Traphaco Appoints First Female CEO in Over a Decade

With over 30 years of dedicated service at Traphaco JSC (HOSE: TRA), Mrs. Dao Thuy Ha has been appointed as the new CEO, succeeding Mr. Tran Tuc Ma, who steps down after 15 years in the role but remains on the company’s Board of Directors.

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Traphaco has appointed Ms. Dao Thuy Ha as the new CEO for the 2021-2026 term, succeeding Mr. Tran Tuc Ma, who stepped down due to personal reasons. The decision takes effect from November 10th.

Ms. Dao Thuy Ha, born in 1975, holds a Master’s degree in Pharmacy and a Master’s in Business Administration. She joined Traphaco in 1996 and has nearly three decades of experience across market planning, R&D, and new product development. Prior to her appointment as CEO, she served as Deputy CEO overseeing Sales and Marketing, while also being a Board Member and representing 11.55% of SCIC’s capital in TRA. She personally owns 0.18% of the company’s equity.

Ms. Ha is considered a key figure in implementing Traphaco’s “dual development strategy,” focusing on both traditional and modern pharmaceuticals, alongside international technology transfer and digital transformation.

Mr. Tran Tuc Ma and Ms. Dao Thuy Ha – Traphaco’s new CEO

Her predecessor, Mr. Tran Tuc Ma, born in 1965, served as CEO from March 2011, totaling over 15 years in the role. He joined Traphaco in 1994 and has been with the company for over three decades, holding positions such as Sales Manager, Head of the Supervisory Board, and Board Member. Despite stepping down from executive duties, he remains a Board Member and holds over 1.7 million TRA shares, equivalent to 4.16% of the company’s capital.

Traphaco also received the resignation of Ms. Nguyen Thi Giang from the Supervisory Board on November 4th, which will be submitted to the General Meeting of Shareholders for approval at the next session.

In Q3/2025, Traphaco reported a net profit of over VND 68 billion, up 78% year-on-year. For the first nine months, the company achieved nearly VND 179 billion in net profit, a 12% increase, and VND 1,936 billion in revenue, up 12%, marking the highest nine-month revenue in its history. The company has fulfilled 76% of its annual revenue target and 75% of its post-tax profit goal. Growth was driven by increased sales of core products and expanded OTC channel coverage.

Traphaco’s Nine-Month Business Results Over the Years

On the HOSE market, TRA shares rose nearly 2% in the morning session of November 10th to VND 67,500 per share, though they remain down nearly 8% over the past year. Average liquidity remains below 65,000 shares per day.

TRA Share Price Movement Over the Past Year

Tung Phong

– 10:38 10/11/2025

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