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Q1 2026 financial results update as of April 28 shows 16 companies reporting profits in the trillion-dong range, with the banking sector leading and retail posting robust growth. The quarter also highlighted a split across sectors: energy and consumer-related businesses recorded strong gains, while real estate and securities lagged behind the broader market.
Sixteen firms reported trillion-dong profits, including seven banks among the leaders. Techcombank (TCB) and BIDV (BID) posted the top profits at 8,870 billion dong and 8,572 billion dong, respectively.
Outside banking, the strongest standout came from the Retail & F&B segment. Masan Group (MSN) rose 90%, while MWG increased 72%.
The profit landscape varied significantly. Vincom Retail (VRE) and SJ Group (SJS) delivered solid growth, while some companies saw sharp declines. VEFAC (VEF) and Da Nang (NDN) recorded profit drops of as much as 98%.
Banking continued to expand steadily, with year-on-year profit growth typically ranging from 16% to 58%. VPBank and Techcombank posted strong gains, while LPBank and Saigonbank were among the few firms reporting negative growth.
The market differentiated between larger and smaller players. Large firms such as SSI, VPS, and TCBS reported trillion-dong profits with double-digit growth. By contrast, smaller entities faced greater challenges, with some reporting large losses, including EVS (-197 billion) and VDS.
Oil and gas delivered explosive nominal figures, with PV Gas D registering a sharp jump. PV GAS maintained leadership with pre-tax profit of 3,755 billion dong, up 10% year-on-year.
Most power generation companies, including thermal and hydro, showed positive growth. However, a few smaller hydro firms remained loss-making or posted negative growth.
F&B recovered strongly, led by Masan Group (MSN) up 90% and Sabeco (SAB) up 51%. Masan Consumer (MCH) continued to be a major earnings contributor, with profits above 2,000 billion dong.
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…
