Dat Xanh Group (stock code: DXG) has announced significant leadership changes, with Bui Ngoc Duc taking over as chairman of the board of directors. Duc, who previously served as general director, replaces Luong Ngoc Huy, who stepped down "as per the assignment of the board of directors".

The role of general director, vacated by Duc, will now be filled by Nguyen Truong Son. Son was previously the deputy general director for investment and concurrently chairman of the board of directors of Dat Xanh Services, a company controlled by Dat Xanh Group.

These executive appointments, announced in a press release on the afternoon of 16/4, are part of Dat Xanh's strategic restructuring. The company is reconfiguring its brand and operating model to align with a new growth cycle. A key focus of this restructuring is redefining its two core business segments: real estate development and real estate services.

According to Dat Xanh, the new chairman will concentrate on shaping the overall business model, financial restructuring, and establishing relationships with strategic partners and financial institutions. Concurrently, the new general director's primary responsibility will be to lead comprehensive restructuring efforts and manage internal operations.

Bui Ngoc Duc brings extensive experience to his new role. He graduated as a civil engineer from Ho Chi Minh City University of Architecture and holds a Master of Business Administration from Open University Malaysia. With 25 years of project development experience, he has worked with corporations in Singapore, Indonesia, South Korea, and Australia. Duc has been with Dat Xanh for twelve years, serving as executive director before his tenure as general director from 2020-2026.

Nguyen Truong Son, the new general director, joined Dat Xanh in 2011 and was appointed deputy general director in 2017. Since then, he has directly evaluated, appraised, and implemented many key projects for the company. He earned a Master of Business Administration from Maastricht University in the Netherlands.

Bui Ngoc Duc (left) and Nguyen Truong Son. *Photo: Phuong Dong*

Dat Xanh was founded by Luong Tri Thin in 2003 and currently oversees 92 direct and indirect subsidiaries. The company is listed on the Ho Chi Minh City Stock Exchange. Thin personally holds over 173 million shares, representing 15,53% of the company's capital.

For this year, the company aims to achieve 5,000 billion dong in revenue and 268 billion dong in after-tax profit. These targets reflect increases of 19% and 16% respectively compared to the same period.

Phuong Dong