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The Q1 2026 earnings season is gradually unfolding, with profit figures showing strong performance across parts of the banking and securities sectors, alongside unexpected growth in oil and gas-related companies.
Among banks that released Q1 2026 financial statements on April 17, VPBank (VPB) reported pre-tax profit of 7,921 billion VND, up 58% year-on-year. VietABank (VAB) posted profit of 508 billion VND, up 44%.
In the securities sector, results diverged. VPS (VCK) reported profit of 1,547 billion VND, up 68%, while TCBS (TCX) recorded 1,458 billion VND, up 11%. MBS earned 368 billion VND, up 9%.
However, some firms reported weaker outcomes. EVS posted a loss of 197 billion VND, while VIX Securities reported a 66% drop in profit to 156 billion VND.
The biggest surprise came from PV Gas D (PGD), which reported Q1 profit of 87 billion VND. Compared with an extremely low base in the same period last year (about 110 million VND), this implies growth of up to 78,809%.
In the same sector, CNG also posted sharp growth, with profit up 188% to 6 billion VND.
In the minerals sector, Thai Nguyen Non-Ferrous Metal (TMG) recorded profit of 35 billion VND, up 116%.
Transportation and infrastructure companies also showed a rebound. PV Trans Pacific (PVP) posted profit of 94 billion VND, up 81%, while Quy Nhon Port (QNP) reported profit of 53 billion VND, up 63%.
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…
