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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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MB Securities Joint Stock Company (MBS) reported its Q1 2026 financial results, becoming one of the first brokerage firms to reveal the three-month performance. Specifically, MBS recorded operating revenue of VND 1,019 billion, up 52% year over year. In the proprietary trading segment, profit from financial assets measured at fair…
Ho Chi Minh City-based developer Saigon Glory, the investor of the One Central HCM project in the Ben Thanh quadrangle, reported net profit of 1,510 billion VND for last year, reversing a net loss of about 16,000 billion VND in the same period in 2024.
In a filing to the Hanoi Stock Exchange, the company said it earned net profit of 1,510 billion VND last year, turning around from a net loss of 15,930 billion VND in 2024. The improvement also helped reduce undistributed post-tax losses from nearly 19,500 billion VND to about 17,900 billion VND.
Saigon Glory said its financial position strengthened following a change in ownership and an increase in charter capital.
Last year, Saigon Glory increased its charter capital from 7,000 billion VND to 23,000 billion VND. The move helped the company exit negative equity.
Debt pressure also eased. The company reported total debt falling from about 25,300 billion VND to 17,000 billion VND. The debt-to-assets ratio declined from around 2x to 0.77x.
Saigon Glory was established in June 2018 and is wholly owned by Bitexco Group. In October 2024, Bitexco transferred 100% of its stake in Saigon Glory to Phuong Dong Hanoi Real Estate Co., Ltd.
Saigon Glory is the developer of the One Central HCM project (formerly The Spirit of Saigon). The project covers 8,600 square meters, located opposite Ben Thanh Market.
The development sits in one of Ho Chi Minh City’s prime areas, with four street frontages: Pham Ngu Lao - Calmette - Le Thi Hong Gam - Pho Duc Chinh.
The initial disclosed investment was about 500 million USD, originally expected to be completed in 2017. However, after the basement was built in 2012-2013, the project was halted.
By mid-2020, the project was restarted with above-ground floors. During this period, Saigon Glory repeatedly raised capital through bonds.
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…
