Nam Long (NLG) appoints Nguyen Thanh Huong as acting CEO amid leadership change

Overview

Nam Long Group (NLG) has appointed Nguyen Thanh Huong as acting group CEO effective July 28, 2026, following the resignation of Lucas Ignatius Loh Jen Yuh. Huong, who previously served as the company’s chief investment officer, brings over 30 years of senior leadership experience in investment, finance and real estate. The leadership change comes as NLG navigates its development strategy and competitive positioning in Vietnam’s real estate sector.

Key Facts

• Nguyen Thanh Huong appointed acting group CEO of Nam Long effective July 28, 2026.
• Lucas Ignatius Loh Jen Yuh resigned as group CEO and second legal representative, effective Sept. 1, 2026.
• Loh submitted his resignation on July 27, 2026, and will remain a member of the Board of Directors.
• Huong has more than 30 years of experience in investment, finance and real estate.
• She previously held senior roles at Vingroup, Sovico Group, SSI and HSBC.
• At Nam Long, Huong served as group chief investment officer and played a key role in developing investment partnerships with Japanese investors.
• Chairman Nguyen Xuan Quang will directly oversee the Township and Residential Development division during the transition.
• NLG closed at VND 20,600 on July 28, 2026, on HOSE.

What Happened

According to a resolution of Nam Long’s Board of Directors, Lucas Ignatius Loh Jen Yuh will step down as group CEO and the company’s second legal representative effective Sept. 1, 2026, after submitting his resignation on July 27. He will remain a member of the Board of Directors. Nguyen Thanh Huong was appointed acting group CEO effective July 28, 2026, and will oversee the group’s management and operations.

Huong has more than 30 years of experience in investment, finance and real estate. She has held senior leadership roles, including CEO, chief strategy officer and chief investment officer, at organizations including Vingroup, Sovico Group, SSI and HSBC. At Nam Long, she previously served as group chief investment officer, where the company said she played a key role in developing investment partnerships with Japanese investors. Chairman Nguyen Xuan Quang welcomed her appointment and stated that the Board will work closely with her to execute the development strategy, enhance competitiveness and create sustainable value for shareholders.

Market Context

NLG shares closed at VND 20,600 on July 28, 2026, on the HOSE exchange. The real estate sector has faced headwinds from regulatory changes and a sluggish property market, though Nam Long has maintained a focus on affordable housing and township development. The leadership transition occurs amid ongoing efforts to strengthen partnerships and execute long-term projects.

Strategic Significance

The appointment of Nguyen Thanh Huong, with her extensive experience at major Vietnamese corporations and financial institutions, signals continuity in Nam Long’s strategic direction. Her background in investment and finance, combined with her previous role as chief investment officer at Nam Long, suggests a focus on capital allocation and partnership development. The chairman’s direct oversight of the Township and Residential Development division indicates the importance of this segment to the company’s growth. The transition is orderly, with Loh remaining on the board, which may help maintain stability.

What to Watch

• Q3 2026 earnings report for NLG to assess operational performance under new leadership.
• Any announcements regarding new investment partnerships, particularly with Japanese investors.
• Updates on the progress of key township projects and land bank development.
• Changes in the composition of the Board of Directors or senior management team.
• NLG’s stock price and trading volume trends on HOSE in the coming weeks.