Vietnam-based Thang Long Group JSC (coded TLG on the HoSE) has just announced its resolution to invest overseas in the Republic of the Philippines.
The company plans to invest abroad by establishing an economic organization as per the laws of the host country or by contributing capital, purchasing shares, or acquiring stakes in an existing organization to participate in its management. The specific investment format will depend on the practical implementation and compliance with Philippine regulations.
The investment project, named “Contribution to the Establishment of an Importer and Trading Company of Office Supplies in the Philippines,” aims to import and trade office supplies and other products permitted by Vietnamese and Philippine laws.
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The total expected investment for this overseas venture is 2.8 million USD, approximately 73.6 billion VND.
In terms of business performance, according to the consolidated financial statements for Q2 2025, Thang Long Group recorded a slight increase in net revenue of VND 1,246 billion, a rise of VND 38.7 billion compared to the same period last year. After deducting taxes and expenses, the company’s net profit reached nearly VND 222 billion, a decrease of 8.1%.
For the first half of 2025, the Group achieved a consolidated net revenue of over VND 2,040 billion, an increase of VND 24.5 billion compared to the same period in 2024. The after-tax profit was over VND 300 billion, a decrease of 8.9%.
For the full year 2025, the company expects a net revenue of VND 4,200 billion and an after-tax profit of VND 450 billion.
As of the end of Q2 2025, the Group has achieved 48.6% of its revenue plan and 66.7% of its after-tax profit target.
As of June 30, 2025, Thang Long Group’s total assets increased by 12.1% compared to the beginning of the year, reaching over VND 3,765 billion. Inventory accounted for VND 941 billion, or 25% of total assets.
On the liabilities side, the total payables were nearly VND 1,299.7 billion, an increase of 28.4% from the beginning of the year. Short-term and long-term borrowings amounted to nearly VND 525 billion, representing 40.4% of total assets.
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