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On the afternoon of April 18, MWG Joint Stock Company (MWG) held its 2026 Annual General Meeting of shareholders to discuss several important topics. The MWG Board proposed a business plan with net revenue of 185,000 billion VND and consolidated after-tax profit of 9,200 billion VND, up 18% and 30% respectively from last year. If achieved, MWG would set a new record for business results. Facing a world of geopolitical instability, several shareholders expressed concerns about the feasibility of this ambitious plan. In response, MWG Chief Executive Officer Vũ Đăng Linh said that in formulating the 2026 plan they assumed GDP growth of 7.5%. They would continue to monitor the situation but would not change the plan. Additionally, Chairman Nguyễn Đức Tài noted that the plan was set before the war; the economy does not stand still and always changes. “MWG’s general spirit is that if there are difficulties, we find ways to work harder and compensate. It is not about asking for money from parents. We do not have a culture of begging. If we cannot perform, there will be no bonuses,” he stated. Regarding macroeconomics, the MWG chairman said we are living in a highly unpredictable period. With events from the Russia-Ukraine conflict to tariffs and now the Middle East conflict, “I am not overly pessimistic. I believe the Middle East conflict will be intense but will not last long because it affects the whole world. We may have to accept a pause in conflicts that not everyone is happy with. Conflicts may not be resolved decisively.” On Vietnam’s economy, he expressed optimism due to the government’s strong determination. The private sector must recalibrate; it is not a case of always growing faster than the state sector. “We must accelerate and synchronize efforts to drive the economy forward. Growth is being pursued, and I am optimistic. Vietnam’s GDP could grow very strongly; 10% could be within reach if we are determined,” he emphasized.
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…
