THIEN LONG GROUP CORPORATION (CÔNG TY CỔ PHẦN TẬP ĐOÀN THIÊN LONG) is a well-known Vietnamese enterprise operating as a publicly listed joint stock company under Business ID and Tax Code 0301464830. The company is registered with the Ho Chi Minh City Department of Planning and Investment and trades on the Ho Chi Minh Stock Exchange (HOSE) under the ticker TLG. Founded on March 14, 2005, the company has now operated for more than two decades and employs nearly 3,000 people across Vietnam. Its head office is located on the 10th floor of Sofic Tower, No. 10 Mai Chi Tho Street, Thu Thiem Ward, Thu Duc City, Ho Chi Minh City.

The current legal representatives are Co G. T., who serves as Chairman, and Tran P. N., the General Director. The finance function is managed by Nguyen N. N., Chief Accountant. While this leadership team brings continuity and depth, the concentration of ownership—particularly 6.27% held personally by the chairman and 47.52% through Thien Long An Thinh Investment Corporation—raises the importance of ongoing board-level transparency, particularly in the context of a publicly traded structure.

As of March 31, 2025, THIEN LONG GROUP CORPORATION reported total assets of USD 138.02 million, up 19.62% from the prior year. Owner’s equity reached USD 96.43 million, while net profit rose significantly to USD 18.91 million, representing a 29.21% increase year over year. Revenue also grew, hitting USD 154.41 million in 2024, a steady rise of 8.57%. These numbers indicate solid financial footing and strong earnings momentum—especially following a slight contraction in both profit and revenue in 2023.

The company's working capital is also notably strong, with a balance of USD 69.23 million, providing a substantial buffer for liquidity and day-to-day operations. This strength is particularly important in a company with such diversified business lines, spanning everything from stationery and office equipment manufacturing to specialized machinery and wholesale distribution.

However, the company’s rapid bounce-back after a down year suggests it may be exposed to cyclical or seasonal volatility in certain segments—especially retail and education-related products. Given its role as both a parent holding entity and a manufacturer, shifts in consumer demand, import-export constraints, or raw material pricing could all impact future performance.

Another point of consideration lies in the evolving structure of its business model. While the registered line of business is “management consultancy,” THIEN LONG GROUP CORPORATION is an operational and production-driven conglomerate. The group holds capital in and coordinates operations across several subsidiaries, with activities ranging from manufacturing pens and art tools to producing plastic goods and office equipment. This mismatch between the formal industry code and actual operations is noted in the report itself, which may signal a need for updates in regulatory declarations to align with business reality.

From a credit and risk management standpoint, THIEN LONG GROUP CORPORATION is a low-risk, well-capitalized public company with a strong market presence and healthy profitability. But it remains important to monitor three factors: (1) changes in shareholder concentration, especially given that almost half the company is owned by a single corporate entity; (2) performance of downstream subsidiaries under the holding structure; and (3) operational efficiency, as manufacturing and wholesale businesses are susceptible to supply chain disruptions and cost inflation.

In short, THIEN LONG GROUP CORPORATION appears stable and growing—but like any diversified, consumer-facing conglomerate, it must manage its capital allocation, internal controls, and governance with rigor to maintain its credit strength in the years ahead.