In a notice sent to the Stock Exchange on 5/3, LDG Investment Joint Stock Company announced the establishment of a Strategic Council and appointed Nguyen Khanh Hung as its chairman.

According to LDG, this council will advise the Board of Directors and executive board on strategic development directions. The council will also participate in developing and implementing strategies for the company's important policies and decisions.

Hung's duties include organizing and coordinating activities, establishing the council's member structure, and its operating regulations.

Nguyen Khanh Hung. Photo: LDG 2021 Annual Report

Nguyen Khanh Hung was formerly the chairman of LDG's Board of Directors. In late 2023, Dong Nai provincial police temporarily detained him for investigation into customer fraud related to 488 illegally built villas. In 4/2025, the court determined Hung knew the Tan Thinh residential project, developed by LDG, lacked sufficient business conditions. Despite this, he directed subordinates to advertise and sign contracts with customers, leading to a 16-month prison sentence.

In 6/2025, Hung appeared at LDG's annual general shareholders' meeting but has not held any leadership position since then.

LDG is headquartered in Dong Nai, with business operations spanning several localities including TP HCM, Can Tho, Khanh Hoa, and Da Nang. The company has a charter capital of nearly 2,570 billion VND and primarily operates in real estate. Its shares have been listed on the TP HCM stock exchange since 2015.

Last year, LDG reported revenue of 403 billion VND, significantly short of its 1,822 billion VND target approved during the annual meeting. However, profit surged to 137 billion VND, a notable improvement from a loss of over 1,500 billion VND in 2024.

Phuong Dong