Thuduc House appoints new CEO as company faces financial challenges

Thuduc House has appointed Tran Thi Lien as the new CEO, replacing Nguyen Hai Long, who will now serve as a senior advisor. Lien has no prior experience at the company but holds a degree in economics. This leadership change comes as Thuduc House has faced instability since 2022, with previous CEOs leaving within a year. The company has struggled financially, reporting significant losses in recent years. In 2023, Thuduc House's revenue dropped by over half compared to the previous year, with a loss of nearly 4 billion dong in the first nine months. The company has accumulated a total loss of approximately 755 billion dong by the end of the third quarter.