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VLA has announced the dismissal of its Chairman of the Board, Nguyen Thanh Tien, effective by resignation for personal reasons. The company said the role will be filled by Tran Quang Thinh, a member of VLA’s Board of Directors.
Following the change, Nguyen Thanh Tien will continue to serve as a board member alongside Tran Quang Thinh and other members including Nguyen Huu Thuan, Nguyen Van Duc, and Duong The Quang.
Nguyen Thanh Tien has served as Chairman since 2020. The company also noted that he stepped down after VLA successfully held its 2026 annual general meeting.
In 2025, VLA reported profit growth of more than 69% year over year and resumed paying a 5% dividend after a three-year pause.
Management said that in recent years, VLA cooperated with Nik Company to operate in the education and training sector. However, from 2022 to present, due to continued economic difficulties, the training market contracted and enrollment declined significantly, leading to training activities and revenue falling short of expectations.
Management added that it has continuously adjusted marketing activities, promoted and advertised, and delivered high-quality lectures through both in-person and online classes to attract students. It said the training market remains highly competitive.
For these reasons, the board and management decided to cease operations in the education and training area in 2026 in order to focus on core business lines.
The company identified areas it plans to strengthen, including investment, corporate financial advisory, and software business.
For 2026, VLA set targets of total revenue at 5 billion dong, down 67% from 2025. Net profit after tax is expected to reach 500 million dong, down about 43%.
In its Q1 2026 financial report, VLA reported net revenue of 535 million dong, down sharply from nearly 6 billion dong in the same period last year.
Operating profit was 258 million dong, up from 227 million dong in the same period last year, attributed to cost reductions. After-tax profit was 210 million dong, up 18% year on year.
VLA said it generated revenue from providing management consulting services to partner firms, describing this as a new direction to diversify its revenue mix.
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