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Vincom Retail Joint Stock Company (VRE) has updated its proposal on the use of accumulated profits for 2025 ahead of its 2026 annual general meeting of shareholders, scheduled for April 23. The Board of Directors proposes a cash dividend of 10% (1,000 VND per share), totaling nearly 2.3 trillion VND. Payment is expected in the third quarter of 2026.
The Board’s updated proposal would distribute nearly 2.3 trillion VND to shareholders, equivalent to a 10% cash dividend rate (1,000 VND per share). The company expects to make the payment in the third quarter of 2026.
At the AGM, the Board is expected to present the 2026 business plan with a target consolidated net revenue of 10,132 billion VND, up 16% from 2025. Revenue is projected to come primarily from leasing activities and related services, estimated at 9,719 billion VND (up 14%). Revenue from real estate disposals is expected at around 413 billion VND, up 143% from 2025.
The after-tax net profit target for 2026 is 5,375 billion VND, up 15% from 2025.
The growth figures are calculated by removing non-recurring items in 2025, including the 2025 financial results of Vincom Nguyen Chi Thanh Shopping Center, gains from the transfer of contributed capital at Vincom NCT Real Estate Company Limited, and other irregular income.
The revenue plan is based on the expectation that core business activities will continue a positive growth trajectory. Leasing income and related services are expected to remain the main revenue source, supported by improving operating efficiency at operating malls, enhancing product and tenant mix quality, increasing occupancy, and gradually optimizing rent levels by location and asset quality.
The company also expects customer traffic and purchasing power at shopping centers to continue improving, providing a foundation for sustainable growth in leasing activities.
In 2026, VRE plans to bring Vincom Plaza Dan Phuong in Hanoi into operation, with a floor area of 25,000 square meters.
In addition, the Board proposes adding business lines, including leasing of intangible assets; other related supporting services for transportation; warehousing and storage of goods; and packaging services, citing the need to expand the company’s scope of operations.
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