Drawing on Danang's experience, the two sides discussed avenues for cooperation in technology development, human resources and business connectivity.

As part of the programme, the Vietnam-Laos Cooperation Committee delegation visited Software Park No. 2 in Danang to learn about the city's digital transformation and digital government development, as well as its development plans for semiconductors and AI.

Lao DPM and Minister of Finance and Chairman of the Laos-Vietnam Cooperation Committee Santiphat Phomviharn. Photo: Chau An (MoF)

Speaking at the meeting, Lao DPM and Minister of Finance and Chairman of the Laos-Vietnam Cooperation Committee Santiphat Phomviharn thanked the Vietnamese Ministry of Finance (MoF) and Danang authorities for facilitating the delegation's discussions, visit and exchange of experience on the city's digital transformation.

He described Danang as a developed city with strengths extending beyond technology into a range of other areas. "Danang is not unfamiliar to me, but over the years I have witnessed the city's remarkable development," Phomviharn said.

The Lao DPM showed particular interest in the practical steps involved in building Danang's technology ecosystem. He asked about the development of the city's semiconductor and AI centre, from the initial conceptual stage to its current form.

He also sought information on how research outcomes and technology products developed by the centre are put into practical use and whether they meet market demand.

These questions reflected an interest in the way the technology ecosystem is organised and operated and how it creates practical value, alongside an understanding of its infrastructure and development model.

Responding to the Lao DPM's questions, Truong Thanh Binh, director of the Danang Centre for Digital Transformation and Strategic Technology, said the city began developing its digital government in 2006, with the centre established in 2008.

The journey from the initial concept to the centre's current model has therefore been a long-term process, with successive stages building on the foundations established earlier, rather than an initiative developed within a short period.

Danang also benefited from starting its digital transformation relatively early, allowing the city to build on capabilities accumulated over many years. Responsibilities among municipal agencies have been clearly defined, while the centre has shared its experience with other localities.

One of the key principles underpinning Danang's digital transformation is "one platform, multiple partners." Partners involved in implementation can build on the platform across different generations, based on an architectural framework established at an early stage.

He said that this approach helps minimise duplication, ensure continuity across the system and enable multiple partners to contribute to its development. In terms of infrastructure, units operating under the centre manage the infrastructure and assets supporting the city's public administration. They also serve as a focal point for coordination and workforce training to support system operations.

MoF Deputy Minister Tran Quoc Phuong (middle) and Vice Chairman of Danang People's Committee Tran Nam Hung (left). Photo: Chau An (MoF)

Speaking at the meeting, Vice Chairman of Danang People's Committee Tran Nam Hung highlighted the close cooperation between Danang and Lao localities. Every year, the city organises a range of cooperation and exchange programmes with Lao localities, alongside specific initiatives to support each other's socioeconomic development.

Danang places particular importance on and is encouraging cooperation with Lao localities in areas of mutual interest. Digital transformation, the semiconductor industry and AI are among the sectors receiving particular attention.

He expressed confidence that the visit would open up new opportunities for cooperation between Danang and Laos, contributing to strengthening the friendship, special solidarity and comprehensive cooperation between the two countries.

The city's cooperation agenda extends beyond the exchange of experience to include workforce training, business connectivity, investment, technology transfer and the commercialisation of research products.

Danang aims to boost training programmes for semiconductor and AI engineers based on international standards, while strengthening exchanges among lecturers, experts and students from universities, research institutes and businesses on both sides.

The city also plans to encourage Lao businesses to invest in semiconductors and AI, develop deep-tech incubation programmes, connect investment funds, support technology transfer and facilitate the commercialisation of research outcomes.

Under its targets, Danang aims to attract 10-15 Lao businesses with total investment capital of approximately $300-500 million by 2030. The city also plans to organise business-matching programmes, thematic seminars and investment promotion activities involving businesses, research institutes and universities from both countries.

The delegation visiting FPT R&D Centre on high technologies and semiconductor. Photo: Chau An (MoF)

The Danang meeting took place as part of the Mid-term Conference of the Vietnam-Laos Cooperation Committee for 2026 and the 19^th meeting of the Steering Committee for the Cooperation Programme between the Vietnamese and Lao MoFs, hosted by Vietnam.

As Vietnam's focal agency for the cooperation programme and a bridge connecting central and local authorities with Lao partners, the MoF is well positioned to link government-level cooperation priorities with practical models, initiatives and needs at the local level.

The participation of Vice Chairman of the Vietnam-Laos Cooperation Committee and Deputy Minister Phuong, together with the delegation, helped bring bilateral cooperation closer to emerging areas of development, including digital technology, semiconductors, AI and high-quality human resources.

It also broadens the scope of cooperation from traditional sectors towards high-value-added technology industries, while creating additional channels for businesses from the two countries to identify specific cooperation opportunities.

For Laos, Danang's experience offers lessons extending beyond a digital transformation model to include a long-term approach to building a technology ecosystem, organising resources, connecting multiple partners and directing research outputs towards the market.

For Danang, the Lao delegation's direct interest in these areas creates opportunities to incorporate the city's strengths in digital transformation, semiconductors, AI and workforce training into concrete international cooperation programmes.

Vietnam, Laos increase key transport infrastructure connectivity Vietnam and Laos are working to boost key strategic infrastructure projects to increase connectivity between the two countries.

Vietnam channels $714 million into overseas projects Vietnam’s outward investment capital reached nearly $714 million in the first four months of 2026, double the same period last year.

Vietnam and Laos step up cooperation in finance, infrastructure and energy The mid-term conference of the Vietnam-Laos Cooperation Committee for 2026 and the 19th meeting of the Steering Committee for the Cooperation Programme between the Vietnamese and Lao Ministries of Finance were held in Danang on August 27.

Part of Vung Ang EZ. Photo: baodautu.vn

The venture has a total investment capital of over $282 million, of which the investor's contribution is over $84.4 million, and the remainder is mobilised capital.

According to the registration schedule, before the end of September, the investor will begin construction of the component warehouse for production and export, and auxiliary facilities. These items are expected to be completed in the second quarter of 2027. Subsequently, from then to the second quarter of 2029, the project will proceed with the construction of the factory and other auxiliary facilities.

The investor is legally responsible for the legality, accuracy, and truthfulness of the dossier which are used for applying for the investment registration certificate; implementing the scheme according to the investment objectives, scale, and schedule.

At the same time, the investor must choose to lease projects with new, advanced, modern, and environmentally friendly technologies, and apply automation in production processes to improve efficiency, ensure labour safety, and save resources and energy.

The undertaking features a closed-loop production system, synchronised with a system for collecting and treating exhaust gases, wastewater, solid waste, and hazardous waste, meeting the regulations and standards of Vinhomes Vung Ang Industrial Park.

The project is expected to supplement the system of workshops, warehouses, and auxiliary facilities at the industrial park, creating more production and business space, thereby contributing to attracting businesses and industrial ventures to the area.

Amata City Ha Long lands $8 million investment from TianJian Vietnam Amata City Halong, also known as Song Khoai Industrial Park, has signed a land lease agreement with TianJian Vietnam for a new factory manufacturing speaker enclosures, plastic components, and moulds.

Continuous supply chain expansion at Amata City Halong: Topping Industrial On August 18, Amata City Halong JSC signed a Land Use Right Sublease Agreement with Topping (Quang Ninh) Industrial Co., Ltd., marking the arrival of a new Chinese supporting manufacturing project in Amata City Halong Industrial Park (also referred to as Song Khoai Industrial Park).

Industrial parks designed as engines of transformation Vietnam's Industrial Park 1.0 model has been designed to attract foreign direct investment and drive export led industrialisation, but it is approaching its structural limits, according to Truong Bui, partner at Roland Berger.

BTC Digital inks data MoU with NTC and SGP BTC Digital Ltd., a Nasdaq-listed digital computing infrastructure company, on August 25 announced that it signed an MoU)with Nam Trang Cat Investment and Development (NTC) and SG Partners (SGP).

Nam Dinh Vu Industrial Park: A strategic growth pole in Haiphong’s FTZ ecosystem With its prime location in the core zone of Haiphong Free Trade Zone, synchronised infrastructure, and strong commitment to environmental, social, and governance standards, Nam Dinh Vu Industrial Park is emerging as a critical growth engine in northern Vietnam.

C.P. Vietnam’s executives, representatives from the Ministry of Agriculture and Environment, the Embassy of the Republic of Korea in Vietnam, and the Vietnam Animal Husbandry Association take part in the announcement ceremony. Photo: C.P. Vietnam

Major milestone

According to Duong Tat Thang, director of the Department of Livestock Production and Animal Health under the Ministry of Agriculture and Environment, the opening of the two markets to processed chicken products marks an important milestone in bilateral agricultural cooperation.

“With C.P. Vietnam becoming the first company to export processed chicken to South Korea, we hope more eligible businesses will be able to enter the market, helping increase the export value of Vietnam’s livestock and food processing sectors,” Thang said.

The ceremony was held at the CPV Food Binh Phuoc integrated chicken processing complex for export. C.P. Vietnam received guidance and support from the Ministry of Agriculture and Environment, particularly the Department of Livestock Production and Animal Health, throughout the process of meeting technical standards, quarantine requirements and export procedures. South Korean authorities also coordinated in the assessment, inspection and evaluation process in Vietnam.

“C.P. Vietnam would like to express our sincere appreciation for the support and partnership of the relevant authorities and technical agencies of Vietnam and South Korea, local authorities, as well as our customers and partners,” said Pawalit Ua-amornwanit, CEO of C.P. Vietnam.

Pawalit Ua-amornwanit, CEO of C.P. Vietnam. Photo: C.P. Vietnam

Meeting stringent requirements

On April 22, Vietnam and South Korea announced the opening of their markets to processed chicken products. During the initial phase, two companies from each country were authorised to export these products to the other’s market. C.P. Vietnam was the first Vietnamese company to meet the requirements for exports to South Korea.

The market-opening milestone followed more than five years of preparation by C.P. Vietnam, dating back to the launch of the CPV Food Binh Phuoc complex.

With total investment of approximately $250 million, the complex operates under an integrated Feed-Farm-Food system, implementing the “From Farm to Family” approach through an animal feed mill, hatchery, farming system, slaughtering facility and processing plant. End-to-end control across the value chain enables the company to ensure quality and food safety, trace product origins and meet the technical requirements of different international markets.

To gain approval for exports to South Korea, C.P. Vietnam underwent a rigorous eight-step assessment by two South Korean authorities: the Animal and Plant Quarantine Agency and the Ministry of Food and Drug Safety.

The company completed two sets of detailed questionnaires, each approximately 1,000 pages long, covering the entire production chain, from farming areas and disease status to pre- and post-slaughter inspections, processing, heat treatment, packaging and transportation.

A major challenge was the comprehensive on-site assessment. From July to December 2025, South Korean inter-agency inspection teams assessed the integrated Feed-Farm-Food system, from the animal feed mill and farms to the processing plant. C.P. Vietnam had to demonstrate consistent compliance across the entire operation and meet all of South Korea’s stringent criteria at every stage of production.

For example, poultry must be healthy and pass pre- and post-slaughter inspections conducted by competent veterinary authorities. The processing procedure must meet heat-treatment requirements, with the core temperature of the product exceeding 80°C for at least one minute.

Areas before and after heat treatment must also be physically separated, with separate personnel, entrances, changing rooms and auxiliary areas to minimise the risk of cross-contamination.

“Today’s event marks the first export of processed chicken from Vietnam to South Korea and can be seen as a symbol of the friendship between the two countries. I believe that, with the quality of its products recognised and C.P. Vietnam’s products gaining popularity among consumers around the world, the company will be able to reach more markets and export more products to South Korea, contributing to increasing the export value of both countries,” said Kim Hyun Woo, agricultural attaché at the Embassy of the Republic of Korea in Vietnam.

Production lines in CPV Food Binh Phuoc complex. Photo: C.P. Vietnam

Expanding exports

With this shipment, C.P. Vietnam’s processed chicken products are now available in eight international markets, including markets with stringent standards such as Japan, Singapore, Hong Kong and Russia.

“The export of Vietnam’s first shipment of processed chicken to South Korea is a driving force for C.P. Vietnam to continue investing in technology, strengthening deep-processing capabilities, increasing product value and participating more deeply in the global food supply chain.

This is more than a commercial shipment. It reflects C.P. Vietnam’s commitment to providing high-quality products that meet the increasingly demanding expectations of consumers in Vietnam and around the world,” Pawalit Ua-amornwanit said.

The shipment demonstrates the growing production and processing capabilities of Vietnamese companies, including C.P. Vietnam, and their ability to meet the stringent standards of demanding international markets. It also reflects the growing international integration of Vietnam’s agriculture and food processing industry.

C.P. Vietnam currently operates 12 animal feed mills, including four aquaculture feed mills, two pork slaughterhouses and six food processing plants, including one of Southeast Asia’s leading modern integrated chicken processing complexes for export. The company also operates a modern network of farms across provinces and cities throughout Vietnam.

For more than three decades in Vietnam, C.P. Vietnam has remained committed to the philosophy of “Three Benefits towards Sustainability,” placing the interests of the country and its people at the heart of its operations. The company continues to work towards being a trusted partner and contributing to the sustainable development of Vietnam’s agri-food sector.

C.P launches AI initiatives to accelerate smart and sustainable agri-food transformation in Vietnam Charoen Pokphand Foods Public Co., Ltd. (CPF) has launched six AI transformation initiatives across C.P. Vietnam's integrated Feed-Farm-Food value chain, building on a strategic cooperation agreement with FPT Corporation.

C.P. Vietnam named in Top 5 most innovative enterprises in high-tech agriculture C.P. Vietnam was recognised among the Top 5 most innovative enterprises in Vietnam's high-tech agriculture, in recognition of its continued efforts to leverage innovation to enhance operational efficiency, quality control, and deliver safe, sustainable food.

C.P. Group to expand investments in high-tech agriculture in Vietnam Thailand's Charoen Pokphand Group plans to expand its investments in high-tech agriculture, digital transformation and AI-powered production in Vietnam, as the government encourages the agribusiness giant to deepen its long-term commitment to the country's sustainable agricultural development.

Among securities firms, Capital Securities has announced a plan to offer up to 12 million shares, equivalent to 40 per cent of its total outstanding shares. If the offering is completed, the company’s charter capital will increase from $12 million to $16.8 million.

Of the proceeds raised, the company will allocate 50 per cent to proprietary securities trading, while the remaining 50 per cent will be used to supplement capital for margin lending and advances against securities sales proceeds.

Raising capital through the stock market enables firms to draw in long-term funding. Photo: baodautu.vn

Last week, LPBank Securities Corporation made its debut on the Ho Chi Minh Stock Exchange (HSX), with a reference price of $1.2 per share in the first trading session.

Its market capitalisation reached more than $1.69 billion, placing it among the securities firms with the largest market capitalisations in the market.

Other deals have also secured attention. Kafi Securities is expected to offer 125 million shares to the public at a minimum price of $0.60 per share, while simultaneously issuing 3.75 million shares under its employee stock ownership plan.

Of the minimum $75 million expected to be raised from the offering, the company plans to use more than $52.5 million to supplement capital for margin lending and $22.5 million to supplement capital for proprietary trading.

After raising its charter capital to nearly $440 million, HD Securities Corporation (HDS) is expected to proceed with an IPO of 164 million shares, as disclosed at the company’s 2026 AGM in April.

According to Vu Huu Dien, chairman of the Board of Directors at HDS, HDS’s parent group is working to strengthen the financial capacity of companies within its ecosystem.

“Specifically, both HD Saison and HD Securities (HDS) have IPO plans in the coming period. Alongside capital raising, the group is also working to improve corporate governance and proactively engage with reputable international credit-rating agencies,” he said.

Recently, Fitch Ratings assigned HDBank an international credit rating of BB- with a Stable Outlook. This is among the highest ratings awarded to private joint stock commercial banks in Vietnam.

A series of other notable IPO deals are also underway, including the IPO of DatVietVAC and that of Asia-USA Industrial JSC, among others.

In addition, many businesses are pursuing capital hike plans.

On August 21, the extraordinary AGM of Electric Power Finance JSC approved a plan to privately place up to 85 million ordinary shares with professional securities investors, both domestic and foreign.

If successfully completed, the company’s charter capital will increase from approximately $304.2 million to a maximum of $338.2 million, equivalent to an increase of 11.2 per cent.

The capital will help the company meet capital adequacy requirements and prepare resources for its business plan for 2027-2028 period.

After transferring its listing in July, Miza JSC is continuing to implement a plan to offer 30 million shares to existing shareholders at $0.40 per share.

The proceeds will be contributed to its subsidiary, Miza Nghi Son Co., Ltd., to invest in expanding production and business operations.

The flurry of capital-increase deals and IPOs to some extent shows that businesses are increasingly turning to the stock market as a capital-raising channel, placing greater expectations on a recovery in market conditions.

From a broader perspective, serving the double-digit economic growth target in 2026 as well as the average growth rate for 2026-2030 will require enormous investment resources.

Accordingly, other capital channels need to be developed, including the corporate bond and equity markets, rather than relying entirely on a single channel as bank credit.

According to Dien of HDS, fortunately, both pillars of the financial market – the bond market and the equity market – have recently been showing very positive signals.

“Vietnam is one of the countries with the fastest economic growth rates in Asia and the world, while also being located in an extremely dynamic economic region. What remains is for businesses to demonstrate the quality of their earnings, growth, competitive advantages and corporate governance to access this abundant yet selective pool of capital,” he said.

Reshaping capital flows to unlock Vietnam's next growth engine As Vietnam pursues double-digit economic growth, restructuring capital channels beyond bank credit, spanning the equity market, corporate bonds and institutional investors, will be essential to building a more balanced and resilient financial system.

FDI listing hurdles lie beyond securities law With the current position of Vietnam's stock market, the State Securities Commission expect foreign-invested enterprises to become one of the key providers of high-quality listings for the market, reflecting its integral role in the economy.

FIEs' listing on Vietnam's stock exchange, unlocking new capital More foreign-invested enterprises listing on Vietnam's stock exchange could unlock new capital channels while injecting premium assets and driving higher corporate governance standards.

Vietnam stocks rebound as analysts retain bullish outlook Stronger policy support, improving liquidity, and market reforms are laying the foundation for stock market next growth cycle, even as short-term volatility persists.

Photo courtesy of InnoEx 2026

Collectively, the pilot initiatives have helped prevent, collect, recycle, or properly treat more than 750 tonnes of plastic waste, while testing new approaches to alternative materials, digital data systems, circular business models, improved technologies, and innovative financing mechanisms.

These efforts also support implementation of the Law on Environmental Protection and to emerging regulations on waste management and plastics, particularly those related to Extended Producer Responsibility (EPR). Beyond environmental impact, these solutions also support the creation of fair, respectful, and dignified job opportunities for workers within the waste management sector, while protecting their rights and wellbeing.

The Coca-Cola Foundation views innovation as a key driver and essential enabler in addressing the plastic waste crisis and advancing a circular economy in Vietnam. Innovative solutions play a critical role in bridging waste management policies with real-world implementation while addressing practical environmental challenges. Through its partnership with the United Nations Development Program (UNDP), the Coca-Cola Foundation aims to help these initiatives grow beyond the initial support phase to become self-sustaining and scalable, generating lasting environmental, social, and economic value for Vietnam.

Photo courtesy of InnoEx 2026

The programme has also helped connect innovators with investors, businesses, and strategic partners, creating pathways for promising solutions to move beyond the pilot stage. The initial support allows innovators to test ideas, build evidence, and demonstrate feasibility, laying the foundation for these solutions to become self-sustaining, scalable, and capable of driving long-term environmental, social, and economic value.

Demo Day highlighted this momentum through partnership agreements, including collaborations between CEL's LoopNet digital platform and TPC Distribution Vietnam, and between MAB's Cyan Truck model and Rogo Solutions.

With technical support from the Business Startup Support Centre (now SIHUB) and the Investment Business Partners, participating teams also gained access to the Green Innovation Fellowship and investment platform at InnoEx 2026. These connections can help innovators continue engaging with investors, ecosystem partners, and complementary support programmes beyond the acceleration phase.

The experience reflects a broader shift in how businesses are responding to environmental and market challenges. As pressures reshape markets and supply chain, businesses need to innovate, manage risks, and create value while addressing environmental challenges. The UNDP supports this transition by connecting businesses with policy, partnerships, investment and markets.

Photo courtesy of InnoEx 2026

Speaking at the event, Nguyen Van Duoc, Deputy Secretary of the Ho Chi Minh City Party Committee, Chairman of the Ho Chi Minh City People’s Committee said, “With this consistent approach, Ho Chi Minh City stands ready to ‘lead the way and set an example’ by piloting innovative ideas and working alongside domestic and international organisations, businesses and scientists on solutions to strengthen the control and reduction of plastic waste and emissions. The city is ready to facilitate controlled trials of waste collection, recycling and material circularity models, selecting suitable areas for pilots at a sufficient scale to validate their effectiveness and gradually scale them up.”

UNDP Resident Representative Ramla Khalidi said, "These innovators have shown that environmental solutions can also create economic opportunity, strengthen communities, and accelerate Vietnam's transition towards a circular economy. But innovation alone is not enough. Successful solutions need to connect with investment, policy, and partnerships so they can move beyond pilots and deliver impact at scale,"

Nguyen Do Anh Tuan, director general of the International Cooperation Department under the Ministry of Agriculture and Environment added that the ministry was looking forward to continuing its collaboration with Ho Chi Minh City, the UNDP and partners to help connect innovative initiatives with policy development and implementation, while encouraging the engagement of businesses and investors.

As Vietnam advances its circular economy ambitions, the Plastics Innovation Programme has built a growing portfolio of home-grown solutions to address plastic pollution and strengthened connections between innovators, businesses and investors. By fostering innovation and creating pathways to partnerships and investment, the programme is helping lay the foundation for the next generation of circular-economy enterprises.

Global treaty in sight for plastics battle Vietnam is joining the world’s efforts to formulate a legally binding treaty about plastic pollution, which has become a big menace for the country’s national development.

Localities join in efforts to fight plastics pollution Ten localities in Vietnam are taking actions to fight plastic pollution under Plastic Smart Cities (PSC), an initiative put forward by the World Wide Fund for Nature (WWF).

AEON determined to fortify green lifestyle As many companies are trying to promote sustainable development and a greener world, AEON Vietnam is trying to contribute its share. Nguyen Bang Lang, in charge of Sustainable Development at AEON Vietnam, shared with VIR’s Tra My initiatives to reduce single-use plastics at one of the largest retailers in Vietnam.

Tay Ninh People's Committee has approved the project's investment policy and IMG Long An JSC as its investor. Located in Tan Lan commune, the project will cover approximately 336 hectares, with a total investment of VND8.45 trillion ($323.94 million) and a 50-year operating term from the first land allocation or lease decision.

Representatives of IMG Long An JSC at the 2026 Tay Ninh Investment Promotion Conference. Photo: IMG Long An

The decision was presented at the province's Investment Promotion Conference on August 28. Tan Lan 3 was among 31 projects representing 27 investors in the approval-and-registration segment, with combined capital of about $3 billion.

The conference as a whole recorded 103 projects and works across groundbreakings, approvals, investment registration and expressions of interest, representing approximately $35.5 billion. Distinguishing these categories is important because they reflect different levels of legal readiness and investor commitment.

An IMG Long An representative receives the investment policy approval decision for Tan Lan 3 Industrial Park. Photo: IMG Long An

More than a land-scale proposition

Tan Lan 3's proposition rests not only on its gross site area, but also on how its target industries could interact. Under the approved direction, it will be a multi-sector industrial park primarily serving manufacturing and processing, together with industries and services supporting industrial production, subject to environmental requirements.

The project is designed to accommodate 15 industry groups, with an emphasis on sectors capable of forming supply chain links. Output from one enterprise may become raw materials, semi-finished goods or service inputs for another. This structure is intended to create conditions for industrial clusters and cooperation among tenants.

The potential benefits – including more efficient infrastructure use and lower logistics costs – will depend on tenant mix, infrastructure delivery and operating services. For investors, execution will therefore matter as much as the approved industry structure.

Planning perspective for Tan Lan 3 Industrial Park. Photo: IMG Long An

Tay Ninh strengthens its FDI proposition

Tan Lan 3 is entering the pipeline as Tay Ninh seeks to improve the quality of investment flowing into the province. Tay Ninh has attracted more than $26 billion in cumulative FDI, ranking seventh among Vietnam's 34 provinces and cities, while its economy expanded 10.12 per cent in the first half of 2026.

The province is looking beyond registered capital towards technology, productivity, local business development and supporting industries. Its development orientation also calls for closer links among industrial parks, production areas, border gates, Long An International Port and the wider regional seaport system.

These are regional planning directions rather than infrastructure already completed specifically for Tan Lan 3. Their value to tenants will depend on delivery, connectivity and the project's own implementation schedule.

Roadmap towards welcoming investors

Legal procedures are planned through December 2026, followed by compensation, clearance and land-related work. Compensation and site clearance are expected to be substantially completed by August 2027.

Industrial land subleasing is scheduled to begin in phases from June 2028, while land procedures, site preparation, technical infrastructure construction and clearance of the remaining area continue through June 2029. Tan Lan 3 is therefore an early-stage opportunity, not immediately available industrial land.

Manufacturers with medium- and long-term expansion plans can use the development period to assess sector compatibility, land requirements and potential supplier relationships. The next test for IMG Long An will be to translate the approved framework into serviced industrial capacity on schedule.

Hoa Phat launches steel pipe manufacturing facility in Tay Ninh On April 18, Hoa Phat Group held the inauguration ceremony for its Hoa Phat Long An Steel Pipe Plant in Tay Ninh, marking a new step in the group’s strategy to expand market share.

Tay Ninh calls for investment in 187 priority ventures Tay Ninh People’s Committee has unveiled a list of 187 priority investment ventures for the 2026–2030 period, focusing on industry, urban development, and logistics.

Tay Ninh students gain hands-on experience at local Coca-Cola plant Coca-Cola Beverages Vietnam recently hosted the closing ceremony for Coke Connect 2026, a comprehensive five-week career development and internship programme at the company's southern plant.

The discussions came as Vietnam seeks higher-value, resilient growth after years of expansion driven by manufacturing, exports and foreign investment. With the economy entering a more sophisticated stage, the focus is shifting towards productivity, innovation, stronger domestic enterprises and deeper participation in higher-value segments of global supply chains.

Delegates attend the inaugural CRIF Forum Vietnam 2026 in Hanoi. Photo: CRIF Vietnam

Nguyen Minh Tu, general director of CRIF D&B Vietnam, noted that business decisions would increasingly depend on the quality of information available to companies, financial institutions and investors as the economy becomes more interconnected and complex.

“Trusted data can help businesses and financial institutions assess risks, identify opportunities and allocate capital with greater confidence, while also allowing enterprises to demonstrate their credibility when working with domestic and international partners,” said Tu.

Nguyen Xuan Tho, deputy director general of the Agency for Private Enterprise and Cooperative Development under the MoF, highlighted the importance of transparency and investor confidence as Vietnam modernises its financial markets and seeks to attract domestic and international capital.

“Transparent information, modern data infrastructure and stronger market institutions will increasingly form part of a trusted investment environment,” Tho pointed out.

The forum highlighted that Vietnamese enterprises seeking to move up global value chains will need stronger productivity, digital capabilities and corporate transparency, alongside the ability to demonstrate credibility to banks, investors, customers and international partners.

Reliable business information is becoming important in this transition. Greater visibility into companies, counterparties, suppliers and commercial relationships can support capital allocation, help businesses identify reliable partners and enable Vietnamese enterprises to demonstrate their capabilities to markets.

For manufacturers and exporters, transparency is also increasingly connected to market access and competitiveness. As international trade requirements evolve, companies face growing demands for visibility into suppliers, counterparties, the origin of goods and risks across value chains. Transparency is therefore moving beyond compliance to become a factor affecting financing, investment and market access.

The rapid adoption of AI is adding another layer to quality. The forum emphasised reliable data, appropriate governance, transparency and human oversight alongside wider AI adoption.

The discussions also pointed to a shift in Vietnam’s growth model, from its established position as a manufacturing and export hub towards a more innovation-driven economy. Productivity, technology adoption, stronger domestic enterprise capabilities and trusted data were identified as foundations for creating greater value and maintaining competitiveness.

CRIF Vietnam and APED representatives sign the MoU. Photo: CRIF Vietnam

Against this backdrop, CRIF Vietnam signed an MoU with the Centre for Enterprise, Household Business and Collective Economy Information, under the Agency for Private Enterprise and Collective Economy Development (APED), to support small and medium-sized enterprises (SMEs) in their digital and green transition.

The partnership aims to help SMEs improve their environmental, social and governance (ESG) practices and gain better access to green finance. It will combine APED’s enterprise data and SME network with CRIF Vietnam’s expertise in business information, credit assessment and ESG analysis.

A key goal is to reduce duplication. The two sides will explore whether assessments completed under one system can be recognised by others, potentially allowing businesses to use existing results when seeking ESG certification rather than undergoing similar assessments again.

They will also study how data from existing transition and ESG assessment tools could make it easier for SMEs to obtain green finance by reducing paperwork, procedures and upfront compliance costs

The cooperation seeks to strengthen the role of enterprise data in financing decisions, complementing traditional collateral-based approaches with more comprehensive information on business quality and capabilities.

Under APED’s Twin Transition Challenge 2026, the nine best-performing enterprises will receive complimentary access to a Synesgy account for 12 months, while the following 21 enterprises will receive a 50 per cent discount on the account fee for 12 months, subject to Synesgy’s procedures and requirements.

Le Van Khuong, director of the Business Registration Supporting Centre under APED, emphasised that the objective was to make the twin transition more substantive rather than simply a reporting exercise.

“The cooperation would allow businesses completing the twin-transition maturity assessment to use their results towards an ESG certificate meeting international standards, supporting preparation for international markets and engagement with banks and credit institutions on green finance,” said Khuong.

Beyond ESG and green finance, the MoU also envisages research into an Enterprise Data Passport model.

The proposed model would be developed based on Vietnamese enterprise practices and combined with the D-U-N-S Number and other international enterprise identification standards, while considering data requirements related to exports, taxation and access to global markets. The parties stressed that collection, processing and sharing of enterprise data must comply with Vietnam’s data protection regulations.

The cooperation is expected to help Vietnamese SMEs strengthen twin-transition capabilities, improve information transparency and prepare for opportunities in green finance and international markets, while creating conditions for domestic enterprises to participate more deeply in global value chains.

Smarter infrastructure design key to Vietnam’s AI ambitions As AI adoption accelerates, enterprises are facing growing pressure to ensure that their underlying infrastructure can support increasingly demanding workloads while keeping data secure and operations resilient.

Data and resilience drive Vietnam’s digital government Public-sector digital transformation is entering a new phase, with data becoming the foundation of governance, while the ability to connect, share, protect, and recover data is increasingly determining operational resilience and the economy’s capacity for growth.

BTC Digital inks data MoU with NTC and SGP BTC Digital Ltd., a Nasdaq-listed digital computing infrastructure company, on August 25 announced that it signed an MoU)with Nam Trang Cat Investment and Development (NTC) and SG Partners (SGP).

Hoang Ninh, deputy director of the Vietnam E-commerce and Digital Economy Agency under the Ministry of Industry and Trade, said the rapid growth of e-commerce platforms, social media and livestreaming was allowing businesses and household businesses to reach wider markets and scale up sales, but is also placing greater demands on internal controls.

“Sellers must provide information for identity verification, while intermediary e-commerce platforms are responsible for electronic verification before allowing sellers to conduct business. On platforms that provide online ordering functions, sellers must use their own payment accounts,” Ninh said.

Businesses consequently need clear internal arrangements covering product listings, pricing, promotions, account management and cash flows. Moving sales online does not remove requirements applicable to the goods themselves, with products requiring business licences or subject to specific conditions remaining subject to those rules when sold through e-commerce platforms.

An overview of the workshop. Photo: Vietlink Law Firm

Product information has also emerged as a significant compliance issue. Online consumers often rely on images, videos, descriptions, advertising and sellers’ claims when making purchasing decisions, making accurate information on product functions, origin, quality, prices, promotions and warranties particularly important.

“Sales content can no longer be treated solely as a marketing function. It needs to form part of a company’s broader compliance and control process,” Ninh said.

The concern is particularly relevant to livestreaming and the growing use of KOLs and KOCs as sales channels. Businesses need to control information provided to promoters, establish clear guidance on permitted content and ensure prices and promotional programmes can be updated promptly, Ninh added.

The compliance burden comes as e-commerce platforms, social media and multi-channel business models enable SMEs and household businesses to reach customers far beyond their traditional markets. Small manufacturers and retailers can promote products, receive orders, process payments and arrange delivery through digital platforms without major investment in conventional distribution networks.

Yet an online transaction can involve obligations across multiple areas, including electronic contracts, taxation, invoicing, advertising, intellectual property, consumer protection, personal data and sector-specific requirements.

Dr Le Thi Hoang Thanh, deputy director of the Department of Civil and Economic Law under the Ministry of Justice, said many businesses and household businesses still face difficulties in accessing, updating and applying regulations governing e-commerce.

“A lack of information and limited capacity to identify legal risks can lead to violations and disputes, increase compliance costs and affect business reputation and performance,” she said.

“Against the backdrop of continued development of the legal framework for the digital economy, the requirement is not simply to ‘know the law’ or comply when inspections take place, but to actively identify and control risks from the outset of organising business activities in the digital environment.”

She therefore believes that greater legal awareness and stronger risk management capabilities would help businesses reduce disputes, protect their legitimate interests, strengthen competitiveness, and build consumer confidence.

Dr Tran Minh Son, director of the Centre for Legal Support for Small and Medium-sized Enterprises under the Department of Civil and Economic Law of the Ministry of Justice, identified the fragmented legal framework as a particular challenge for SMEs and household businesses.

An online business may have to comply with rules covering business conditions, product origin, advertising, promotions, electronic contracts, taxation, invoices, consumer protection, personal data and intellectual property. For smaller businesses without dedicated legal resources, keeping track of these obligations can be difficult.

Son also warned against waiting until a dispute or inspection occurs before seeking legal advice.

“On the digital environment, an advertising error can quickly reach a large customer base, while a problematic product can be sold simultaneously across several platforms,” he said.

Tax and transaction records require closer management as businesses generate revenue through multiple platforms, payment methods and sales channels. Consistent reconciliation of transaction data can help minimise discrepancies and tax compliance risks.

Consumer protection and intellectual property present further challenges. Information displayed on online shops, including product images, technical specifications, prices, return policies and sellers’ commitments, can affect the rights and obligations of both parties. Digital content and trademarks can also be copied easily, creating risks of infringement and making protection of businesses’ own intellectual property increasingly important.

“The challenge, therefore, is not simply to add more regulations, but to make the existing legal framework more accessible and practical for businesses,” Son said.

He suggested tailoring legal support more closely to the practical needs of SMEs and household businesses. Guidance on setting up online shops, electronic contracts, tax obligations, intellectual property, data protection and complaint handling could be built around situations businesses are likely to encounter.

Electronic handbooks, online Q&A platforms, legal information portals, instructional videos, model contracts and policies could also make legal guidance more accessible and help businesses manage compliance costs.

Multi-channel shopping is vital for e-commerce growth Multi-channel shopping is on the rise, becoming a vital factor which will help retail businesses expand sales channels, thereby increasing their reach to customers and enhancing the competitive edge given the online shopping boom in Viet Nam.

Vietnam in global top 10 for e-commerce growth E-commerce in Vietnam has recorded outstanding growth of 16-30 per cent per year over the last ten years, with the market size expected to reach $20.5 billion in 2023.

Barriers remain as firms pursue e-commerce growth with EU Opportunities for Vietnamese businesses in the EU cross-border e-commerce market are growing, but barriers related to regulations and legal challenges need addressing.

On August 28, at the Tay Ninh Investment Promotion Conference 2026, an investor consortium comprising Saigon Telecommunications & Technologies Corporation (SAIGONTEL), World Harmony Co., Ltd. (WVU), and SAIF Eagle II Investment Co., Ltd. presented a Letter of Interest to Tay Ninh People’s Committee.

The move marks the first step towards studying the development of an AI data centre complex at Nam Tan Tap Industrial Park in Tan Tap commune.

The proposed project would cover approximately 20 hectares and is envisaged to meet Tier IV standards, with targeted uptime of 99.999 per cent.

Its technical infrastructure is expected to incorporate cooling solutions designed specifically for high-performance AI workloads, including direct liquid cooling and immersion cooling. These technologies would enable computing densities of up to 150kW per rack.

International connectivity is also a central part of the plan. The consortium is targeting latency of below 18 milliseconds between the facility and Singapore, supporting high-speed data transmission and processing for AI and other compute-intensive applications.

The complex is planned for an ultimate IT load of 200MW. In the first phase, the consortium expects to develop 100MW of capacity with estimated investment of around $3.5 billion.

Subject to completion of the required investment procedures, construction of the first phase is targeted for the fourth quarter of 2026, with the consortium aiming to commence commercial operations during 2027.

The scale of the proposal highlights the increasingly close relationship between industrial infrastructure, power supply and digital capacity as Vietnam seeks to attract investment in AI, semiconductors and other technology-intensive industries.

Data centres have emerged as critical infrastructure for the digital economy, particularly as AI applications require substantially greater computing capacity and power density than conventional enterprise workloads.

For Tay Ninh, the proposed complex could therefore serve a broader role than that of a standalone data centre. If implemented as envisaged, it could become an anchor within an integrated ecosystem at Nam Tan Tap Industrial Park, linking industrial infrastructure with energy, digital infrastructure and supporting services.

Such a model could strengthen the province's ability to pull in technology companies and foreign direct investment while creating additional room for high-tech industries to develop.

The consortium brings together complementary capabilities in industrial infrastructure, technology and investment.

SAIGONTEL, a member of Saigon Investment Group, has experience across infrastructure, IPs and high technology. Its current strategy is structured around four pillars: core industrial park infrastructure, energy infrastructure, digital infrastructure and social infrastructure, with an emphasis on developing greener IPs capable of attracting sustainable investment.

WVU, part of World Vista United Group, is participating as a co-initiator. The company has more than two decades of experience in high-tech infrastructure. Its consolidated assets reached NT$13.83 billion as of 2025, while its renewable energy portfolio has more than 70MW of capacity.

WVU is also directly developing a 32MW hyperscale data centre project at Neihu Technology Park in Taipei, providing the consortium with relevant experience for the proposed Tay Ninh development.

SAIF Eagle II, a high-tech private equity investment arm under SAIF Group, will serve as a principal investor. SAIF Group manages approximately $10 billion in assets across a portfolio of more than 500 companies. Its exposure to digital infrastructure includes AI data centre complexes with combined capacity exceeding 300MW, alongside investments in 31 strategic semiconductor projects.

The next challenge will be translating the consortium's technological and financial ambitions into an executable infrastructure plan. In particular, a 100MW first phase will require close coordination over electricity supply, grid infrastructure and related mechanisms.

The consortium will work with the Tay Ninh authorities and the power sector to agree on a power supply solution and other relevant arrangements. These will provide the basis for completing documentation seeking approval of the investment policy, with the objective of beginning Phase 1 construction in 2026 in accordance with Vietnamese regulations.

SAIGONTEL's expanding infrastructure ambitions were also evident elsewhere on August 28. At the Ca Mau Investment Promotion Conference, Ca Mau People's Committee granted investment policy approval for the Tac Thu Industrial Park project to Vietnam Infrastructure Investment Group Corporation, a company within the SAIGONTEL ecosystem.

The 345ha industrial park has registered investment capital of nearly $152 million. It is planned as an industrial hub leveraging Ca Mau's advantages in raw materials, energy and logistics, targeting sectors including agricultural and seafood processing, cold storage, mechanical engineering and manufacturing, energy, and downstream gas-based industries.

The two developments in Tay Ninh and Ca Mau illustrate a broader shift in SAIGONTEL's infrastructure strategy. Rather than treating IPs simply as serviced land for manufacturers, the group is moving towards an ecosystem combining industrial, energy and digital infrastructure.

The Tay Ninh proposal represents the more technology-intensive end of that strategy. If the consortium can secure the necessary approvals, power capacity and implementation timetable, the AI data centre could provide a significant test of Vietnam's ability to accommodate a new generation of capital-intensive digital infrastructure while strengthening the investment proposition of its IPs.

Phung Quoc Man, chairman of the Ho Chi Minh City Handicraft and Wood Industry Association (HAWA). Photo: Organising Board

Themed “Growth in Motion,” the seminar was designed to help businesses across the architecture, interior, and building materials supply chains identify the opportunities and risks arising from this wave of transformation.

According to Phung Quoc Man, chairman of HAWA, the decision to make TOD the focus of the seminar was driven by developments already taking place across the city.

“Ho Chi Minh City is accelerating the development of its urban railway network and ring roads, while implementing a pilot mechanism for transit-oriented urban development under Resolution No.98/2023/QH15. TOD is therefore no longer merely a planning concept, but is gradually taking shape through new development areas, projects, and market demand,” said Man at the event.

The shift will affect not only transport but also the way the city organises urban development, housing, commercial areas, offices, and services. It will also create new requirements for the construction, building materials, and interior industries.

“The market will require more efficient buildings, more sustainable materials, and more flexible living spaces. For businesses, the opportunity lies not only in the number of projects that emerge, but also in their ability to participate in those projects with the right products, solutions, and capabilities. This requires businesses to gradually move from selling individual products to providing integrated solutions, while engaging earlier in the value chain alongside developers, architects, designers, and contractors,” said Man.

Dr. Ngo Viet Nam Son, chairman of Ngo Viet Architects & Planners. Photo: Organising Board

According to Dr. Ngo Viet Nam Son, chairman of Ngo Viet Architects & Planners, mechanisms to develop mixed-use service, commercial and residential complexes around transport hubs are essential to optimise land use and create a sustainable growth engine for urban development.

“I think TOD is a very new urban development model in Vietnam, marking a fundamental shift from cities built around shophouses, motorbikes and narrow streets towards public transport-oriented development. This is not only a change in urban planning and investment approaches, but also a change in lifestyle, with high-rise buildings, large parks, pedestrian-friendly spaces, and interconnected public services,” Son said.

In particular, following the expansion of Ho Chi Minh City after an administrative merger, TOD could facilitate the development of self-contained suburban areas where residents can access jobs, schools, hospitals, parks, and essential amenities within a 15-minute walk. As residents no longer need to travel into the inner city every day, pressure on central areas will ease, creating more room for urban regeneration, additional green spaces, and public facilities.

“I believe this presents an opportunity for Ho Chi Minh City to move towards a greener and healthier urban model, reducing traffic congestion, flooding, and pollution while bringing an entirely new way of life to its residents,” he added.

The idea of “Growth in Motion” discussed at the seminar also serves as the guiding theme of the Vietnam Interior & Build Expo (VIBE 2026), which will take place in Ho Chi Minh City from September 30 to October 3.

While previous editions laid the groundwork for exploring future living spaces, VIBE 2026 reflects the architecture, interior, and construction industries’ tangible transformation as Vietnam enters a new phase of national development.

TOD model essential for real estate Transit-oriented development, an urban model based on public transportation, will create more opportunities for Vietnam’s urban development.

British rail businesses strengthen cooperation in Vietnam On January 19-23, the British Embassy in Hanoi and the British Consulate General in Ho Chi Minh City, through the Green Cities, Infrastructure, and Energy Programme, is organising the UK Rail Mission to Vietnam.

Delivering urban railways and transit-oriented development Vietnam’s efforts to expand urban rail and sustainable city development have increased attention on transit-oriented development and digital delivery tools. Giang My Huong, director of Capital Projects and Infrastructure at PwC Vietnam, shared with VIR’s Khanh Linh how PwC is supporting climate-resilient urban transport delivery.

The consortium comprising PV Power, Nghe An Sugar Company, and SK Innovation were asked to complete the approval of the detailed construction planning task at a scale of 1/500 before September 3; submit the detailed construction planning at a scale of 1/500 for appraisal and approval before September 16.

The provincial leadership requires the consortium of investors to urgently complete the establishment of the project company, sign the project contract and the contract for compensation and land clearance work by August.

Another important task is to fully review the required documents, materials, and data for the preparation of the Feasibility Study report, and submit proposals to tthe people's committee or the Working Group of the Project so that relevant agencies can coordinate in providing them as required.

In addition, Nghe An People's Committee requested the consortium of investors to develop a detailed schedule for the entire project, clearly defining the completion time for each item, ensuring that the implementation requirements and the goal of putting the plant into operation in 2030 are met.

Regarding land clearance, Tan Mai People's Committee is tasked with reviewing and compiling all obstacles that arise to report to Nghe An Department of Agriculture and Environment for guidance and resolution.

The department is responsible for leading and coordinating with relevant units to resolve obstacles related to compensation and land clearance; in cases exceeding its authority, it must promptly advise the competent authority for consideration and resolution.

Meanwhile, Nghe An Department of Finance is responsible for guiding the locality on funding sources for compensation, support, and land clearance, ensuring the project's progress is not affected.

Nghe An Department of Industry and Trade is designated as the focal point for monitoring and expediting implementation. In addition, this agency is also responsible for periodically compiling the implementation status, reporting to the provincial people's committee, and advising on solutions for issues that are behind schedule or encounter issues.

Previously in mid-May, Nghe An People’s Committee and a consortium of investors held a ceremony to launch technical infrastructure works for the project.

Located in Tan Mai ward, the plant has a capacity of 1,500 MW, including a 1,500 MW LNG-based thermal power plant, an LNG storage and regasification system with a tank capacity of approximately 250,000 cubic metres, and a dedicated port within the Dong Hoi Port area – Nghe An Seaport.

The venture is slated to be put into operation and generate electricity in 2030, helping provide a stable and efficient power supply to the national grid, especially in the Northern and North Central regions. Once operational, the venture will meet the energy needs for industrial development, services, and logistics, while facilitating investment attraction in Nghe An.

PV GAS signs LNG supply deal with Shell Eastern Trading for 2027-2031 Petrovietnam Gas has signed a term liquefied natural gas (LNG) sale and purchase agreement with a wholly owned subsidiary of Shell plc for the 2027–2031 period.

Cai Mep Terminal delivers first pipeline gas to Phu My Power Complex AG&P LNG, a leading LNG terminals and downstream infrastructure company, on July 17 announced that Cai Mep Terminal has begun delivery of first pipeline gas to the Phu My power complex via the new Cai Mep–Phu My gas pipeline.

Ca Mau approves investment in 500kV Bac Lieu–Thot Not power line Ca Mau People's Committee approves investment in the 500kV liquefied natural gas Bac Lieu–Thot Not power line, which is invested by National Power Transmission Corporation.

MoIT to resolve issues for Long An I and II LNG power plants The Ministry of Industry and Trade will collaborate with Tay Ninh province to resolve obstacles related to land, finance, and power purchase agreements to ensure the early commencement of the Long An I and II LNG power plants.

Petrovietnam, PV GAS and Nebula Energy partner on LNG-powered data centre On July 28, Petrovietnam, PV GAS and Nebula Energy signed a cooperation agreement to explore an integrated data centre utilising LNG infrastructure at Vung Ang Economic Zone, Ha Tinh.

KN Energies and INDEL Corporation sign MoU in energy and infrastructure On July 28, Lithuanian terminal operator AB KN Energies and Vietnam-based INDEL Corporation signed an MoU to establish an energy and infrastructure cooperation framework in Vietnam.

Ho Chi Minh City continues to strengthen its global competitiveness as Asia's top business destination, holding consecutive World MICE and World Travel Awards for Best MICE Destination, Leading Business Travel Destination, and Leading Festival & Event Destination (2023 - 2025). Capitalizing on this momentum, the city has introduced a dedicated support policy through 2030 for qualifying MICE groups to boost international arrivals and integration of business events with accommodation and leisure.

Alongside these policy developments, Ho Chi Minh expands its MICE infrastructure through Tan Son Nhat Airport's Terminal 3, operational Metro Line 1, and Metro Line 2 construction. Coupled with an enriching urban landscape of architecture, history, gastronomy, and Saigon River journeys, the city enables planners to easily integrate corporate agendas with authentic destination experiences.

Within this landscape, The Reverie Saigon - a member of The Leading Hotels of the World - curates a seamless MICE journey of meetings, dining, and personalized hospitality. Occupying the building's upper floors, its accommodation offers generous proportions, Italian-inspired interiors, and commanding city views.

"Today's MICE travellers expect more than an efficient agenda. They seek meaningful destination experiences, opportunities to reconnect and lasting memories," said Gerd Kotlorz - General Manager. "At The Reverie Saigon, we bring these elements together to transform a business gathering into a highly personalised journey through the city."

Accommodating diverse event formats, The Reverie Saigon offers 15 venues led by La Scala Ballroom, San Carlo, and Amber & Jade. Beyond meetings, guests can recharge at The Spa and outdoor pool, or experience curated dining. Headline venues include Long Trieu, holding one Michelin Star for three consecutive years (2024–2026), Café Cardinal, The Long @ Times Square, and The Reverie Boutique, alongside convenient access to MICHELIN Selected Vietnam House Restaurant.

Extending the journey into Saigon, cultural landmarks like the City Opera House and Central Post Office sit steps away. Supported by a Golden Keys-certified Head of Concierge, the hotel offers bespoke experiences - including Saigon River yacht cruises, Rolls-Royce city tours and photo excursions - forging a deep connection with the city.

Here, a meeting can lead into a Michelin-starred dinner, a conference can conclude with a private journey along the Saigon River, and an incentive programme can become an intimate encounter with the culture and energy of Saigon.

At The Reverie Saigon, business is only the beginning.

For more information, please visit thereveriesaigon.com

Established in 1992, Koike Malaysia has grown from its beginnings in industrial packaging into a multi-industry enterprise with operations spanning automotive manufacturing and assembly, precision engineering, industrial packaging, logistics and warehousing, global sourcing, semiconductor-related manufacturing, retail distribution, and advanced industrial solutions. Through strategic diversification, operational excellence, and a strong commitment to innovation, the Group has built a resilient business ecosystem with operations and partnerships extending across multiple Asian markets, including Japan, Hong Kong SAR, Indonesia, Thailand, and Vietnam.

At the centre of this remarkable evolution is Na Chin Teong, whose entrepreneurial journey has shaped Koike Malaysia's growth trajectory over the past three decades. A graduate of Waseda University, Japan, Na began his professional career with Koike Corporation before returning to Malaysia in 1992 with the vision of establishing Koike Malaysia. Starting with a small logistics and industrial packaging business, he expanded the company by identifying new opportunities, developing strategic partnerships, and continuously adapting to changing market conditions.

Under Na's leadership, Koike Malaysia has evolved into a diversified business group comprising more than ten companies across multiple industries. The Group has achieved annual turnover exceeding RM600 million, strengthened its regional presence, established relationships with more than 200 global business partners, and oversees the movement of over 1,000 shipping containers annually through its logistics operations.

Beyond financial growth, Na has consistently championed a people-centred leadership philosophy, recognising that sustainable success is built upon capable people, shared purpose, and a strong organisational culture. His emphasis on teamwork, trust, accountability, and continuous improvement has fostered a workforce that supports Koike Malaysia's long-term expansion and resilience.

The dual recognition at the APEA 2026 reflects the success of both Koike Malaysia's accelerated growth and Na Chin Teong's visionary leadership, celebrating a business journey defined by innovation, adaptability, and a commitment to creating sustainable value for the future.

For further information, please visit www.apea.asia.

The certification applies to the design, development, deployment, operation, monitoring and maintenance of Neopharma's NEOVAULT® and myNEO® software solutions, providing an internationally recognised framework for the governance and responsible management of artificial intelligence across the software lifecycle.

ISO/IEC 42001:2023 adds to Neopharma's established security, privacy and compliance framework, which includes ISO/IEC 27001, SOC 2 Type II, GDPR and HIPAA. Together, these standards, controls and frameworks strengthen Neopharma's strategy of building NEOVAULT® as trusted digital infrastructure for diagnostic, healthcare and enterprise environments globally.

Shaun Melville, Executive Director of Neopharma Technologies, said:

"Achieving ISO/IEC 42001 certification represents another important step in the global development of NEOVAULT®. As we build digital infrastructure designed to connect diagnostic technologies, organisations and workflows at scale, how artificial intelligence is governed is just as important as the capability of the technology itself. Combined with ISO/IEC 27001, SOC 2 Type II, GDPR and HIPAA, this certification further strengthens the governance and compliance foundation supporting NEOVAULT® as our global partnerships, integrations and deployment opportunities continue to expand."

Gajenddra Raj, Chief Technology Officer of Neopharma Technologies, said:

"In diagnostics, AI cannot simply be about technical performance. It must operate within an environment where systems are governed, monitored and continuously managed throughout their lifecycle, with security, privacy, traceability and accountability embedded into the architecture. The scope of ISO/IEC 42001 is particularly meaningful because it covers the full lifecycle of NEOVAULT® and myNEO®. This strengthens the technology foundation we are building to support diagnostic manufacturers, healthcare organisations and enterprise partners as NEOVAULT® expands across Fit-for-Duty and broader diagnostic applications globally."

NEOVAULT® is designed as a device-agnostic diagnostics and Fit-for-Duty platform capable of connecting diagnostic technologies, testing workflows, laboratories and enterprise systems within a secure and traceable digital environment.

While initial deployments are focused on workplace health and drug and alcohol testing, the platform architecture has been designed to support expansion into broader human health diagnostic applications over time.

Following the VIP reservation phase, the Go5 Series is now available to backers in eligible countries and regions, with introductory Super Early Bird pricing starting at $1,899.

Redefining Outdoor Mobility: "Ride the Sun"

The name PHOSGO combines the Ancient Greek word "Phôs," meaning light, with the English word "Go," representing movement, exploration, and freedom. Together, the name reflects PHOSGO's vision of turning sunlight into energy for mobility beyond the reach of conventional charging.

For riders traveling through campsites, rural roads, and remote destinations, access to a wall outlet can be limited or unpredictable. PHOSGO integrates proprietary solar panels directly into the wheel structure, allowing the Go5 Series to capture supplemental energy while riding and while parked in sunlight. The result is a mobile, solar-assisted energy system designed to reduce charging stops and extend outdoor journeys.

"Outdoor mobility should not be limited by the location of the next wall outlet," said John Wang, Founder & CEO of PHOSGO. "The Go5 Series is designed for riders who camp, explore, and travel beyond the grid. By harvesting solar energy during the journey and at camp, it reduces charging anxiety and gives riders greater freedom to go farther."

Years of Breakthrough Engineering

The official release of the Go5 Series culminates a nine-year research and development journey in advanced photovoltaics. To ensure maximum durability and energy conversion on moving wheels, PHOSGO engineered three core innovations:

• Next-Gen Back-Contact (BC) Solar Architecture: The Go5 Series uses BC solar cells with a rated conversion efficiency of over 26%. With all electrical contacts located on the rear of the cells, front-side shading from metal contacts is reduced.
• Structural Solar Wheel & Conductive Hub Technology: Four wheel-integrated solar panels provide up to 200 W of peak solar capacity. PHOSGO's proprietary Conductive Hub Technology reliably transfers electricity from the rotating wheels to the e-bike's electrical system.
• Dual-Mode Charging Architecture: Managed by an intelligent MPPT solar controller, energy is dynamically allocated - assisting the motor to reduce battery consumption while riding, and automatically recharging the battery when parked under the sun.

Two Models Built for Outdoor Exploration

The Go5 Series is designed first for campers, outdoor travelers, adventure riders, and long-distance explorers, while also providing practical solar-assisted benefits for everyday riding.

PHOSGO Go5 Ultra

Built for demanding terrain and long-distance exploration, the Go5 Ultra is equipped with a premium Bafang M430 mid-drive motor rated at 750 W, delivering up to 150 N•m of torque and speeds of up to 28 mph in the US configuration.

Powered by a 720 Wh battery using LG cells, it offers an estimated base range of up to 90 miles. With solar recovery during a multi-day trip under favorable sunlight and defined riding conditions, the combined riding distance before the next plug-in charge can reach approximately 140 miles, supporting up to three days of outdoor travel.

Gear shifting is handled by an eight-speed Shimano drivetrain with electronic shifting.

PHOSGO Go5 Pro

Designed for weekend camping, day trips, and lighter outdoor exploration, the Go5 Pro features a Bafang M430 mid-drive motor rated at 500 W, delivering up to 140 N•m of torque and speeds of up to 20 mph in the US configuration.

Powered by a 480 Wh battery using LG cells, it offers an estimated base range of up to 60 miles. With solar recovery during a multi-day trip under favorable sunlight and defined riding conditions, the combined riding distance before the next plug-in charge can reach approximately 110 miles, making it well suited to weekend camping and shorter outdoor trips.

Gear changes are seamlessly managed by a durable Shimano 8-speed drivetrain.

From Campsites to Daily Commutes

At a campsite or during an extended outdoor stop, the wheel-integrated Solar Wheel Charging System can continue harvesting energy while the bike is parked in sunlight. On the move, the system supplies supplemental energy that can reduce battery consumption. Together, these modes help outdoor riders spend more time exploring and less time planning around charging locations.

For city riders, the same system can also reduce plug-in charging frequency. Based on a typical 20-mile daily round-trip commute and up to 17 miles of daily solar recovery, the Go5 Pro can enable up to 20 days and the Go5 Ultra up to 30 days of commuting without plugging in under favorable conditions.

The Go5 Series will also be offered in regional configurations. EU versions use compliant 250 W pedal-assist systems with motor assistance limited to 25 km/h. Australian configurations will be supplied in accordance with applicable state and territory regulations.

Both models integrate a full-vehicle CAN bus communication system and smart IoT modules (4G, GPS, Bluetooth).

Through the PHOSGO mobile app, riders can view key battery and ride data, track the bike's location, and activate an electronic motor lock. The bike's built-in 4G, GPS, and Bluetooth connectivity also supports anti-theft alerts and connected services.

Official Launch Pricing & Global Availability

The Go5 Series is available for backing in eligible countries and regions starting today with limited-time launch discounts:

• PHOSGO Go5 Ultra: MSRP $3,799 | Super Early Bird: $2,499
• PHOSGO Go5 Pro: MSRP $2,799 | Super Early Bird: $1,899

Both the Go5 Ultra and Go5 Pro will be offered in Step-Over and Step-Through frame styles. For each model, the Step-Over and Step-Through versions are offered at the same price.

To back the campaign or learn more, visit PHOSGO's Indiegogo page.

Website: www.phosgo.com

Huawei OceanStor Data Storage continues to advance technological innovation, leveraging a high-efficiency and unified AI data platform, excellent capacity density and energy efficiency, and future-proof data resilience to comprehensively meet the diverse needs of enterprise use cases.

Huawei Data Storage operates in more than 150 countries and regions. It serves a wide range of customers across Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region, including those in the financial, telecommunications, manufacturing, healthcare, government, and public utilities sectors.

To learn more about Huawei storage products and solutions, visit https://e.huawei.com/en/products/storage

The joint laboratory will be strategically located within the clinical and cancer research precinct at Cabrini Malvern. Expected to open in 2027, it will become Australia's first genomics laboratory co-located within a private hospital.

Novogene's expansion into Australia marks a significant boost to Victoria's precision medicine capabilities, bringing industry-leading expertise, technologies and workflows in high-throughput sequencing and advanced multi-omics.

Cabrini's cancer services deliver approximately 30,000 treatments and 4,000 diagnoses each year, while its clinical trials program provides patients with access to innovative new therapies across approximately 100 active trials. By integrating genomic testing within the clinical environment, the laboratory is expected to enable faster turnaround from biopsy to genomic results, supporting more timely clinical decision-making and treatment initiation.

Professor Gary Richardson OAM, Group Director of Cabrini Research, Neil Beauglehall Endowed Chair of Medical Oncology Research, and medical oncologist at Cabrini Health, said the collaborative service with Novogene would deliver significant immediate and long-term benefits for patients.

"The laboratory will allow us to provide genomic results within days and connect patients more rapidly with effective treatment options, including access to clinical trials," Professor Richardson said.

"For our cancer patients, particularly those living with rare and complex cancers, that means faster access to potentially life-saving treatments. Looking ahead, the knowledge we generate from this genomic information will help us develop new diagnostic tools and targeted therapies that will redefine how we deliver care to patients with cancer."

The precision oncology program underpinning the new laboratory has been made possible with the support of philanthropic and government investment.

"We've been fortunate to secure significant investment, including a $10 million grant from the PMF Foundation and a $5 million Australian Government grant, to establish a precision oncology program that will help patients access genomic testing and personalised treatments," Cabrini Chief Executive Sue Williams said.

"Together with Novogene, this clinically integrated service will improve the quality of our cancer services and position Cabrini as a national leader in precision oncology."

Justin Lee, Vice President of Novogene Asia-Pacific, Middle East and Africa (AMEA), said Cabrini's leadership in cancer care and research, together with its close connections to universities and healthcare consortia across Melbourne, made it an ideal location for Novogene's first Australian laboratory.

"Building our first Australian laboratory at Cabrini Health represents an important milestone in Novogene's long-term commitment to Australia," he said. "By bringing our advanced genomics and multi-omics capabilities closer to Australian clinicians, researchers and patients, we aim to enable deeper collaboration and accelerate the translation of scientific discoveries into meaningful clinical impact. We will also strengthen our local presence by hiring and training Australian talent, establishing a robust quality management system, and fostering stronger local collaborations that leverage Australia's world-class clinical research ecosystem."

Dr Olivia He, Country Director of Novogene Australia, said the laboratory would strengthen Novogene's ability to support healthcare and research partners across Australia.

"Establishing this capability in Melbourne is an important step in strengthening our presence and bringing us closer to the clinicians and researchers we work with," she said. "It will enable faster, more responsive support and deeper collaboration as precision medicine continues to advance. With this local capability, we can better support clinical trials and pursue joint development with our Australian partners."

For more information, visit amea.novogene.com.

Leerink Partners and Guggenheim Securities are acting as joint bookrunning managers for the proposed Offering. BTIG, Needham & Company and Laidlaw & Company are acting as co-managers for the proposed Offering. The proposed Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed or as to the actual size or terms of the Offering.

Kazia intends to use the net proceeds from the Offering primarily to fund clinical development of paxalisib, including ongoing and planned studies in triple-negative breast cancer and HR+/HER2- breast cancer and other oncology indications, and for working capital and general corporate purposes.

The ADSs and warrants are being offered pursuant to a registration statement on Form F-3 (File No. 333-294392), which was previously filed with and subsequently declared effective by the Securities and Exchange Commission (the "SEC"). The Offering will be made only by means of a prospectus supplement and accompanying prospectus that form a part of the registration statement. A copy of the preliminary prospectus supplement relating to and describing the terms of the Offering will be filed with the SEC and will be available for free on the SEC's website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus may also be obtained, when available, from Leerink Partners LLC, Attention: Syndicate Department, 53 State Street, 40th Floor, Boston, MA 02109, or by telephone at (800) 808-7525, ext. 6105, or by email at syndicate@leerink.com, or from Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330 Madison Avenue, 8th Floor, New York, NY 10017, telephone: (212) 518-9544, email: GSEquityProspectusDelivery@guggenheimsecurities.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the Offering, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

"REDMI Note Series has continually made premium products more accessible, and delivered premium quality across every product we make," says Anne Wang, REDMI marketing director at Xiaomi International. "Guided by that focus, it has earned the trust of users around the globe throughout its 12-year history, with more than a dozen generations and over 500 million shipments worldwide."

The newly launched REDMI Note 17 Series builds on that foundation with a six-year "built for years" commitment spanning battery longevity, security patch updates, and sustained system smoothness, setting a higher standard for long-term reliability. Built to REDMI Titan Quality standards, the REDMI Note 17 Series takes every hit and comes out looking untouched. The entire series has received TÜV SÜD certification for long-lasting battery performance, while the Pro models further raise the bar as the industry's first devices to receive TÜV SÜD 5-star Titan Quality Certification across battery performance, drop resistance, and water resistance.

Leading the series, REDMI Note 17 Pro Max 5G is equipped with a 10,000mAh Silicon-Carbon Battery that delivers up to three days of use on a single charge and provides a full day of power in just 20 minutes of charging under Boost Mode, backed by 100W HyperCharge and up to 27W wired reverse charging. REDMI Note 17 Pro 5G features an 8,340mAh battery with 67W HyperCharge, while REDMI Note 17 5G and REDMI Note 17 come with a 7,700mAh battery and 45W turbo charging. Supported by a smart battery management system, the series is designed to retain battery health for up to 6 years of use.

For everyday durability, the two Pro models feature REDMI Titan Structure with IP66, IP68, IP69, and IP69K dust and water resistance, 2-meter water resistance tested for 72 hours, and Wet Touch Technology 2.0. Certified for 3-meter drop resistance by SGS, they are built with Corning^® Gorilla^® Glass Victus^® 2 and a flagship-level internal architecture to handle accidental drops and daily wear.

The series also introduces a refreshed aesthetic with a redesigned camera module, a flat display, gently rounded corners, and a dual-finish back panel, while the Pro models feature an upgraded mid-frame design for a smoother in-hand feel. The Pro Max model further stands out with an exclusive photochromic Cloud Blush finish, adding a distinctive touch to the design.

Beyond that, the series delivers flagship-grade experiences across display, performance, and camera. REDMI Note 17 Pro Max 5G features a 6.83-inch display with up to 3,500 nits of peak brightness and 1.5K resolution for bright and vivid content viewing. Powered by Xiaomi HyperAI, REDMI Note 17 Pro Max 5G delivers a more intuitive and efficient AI-powered experience. For photography, the Pro Max model supports true-to-life portrait capture, dual‑video, and 4K recording, alongside AI Creativity Assistant such as AI Glare Removal and AI Erase Pro.

* All battery capacities are typical capacity.

* All data is based on Xiaomi internal data and Xiaomi Internal Labs. Actual results may vary.

* The six-year "built for years" commitment covers battery longevity, security patch updates, and sustained smoothness, with specific coverage varying by product model and market. Please refer to official Xiaomi product announcements for market-specific details.

* Features described in this article, including battery capacity, water and dust resistance rating, drop resistance certifications, and battery technology, vary by model and between markets and sales channels. Not all features are available on all models. Please refer to the official Xiaomi product announcements for model-specific details.

* Price and availability vary between markets and sales channels.

The expanded structure establishes dedicated executive accountability across Sharon AI's company-wide operations and AI infrastructure delivery as the Company scales its multi-site, multi-country AI Factory platform.

As part of the leadership expansion:

• David Burns has been appointed Chief Operating Officer, with responsibility for the end-to-end delivery and operation of Sharon AI's expanding AI infrastructure estate.
• Andrew Leece, Sharon AI's current Chief Operating Officer and Co-founder, will move into the dedicated role of Head of Strategic Partnerships and Co-founder, providing founder-level sponsorship across the Company's most important customer, data centre and strategic relationships.

The leadership changes reflect the increasing scale and complexity of Sharon AI's operations. Responsibilities previously held within broader roles are being assigned to specialist executives, establishing clear accountability while retaining the experience and institutional knowledge of the leaders who have built the business.

"As Sharon AI grows, we are building the specialist leadership capability required to deliver with discipline and at scale," said James Manning, Chief Executive Officer and Co-founder of Sharon AI.

"These appointments establish clear accountability across operational delivery, infrastructure capacity and strategic partnerships. They strengthen our ability to convert customer commitments and contracted capacity into live AI infrastructure while continuing to build trusted, long-term relationships across our partner ecosystem.

"Andrew has played a central role in building Sharon AI's operating capability and advancing our AI Factory deployments. As Co-founder, his knowledge of our business, customers and partner ecosystem is invaluable. His new mandate will enable him to focus on the founder-level relationships that are critical to Sharon AI's long-term success."

Strengthening operational delivery

As Chief Operating Officer, David Burns will lead the end-to-end delivery and operation of Sharon AI's multi-site, multi-country AI infrastructure estate.

The role will bring together program management, procurement, the consolidated customer order book and partner-delivered services, with accountability for accelerating the journey from customer order to live operational capacity.

David brings more than 35 years of experience leading and transforming technology, telecommunications and services businesses across Australia, the United States, Europe and Asia. He has held senior executive roles at Telstra and IBM, with responsibility spanning P&L leadership, customer delivery, managed services, infrastructure, transformation and major acquisitions.

Most recently, David served as Group Executive, Telstra Enterprise, where he led the company's Australian B2B and international portfolio. As COO at Sharon AI, he will lead operational strategy and execution, helping the company scale its AI infrastructure platform with a strong focus on delivery, customer outcomes and financial performance.

David Burns said, "AI is moving at a pace unlike any technology shift I've experienced in my career, and the opportunity ahead for Sharon AI is significant. What excites me is the challenge of turning that opportunity into execution - building the operational capability, partnerships and discipline needed to deliver for customers at scale.

"Sharon AI has an ambitious strategy and a strong position in a rapidly evolving market. I'm looking forward to working alongside the team to translate that ambition into outcomes for our customers, partners and shareholders."

Dedicated founder-level strategic partnerships

In his new role as Head of Strategic Partnerships and Co-founder, Andrew Leece will provide executive sponsorship and long-term continuity across Sharon AI's priority customer, data centre and strategic relationships.

The dedicated mandate separates long-term relationship stewardship from day-to-day commercial negotiations and operational delivery, enabling Andrew to focus his experience and founder perspective on partnerships that are central to Sharon AI's growth.

"Sharon AI has reached a point where the scale of our customer commitments, infrastructure pipeline and partner ecosystem requires more specialised leadership," said Andrew Leece, Co-founder of Sharon AI.

"I am proud of the operating capability we have built and the progress we are making across our AI Factory platform. My new role will allow me to focus on strengthening the strategic relationships that underpin our capacity, delivery and long-term growth, while supporting the expanded leadership team as we move into this next phase."

The appointments and leadership changes will take effect from 7^th September 2026.

For more information, visit www.sharonai.com.

The company plans to allocate approximately KRW 2.71 trillion of the offering proceeds toward the planned acquisition of PolyPeptide Group, with the remaining approximately KRW 290 billion designated for the expansion of Bio Campus II.

In July, Samsung Biologics announced an all-cash offer to acquire PolyPeptide Group for CHF 1.46 billion (approximately KRW 2.71 trillion), a move that will broaden the company's portfolio into peptide-based therapeutics beyond antibodies and ADCs to better meet rapidly growing global demand for diverse modalities.

Additionally, following the completion of Plant 5 at the company's Songdo Bio Campus II in 2025, Samsung Biologics has been evaluating bringing Plants 6 through 8 online sequentially, boosting its global manufacturing capacity to 1,385,000 liters by 2032.

"Building on our position as a global top-tier CDMO, this capital raise sets the stage for our next phase of growth," said John Rim, President and CEO of Samsung Biologics. "We are confident that executing our three-dimensional growth strategy, including the acquisition of PolyPeptide Group and the expansion of Bio Campus II, will deepen our leadership and create lasting value for shareholders."

The rights offering comprises approximately 2,270,000 new common shares at an offering price of KRW 1,322,000 per share, representing a discount of approximately 15% from the reference price. The total funds, estimated at KRW 3 trillion, represent approximately 4.90% of the company's market capitalization based on the previous trading day's closing price.

The offering will be made to existing shareholders on a pro-rata basis, followed by a general public offering of any unsubscribed shares. In accordance with Korea's Capital Markets Act, 20% of the new shares will be allocated to the company's employee stock ownership association, with the remainder offered to shareholders proportionally.

Shareholders who do not wish to subscribe may trade their subscription rights certificates in the market. Any unsubscribed shares will be offered through a general public offering, with any remaining shares taken up by the lead underwriter.

The securities registration statement will take effect on Sept. 30, with the date for new share allocation set for Oct. 6. The subscription period for existing shareholders will take place Nov. 9–10, followed by the general public offering subscription for any unsubscribed shares on Nov. 12–13. The new shares are targeted for listing on Nov. 30.

For more information, visit https://samsungbiologics.com/.

Revenue increased 40.2% year over year to RMB 174.50 billion, while net profit attributable to shareholders rose 18.0% to RMB 7.84 billion. Net profit attributable to shareholders excluding non-recurring gains and losses increased 6.5% to RMB 5.96 billion. Gross margin expanded by 17 basis points to 11.78%.

The margin improvement reflected operating leverage and a more diversified revenue mix, with faster growth in Communications and Data Center and Automotive Electronics, both of which carry gross margins above the Company average. Internal innovation, AI-enabled manufacturing efficiency and disciplined cost management also helped absorb pressure from foreign-exchange movements, higher input costs and investment in new businesses.

"Our first-half performance demonstrates the resilience of Luxshare Precision's diversified portfolio and global operating platform," said Wang Laichun, Chairwoman and General Manager of Luxshare Precision. "We are investing with discipline in areas supported by clear customer demand and defined technology roadmaps, particularly AI-enabled devices, AI infrastructure and intelligent vehicles. Our priorities remain execution, operating efficiency and sustainable value creation."

Strategic Investment and Financial Discipline

Research and development investment increased 43.1% to RMB 6.57 billion, primarily reflecting higher spending on engineering talent, tooling, materials and certification. More than half of the Company's R&D investment supported technology preparation for programs approaching commercialization.

Capital expenditures totaled RMB 10.27 billion, up RMB 742 million year over year, and were mainly directed toward overseas facility expansion, supporting infrastructure and new product lines. The Company prioritizes investments linked to customer programs, localized delivery and long-term manufacturing flexibility.

Inventory was RMB 50.37 billion at June 30, 2026, up 19.0% from year-end 2025, below the Company's 40.2% revenue growth. The increase primarily reflected business expansion and strategic material preparation for selected products.

First-half operating cash flow was an outflow of RMB 2.45 billion, mainly due to seasonal supplier payments and more than RMB 5 billion of strategic inventory preparation. Operating cash flow turned positive in the second quarter, reaching RMB 4.62 billion.

Foreign-exchange volatility resulted in approximately RMB 1.99 billion of losses on foreign-currency-denominated monetary assets and liabilities. Foreign-exchange risk management activities generated approximately RMB 1.30 billion in related gains. Under applicable accounting treatment, these gains were recorded as non-recurring items, while the corresponding losses remained within both disclosed net profit measures.

Growth Across Three Core Businesses

Consumer Electronics revenue increased 19.3% to RMB 122.48 billion. Luxshare Precision continued to deepen core customer relationships and strengthen its ODM and end-to-end product development capabilities. By integrating expertise across acoustics, optics, electrical systems, thermal management, magnetics and precision structures, the Company is extending its participation from components and modules to product definition, system development and volume manufacturing. Priority areas include AI PCs, smart wearables, AI glasses and intelligent acoustic products.

Communications and Data Center revenue increased 49.7% to RMB 16.61 billion. The Company is building an integrated AI infrastructure portfolio spanning high-speed copper interconnects, optical interconnects, thermal management and power management. Operational progress included volume production of 800G optical products, batch shipments of 1.6T DAC, ACC and AEC products, continued customer introductions for liquid-cooling solutions, and scaled production of DC-DC server power modules. Luxshare Precision is also advancing 224G and 448G copper technologies and next-generation optical architectures.

Automotive Electronics revenue increased 274.1% to RMB 32.39 billion, supported by organic growth, customer program ramps and Leoni's contribution. The Company continued to expand its portfolio across connectors, wiring harnesses, intelligent control systems, smart chassis technologies and powertrain solutions. High-speed connectors and rear-wheel steering products have entered mass production, while intelligent cockpit and advanced driver-assistance platforms are progressing across multiple vehicle programs. Leoni's integration continued to outperform expectations, strengthening global customer access, engineering resources and localized delivery capabilities.

Global Platform and Outlook

Luxshare Precision operates across five continents, 29 countries and more than 100 production sites. This network supports localized delivery, customer collaboration and supply chain resilience. The Company's vertically integrated platform spans precision components, functional modules and system-level products, supported by AI-enabled digital tools for quality management, predictive maintenance, production scheduling and standardized global execution.

For the remainder of 2026, Luxshare Precision will continue supporting consumer electronics product launches and ODM/JDM programs; accelerating commercialization across high-speed interconnects, optical products, liquid cooling and power management; and expanding automotive customer programs while capturing further benefits from the Leoni integration.

The Company will maintain disciplined capital allocation and continue investing in technology, manufacturing capacity and global delivery capabilities that support sustainable, high-quality growth.

The issuer is solely responsible for the content of this announcement.

The delegation comprised officials from the Shenzhen Liaison Unit, Hong Kong industrial leaders, and executives from Hong Kong-invested manufacturing and service enterprises. Both sides engaged in in-depth discussions on key topics including digital transformation of the manufacturing sector in the Greater Bay Area (GBA), 5G industrial applications, and computing infrastructure co-construction, reaching multiple bilateral cooperation intentions.

At the ZTE exhibition hall, the delegation took a guided tour of core innovations including the self-developed computing server, GoldenDB (distributed database solution), 5G private network solutions for industrials, the Digital Twin Intelligent Factory System, and the GBA cross-border digital service platform. ZTE technical experts demonstrated how these products help traditional manufacturers upgrade production line intelligence and streamline upstream-downstream digital links, sharing multiple case studies of digital transformation for enterprises across Guangdong, Hong Kong, and Macao. ZTE reaffirmed its commitment to supporting digital upgrade of the GBA manufacturing sector with its self-developed technological capabilities.

Following the visit, both sides held a seminar and exchange session. Xie Yinchuang, Chief Technology Officer of ZTE (Hong Kong) Co., Ltd., provided a detailed introduction to the company's industrial layout in the GBA. Addressing the transformation needs of Hong Kong SMEs, he promoted end-to-end digital upgrade solutions with diversified options and welcomed Hong Kong manufacturers to leverage ZTE's technological resources for smart upgrading.

Delegation representatives spoke highly of ZTE's technological strengths. The PRD Council expressed its desire to establish a long-term, regular exchange platform with ZTE, continue organizing study visits for Hong Kong enterprises, and leverage mainland technological innovation resources to help Hong Kong's manufacturing sector rebuild its core competitiveness.

This visit represents a practical step in deepening Shenzhen-Hong Kong real economy integration. Looking ahead, ZTE will continue to leverage its digital technology advantages, deepen collaboration with Hong Kong's industrial sector, bridge the industrial collaboration channel between Shenzhen and Hong Kong through technological innovation, and build a secure and resilient development foundation with localized digital technologies. The two sides are committed to seizing opportunities presented by the GBA's digital economy and advanced manufacturing development, injecting new momentum into the high-quality development of the real economy in both regions.

http://www.zte.com.cn/global

The issuer is solely responsible for the content of this announcement.

The growth rate of Group 5 loans was significantly lower than the 17.5 per cent increase in total non-performing loans (NPLs).

However, this loan group still accounted for a dominant 56 per cent of total NPLs, while Group 2 loans, which are loans needing attention, and off-balance-sheet debt inched up, indicating that asset-quality pressure remains.

On the positive side, 11 banks in the observation group reduced their Group 5 loans from the end of 2025.

The sharpest decline was recorded by VietBank, down 48.5 per cent to $44.3 million, while Saigonbank posted a 31.3 per cent decrease to $13.4 million.

VietinBank, representing the large-bank segment, also recorded a significant 21.3 per cent decline in Group 5 loans from the end of 2025, to $624.4 million.

Several banks posted declines of less than 10 per cent. VIB and Eximbank, for instance, reduced their Group 5 loans by 9.7 per cent and 8.8 per cent, respectively, bringing the balances down to $229.7 million and $126.9 million.

PGBank and Vietcombank both recorded declines of 4.2 per cent, to $23.5 million and $333 million, respectively; ACB cut its Group 5 loans by 3.3 per cent to $198.7 million.

Meanwhile, the improvement at Techcombank and ABBank was relatively modest, with their Group 5 loans declining by 0.9 per cent and 0.1 per cent, respectively, to $235.4 million and $22.7 million.

In addition, the settlement of Group 5 loans also contributed significantly to the improvement in loan quality.

The most notable case was VietBank, where total Group 3-5 NPLs fell 27 per cent to $89.6 million at the end of Q2.

At Saigonbank, total NPLs edged down 1.3 per cent to $25.6 million, supported by a sharp 31.3 per cent decline in Group 5 loans to $13.4 million.

In terms of composition, VPBank was one of the few banks where Group 5 loans accounted for less than 30 per cent of total NPLs, at 25.7 per cent.

The decline in Group 5 loans at some banks may have resulted from debt recovery, the disposal of collateral, the use of loan-loss provisions to write off debts.

However, such declines do not necessarily mean that the risks have been eliminated, as some debts may be transferred off the balance sheet after being written off against provisions.

According to Rong Viet Securities (VDSC), system-wide on-balance-sheet NPLs rose to around $12.4 billion at the end of Q2, 2026, up 6 per cent compared to Q1.

However, Group 2 loans rose to more than $8.48 billion, pushing the Group 2 loan ratio from 1.23 per cent in Q1 to 1.37 per cent at the end of Q2.

VDSC said the continued high level of net non-performing loan (NPL) formation in Q2 was a consequence of lending rates rising relatively rapidly.

According to VDSC, the increase in Group 2 loans deserves attention as this loan group might serve as an early indicator of NPLs over the following one to two quarters, amid the fact that most banks' provisioning buffers have yet to be strengthened proportionately.

“Asset quality is sending fairly negative signals in the first half of 2026. This is a consequence of lending rates rising relatively rapidly, with yields on loans increasing by around 1-2 percentage points over the past three quarters, directly affecting borrowers' repayment capacity, particularly in the retail segment,” said Do Thanh Tung, manager at VDSC's Research Centre.

Meanwhile, Guotai Junan Securities Vietnam (GTJA) also noted that Group 2 loans were rising faster than NPLs and represented an early warning signal that should be closely monitored.

A total of 15 out of 27 banks recorded an increase in their Group 2 loan ratios in Q2, potentially signalling that credit risks are expanding before fully translating into on-balance-sheet NPLs.

Nevertheless, according to GTJA, Law No.96/2025/QH15, which took effect on October 15, 2025, added the right to seize collateral securing bad debts when the prescribed conditions are met. Decree No.304/2025/ND-CP, which took effect on December 1, 2025, sets out detailed conditions for collateral eligible for seizure.

These regulations strengthen the enforceability of creditors' rights and shorten part of the process for resolving debts secured by collateral, providing greater benefits to banks with legacy NPLs and collateral backed by sound legal documentation and good liquidity.

However, the pace of recovery will still depend on the individual assets involved and the actual required procedures.

VAMC auctions $60 million bad debt as NPL resolution hurdles remain Vietnam's asset management authority is auctioning a $60 million bad debt portfolio, highlighting persistent challenges in resolving non-performing loans and the need for legal clarity to attract investors.

Banks build bigger buffers as bad debt pressure returns Banks are sharply increasing loan-loss provisions as rising bad debts, weaker cash flows and mounting property market risks force lenders to prioritise financial resilience over short-term profit.

Banks face growing bad debt risks amid rising funding costs Banks are facing rising bad debt risks as non-performing and special-mention loans increase, while thinner provisioning buffers and higher funding costs threaten to put pressure on asset quality.

Experts offer solutions on more substantive lending cuts As banks face mounting funding costs, liquidity pressures and bad debts, experts have offered solutions to make lending rate cuts more substantive while ensuring credit reaches key growth sectors.