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On Thursday, April 16, 2026, Dat Xanh Group announced leadership changes as part of a brand and operating-model restructuring to support a new growth cycle. The focus of the restructuring is to delineate two core business lines: real estate development and real estate services. Dat Xanh appointed Mr. Bui Ngoc Duc as Chairman of the Board with effect from today, replacing Mr. Luong Ngoc Huy, while the position of Chief Executive Officer was assigned to Mr. Nguyen Truong Son. Dat Xanh Group (ticker: DXG) said Mr. Luong Ngoc Huy has stepped down as Chairman according to the board's assignment of duties. Duc's position on the management team will be replaced by Nguyen Truong Son — Deputy CEO in charge of investments and Chairman of Dat Xanh Services (a company controlled by the Dat Xanh Group). Mr. Bui Ngoc Duc has a construction engineering degree from the Ho Chi Minh City University of Architecture and an MBA from Open University Malaysia. He has 25 years of experience in project development with groups in Singapore, Indonesia, Korea, and Australia. Duc has worked at Dat Xanh for 12 years and was appointed Chief Executive Officer for the 2020–2026 period. As for the new CEO Nguyen Truong Son, he joined Dat Xanh in 2011 and was appointed Deputy CEO in 2017. Since then, he has directly evaluated, assessed, and implemented many of the company's key projects. He holds an MBA from Maastricht University in the Netherlands. In a press release on the afternoon of April 16, Dat Xanh said senior leadership had been consolidated as the company is restructuring its brand and operating model for a new growth cycle. The focus of the restructuring is to delineate two core business areas: real estate development and real estate services. According to the company, the new Chairman will focus on solving issues such as shaping the overall business model, restructuring finances, and establishing relationships with strategic partners and financial institutions. Meanwhile, the main task of the new CEO is to lead the comprehensive restructuring and internal operations. Dat Xanh was founded in 2003 by Luong Tri Thinh; it currently has 92 direct and indirect subsidiaries. The company is listed on the Ho Chi Minh City stock exchange. Thinh owns more than 173 million shares, or about 15.53% of charter capital. The company targets this year revenue of VND 5,000 billion and after-tax profit of VND 268 billion, up 19% and 16% respectively versus the same period last year.
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