Van Lang Tech (VLA) Chairman Resigns, Halts Education Business as Revenue Target Slashed

Overview

Van Lang Technology Development and Investment JSC (VLA) has accepted the resignation of Chairman Nguyen Thanh Tien, a well-known real estate investment speaker with over 1.2 million social media followers. The company also decided to discontinue its education and training business, citing market contraction and intense competition. VLA now targets 2026 revenue of VND 5 billion, down 67% year-on-year, and net profit of VND 500 million, a 43% decline.

Key Facts

• Chairman Nguyen Thanh Tien resigned for personal reasons, effective after the 2026 Annual General Meeting.
• Successor Tran Quang Thinh, a board member, was appointed as the new Chairman.
• VLA decided to stop its education and training business, which was operated in cooperation with NIK Company.
• The company cited market contraction since 2022, with a significant drop in student enrollment.
• 2026 revenue target: VND 5 billion, down 67% from 2025 actual revenue.
• 2026 net profit target: VND 500 million, down nearly 43% from 2025.
• Q1/2026 net revenue was VND 535 million, down sharply from nearly VND 6 billion in Q1/2025.
• Q1/2026 net profit after tax was VND 210 million, up 18% year-on-year due to cost reductions.

What Happened

Van Lang Technology Development and Investment JSC (VLA) announced that its Board of Directors accepted the resignation of Chairman Nguyen Thanh Tien, effective after the successful 2026 Annual General Meeting. Mr. Tien, who had served as Chairman since 2020, is a prominent social media personality with over 1.2 million followers, known for teaching real estate investment and wealth-building courses priced up to VND 180 million. He will remain a board member.

Concurrently, VLA decided to cease its education and training operations, which were conducted in partnership with NIK Company. Management explained that since 2022, the training market has contracted sharply due to economic difficulties, leading to a significant decline in student numbers and revenue. Despite efforts to adjust marketing and improve course quality, the company concluded that the business was no longer viable. VLA will now focus on investment, corporate financial advisory, and software sales.

Market Context

VLA is listed on the UPCOM exchange. The company’s decision to exit education comes after a period of declining revenue; Q1/2026 net revenue fell to VND 535 million from nearly VND 6 billion in the same period last year. However, net profit increased 18% year-on-year to VND 210 million, aided by cost controls. The 2026 targets imply a further sharp contraction, reflecting the company’s strategic pivot away from its core education business.

Strategic Significance

VLA’s exit from education marks a fundamental shift in its business model, moving from a high-profile, founder-led training company to a smaller-scale investment and advisory firm. The resignation of Chairman Nguyen Thanh Tien, the public face of the brand, underscores the challenges in the Vietnamese education market, particularly for premium-priced courses. The new strategy focuses on lower-revenue but potentially more stable activities, such as corporate advisory and software. Long-term investors will need to assess whether VLA can generate sustainable profits from these new segments.

What to Watch

• Q2/2026 earnings report to gauge revenue trajectory and cost management.
• Any new business development or partnership announcements in the investment or software sectors.
• Changes in board composition or further executive departures.
• Market reaction to the strategic pivot, including trading volume and price trends on UPCOM.
• Regulatory filings detailing the wind-down of the education business and any associated liabilities.