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At Vingroup's shareholders' meeting on the morning of April 22, a shareholder asked about the personal working schedule of Chairman Pham Nhat Vuong. Mr. Vuong said his day is fairly simple: he starts with a workout and breakfast before entering work. After working hours, he mainly spends time with his family and reduces handling work, except in truly urgent cases. "Occasionally, if I have an idea at midnight, I will note it down so as not to forget," the richest Vietnamese said. In the trading session on April 22, VIC (Vingroup) stock hit the ceiling at 207,200 dong per share. At that price, the stock of the billionaire's group was the highest in the VN30 index. Compared with the start of 2025, VIC's price has increased tenfold. By the close, this stock had remaining buy orders above the ceiling price of more than 1.2 million shares, with more than 4.7 million shares traded. Foreign investors also bought about 162 billion dong net. Along with VIC, the VIC's sister stock VHM also rose more than 3%, landing in the top 3 most expensive stocks in VN30. The two Vingroup stocks together had the most positive impact on the overall market, leading the trend. This surge added USD 2.7 billion to Vuong's wealth, bringing his net worth to about USD 34 billion by this afternoon, according to Forbes. He also ranked 67th among the world's richest people. No return to gasoline-powered cars. At the general meeting, a shareholder asked about VinFast's strategic direction. The shareholder noted that, in the past five years, electric vehicles have been developing strongly worldwide, but recently many automakers have returned to hybrid models. Therefore, the question was whether VinFast would adjust its strategy accordingly. The shareholder also expressed concerns about the costs of expanding the market and operating costs of the company, saying that software on some models such as VinFast VF e34 or VF 8 still has certain issues. In addition, the shareholder asked why in the last two years the company has not accelerated the rental car and ride-hailing segments of Xanh SM to quickly capture the market. Chairman Pham Nhat Vuong asserted VinFast will remain committed to the electric vehicle strategy and will not return to producing gasoline-powered cars. According to him, the company is researching technology solutions to extend driving range, including the option of using a gasoline-powered charging component to assist in areas with limited charging infrastructure, even though the vehicle remains fully electric. On operations, Vuong said the battery segment is a critical factor for EVs; the company is pursuing a balanced strategy across multiple supply sources. Autonomy of the battery is implemented through three directions: buying from partners, contract manufacturing, and partial in-house production. He stressed that the company does not pursue a fully in-house model and always chooses to cooperate with suppliers in the supply chain. In 2025, Vingroup's net revenue reached VND 331,800 billion, up 76% year on year. Net profit after tax reached VND 11,100 billion, up 110% versus 2024. Moving into 2026, the group aims for net revenue from manufacturing activities of about VND 485,000 billion and net profit after corporate income tax of about VND 35,000 billion.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
