Van Lang Investment and Technology Development Joint Stock Company, formerly a subsidiary of Vietnam Education Publishing House, was established under Decision No. 1338 / QD-TCNS on November 15, 2007 by the Education Publishing House.
On July 19, 2010, Hanoi Stock Exchange issued a certificate approving the shares of Van Lang Investment and technology development Joint Stock Company (Stock code: VLA) to be traded on the Hanoi Stock Exchange.
On August 4, 2011, VLA stock officially traded its first session on the Hanoi Stock Exchange.
Van Lang’s current main business is training in critical thinking skills, marketing, sales, communication, leadership, financial management, and public speaking skills.
Following the challenges in 2023, VLA achieved a revenue of VND 11.2 billion, a decrease of nearly 70% compared to the previous year, and a net profit of VND 137 million after tax.
In the report, VLA stated that in 2023, their training activities faced many difficulties such as a decrease in the number of classes and students compared to the previous year, leading to a 66% decrease in revenue compared to the previous year.
The reason is due to the difficult economic situation, recession, and a sharp decline in real estate and stock market activities, resulting in a decrease in the demand for education and training.
Successful investment courses offered by Van Lang in 2023 include: Real estate investment strategy, Investment intelligence 5.0, Secrets of effective capital mobilization, Business intelligence, …
Investment intelligence course. Image: Cut from Youtube clip
Although the company continued to offer investment courses, the management board of Van Lang reported that in 2023, due to the unpredictable stock market fluctuations, the company was cautious to protect their financial assets.
Regarding real estate investment, in 2022, the company bought a hotel in Quang Ninh for VND 18 billion. However, they faced difficulties in transferring ownership rights to VLA and the hotel business was severely affected, resulting in operational challenges.
Therefore, the Board of Directors proposed a resolution to the Board meeting to terminate the hotel purchase contract, recover the capital, and address the related compensation procedures.
In 2024, in addition to maintaining training activities and expanding courses such as investment strategies, real estate, business intelligence, and capital mobilization, the company will focus more on real estate investment, stock market, and other services to increase revenue and ensure job security, income for employees, and dividend payments for shareholders.
Additionally, the company will strengthen its fee-based real estate investment consulting services, research and implement financial investment advisory services, real estate brokerage, business structure consulting, and other financial services.
In 2024, the company aims to achieve a revenue of VND 20 billion and a net profit after tax of VND 3 billion. The estimated dividend for 2023 is 4% of the charter capital.
In the latest development on February 26, the Board of Directors of Van Lang Investment and Technology Development Joint Stock Company (VLA) approved the use of nearly VND 20 billion from the additional share issuance to existing shareholders.
Notably, besides labor costs, employee salaries, and costs for expert training; organizing classes, conferences; costs for documents, printing, receptions, and transactions, advertising costs and marketing expenses are budgeted up to VND 12 billion.
Courses introduced on the vla.edu.vn website
The current Chairman of the Board of Directors of VLA is Mr. Nguyen Thanh Tien. As of the end of 2023, Mr. Tien owns 9.08% of the company’s capital shares. He is also the main instructor and owner of a Youtube channel with 179 thousand followers.
According to the information on the vla.edu.vn website, Mr. Tien appeared in many courses related to investment, real estate, marketing, and personal development such as: Secrets to Become a Millionaire in Dollars, Unique real estate, Rental management,…
The prices of these courses range from VND 300,000 to a few tens of millions of Vietnamese Dong. There are also some free courses available.
