TNG deploys 8 automatic conveyor lines at Dai Tu Factory in May 2025 – Illustrative image |
On August 21, TNG’s Board of Directors approved the signing of a credit limit contract for a maximum of VND 650 billion with the Vietnam Industrial and Commercial Bank (VietinBank) – Thai Nguyen Branch. The loan aims to supplement working capital, issue guarantees, and LC for business activities. TNG uses the company’s assets as collateral for the bank obligations.
Prior to this, on June 09, TNG approved a credit contract with BIDV – Thai Nguyen Branch, with a limit of VND 1,200 billion signed on August 05. In late 2024, the company issued bonds worth VND 400 billion, mainly to institutional investors.
Financial debt exceeded VND 3,600 billion
The reviewed semi-annual financial statements for 2025 recorded short-term debt as of June 30 of more than VND 2,743 billion, up 71% from the beginning of the year, mainly from banks. Major creditors include BIDV – Thai Nguyen Branch (VND 691 billion), MB – Thai Nguyen Branch (VND 493 billion), VietinBank – Thai Nguyen Branch (VND 411 billion), and Vietcombank – Thai Nguyen Branch (VND 298 billion).
Long-term debt exceeded VND 983 billion, of which BIDV – Thai Nguyen Branch accounted for more than VND 332 billion and VietinBank – Thai Nguyen Branch accounted for more than VND 266 billion.
Scaling up production
Along with the capital mobilization strategy, TNG is expanding its production scale with export orders filling up the plan until Q4/2025. Europe accounts for 50% of the order structure, the US 26%, and Russia 10%. The enterprise plans to add 10 more sewing lines, recruit 1,000 new employees, and focus on high-tech orders to improve profit margins.
In the first half of 2025, the company added 641 employees, bringing the total number of employees to 19,693. Labor costs amounted to VND 1,299 billion, up 22% over the same period, with an average income of VND 11 million/person/month.
Regarding financial targets, TNG achieved revenue of VND 4,038 billion and net profit of over VND 161 billion, setting semi-annual records. The company has achieved 53% of its revenue plan and 51% of its profit target for the year.
| TNG’s Semi-Annual Business Results |
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Share price fluctuates, preparing for ESOP issuance
After four consecutive declining sessions, on August 25 morning, TNG share price surged 2.56% to VND 20,000/share. Despite a 9% decrease in one month, the market price is still up 18% in the past three months, although it is lower than 24% compared to the region a year ago, with an average liquidity of nearly 1.7 million shares/day.
| Movement of TNG share price in the past year |
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On August 06, Shinhan Bank Vietnam approved the sale of more than 169,000 TNG shares by Fides Mplus member fund, reducing its ownership rate to 5.86%.
In another development, TNG is preparing to issue more than 6 million ESOP shares at VND 10,000/share, half of the current market price. Chairman Nguyen Van Thoi and his two sons are entitled to buy nearly 40% of the issuance. The expected proceeds of over VND 61 billion will be used to pay material suppliers.
– 13:00 25/08/2025
TNG Issues Over 6 Million ESOP Shares at VND 10,000 Each, with the Chairman’s Family Planning to Purchase Nearly 40%
The Hanoi-based Investment and Trading Joint Stock Company TNG (HNX: TNG) plans to offer over six million shares to its employees and stakeholders at a discounted price of 10,000 VND per share, which is significantly lower than the current market price. This move will see the company’s Chairman, Nguyen Van Thoi, and his two sons being offered nearly 40% of this allocation.
