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VinFast recently announced a restructuring plan to enhance operating efficiency. Specifically, on May 12, 2026, on the U.S. Securities and Exchange Commission (SEC), VinFast Auto Ltd officially announced a plan to split off certain assets of VinFast Production and Trading JSC (VFTP) into a new legal entity, and to divest all common shares the company holds in VFTP. The transfer price is 13,309.6 billion VND (530 million USD). However, rumors immediately emerged that this is a ve sầu thoát xác tactic to withdraw from VinFast's automotive sector. On May 13, Ms. Thai Thi Thanh Hai, Deputy CEO of VinFast, officially commented to clarify the topic. According to Ms. Hai, the essence of the restructuring plan is that NC Investment and Future Development JSC together with Mr. Pham Nhat Vuong will buy back part of VinFast Vietnam assets, including two VinFast plants in Hai Phong and Ha Tinh, at a transfer price of 13,309.6 billion VND. Moreover, along with the purchase of the two plants, the buyer will also assume the majority of VinFast's current debt and obligations, totaling about 182,000 billion VND (as of March 31, 2026), and will manufacture cars to VinFast orders. VinFast remains the global manufacturing arm, while in Vietnam production will be contracted to the Future company. The rest of the assets not within the scope of this transaction remains with VinFast and continues normal operations, Hai stressed. VinFast Vietnam will basically be debt-free. Notably, Hai said: 'After restructuring, VinFast Vietnam will basically be debt-free, leaving only a small figure.' Additionally, according to VinFast leadership, after restructuring, VinFast will not only achieve profits sooner than expected but also ensure a more stable, sustainable future. It is expected that VinFast Vietnam will be profitable from 2027. Regarding whether restructuring will affect product quality, warranty and after-sales commitments in the future: 'Absolutely not. The plants will continue producing for VinFast under current standards, and VinFast remains responsible for quality control before selling to consumers. The entire sales, warranty, after-sales, technical standards and customer care system of VinFast remains operating normally and will continue to be upgraded as you have seen.' 'Shareholders have nothing to worry about, even be quite happy.' Before the restructuring news, Hai argued: 'Shareholders have nothing to worry about, even be quite happy. Because the restructuring plan clearly signals VinFast's future development. For Vingroup, shareholders will be much more at ease since Vingroup will no longer bear 50% of VinFast's total debt (by ownership percentage) as before.' Additionally, Hai said VinFast will optimize financing costs and depreciation. This aligns with what Chairman Pham Nhat Vuong said at the AGM: 'In the future, VinFast will not be a place where Vingroup wastes money but will be an asset that brings substantial value to Vingroup.' Read more…
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