German fitness chain Fit24 has announced a temporary suspension of its operations starting October 5, 2024, due to unforeseen challenges, according to a post on its Facebook page credited to CEO Le Chi Trung. It’s not clear exactly what the problem is or how or when it might be resolved.
Of note, Opening a gym in Vietnam for foreign firms or individuals, however, is not always easy. Not only are there several technical and licensing requirements that need to be met, but Vietnam has also developed its own very distinct gym culture. This can take a little getting used to and may make penetrating Vietnam’s gym-going consumer class challenging.