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At the 2026 annual general meeting, Tran Dinh Long said: “Whenever I am in this position, I never advise shareholders to buy Hoa Phat stock.” The remark drew attention from investors, particularly given recent share purchases by members of the Tran Dinh Long family.
Not long before the AGM, Tran Vu Minh—Long’s son—purchased about 33.3 million Hoa Phat shares, estimated at around 800 billion VND. The transaction was carried out via a matching order method from March 12 to April 9, 2026.
After the purchase, the Tran Dinh Long family and related shareholders held more than 2.7 billion shares, equivalent to about 35.45% of Hoa Phat.
Minh had also registered to buy 50 million shares, but could not complete the purchase due to market conditions. Even so, the scale of the executed buy was seen as a sign of confidence in the company.
For 2026, Hoa Phat Group set a revenue target of 210,000 billion VND and after-tax profit of 22,000 billion VND, representing year-on-year growth of 35% and 42%, respectively.
The plan is underpinned by the steel segment, which typically accounts for more than 90% of revenue and over 80% of group profits. Hoa Phat also cited the completion of Dung Quat 2, with production and product output beginning in September 2025.
In the first quarter of 2026, Hoa Phat reported revenue of over 53,500 billion VND, up 40% year over year. Net income reached over 9,056 billion VND, up 170% year over year.
Core operating profit totaled over 5,200 billion VND. In addition, profit from the sale of a residential development in Pho Noi, Hung Yen to another unit contributed 3,800 billion VND.
In 2025, Hoa Phat recorded revenue of 158,332 billion VND and net profit of 15,515 billion VND, up 13% and 29% respectively from 2024. Revenue reached 93% of the company’s plan, while profit reached 103% of the plan.
Based on the results, Hoa Phat proposed an equity issuance to pay the 2025 dividend at a rate of 10%, increasing charter capital to more than 84,430 billion VND. The company also proposed a cash dividend of 5%.
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