AsemconnectVietnam - Tuong An is expected to be restructured to become the center of the edible oil industry chain within the KIDO ecosystem. After the restructuring is complete, companies like Tuong An will return to the stock exchange for listing, while Tho Phat will be listed for the first time so that shareholders can choose to invest in each sector separately.

This was the content shared by the KIDO Group (KDC) leadership at the 2026 annual general meeting held yesterday (May 29, 2026).
In 2026, KDC plans to achieve revenue of VND12,000 billion, an increase of 33%, and pre-tax profit of VND700 billion, a slight decrease of 4% compared to last year.
At the end of the first quarter, the company recorded net revenue of nearly VND2,482 billion, an increase of 16% compared to the same period last year. Net profit after tax reached VND 32 billion, an improvement compared to the loss of VND67 billion in the same period last year.
In the first quarter, KDC's management stated that the company was negatively affected by the high and increasingly scarce import of raw materials, disruptions in the logistics and transportation system, and a sharp increase in the USD/VND exchange rate, leading to higher input costs. "Kido had good forecasts, so the risks were mitigated, but it's impossible to avoid negative impacts," a company representative said.
Mr. Tran Kim Thanh, Chairman of the Board of Directors of KIDO, shared that KIDO is reorganizing the group into individual product lines instead of operating under a centralized model as before. The goal is to clearly reflect the efficiency of each business area, making it easier for investors to value products and creating room for long-term growth. KIDO is responsible for the brand and distribution system. The company is expanding cooperation in the fields of essential food items, frozen steamed buns, and frozen foods. The goal is to make the company one of the three largest consumer food corporations in Southeast Asia by 2030.
In particular, the edible oil and food segments will be organized into more specialized units, continuing to restructure to improve operational efficiency and increase linkages in the value chain. Tuong An is expected to be restructured to become the center of the edible oil industry chain within the KIDO ecosystem. After the restructuring is complete, companies like Tuong An will return to the stock exchange for listing, while Tho Phat will list for the first time so that shareholders can choose to invest in each sector separately.
Accordingly, Vocarimex (VOC) will transfer its entire stake in Tuong An, and KIDO will transfer its KIDO Nha Be shares to Vocarimex or a third party at a price no lower than the initial investment cost. Simultaneously, Tuong An plans to issue shares privately to KIDO in exchange for Vocarimex shares, thereby increasing its charter capital from VND338.8 billion to VND3,188 billion.
It is expected that after the transfer, KIDO will own at least 97% of Tuong An's capital, while Tuong An will hold at least 93% of Vocarimex's capital, and Vocarimex will own 99% of KIDO Nha Be's capital.
KIDO continues to expand its value chain in the essential food industry through a cooperative model instead of investing from scratch. According to the KIDO Chairman, priority is given to cooperating with businesses that already have production capacity but lack strong distribution capabilities to shorten the time needed to expand into the market.
Regarding retail investments, after officially acquiring a controlling stake of 75.39% in Hung Vuong Plaza in 2024, KIDO continued to complete its investment in 40.05% of shares in Bac Binh Construction Investment Joint Stock Company - the operator of Van Hanh Mall (100% occupancy rate) - in 2025.
Owning Hung Vuong Plaza & Van Hanh Mall expands the retail ecosystem, adding modern shopping malls to its investment portfolio. These malls are not only shopping centers but also entertainment destinations, contributing to enhancing customer experience and increasing revenue and profits for KIDO.
Regarding real estate projects, several projects are completing legal procedures, such as the 17-hectare complex project in Phu Thuan ward, which is undergoing the conversion of land from equitized land to commercial land according to the new Resolution 171.
“According to the new resolution, it is possible to convert land already allocated for shareholding into commercial land. Thanks to this, the company is accelerating the conversion process while simultaneously developing projects to maximize benefits for shareholders,” shared Mr. Tran Le Nguyen, General Director of the company.
In addition, the company owns several land plots in Ho Chi Minh City, such as on No Trang Long Street and Phan Huy Ich Street (the former Tuong An factory area). Furthermore, KIDO is coordinating with relevant departments and the Ho Chi Minh City People's Committee to complete the necessary documentation for the 8-12 Le Duan project. The company expects to receive approval from the authorities soon to continue implementation.
Responding to a shareholder's question about the sharp sell-off of shares at the end of May, Mr. Nguyen stated that it was a normal market fluctuation, possibly stemming from portfolio restructuring by foreign funds or a shift in capital flows. The management team affirmed that they will focus on internal growth, expanding market share, and maintaining financial efficiency rather than interfering with stock price movements.
In the era of technology and AI, Mr. Tran Kim Thanh stated that the company is also investing in AI to reduce costs and deliver the best results for shareholders. The company also plans to integrate AI into its management. The leadership team said that since 2010, the company has applied a modern management system, resulting in a massive amount of data, making the use of AI highly effective.
N.Nga
Source: VITIC/ Dau tu Chung khoan