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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Vincom Retail - the owner of the Vincom shopping mall chain operating 90 centers nationwide - aims to raise the number to 110 locations with about 3.5 million square meters of gross floor area. This target was outlined in a shareholder letter from Vincom Retail's Chairman of the Board, Tran Mai Hoa, in the 2025 annual report published. According to Ms. Mai Hoa, Vincom Retail aims to become the leading developer and manager of retail real estate in Asia. Currently, VRE owns, manages and operates 90 shopping centers with a total retail floor area of 1.91 million square meters. The VinGroup conglomerate aims to continue expanding to 110 shopping centers with about 3.5 million square meters of floor space. Additionally, Vincom Retail plans to develop 75 new shopping districts with total land area of up to 3.5 million square meters nationwide. Vincom Retail also plans to gradually expand into international markets, through developing with the Vingroup ecosystem or proactively seeking investment opportunities in potential markets. By the end of last year, the Vincom system had nearly 1,000 brands, with 269 new brands joining in 2025. This year, the company aims to onboard an additional 30% of new brands. In the short term, Vincom Retail plans to inaugurate another shopping center in Dan Phuong, Hanoi, from now until year-end, with a total floor area of about 25,000 square meters. With its current network of 90 shopping centers, the company says it will study options to optimize asset value such as repositioning, restructuring, M&A, or placing stable-operating facilities into a real estate investment fund. On business results, VRE plans revenue of VND 10,132 billion, up 16% from 2025. Net profit target is VND 5,375 billion, up 15%. As of 31/12/2025, according to the audited financial statements, Vincom Retail recorded cumulative profit of VND 27,040 billion, equivalent to over USD 1 billion. However, the company continues to propose not paying dividends, retaining all profits to support business activities. The last time the company paid a dividend was 2019 with a cash payout ratio of 10.5%.
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…