•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
MWG (The Gioi Di Dong) maintained its 2026 targets despite tensions in the Middle East. At the annual general meeting on April 18, MWG's management faced questions about how the Middle East conflict might affect the business and whether targets should be lowered. Chairman Nguyen Duc Tai said the world is entering a period of uncertainty, and old assumptions can be broken. He noted that the Middle East conflict would pressure costs and the supply chain but would not alter the fundamentals of the global economy; therefore, tensions are more likely to ease as parties rebalance rather than escalate under extreme scenarios. Although acknowledging this is a negative factor not factored into the plan, MWG kept the 2026 targets: revenue of 185,000 billion VND and net profit of 9,200 billion VND, with a 30% profit growth, nearly double the 18% revenue growth, signaling a shift to efficiency gains and margin improvements during the restructuring. If it is difficult, we must find ways to adapt and not ask to lower targets. If the plan is not achieved due to lack of effort, the entire system will not receive bonuses. This year, the company will continue to focus on retail the core business and optimize cash flow when conditions permit. The technology and home electronics segment remains a growth pillar, with Apple products contributing more than 40% of ICT revenue. After surpassing USD 800 million in revenue in 2025, the company targets USD 1 billion by 2027, supported by retaining a large market share and strengthening partnerships with Apple. Bách Hóa Xanh is expected to be the next growth driver with revenue growth of 20%. Management notes the chain has moved into profitability, with existing store revenue expected to rise 10% to underpin expansion. According to Tai, next year's market pressure will not come from supply; for electronics manufacturing, plans have been prepared early to avoid stockouts. The bigger issue is consumer purchasing power, as demand has not yet recovered clearly. In the long term, MWG aims to reach USD 10 billion in revenue by 2030, indicating that the growth strategy goes beyond recovery and aims at robust expansion. Alongside the business plan, the company plans to pay a stock dividend of 20% in two installments later this year. MWG will also continue leadership succession and implement an ESOP up to 3 million shares for management, with issuances tied to performance and increased if targets are exceeded.
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…
