Thuong Dinh Shoes appoints new CEO ahead of major capital raise

Thuong Dinh Shoes Joint Stock Company (GTD) has appointed Vu Minh Tuan as its new General Director, effective September 17, 2026. Mr. Tuan, born in 1977, will also serve as the company’s new legal representative, succeeding Nguyen Thanh Nhon.

Mr. Tuan currently holds several leadership roles within the Vinaconex ecosystem, including Chairman and Director of Vinaconex 27, as well as deputy positions within the Investment Department and the Northeast Investment Project Management Board of Vinaconex (VCG).

Mr. Nhon’s departure follows a personal resignation due to changes in work plans and shareholder assignments. This leadership transition occurs as Thuong Dinh Shoes prepares for a significant capital mobilization plan to implement a project at 277 Nguyen Trai, Hanoi. The company intends to issue 216.5 million shares to domestic strategic investors at 10,000 VND per share, aiming to raise 2,165 billion VND. The State Securities Commission has confirmed receipt of the registration dossier for this private share offering.