•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
TDH shares of Thuduc House Development Joint Stock Company surged in the morning session on April 22, 2026, as buying demand pushed the price to the daily ceiling and created a sell-side empty condition. At the close of the morning trading, TDH was 3,990 dong per share, up 6.97% from the reference price. Liquidity exceeded 241,000 shares, while buy orders at the ceiling approached about 1.7 million shares, signaling strong investor enthusiasm.
The move was driven by official news that the company’s tax-enforcement measures had been fully withdrawn after five years. TDH received a letter from the Ho Chi Minh City Tax Department cancelling three decisions applying remedial measures issued in late 2020 and early 2021.
In addition, the tax authority ended all administrative enforcement actions that had disrupted operations, including halting customs procedures, stopping invoicing, and freezing bank accounts. Tax debt notices related to late payments totaling more than 365.5 billion dong accumulated during 12/2020–4/2025 were erased.
The enforcement of the court ruling and lifting of restrictions on asset transfers and mortgages are expected to allow TDH to resume normal operations.
Previously, in 2020–2021, the company faced a major setback related to alleged violations in exporting electronic components. In March 2021, the seizure of more than 16,500 invoices nearly froze operations, contributing to a 2021 net loss of 942 billion dong, with equity eroded and the stock placed under supervision.
A turning point occurred when TDH won its case at the Ho Chi Minh City High Court in September 2025. Since then, the company’s financial position has improved notably.
In 2025, TDH posted revenue of 253 billion dong and net profit after tax of more than 108 billion dong—figures described as the highest since 2020 and nearly double the planned target.
For 2026, TDH’s plan is more cautious, targeting revenue of 249.7 billion dong and net profit after tax of 38.5 billion dong, representing declines of 1% and 64%, respectively, compared with the previous year.
Separately, TDH set March 20, 2026 as the record date for its 2026 annual general meeting, expected to be held in April. Further details will be announced to shareholders in due course.
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…
