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Savitech – Saigon Vien Dong Technology Joint Stock Company (Savitech – HOSE: SVT) held its 2026 annual general meeting (AGM) successfully, with management emphasizing education as the core growth direction while optimizing financial investment activities amid volatile global and domestic conditions.
At the AGM, chairwoman Pham Thi Nhu Ngoc said Vietnam’s economy still has optimistic prospects, with a GDP growth target in the double digits and inflation expected to be controlled around 3.5% to 4.5%. She noted that the education segment offers significant opportunities due to strong demand for high-quality human resources.
Management also highlighted risks from the global economy, including inflation pressure and market volatility. Geopolitical conflicts have pushed oil prices higher, which may affect capital reinvestment in facilities and technology.
The AGM approved 2026 revenue and other income of 45 billion VND, nearly 12% higher than 2025. Pretax profit is targeted at about 28 billion VND, up 1.8%.
Savitech plans to continue a comprehensive restructuring, reviewing its investment portfolio to make it leaner and more efficient. Capital will be prioritized for education projects with growth potential. The company said it is building risk-control scenarios, accelerating technology deployment, and improving human-resource quality.
The AGM approved a 2025 cash dividend of 10%, equivalent to more than 17 billion VND, with payment expected within six months after the AGM. For 2026, Savitech increased the cash dividend to 12%.
In Q1-2026, amid volatility, revenue from sales and services reached nearly 7 billion VND, more than 10 times the same period last year, driven by the K-12 education segment launched in August 2025. Net profit after tax exceeded 253 million VND, but fell by more than 95%.
The company attributed the sharp decline to the global energy crisis, which negatively affected the economy and increased input costs, interest rates, and exchange-rate pressures. It also said partner companies paused early-2026 dividend distributions, reducing Savitech’s financial income compared with the year-ago period.
The AGM approved the dismissal of Mr. Bui Quang Khoa as Vice Chairman and Ms. Tran Thi Thanh Thuy as an Independent Director. The meeting elected Mr. Nguyen Binh Quí and Ms. Nguyen Lý Kim Ngân to the Board.
For 2025, Savitech reported long-term assets of 228 billion VND, up 33% from 2024. Investments in associates totaled around 153 billion VND, including a 30% stake in Hoang Viet Education Development Investment JSC and a 35.77% stake in Giay Toan Luc. Other long-term investments were about 27 billion VND, covering stakes in education, printing, and agricultural entities.
Savitech said that for 2025, net revenue and financial revenue exceeded 40 billion VND, up 17% above the plan and 18% year-on-year. Pretax profit was nearly 28 billion VND, reaching 97% of the plan and down slightly from the previous year. Net profit after tax was nearly 27 billion VND.
Caption: Savitech AGM photo with new board members.
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