Thien Long showcases its products at an exhibition, aiming to expand its presence in the private economic development sector – Illustration
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On August 15, Thien Long’s Board of Directors approved an overseas investment of 2.8 million USD (approximately 74 billion VND) to establish a subsidiary in the Philippines, tentatively named FlexOffice Philippines Inc., specializing in importing and trading office supplies. The investment will be made entirely from the company’s equity, and the specific investment method will depend on the actual regulations in the Philippines.
This move is aligned with Thien Long’s strategy to expand its presence in Southeast Asia, as shared by the company’s leadership on multiple occasions. In 2024, while domestic revenue grew by 9%, the Southeast Asian market witnessed a remarkable 25% increase. In recent years, Thien Long’s exports have consistently grown by over 20%, with the FlexOffice brand establishing itself as a top player in the Philippines.
Thien Long is committed to accelerating its growth in the Southeast Asian market and exploring new regions. The company is leveraging its expertise in developing sales channels in Vietnam and applying it to foreign markets, supported by local teams with market knowledge. In addition to focusing on the Philippines, Thien Long is also ramping up its presence in Indonesia, maintaining its market share in Myanmar, and exploring expansion into new markets in Europe, Japan, the Middle East, South America, and Africa.
Despite facing competition from low-cost products domestically and internationally, Thien Long remains confident in its stable profit margins and the strong position of the FlexOffice brand in target markets. The company is deepening its collaboration with local distribution partners to increase its reach and sustain high growth rates overseas.
Regarding financial performance, Thien Long reported relatively flat revenue of over 2,040 billion VND for the first half of 2025 compared to the same period last year, while net profit decreased by 9% due to a significant 35% increase in selling expenses, mainly driven by a more than twofold rise in marketing, fair, and promotional activities. However, the gross profit margin improved from 46% to 49.5%, and the company achieved 49% of its annual revenue target and 67% of its profit target for the full year within the first six months.
| Thien Long’s Semi-Annual Business Results |
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In the stock market, TLG shares are currently trading at 52,400 VND per share, a slight decrease of 5% over the past month but a notable increase of 16% over the past year. The average trading volume is over 312,000 shares per session. However, the share price has not yet returned to its peak of more than 69,000 VND per share reached at the end of 2024.
| TLG Share Price Movement Over the Past Year |
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– 11:30, August 18, 2025
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