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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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In Q1 2026, the government bond market was affected by fluctuations in interest rates and liquidity. The State Treasury conducted auctions, mobilizing 80.101 billion dong, equivalent to 72.8% of the quarterly plan and 16% of the annual plan. Based on the state budget estimate for 2026 approved by the National Assembly and the debt borrowing plan for 2026 approved by the Prime Minister, the Ministry of Finance (State Treasury) announced the 2026 Government Bond issuance plan (Phase I) of 500 trillion dong. In Q1 2026, global political and economic conditions were volatile, particularly military conflicts in the Middle East, which affected macroeconomics and the domestic financial-monetary markets. The interbank rate environment fluctuated in Q1 2026. The overnight rate reached as high as 17% per year, with an average of 5.84% per year, up 1.27 percentage points from 2025. Additionally, liquidity in the banking system did not improve; credit growth in 2026 is expected to be around 15%. Against this backdrop, the Ministry of Finance (State Treasury) issued Government Bonds in line with market developments and conducted bids for the entire issue volume. As of the end of Q1 2026, the State Treasury had held 11 bidding sessions, with issued volume of 80.101 billion dong, equivalent to 72.8% of the Q1/2026 plan (110.000 billion dong), and 16% of the 2026 annual plan. Government bonds were issued with maturities from 5 to 15 years. No bids were received for maturities from 20 to 30 years. The average maturity of issues was 10.02 years, and the portfolio’s average maturity to maturity was 8.44 years. Issuance yields are market-driven and aligned with monetary policy. The average issuance yield through Q1 2026 was 4.06% per year, up 0.8 percentage points from 2025.

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…