•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Vietnam's stock market reversed its trend on April 22, led by a rally in stocks tied to Vingroup. VIC shares hit the ceiling at 207,200 dong per share, up tenfold since early 2025. The rise coincided with Vingroup's 2026 annual general meeting in Hanoi. The rally pushed Vingroup's market capitalization to nearly 1.6 quadrillion dong, a new record for the group and the Vietnamese stock market. Alongside VIC, VHM rose more than 3%, placing it among the three highest-priced VN30 stocks. The two Vingroup shares supported the market and helped steer the rally. Similarly, VRE climbed 2.2%. VNDirect estimated that Vingroup shares contributed more than 26 points to the VN-Index. Billionaire Pham Nhat Vuong added about 2.7 billion dollars to his wealth, bringing his net worth to around 34 billion dollars as of tonight (Forbes). He is the richest person in Vietnam, ranking 67th in the world, surpassing notable figures including MacKenzie Scott, Huang Shilin, and Melinda French Gates. The stock gains were attributed to positive signals from the AGM, including Vuong's comments on Vingroup's enterprise-creating strategy and plans to develop new models, including longer-range electric cars, and his assertion that the group will not manufacture gasoline-powered vehicles again. For 2026, Vingroup set revenue at 485,000 billion dong (about 485 trillion dong) and after-tax profit of 35,000 billion dong (about 35 trillion dong). At the AGM, Vuong outlined the group's direction to create an enterprise, to be implemented flexibly based on core strengths and focusing on areas where the firm can differentiate.
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…
