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PV OIL has been issued an administrative penalty of nearly VND 1.6 billion for misreporting the tax rate, resulting in tax underpayment. The Customs at Vung Tau Port Border Gate issued Administrative Violation Decision No. 66/QĐ-XPHC against PV OIL (Vietnam Oil Joint Stock Company) for the cited violation. As a result, PV OIL was fined an administrative penalty equal to 10% of the underpaid tax, specifically nearly VND 1.6 billion. However, the company is not required to take remedial measures as it has already paid the additional tax amount per Tax Payment Voucher No. 000865 dated March 26, 2026. In another development, PV OIL recently approved the dissolution of Long Thanh Petroleum Storage Co., Ltd. per the CEO’s Proposal No. 04/TTr-TGĐ dated January 13, 2026. PV OIL also held its annual general meeting for 2026 on April 24, 2026, approving several important items. Shareholders approved the 2026 business plan with projected consolidated revenue of VND 150.7 trillion and after-tax profit of VND 656 billion, up 30.4% from the previous year. In 2025, PV OIL recorded revenue of VND 151.64 trillion and net profit after tax of VND 503 billion, achieving 156% and 81% of the planned targets, respectively.
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…
