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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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The emergence of AI-powered music-creation platforms such as Suno is expanding the possibilities for musical creativity, but it is also introducing significant copyright risks. While Suno says it does not allow the use of copyrighted material, the article describes vulnerabilities that can be used to generate imitations of well-known songs.…
Petrolimex expects retail gasoline and diesel sales to face significant pressure starting this year, with the impact likely to intensify in the coming years as electric vehicles (EVs) become more widespread. In its document for the annual shareholders meeting later this month, the company’s Board of Directors said 2024 would be “more difficult and challenging than favorable.”
Petrolimex set a revenue target of 315 trillion dong, representing an increase of 2%. Net profit after tax is expected to decline 7% to 3.38 trillion dong, which the company described as the lowest level in four years.
For sales volume, Petrolimex expects growth of 8.5% to 10% this year and next, even as demand for traditional fuels comes under increasing pressure from EV adoption.
Petrolimex said EVs are starting to have a clearer impact, but have not yet captured the market. The company pointed to the continued dominance of internal-combustion engine vehicles.
The company also highlighted that plans to curb gasoline-powered vehicles in inner cities from next year are expected to affect output in major cities. Petrolimex said that in the 2028-2030 period, traditional gasoline and diesel sales may peak or plateau.
Petrolimex noted that EV-related factors could evolve in ways that influence demand, including potential EV price reductions, improved charging infrastructure, and more effective incentive policies.
At the same time, the company expects restrictions on gasoline-powered vehicles in major cities to be implemented more fully, which would place pressure on sales in those areas. Petrolimex said projects to expand highway networks, economic growth, and freight transport demand are expected to partly offset any decline in sales.
Petrolimex is Vietnam’s largest gasoline retailer. The company is estimated to account for about 50% of market share by volume and operates a network of about 5,500 stations nationwide.
Last year, Petrolimex reported revenue rising more than 9% to about 310 trillion dong, while pre-tax profit declined about 8% to 3,643 billion dong.
On the stock market, Petrolimex shares were around 39,000 dong, up about 10% from the start of the 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…
