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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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Japan is considering a proposal to tighten income requirements for long-term residence applications as part of broader measures Prime Minister Sanae Takaichi is weighing to manage the rapidly rising number of foreigners in the country. Current long-term residence framework Japan currently has about 940,000 people with long-term residence status, representing…
APT Joint Stock Company for Saigon Seafood Trading (APT) has released its 2025 audited financial statements, showing a record loss of 1,153 billion VND, extending decades of losses to a cumulative loss of 2,700 billion VND. The scale of the loss is particularly large relative to the company’s charter capital of 88 billion VND.
As of December 31, 2025, APT reported total assets of 195 billion VND and negative equity of more than 2,600 billion VND. Liabilities were recorded at 2,800 billion VND, mainly related to principal and interest on loans at Sacombank.
The company’s financial difficulties have been reflected in legal actions. In May 2022, Sacombank filed a lawsuit against APT to demand repayment. In 2025, another major shareholder, Satra, also filed a lawsuit seeking approximately 25 billion VND.
The problems began in early 2009, when APT borrowed 103 billion VND from Nam Phuong Bank (later merged into Sacombank) and 5,833 taels of SJC gold, valued at 103 billion VND (equivalent to 17.66 million VND per tael).
As of December 31, 2025, the gold loan was revalued using the lending bank’s quoted price. The outstanding principal of the gold loan was 891 billion VND, up 500 billion VND from the previous year, corresponding to a revalued gold price of 152.8 million VND per tael.
Based on the revaluation, the gold loan leaves APT owing Sacombank more than 2.4 trillion VND in principal and interest, in addition to nearly 300 billion VND in VND-denominated debt.
APT is controlled by two main shareholders: Saigon Trading Corporation (Satra) with 30%, and Somo Vietnam Group Co., Ltd. with 41.1%. Somo’s chairman, Nguyen Lâm Vinh Huy, also serves as APT’s chairman.
Huy previously worked as Deputy General Director of Nam Bank and later became chairman of Sacombank-SBJ. At the time the gold loan was taken from Nam Bank, the largest shareholder was Tran Phat Minh, holding over 36% and serving as Deputy General Director of the bank. In November 2009, Minh was elected chairman of APT’s board. He later chaired Kiên Long Bank (2012–2013) and was at times the largest individual shareholder of Sacombank.
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…
