According to the recently released business results, Thien Long Group (HOSE: TLG) reported net revenue of nearly VND 3.52 trillion in the first 10 months of 2025, a 9% increase compared to the same period last year. The domestic market contributed VND 2.57 trillion, while the international market added VND 944 billion, both growing by approximately 9%.
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Thien Long’s Business Plan Implementation Status
Unit: Billion VND
Source: Thien Long
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In the domestic market, Thien Long noted that traditional retail activities have yet to fully adapt and recover from external factors, including tax regulation changes, anti-counterfeiting campaigns, and prolonged, complex flooding. These factors have increased pressure on distribution channels and impacted consumption rates in key regions.
However, the market saw positive momentum in modern distribution channels, particularly e-commerce, where demand remained strong and customer bases continued to expand. According to Thien Long, improvements in these channels helped stabilize overall consumption, offsetting declines in traditional channels and supporting the domestic market’s growth trajectory.
In the international market, despite global economic uncertainties, Thien Long achieved stable growth in both traditional exports and contract manufacturing. The company attributed this to its flexible production capabilities, strong brand reputation in key markets, and ability to proactively allocate orders based on demand trends. Nevertheless, growth momentum from Q3 to Q4 was somewhat affected by natural disasters in several Southeast Asian markets, which are traditional export hubs with significant revenue shares for the Group.
In contrast to the company’s stability, TLG shares experienced significant volatility recently. On the stock exchange, the stock price hit its upper limit in the first two trading sessions of December 2025, accompanied by a surge in trading volume.
| TLG Stock Trading Performance in 2025 |
– 3:58 PM, December 2, 2025
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