in a company filing.
Huong, born in 1972, brings more than 30 years of experience in investment, finance, and real estate. Prior to joining Nam Long, she held management roles at Vingroup, Sovico Group, SSI, and HSBC. Within Nam Long, she served as Investment Director for several years, responsible for capital raising and investment partnerships with domestic and international partners.
Market Context
NLG shares closed at VND 20,600 on July 28, 2026, up 3% on the day, but remain significantly below the peak of VND 50,000 reached in early 2022, reflecting the broader correction in the real estate sector. The company is listed on HOSE. The leadership change comes as Nam Long targets strong growth in 2026, with revenue and sales targets well above 2025 levels.
Strategic Significance
The appointment of an insider with deep experience in finance and investment suggests continuity in Nam Long’s strategic direction, particularly in capital raising and partnership development. Chairman Nguyen Xuan Quang’s direct oversight of the urban development and housing segment (via Nam Long Land) signals a sharper focus on core residential projects. The 2026 targets imply a significant ramp-up in sales execution, which will test the new management team’s ability to deliver.
What to Watch
- Q2 2026 earnings release for NLG to assess early progress toward 2026 targets.
- Any further management changes or board restructuring.
- Updates on capital raising or partnership deals, given Huong’s background.
- NLG’s sales performance in the second half of 2026, particularly in key projects.
- Stock price reaction and foreign ownership trends following the leadership change.