What Van Lang Technology Development & Investment does

Van Lang Technology Development & Investment Joint Stock Company (HNX: VLA), operating as VLA Group, was established on November 15, 2007 as a member company of Vietnam Education Publishing House and listed on the Hanoi Stock Exchange on August 4, 2010. It was originally a software house producing management systems for accounting, production, and human resources, alongside advertising websites and computer sales/maintenance. Over time the company has pivoted away from pure technology services and now operates as a diversified holding with three principal business groups: real estate investment and distribution, hotels and resorts, and training and business consulting.

The group's real estate operations are anchored by the January 2023 acquisition of Redpro Real Estate Company in Hanoi (~50 employees), which provides distribution into major developers including VINHOMES SMART CITY, VLASTA Văn Phú, Paris Elysor Thanh Hóa, and The Empire VINHOMES Ocean Park, plus land plot sales in Hòa Lạc. Hospitality assets include a 7-story, 24-room hotel purchased in Quảng Ninh in January 2023 and tourism consulting projects in Phú Quốc under FOSE.VN (a 59ha eco-tourism contract worth 1 billion VND) and a 1.2ha land parcel with an estimated 70 billion VND in sales and 2.1 billion VND in commission for VLA. The training and consulting arm partners with NIK (School of Business and Real Investment Training) and provides investment advisory to shareholders, who receive 1-2 free trips annually to the Phú Quốc resort.

Commercially, VLA operates a sales-led B2B model through direct consulting contracts and channel partnerships, with revenue streams spanning real estate transactions (one-time license style), recurring hospitality operations, professional services consulting, and a residual technology services business. Revenue has been highly volatile (2022: 1,375 billion VND peak; 2025: 455 billion VND), EBITDA has turned negative in 2024-2025, while net income remains positive primarily through financial income. The company employs 11-50 staff directly plus ~50 through Redpro, is headquartered at 81 Trần Hưng Đạo, Hanoi, and opened a Ho Chi Minh City branch in September 2023. In May 2025, the State Securities Commission approved raising the maximum foreign ownership ratio from 0% to 50%.

Name

Van Lang Technology Development & Investment

Legal name

Công ty Cổ phần Đầu tư và Phát triển Công nghệ Văn Lang

Website

https://vla.vn

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Van Lang Technology Development & Investment (VLA Group) is a Hanoi-based, HNX-listed diversified holding company (since 2010) operating real estate distribution via Redpro, hotels and resorts, business training and consulting, and residual management-software services for Vietnamese enterprise clients.

Ownership category

akta.pro rank

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Real Estate Operations: Real estate development, property acquisition and management including hotels and resorts. Revenue from property sales, consulting fees, and property management.
2. Hotel and Resort Operations: Hotel and resort management including a 7-story 24-room hotel in Quảng Ninh, eco-tourism areas in Phú Quốc, and other hospitality properties.
3. Training and Business Consulting: Business training, consulting services and investment advisory through partnerships with NIK and other training institutions.
4. Technology Services: Software development, computer sales, system maintenance services.
5. Consulting Contracts: Consulting fees from advisory services including product design, marketing, and operations consulting for tourism real estate projects.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Van Lang Technology Development & Investment (VLA) operates as a diversified investment holding company with three primary business groups: real estate investment and development (including property distribution through acquired subsidiary Redpro), hotels and resorts (a 7-story 24-room hotel in Quảng Ninh and eco-tourism projects in Phú Quốc), and training/business consulting with investment advisory. The company also retains its original software business producing management systems for accounting, production, and HR, plus advertising website construction and system maintenance services.

Product overview

VLA Group operates as a diversified investment company with four main business segments: (1) Software production and technology services including management software for accounting, production, and HR, plus advertising website construction and system maintenance; (2) Real estate investment and development; (3) Hotels and resorts operation including a 7-story hotel in Quảng Ninh; and (4) Training and business consulting services. The company has also expanded through acquisition of Redpro real estate company and partnerships in tourism development projects like Fose resort in Phú Quốc.

Differentiator

Problem solved

Functional benefit

Products and services

• Phần mềm quản lý (Management Software)

Named customers5 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Redpro Vietnam (Công ty Bất Động Sản Redpro)coreChannel Partner/ Reseller/ DistributorVLA acquired Redpro, a real estate distribution company with 50 employees in Hanoi. Redpro specializes in sales for major developers including VINHOMES SMART CITY, VLASTA Văn Phú Sầm Sơn, Paris Elysor Thanh Hóa, and The Empire VINHOMES Ocean Park. Redpro also sold hundreds of land plots in Hòa Lạc, Hanoi. This acquisition strengthens VLA's distribution capabilities for real estate products.
• FOSE.VNcoreStrategic or Co-development PartnerVLA signed a 1 billion VND consulting contract with FOSE.VN for a 59ha eco-tourism project in Phú Quốc. FOSE.VN is the exclusive tourism operator under Phú Quốc National Forest. Services include product design consulting, marketing consulting, and operations consulting. VLA shareholders receive 1-2 free tourism trips per year to this resort including meals, forest tours, and overnight stays in wooden cabins.
• Land Property 1.2ha Phú QuốcminorStrategic or Co-development PartnerVLA signed a consulting contract for a 1.2ha land property in Phú Quốc near Maison Du Vietnam Resort & Spa. Estimated sales value of 70 billion VND with 3% commission earning 2.1 billion VND for VLA. Services include product consulting and sales consulting.
• NIK (Trường Đào tạo kinh doanh và đầu tư thực tế)coreStrategic or Co-development PartnerVLA partnered with NIK (School of Business and Real Investment Training) for training and business education services. The two companies hold joint year-end meetings. NIK appears to be a related party with ongoing contract relationships with VLA.
• UHY Vietnam (Công ty TNHH Kiểm toán và Tư vấn UHY)minorOthersVLA signed audit contract number 242/2026/UHY-HĐKT dated June 5, 2026 with UHY for reviewing financial statements for the period ending June 30, 2026 and auditing financial statements for the year ending December 31, 2026.

Scale indicators5 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Dat Xanh Group JSC: Vietnamese real estate services and brokerage group; comparable to VLA via Redpro's distribution arm, with overlapping developer relationships and sales-driven revenue model.
• Hoang Anh Gia Lai JSC: Vietnamese diversified conglomerate spanning real estate, agriculture, and hospitality; directly comparable multi-segment model to VLA with similar small-cap listed profile on HOSE.
• FLC Group JSC: Vietnamese conglomerate combining real estate development, hospitality (FLC Resorts), and aviation services; directly comparable to VLA's diversified holding model with overlapping resort and property exposure.
• CEO Group JSC: Vietnamese diversified holding company listed on HNX operating in real estate development, resort/hospitality, and education/training with a small-cap profile and similar multi-segment strategy to VLA Group.
• Phat Dat Real Estate Development JSC: Vietnamese real estate developer of residential and commercial projects; comparable to VLA's real estate development and Phú Quốc land advisory activities.
• Yeah1 Group JSC: Vietnamese diversified holding company operating across media, digital, and consumer businesses; comparable to VLA's small-cap diversified holding model with similar listed-profile dynamics.
• Khang Dien House Trading and Investment JSC: Listed Vietnamese residential real estate developer with comparable small-to-mid-cap profile and developer-channel sales motion similar to Redpro's distribution model within VLA.

Broad incumbents

• FPT Corporation: Vietnam's largest technology and software services company; comparable as a much larger incumbent in the management software and IT services category where VLA's original business is positioned.
• Vinhomes JSC: Vietnam's largest real estate developer and a key partner of VLA's Redpro distribution subsidiary; relevant as the dominant incumbent whose project pipeline drives Redpro's sales commissions.
• Novaland Investment Group Corp: Major Vietnamese residential and resort real estate developer; broad incumbent comparable to VLA's resort/Phú Quốc exposure and historically a peer of Redpro's developer clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/van-lang-technology-development-and-investment-jsc

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Van Lang Technology Development & Investment