•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Lộc Phát Crypto Asset Exchange Joint Stock Company (LPEX) in Vietnam has completed procedures to rename to Sacom Crypto Asset Exchange Joint Stock Company. In February 2026, the company also recorded an increase in charter capital from 6.8 billion dong to 360 billion dong.
Sacom (formerly LPEX) was established on September 30, 2025, headquartered in Hanoi. Its core business lines include investment advisory, mortgage brokerage, and fiduciary and contractual supervision services.
At the time of establishment, the founding shareholders were Duong Van Quyet (40%), Nguyen Thi Bich Ngoc (30%), and Vu Phat Dat (30%). After the name change, the management team remained unchanged: Nguyen Duy Phong (born 1988) continues to serve as legal representative and Chief Executive Officer.
Sacom positions itself as a crypto asset trading platform in the process of obtaining a pilot license, aiming to connect traditional financial markets with the digital asset ecosystem in a legal and sustainable manner.
The company lists its core products and services as spot trading, deposit-withdrawal features, a utility card, and digital asset custody. It also states that its ecosystem includes financial institutions such as LPBank, LPBank Securities (LPBS), and Sacombank.
On the legal process, in March 2026 Sacom (formerly LPEX) was among five applications assessed as valid under Resolution 05/2025/NQ-CP for consideration of licensing the provision of crypto asset market operator services.
The other four applications are from VIX Crypto Asset Exchange JSC; Vietnam Prosperity Crypto Asset Exchange JSC; Techcom Crypto Asset Exchange JSC; and Vietnam Digital Assets Company.
The Sacom ecosystem is backed by LPBank, LPBank Securities (LPBS), and Sacombank.
At LPBank, by the end of 2025, VNPost was the sole shareholder holding more than 1% of capital. Previously, Nguyen Duc Thuy owned over 70 million LPB shares (about 2.76% of capital), but divested and resigned as bank chairman in mid-December 2025 for personal reasons.
After leaving LPBank, Nguyen Duc Thuy moved to serve as Standing Vice Chairman at Sacombank, overseeing strategic direction and senior governance. At Sacombank’s 2026 annual general meeting, he was also elected to the bank’s board of directors.
LPBank is pursuing international financial expansion. At its 2026 general meeting, the bank approved a plan to establish a single-member limited liability bank wholly owned by LPBank, expected to operate at the Vietnam International Financial Center (VIFC).
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…
