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HDBank stated that the purpose of establishing a bank within the International Financial Center in Vietnam is to align with its strategy to expand its network, increase brand recognition domestically, regionally, and globally. The Board of Directors also proposed that shareholders approve and authorize the Board to decide the bank's name, the specific charter capital, the location of its head office, and related matters to establish a 100% domestically owned commercial bank operating at the International Financial Center in Vietnam, ensuring compliance with laws and safeguarding HDBank's interests. The HDBank ecosystem of subsidiaries currently includes HD SAISON Finance Company (HD SAISON) and VIKKI Bank. On March 24, 2026, HDBank announced increasing its stake in HD SAISON from 50% to 75%, officially gaining control. This is a strategic move to strengthen the consumer finance pillar – a high-margin growth driver within the HD Financial Group (HDFG) ecosystem. Vikki Bank originated from DongA Bank. As part of the financial system restructuring, Vikki Bank was transferred to HDBank by mandatory transfer and has become a wholly owned subsidiary since early 2025. In 2025, HDBank's member units posted strong results, with HD SAISON reporting pretax profit above 1.4 trillion VND, up 14.5%; HD SAISON's ROE reached 22.5% and ROA 5%. VIKKI Bank reported 9 million customers, up 1.7 million in 2025, and its digital banking app recorded 2.1 million downloads in its first year.
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…
