•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Vinaconex has appointed Pham Thai Duong, Deputy General Director, as General Director (CEO) and legal representative, replacing Nguyen Xuan Dong. The decision was announced on April 29 by Vinaconex, the Vietnam Construction and Import-Export Corporation. Nguyen Xuan Dong resigned from the post of General Director on April 28, after serving in the role since late 2018. Previously, An Quy Hung—the enterprise controlled by Dong—spent 7,400 billion dong to acquire nearly 58% of Vinaconex from SCIC. The new CEO Pham Thai Duong holds a construction engineering degree and an MBA; he was also appointed as Deputy General Director at the end of February. Recently, Vinaconex has undergone senior leadership changes: in mid-February, the company elected Tran Dinh Tuan as Chairman of the Board replacing Nguyen Huu Toi. In early March, the former chairman Toi and Deputy General Director Duong Van Mau were arrested and remanded on charges related to bid-rigging. At last week's annual shareholder meeting, when asked about legal risks from the case, Nguyen Xuan Dong said that 'it is not possible to fully assess yet' since there is no investigation conclusion; he said Vinaconex would minimize the impact on production and business activities. To replace the two board members who were arrested, Vinaconex appointed Nguyen Hai Dang and Le Phung Hoa; they were proposed by Pacific Holdings, which holds more than 45.1% of Vinaconex's charter capital. In 2026, Vinaconex targets revenue of 15,423 billion dong, down 22% from 2025. Net profit after tax is expected to fall 73% to 1,037 billion dong. Founded in 1988 and under the Ministry of Construction, Vinaconex is one of Vietnam's oldest construction and real estate companies. It has participated in large-scale infrastructure, industrial, and civil projects nationwide before its equitization. The company began restructuring when the state divested six years ago.
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…
