•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Mr. Nguyen Thanh Tien is no longer Chairman of the Board of Van Lang Technology Investment and Development Joint Stock Company as of April 23. He is succeeded by Tran Quang Thinh, a board member, who has assumed the role of Chairman. Nguyen Thanh Tien remains a member of the board.
Nguyen Thanh Tien had previously submitted his resignation as chairman for personal reasons. He has served as chairman since 2020.
The resignation came shortly after the company held its 2026 annual general meeting on April 16. It also coincided with Van Lang Technology reporting solid 2025 results, including profit growth of more than 69% year over year and the resumption of a 5% dividend after a three-year hiatus.
According to company leadership, in recent years Van Lang Technology partnered with Nik to pursue business in education and training. However, since 2022, due to economic conditions, the training market has contracted, the number of students has declined significantly, and training revenue has not met expectations. Management also cited intense competition in the training market.
As a result, in 2026 the company decided to halt activities in the education and training area to focus on its core businesses.
In its Q1 2026 financial report, Van Lang Technology reported net revenue of 535 million dong, down sharply from nearly 5.6 billion dong in the same period last year. Despite the revenue decline, after-tax profit increased 18% year over year to 210 million dong, helped by cost reductions.
Management also said that during the quarter the company generated revenue from providing corporate governance consulting to partner companies, describing this as a new revenue diversification path.
On the stock market, VLA shares were trading in the 10,000–12,000 dong per share range.
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…
