TNG INVESTMENT AND TRADING JOINT STOCK COMPANY

TNG Investment and Trading JSC: A Leading Vietnamese Garment Exporter with Global Reach

TNG Investment and Trading Joint Stock Company (TNG), headquartered in Thai Nguyen, Vietnam, continues to assert its position as a key player in Vietnam’s textile and garment industry. With over two decades of operation, a workforce exceeding 19,000 employees, and consistent year-over-year growth, TNG stands as a prime example of Vietnam’s export-driven industrial success.

Core Business and Operations

Founded in 2003, TNG specializes in the manufacturing and processing of garment products, complemented by activities in real estate investment, retail, and industrial services. The company owns and operates several factories across Thai Nguyen Province, including in Son Cam, Song Cong, and Kha Son Industrial Parks.

TNG's product portfolio primarily targets export markets, producing apparel for global clients. In addition to garments, its registered business lines range from machinery repair and industrial equipment installation to retail sales of IT and pharmaceutical goods.

Strong Financial Performance in 2024

In 2024, TNG reported remarkable financial performance:

• Revenue: USD 314.52 million (▲7.9% YoY)

• Net Profit: USD 12.93 million (▲43.47% YoY)

• Total Assets: USD 238.97 million

• Equity: USD 77.75 million

Although the company reported negative working capital of USD -4.66 million, its net profit rebound and asset growth signal healthy operational momentum. Notably, TNG has shown resilience following a dip in profit in 2023, with a significant turnaround this past year.

Ownership and Governance

TNG is publicly listed on the Hanoi Stock Exchange under the ticker symbol TNG. The company’s leadership is rooted in long-standing internal expertise:

• Chairman: Mr. Nguyen Van Thoi (owns 18.53% of shares)

• General Director: Mr. Nguyen Duc Manh (8.83% stake)

• Deputy General Director: Ms. Doan Thi Thu

Other institutional shareholders include Philip Securities (Thailand) and Korea Investment & Securities Co., Ltd, reflecting growing international investor interest in TNG.

Strategic Positioning

TNG’s strategic location in northern Vietnam positions it advantageously for cross-border logistics and access to key seaports. Its strong manufacturing base and export orientation make it a critical part of Vietnam’s textile supply chain amid ongoing global shifts toward diversification away from China.

Moreover, the company’s expansion into auxiliary sectors such as printing, IT retail, and equipment maintenance demonstrates its effort to evolve into a more integrated industrial ecosystem.

Challenges and Outlook

Despite robust earnings, the negative working capital remains a concern that may signal short-term liquidity constraints. However, the company’s solid equity base and ability to rebound profitably from market downturns suggest a strong underlying foundation.

As global demand for sustainable and competitively priced textiles continues to grow, TNG is well-positioned to benefit—particularly if it invests further in automation, green manufacturing, and strategic partnerships.

Conclusion:
TNG Investment and Trading JSC exemplifies the growth trajectory of Vietnamese manufacturing firms integrating into global value chains. With sound leadership, diversified business lines, and steady financial performance, TNG is poised to maintain and expand its role as a trusted exporter on the world stage.