•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
ROX Group Joint Stock Company has announced changes in its top leadership, with Mr. Tran Xuan Quang elected Chairman of the Board of Directors and Mr. Nguyen Phi Hung appointed General Director.
On May 7, ROX Group said its Board of Directors unanimously approved Mr. Tran Xuan Quang to serve as Chairman of the Board. Mr. Tran Xuan Quang has spent nearly 10 years at ROX in the role of Chief Executive Officer.
At the same time, Mr. Nguyen Phi Hung was appointed General Director, succeeding Mr. Tran Xuan Quang after he was elected Chairman of the Board. Under Decision No. 88/2026/QD-HDQT signed by the Chairman of the ROX Group Board, Mr. Nguyen Phi Hung officially assumes the General Director position from May 4, 2026.
Mr. Nguyen Phi Hung holds a Master of Business Administration from the Asian Institute of Technology (AIT – Thailand). He has held senior management positions in finance and banking, including at Citibank, GPBank, PG Bank, and most recently MSB.
Ms. Nguyen Thi Nguyet Huong, the former Chairwoman, will continue to accompany ROX Group in the Founding Council role.
ROX Group is described as a multi-sector investment group with an ecosystem spanning urban and industrial park development, services, finance and energy.
The company’s predecessor, TNG Holdings Vietnam, entered the market in 1996 as a shoe manufacturer. It later shifted toward industrial parks through ROX iPark. With urbanization, ROX Group expanded urban areas via ROX Living and ROX Signature, while completing its ecosystem with services under ROX Key.
Renewable energy is positioned as a strategic pillar. The group also continues to expand into hotels and lodging.
Ms. Nguyen Thi Nguyet Huong is noted as having led ROX Group for two decades. She is also the wife of Tran Anh Tuan, Chairman of the Board of Directors of Maritime Bank (MSB).
According to MSB’s 2025 governance report, Tran Anh Tuan no longer holds 5% of ROX Group’s charter capital as of December 31, 2025.
Earlier, in October 2018 business registration changes, ROX Group (then TNG Holding) increased charter capital from 1,000 billion VND to 1,600 billion VND. During that period, the ownership stakes of Tran Anh Tuan and Nguyen Thi Nguyet Huong decreased from 15% and 12% to 9.4% and 7.5%.
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…
