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Vinaconex reported its first-quarter 2026 results with net revenue of about 3,424 billion VND, up 32% year-on-year; construction revenue rose 18% to nearly 2,345 billion VND and the real estate segment contributed about 437 billion VND, up 5.6 times from a year earlier. Financial income surged 400% to over 234 billion VND, mainly from interest income on deposits, lending, and late payment interest. Total financial, selling, and administrative expenses rose 49% to over 246 billion VND. Net profit reached over 353 billion VND, up 176% YoY. This year Vinaconex set a cautious 2026 business plan with total revenue target of 15.4 trillion VND, down 22% from the previous year. After-tax profit is expected at 1,037 billion VND, down 73%. The company cited higher construction costs, raw material prices, and labor costs, with intensified price competition narrowing margins."
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…
