Agoda has received investment promotion from the Thailand Board of Investment (BOI) for International Business Center activity. Agoda's Bangkok base underscores Thailand's potential to become a tech talent hub.

Narit Therdsteerasukdi, Secretary General of the BOI, visited the office at the One Bangkok complex and met Agoda Chief Executive Omri Morgenshtern and senior management. The Bangkok site serves as Agoda's Global Tech & Operations Hub, with systems developed in Thailand deployed across a platform that lists more than 6 million properties in 39 languages. The company employs more than 8,000 people in 25 markets.

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

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

Through long-term book box donations and a diverse range of reading activities, USI-TW has worked for many years to support education in rural areas, committed to building a stable and sustained reading environment for children and making knowledge a driving force for changing their futures. Through continued donations of shared-reading book boxes and a range of educational activities, USI-TW has supported schools in rural communities for years, helping create a more stable and sustainable reading environment for children and giving them greater access to books and learning opportunities.

This year, USI-TW is continuing its book donation programme in Nantou and Changhua, while expanding the initiative with activities including parent-child reading sessions, author talks and interactive science classes. By combining reading with hands-on experiences, the programme aims to strengthen children's comprehension and creativity while encouraging them to explore the wider world and discover new possibilities for their own development.

Among the activities, parent-child reading has become an important link between USI-TW, its employees and the wider community. For several years, the programme has invited employees and their families to take part, bringing them into schools to read and interact with students. The initiative extends the benefits of reading beyond the classroom, into homes and communities. It also gives USI-TW employees an opportunity to contribute directly to the communities where the company operates, turning corporate social responsibility into a connection between generations.

One student taking part in the programme said: "We had already read all the books in the previous book boxes. When we opened the new one, there were so many exciting stories we had never seen before. Everyone also received the same new book, so we could read it together. We were so excited, reading and talking about the stories. Thank you for giving us such a wonderful gift."

"Guided by the philosophy of 'shared reading, circulating wisdom', Book Sharing Hub program, with public-interest delivery support from Hsinchu Transport, enables boxes of shared-reading books to circulate among schools and deliver the greatest possible reading impact," said Dr. Her Hong-Ching, CEO of the Taiwan Reading and Culture Foundation. "We are deeply grateful to USI-TW for its long-standing attention to rural education and its continued support of the Book Sharing Hub book donation program. In addition to generous funding that helps township book collections replace aging stock, the company has also supported a range of in-depth reading promotion activities. This not only enriches the variety of shared-reading books on campus, but also meaningfully eases the burden on schools of raising funds, allowing teachers and children to enjoy reading in a better environment. This long-term corporate commitment to education is a steady and far-reaching force. It helps reading take root at the foundation, and lets more rural children, through a single good book, see a wider world and a brighter future."

Brian Shih, Chief Financial Officer of USI-TW, said "The company's approach to reading-focused community initiatives went beyond providing resources. Building long-term impact is equally important." Brian continued "We believe reading is not only the starting point of education, but also a foundation for developing the talents of the future. Through sustained investment and employee participation, we hope children can discover a bigger world through books and develop the confidence and capabilities they need to face the future."

This year's programme also incorporates science and interdisciplinary learning, combining interactive experiences with hands-on classes. The aim is to encourage children to move from reading to exploration, while developing problem-solving skills and creative thinking that will be increasingly important in the future.

Since launching its "Book Sharing Hub" initiative, USI-TW has continued to provide book resources and work with schools to build a sustainable system for sharing reading materials. The approach is designed to give children in rural communities continued access to a diverse range of books and learning experiences. USI believed long-term and systematic investment was essential to creating meaningful and lasting change in education.

Looking ahead, USI-TW will continue to link its business development with its wider social impact under its 50th-anniversary theme, "Shine on Greatness." By bringing together reading education, employee participation and sustainability initiatives, the company aims to extend the reach of its community programmes and help keep the light of reading shining for the next generation.

ESENTIA will host a conference call on Thursday, October 29^th, 2026 at 11:00 a.m. EDT (9:00 a.m. CDMX) to discuss the results and outlook. Investors can register to attend the live conference call at https://us06web.zoom.us/webinar/register/WN_pdLwZnyTS7GhZ2IRmfpVEA. Upon registration, participants will receive a confirmation email with instructions for joining the conference.

The financial report, earnings presentation and audio replay of the earnings conference call will be available following the event at https://esentiaenergy.com/en/informacion-financiera-en/.

Visit www.esentiaenergy.com for more information.

"The investment journey has moved almost entirely onto our screens. People research companies on their phones, follow markets in real time and increasingly use AI to help them make sense of information. But learning, exchanging perspectives and building confidence remain very human experiences," said Gavin Chia, CEO of Longbridge Securities Singapore and Regional CEO. "That is the gap we wanted this space to address. It is not about recreating the brokerage branches of the past. It is about asking what a physical space can contribute to the investor of today."

Why open a physical investor space when investing has gone digital?

That is perhaps the most obvious question behind Longbridge Café.

Retail investing has become increasingly self-directed. Investors can access markets, company information, research and digital tools without visiting a physical location.

Artificial intelligence is accelerating that shift further.

Yet greater access to information has also created a different problem: investors are often confronted with too much of it.

Financial news, company announcements, analyst research, social media commentary and AI-generated answers can all compete for attention at once. That changes the role a physical space can play.

"Twenty years ago, investors often needed a physical branch because there were things they simply could not do themselves. Today, almost everything can be done digitally," Chia said."So if you create a physical space now, it has to earn its relevance in a completely different way. It should not exist because investors need somewhere to transact. It should exist because there is still value in learning together, exchanging views and making sense of markets with other people."

Longbridge Café is built around that premise.

Rather than positioning the venue as an alternative to digital investing, the space is intended to complement it — providing an environment for education, discussion and community around an increasingly digital investment journey.

Designed around how investors actually use a space

The investor-first thinking extends into the physical layout.

Different areas of the café have been organised to accommodate educational sessions, market discussions, smaller group conversations, technology discovery, individual work and informal meetings.

The aim is for these activities to coexist rather than separating "financial" and "lifestyle" experiences into different parts of the venue.

"We started with the investment community, not with the idea of opening a café," said Chia."We asked: if you were designing a physical space around investors today, what would they actually need? They may want to attend a discussion, sit down with friends to talk about markets, spend some time understanding a new technology, work for an hour between meetings, or simply have somewhere comfortable to think."

"That thinking shaped the space. The café element makes it more approachable, but investing and the investment community remain at the centre of the concept," he added.

The venue will host regular investor education sessions, market conversations, community activities and collaborations with external partners.

The objective is not simply to create footfall around the opening, but to build recurring reasons for investors to return.

Where Longbridge AI fits in

Technology discovery will also form part of the experience at Longbridge Café.

Visitors will be able to learn about tools including Longbridge AI and understand practical ways artificial intelligence can be used to work through market information and investment research.

Rather than presenting AI as a standalone attraction, Longbridge plans to use the space to make new investment technology more understandable in the context of how investors actually research markets.

The challenge, Chia said, has shifted from finding information to interpreting it.

"Investors today do not suffer from a lack of information. They suffer from an abundance of it," he said. "You can have earnings reports, financial data, analyst commentary, news and social media open at the same time. AI has the potential to help investors work through that complexity, but the goal should not simply be to produce more answers faster."

"The real value is helping people ask better questions, understand what matters and ultimately exercise better judgement. Technology should support the investor's thinking, not replace it."

That philosophy also informs how technology will feature within the café: primarily through learning, discovery and practical use cases rather than as technology for technology's sake.

Why coffee is part of the investment experience

The lifestyle element is intentional too.

Longbridge Café will serve pourover coffee with specialty beans, with particular attention given to the quality of the coffee and hospitality experience.

For Chia, that is not separate from the investor proposition.

"If we say that the investment community is at the heart of what we are building, then that commitment should be visible in every detail," he said."It should show up in the technology people use, the programmes we create, the way the space is organised and even the coffee we serve."

"We are bringing in high-quality coffee because the philosophy is the same: whether someone is interacting with us digitally or spending an hour in the café, we want the experience to feel considered. Quality should not stop at the screen."

The distinction is important.

The aim is not to turn investing into a lifestyle product, but to acknowledge that investing already sits alongside work, conversations, technology and everyday routines for many people.

A physical investor community space therefore has to work as a place people genuinely want to spend time in.

From a place people visit to a community people return to

The longer-term measure of success for Longbridge Café will not be opening-day attendance.

It will be whether investors continue to return.

Regular educational programmes, market discussions, technology discovery sessions and collaborations are intended to turn the venue into an ongoing gathering point for Singapore's retail investment community.

"Opening a space is the easy part. Building a community is much harder," said Chia. "If people come once because they are curious, that is a good start. But the real test is whether they come back because they learnt something useful, met someone interesting or found a conversation worth continuing."

"That is what we want Longbridge Café to become — not simply somewhere associated with an investment brand, but somewhere that is genuinely useful to the investment community."

The concept also reflects a wider question facing increasingly digital financial platforms.

If investors no longer need physical locations to transact, what should those spaces become?

For Longbridge Café, the answer is less about bringing digital investing back offline than creating something digital platforms cannot fully replicate: a physical environment for conversation, learning and community.

Investing may increasingly happen on a screen.

The investor experience does not have to end there.

What is Longbridge Café Singapore?

Longbridge Café Singapore is a community and lifestyle space designed around the needs and interests of retail investors. It is operated by Longbridge AI, an affiliate company of Longbridge Securities. It brings together investor education, market conversations, technology discovery, community programmes and a contemporary café environment.

Longbridge Café Singapore officially opens on 21 October 2026 at 5 Wallich St, #01-15 Guoco Tower, Singapore 078884 and is open from 8am to 6pm on weekdays, 10am - 6pm on weekends.

What can visitors do at Longbridge Café Singapore?

Visitors can use the café as an everyday meeting and work space, attend investor education and market-related programmes, participate in community activities and discover digital investment technologies including Longbridge AI.

The venue is designed around learning, discovery and community rather than functioning as a traditional financial branch.

At 2pm on Wednesday 28 October, DEKRA and CCS will present SAJ with the CEC certificates for the EK70 HS5 and EK90 HS5 on the stand, making SAJ the first brand listed under SA TS 5398. SAJ and DEKRA will also sign a strategic cooperation agreement covering safety, quality and compliance.

On the stand

• EK70 HS5 – the all-in-one home energy system, combining hybrid inverter, LFP battery and whole-home backup in one unit. Modular 6, 7 and 9 kWh battery blocks stack to suit the household.
• EK90 HS5 – the premium tier, with 12,000-cycle cells, nine-layer safety protection, edge AI and a 15-year warranty.
• B2S and H2 – modular storage and the latest from SAJ's residential range.
• elekeeper 5.0 – SAJ's energy management app, with AI-assisted design, five-minute app commissioning and remote diagnosis.
• C&I – SAJ's latest commercial and industrial solutions.

Live demonstrations of the EK70 HS5 and EK90 HS5, elekeeper 5.0 and the C&I range run at 10am on both days and again at 3pm on Wednesday.

Visitors can also play the claw machine on the stand throughout both days to win tennis balls signed by SAJ brand ambassador Alex de Minaur.

Beat Australia's Strongest Man of 2026 at Stand E01

At Stand E01, near the hall entrance, visitors can take on Bradman Houston, Australia's Strongest Man 2026, on the high striker. Bradman will be there each day. Anyone who beats his score wins!

Bradman recently partnered with SAJ and Sydney Solar & Electrical on a video series about lifting technique and fitness for solar installers, now on SAJ's Instagram.

SAJ across the floor

The SAJ range is also on show with the company's three national distribution partners, for stock, pricing and account conversations:

• One Stop Warehouse – Stand EE113, with the EK90 HS5 on display
• Supply Partners – Stand L135
• Tradezone – Stand S113

"All Energy is where the industry sees what's next, and for SAJ that's the EK70 HS5 and EK90 HS5," said Alan Li, the Sales Director of SAJ Electric Australia. "Installers told us they want one integrated system that's faster to install and that they can stand behind. Being the first brand listed under SA TS 5398 is the proof. We'd love installers to see both systems up close at Stand M143, and to try their luck against Bradman at E01 while they're there."

Visit SAJ

• Where: Stand M143 (Beat the Strongest Man at Stand E01), Melbourne Convention and Exhibition Centre
• When: Wednesday 28 – Thursday 29 October 2026
• More information:au.saj-electric.com

Held on October 23, the forum served as more than a moment to look back on the partnership – it provided a platform for young people to share stories of perseverance, aspiration, and kindness, bringing fresh energy to the road ahead.

At its heart was an open panel discussion where young people from different fields and backgrounds shared their own stories. Some have overcome physical disabilities to study, build careers, and become a source of support for others; some are young workers who left their hometowns for the city and contribute daily on factory production lines; others quietly live with purpose, serving their communities in everyday life.

These stories are drawn from the initiatives that the Central Committee of the Vietnam Youth Federation (CVYF) and TCP have nurtured together over the years, including the Worker Programme – Spreading Positive Energy; the Light of Vietnam Perseverance programme; the journey and awards of “The Noble Youth”; and Community Sports Yards – Energising Vietnamese Youth. Each story offers an authentic glimpse of Vietnam’s young generation today – resilient, ambitious, responsible, and always ready to act for their communities.

What makes the forum special is that young people are no longer seen as “beneficiaries” but as the protagonists of the conversation. Drawing on their own experiences, they raise very practical questions: what more can businesses, social organisations, and communities do so that every young person has the opportunities, resources, and connections they need to shine?

Each programme organised by the CVYF and TCP Group “energises” young people differently, but all share one destination: that no young person should have to walk their journey alone. Launched in 2020, “Light of Vietnam Perseverance” has honoured 287 young people with disabilities – people who have turned their limitations into motivation – and has given wings to 14 startup projects, helping them build sustainable livelihoods with their own hands.

The journey and awards of “The Noble Youth” have recognised 188 young people across many fields, from acts of courage and chivalry to quiet contributions to their communities, spreading the message that living nobly is never far away – it begins with small acts of kindness every day.

The “Young Workers’ Festival – Spreading Positive Energy” aims to stand alongside young people in industrial parks and export processing zones – enriching their cultural and spiritual lives while creating healthy and meaningful spaces for them to connect. The initiative has been held since 2023, travelling to 18 provinces and cities nationwide and welcoming more than 150,000 participants.

Each festival brings practical and meaningful activities: 51,500 young people have received health check-ups, health counselling, and gifts; 360 free and discounted booths have been set up; and more than 1,000 gift packages have been presented. Meanwhile, the “Community Sports Yards – Energising Vietnamese Youth” project, launched in 2024, will complete all 22 sports yards in 2026.

Photo: TCP Vietnam

The joint activities of the CVYF and TCP Group have resonated widely among members, young people, and society. To date, they have generated more than 70 million social media impressions and brought together nearly 100 units, organisations, and partners – a testament to what can be achieved when businesses, youth organisations, and communities work together for young people.

Nguyen Kim Quy, secretary of the Central Committee of the Ho Chi Minh Communist Youth Union and president of the Central Committee of the Vietnam Youth Federation, shared, “Over the past seven years, the partnership between the Central Committee of the Vietnam Youth Federation and TCP has shown the value of a steadfast, sincere, and long-term collaboration. From caring for the lives of young workers, supporting young people with disabilities, and honouring good deeds to creating more spaces for physical activity, these programmes have helped build an environment in which young people can develop holistically. What we value most is that the programmes go beyond support – they give young people the confidence and motivation to move forward on their own. We hope that in the next phase, this partnership will continue to be substantive and in-depth, and reach ever more young people across the country.”

This year holds special meaning for both partners: the Vietnam Youth Federation marks the 70th anniversary of its founding, and TCP Group is also marking 70 years since its founding in 1956. Founded in the same year and sharing the same belief in the power of youth, the two organisations are continuing their story with longer-term commitments.

In May 2026, TCP and the CVYF signed a cooperation agreement for the 2026-2028 period, opening a new chapter in their shared journey. The two sides will continue to focus on young people's most practical needs: caring for the lives of young workers; supporting disadvantaged youth and young people with disabilities; honouring young people who live positively and responsibly and contribute to society; and creating more spaces for young people to stay active and connect with their communities.

Saravoot Yoovidhya, CEO of TCP Group

Saravoot Yoovidhya, CEO of TCP Group, said, “70 years is a milestone for us to look back on the journey so far, but more importantly, to look ahead to the value TCP can continue to create in the future. Guided by our purpose – ‘Energising a Better World for All’ – we believe that TCP’s value lies not only in our products, but also in our ability to spread positive energy, unlock human potential, and stand alongside communities. Listening to the stories of young people today, I am even more convinced that Vietnam’s greatest source of energy is its people – above all, its young generation, full of perseverance and aspiration. Vietnam is a strategic market, and also a place where we wish to continue to strengthen, invest, and create lasting value together with young people.”

TCP extends youth development partnership with CVYF for 2026-2028 TCP Pharmaceutical Industries and the Vietnam Youth Federation have signed an MoU for the 2026–2028 period to support community activities for Vietnamese youth.

TCP Group reaffirms commitment to Thailand-Vietnam economic cooperation TCP Group has reaffirmed its commitment to strengthening Thailand-Vietnam economic cooperation through sustainable investment and community development initiatives.

TCP and Central Committee of the Vietnam Youth Federation empower youth through community sport yards Thailand's TCP Group and the Central Committee of the Vietnam Youth Federation continue to expand community sport yards across Vietnam.

Construction of Lotte Eco Smart City Thu Thiem recommenced on October 23. Photo: Phat Dat

Located in the functional sub-area 2A, Thu Thiem New Urban Area, the new financial hub of Ho Chi Minh City, the approximately 7.45 hectare site will be built with a large-scale, mixed-use urban complex integrating Grade A office towers and podiums for commercial, retail, service, accommodation, residential, and public spaces within a coordinated ecosystem, developed and operated in accordance with international urban planning and development standards.

Its projected investment of VND60 trillion ($2.31 billion) is nearly VND40 trillion ($1.54 billion) higher than the previously announced figure of more than VND20.1 trillion ($773 million).

According to Bui Quang Anh Vu, CEO of Phat Dat, for Phat Dat, what matters more than the project’s scale is responsibility to deliver a development worthy of its location.

Vu said that as a Vietnamese enterprise, Phat Dat brings to the project its understanding of the local market, project development experience, and execution capabilities.

“At the same time, we are proud to partner with Lotte, a group with strong investment resources, international experience, and extensive capabilities in urban development. We believe that combining international expertise with Vietnamese capabilities will provide a strong foundation for achieving our shared goal: making Lotte Eco Smart City Thu Thiem one of the landmark urban developments of Thu Thiem and Ho Chi Minh City,” said Vu.

“However, an iconic development cannot be defined by its scale or architecture alone. It must prove its worth through quality, timely delivery, functionality, the urban experience it offers, sustainability, and the lasting value it creates for the community. This is precisely what Phat Dat is committed to delivering through its participation in this project,” he added.

Nguyen Cong Vinh, Vice Chairman of Ho Chi Minh City People’s Committee, said that the city had consistently pursued its goal of becoming a civilised and modern metropolis, maintaining its role as a leading growth engine for the region and the country, and strengthening its position as an economic, financial and service hub for Southeast Asia.

“Under this strategic vision, the Thu Thiem New Urban Area has been identified as one of the city’s foremost new spaces for modern development. It is planned to become a centre for finance, commerce, services, culture and innovation, serving as a core driver of high-quality economic growth in the new development phase,” Vinh said.

The project is expected to create a smart, modern, and environmentally friendly urban complex that enhances the architectural landscape of the city centre, improves residents' quality of life, and makes Ho Chi Minh City more attractive to global investors.

“The city government highly values Lotte Group’s long-term commitment to investing in Ho Chi Minh City in a serious and responsible manner. The presence and success of South Korean businesses over the years have made positive contributions to the city’s socioeconomic development, while deepening the Comprehensive Strategic Partnership between Vietnam and South Korea and opening up broader opportunities for cooperation across various sectors. Ho Chi Minh City regards the South Korean business community as one of its key partners,” he said.

Lotte Eco Smart City Thu Thiem comprises six adjoining land plots planned as a mixed-use complex featuring office buildings, retail and service facilities, accommodation and residential units. The site is close to the central square and Thu Thiem Central Lake, with connections to the existing city centre via the Thu Thiem Tunnel and Ba Son Bridge.

The project is being developed by Lotte Properties HCMC Co., Ltd., with the participation of three Lotte Group subsidiaries consisting of Lotte Shopping, Hotel Lotte and Lotte Engineering & Construction, alongside Phat Dat Real Estate Development Corporation.

The project site is adjacent to Thu Thiem Central Square and Central Lake, with direct access to the Thu Thiem Tunnel and views across the Saigon River towards the city’s existing central business district.

In the capital contribution structure, Phat Dat holds 35 per cent equity interest in Lotte Properties Ho Chi Minh City, pursuant to Decision No.4102/QD-UBND, issued by Ho Chi Minh City People’s Committee. Phat Dat will co-develop three plots of the residential component with Lotte.

For the commercial and service component with office space on plots 2-1 and 2-3, Phat Dat is solely responsible for developing both high-rise towers, together with a podium comprising four floors of commercial and service space and basement levels, with a total gross floor area of approximately 220,000 square metres.

For the commercial component on plots 2-5, Lotte is solely responsible for developing the high-rise portions, together with a podium comprising four floors of commercial and service space and basement levels.

Lotte Eco Smart City was first studied in 1997, with an investment contract signed in 2017. The project held a groundbreaking ceremony in September 2022 but failed to proceed as planned due to legal hurdles, ownership structure issues among group subsidiaries and outstanding land-related financial obligations.

Ho Chi Minh City approved the project's land valuation at more than VND16.19 trillion ($622.7 million) in mid-2025, and Lotte and Phat Dat signed an investment cooperation agreement for co-developing the project in June.

Artist’s impression of the Lotte Eco Smart City Thu Thiem. Photo: Phat Dat

PDR sells projects to mobilise $400 million stake in Lotte Properties HCMC On June 11, Phat Dat Real Estate Development Corp. announced plans to seek shareholder approval via written consultation for several proposals, including a plan to acquire an equity stake in Lotte Properties HCMC with an estimated transaction value of VND10.4 trillion.

Lotte Group, Phat Dat sign agreement for Thu Thiem Eco Smart City Lotte Group and Phat Dat Real Estate have signed an investment cooperation agreement for the Lotte Eco Smart City Thu Thiem project.

Announced on October 23, the project in Quy Nhon, Gia Lai, marks the first France-Vietnam collaboration in quantum computing and will lead to the deployment of Vietnam's first quantum computer, with the support of Nam A Bank.

The long-term partnership, developed with Quanova, Quandela's strategic local partner in Vietnam, will provide Quang Trung University with a comprehensive platform for education, research, and innovation. Nam A Bank is supporting the initiative as part of its commitment to advanced technologies.

Vo Hoang Hai, deputy CEO of Nam A Bank, said, “Nam A Bank invests in core technologies, including quantum technology, to help build high-tech capabilities in Vietnam through strong and effective cooperation with French organisations.”

Marine Xech-Gaspa, director of Institutional Affairs and Public Policy at Quandela, said, “Quandela is very proud to see its strategic partnership with Quanova already materialise in the first France-Vietnam quantum computing project and the deployment of Vietnam’s first quantum computer. We sincerely thank Quang Trung University and Nam A Bank for their trust. Together, we are laying the foundations for a lasting quantum ecosystem that will support education, research, and innovation in Vietnam.”

The partnership and the deployment project were announced in Ho Chi Minh City on October 21, in the presence of representatives of the Centre for the Fourth Industrial Revolution.

Welcoming the announcement, Étienne Ranaivoson, Consul General of France in Ho Chi Minh City, said, “As part of the first French delegation dedicated to quantum technologies in Vietnam, I welcome Quandela’s commitment, which is enabling Vietnam to acquire its first quantum computer–a symbol of the trust uniting our two countries in the technologies of the future.”

The event highlighted the shared commitment of French and Vietnamese partners to develop sovereign capabilities in quantum technologies, education, and research.

Beyond the installation of MosaiQ, the partnership is designed to build lasting local expertise. The Quantum Innovator Residency Programme will bring together students, researchers, educators, and technology innovators around practical uses of quantum computing, while faculty training, dedicated curricula, and access to Quandela’s software environment will support the emergence of a new generation of quantum talent in Vietnam.

Rossy Nguyen Hoang Hong, CEO of Quanova, said, “To co-create new technologies, we must first build trusted partnerships and train the next generation. That is why we are developing the Quantum Innovator Residency Programme with Quandela, Quang Trung University, and Nam A Bank.”

Quantum technology targeted for long-term advantage Vietnam is developing quantum technology to participate in the global quantum value chain and gain a competitive edge for future sustainable development.

Quantum hackathon opens in Gia Lai to tackle social challenges Quantum technology is moving beyond fundamental research into practical applications across AI, cybersecurity, finance, logistics, energy, and healthcare, emerging as one of the world's most strategically competitive fields.

Summit launched to connect Asia’s quantum tech hubs On August 14, the National Innovation Centre (NIC) under the Ministry of Finance launched the Vietnam-Asia Quantum Summit 2026, marking the start of a programme with a main event scheduled for November.

The first session of the 2026 BPC Roundtable Conference discussed how international cooperation could address different obstacles facing startups and SMEs. Photo: VIR team

Lars Anke, chief representative of the Hamburg Liaison Office in China, identified the transition from startup to scale-up as a particular difficulty, even in established innovation ecosystems such as Germany and Europe.

“There are many people with good ideas who start their own startups, but it is really hard to scale up to a level of development where the company becomes economically sustainable without public funding or external funding. The underlying challenge was securing access to markets, rather than simply encouraging more businesses to launch,” Anke said.

According to Anke, Hamburg has sought to address this through an industry cluster approach, using established networks as platforms and incubators to help smaller companies develop commercial relationships and expand their operations.

“I think BPC and the BPC network can play an important role at a global level,” he said. “Such an approach could help emerging businesses navigate unfamiliar markets, including Vietnam, China, and Europe, by connecting them with relevant partners and resources.”

Drawing on the Philippines’ experience, Katrina Elaine C. Aguila, representing the Philippine Trade and Investment Centre in Ho Chi Minh City, highlighted Startup Week as an initiative designed to connect entrepreneurs with capacity-building organisations, rather than focusing exclusively on potential investors.

“This matches not necessarily investors, but capacity-building entities from government and the private or public sector, at the crucial stage of developing innovations, including the early, inception, and idea stages of technology,” she said.

The distinction reflects the different forms of assistance businesses require during their development. Early-stage entrepreneurs may need institutional guidance, specialist expertise, and access to relevant stakeholders before they are ready to seek commercial financing or enter overseas markets.

Aguila also pointed to cooperation between Manila and Ho Chi Minh City, where the Philippine Department of Trade and Industry provides a direct channel for private-sector participants seeking connections with regional governments and potential project partners.

For Ho Chi Minh City, developing these connections is part of a broader ambition to establish an innovation ecosystem capable of drawing on both domestic and international resources. The city’s proposed approach involves supporting enterprises throughout their development, from idea formation, incubation, and technology testing to commercialisation and market expansion.

Tran Trong Tuyen, deputy director of Ho Chi Minh City Department of Science and Technology, said the city needed to prepare its policy framework and human resources while creating suitable conditions for overseas partners to participate in local innovation activities.

“Ho Chi Minh City’s ecosystem needs the international community to help build the ecosystem together. There are opportunities for international organisations to work with Vietnamese universities, particularly in high-tech industries, while supporting the development of markets in Ho Chi Minh City and the wider region,” he added.

However, reaching new markets also requires SMEs to understand the standards imposed by prospective customers, particularly when joining international supply chains.

Shirley Ng, general manager of the International Competitiveness Division at Australian Industry Group, noted that smaller suppliers were increasingly expected to demonstrate compliance with sustainability requirements covering decarbonisation and the circular economy.

“SMEs need to understand and meet the compliance requirements set by larger companies to remain part of their supply chains,” Ng said.

Drawing on the organisation’s experience of serving 60,000 businesses annually, Ng highlighted the importance of helping smaller firms build the knowledge needed to respond to these expectations.

She suggested that BPC members could use organisational coordination, government involvement, and digital tools to share sustainability expertise across participating markets.

The implications are particularly relevant to Vietnamese enterprises seeking to become suppliers to overseas businesses, including Australian companies, as meeting international requirements forms part of maintaining access to those commercial relationships.

“It does not have to be done alone. At the BPC level, organisational coordination and government involvement can make us strong partners,” Shirley noted.

Established by Osaka City Government in 1988, the BPC network promotes economic cooperation, business exchanges, and international expansion opportunities for SMEs. It comprises Osaka and 14 partner cities across Asia-Pacific and beyond, with Hamburg becoming its newest member in 2019.

Held annually since 1990, the BPC Roundtable Conference brings together local authorities, trade promotion organisations, and businesses to exchange policies, experiences, and cooperation opportunities. The 2026 gathering marks its 35^th edition and Ho Chi Minh City's third time hosting the event, following 2002 and 2016. The city joined the network in May 1997.

The network is coordinated by the Osaka BPC Council, with the Osaka International Business Promotion Centre serving as its secretariat.

BPC Roundtable Conference 2026 to open in Ho Chi Minh City The 2026 Business Partner Cities (BPC) Roundtable Conference will be held in Ho Chi Minh City on October 23.

The approval from the China Securities Regulatory Commission (CSRC) covers Citigroup Securities (China) Co., Ltd., (CSCCL) allowing it to offer equities brokerage, securities underwriting, securities research, and principal trading services to domestic and foreign clients. Citi will complete all statutory and regulatory procedures required to establish the company and prepare for the commencement of operations, according to an announcement on October 23.

Headquartered in Shanghai, CSCCL represents Citi's latest commitment to deepening its onshore presence in China. The company will offer a comprehensive suite of onshore capital markets services to both domestic and foreign clients – including underwriting capital markets deals, equities brokerage providing direct access to China stock exchanges and other financial products, securities research and investment advisory, and trading of onshore listed shares, bonds, funds, and other financial instruments.

Jane Fraser, Citi chair and CEO, said, "Citi has been serving clients in China for nearly 125 years, and we appreciate the support from regulators to expand our offering in this important market. By adding onshore capabilities to our global platform, we will be able to do more for clients in China’s domestic capital markets, including helping them raise capital, access investors, and trade locally, while connecting them to opportunities around the world."

Citi has a long and distinguished history in China, having been among the first international banks to establish a local entity in the country, dating back to 1902. For well over a century, Citi has served as a trusted partner to Chinese clients pursuing growth opportunities and foreign multinationals seeking to access and navigate the Chinese market.

Citi serves 70 per cent of Fortune 500 companies operating in China, works with several hundred large local corporate and public sector clients through its Corporate & Investment Bank, and supports many more medium-sized enterprises through its Commercial Bank – underscoring the breadth and depth of its client franchise. CSCCL will support the onshore securities and trading activities of Citi’s sizeable corporate and institutional client base looking to access the Chinese capital markets.

As a top-tier global investment bank, Citi brings world-class capabilities in debt and equity underwriting, as well as cross-border mergers and acquisitions advisory. Citi has helped Chinese clients raise more than $40 billion year-to-date in global capital markets, reflecting its unmatched ability to connect Chinese issuers with investors around the world. The securities licence will allow Citi to deepen its service offering by underwriting capital markets deals onshore, complementing its existing offshore capabilities.

Wenjie Zhang, Citi China country officer and banking head, said, “We are honoured to receive this approval. The securities company will be an important part of Citi’s strategy in China. It will enrich and enhance our capabilities to serve clients. We will be focusing on building a high-calibre local team and leveraging our global network to support domestic capital market development.”

Citi and HDBank sign MoU to expand banking cooperation Citi and HDBank have signed an MoU to expand cooperation across a broad range of banking and financial services.

Citi honours 13 banks with 2025 STP Awards Citi Vietnam hosted its Financial Institutions Conference and STP Award in Ho Chi Minh City on October 13 and Hanoi on October 14, bringing together leaders and industry professionals from across Vietnam's financial sector to discuss developments in payments, liquidity management, trade finance, AI, data, and financial crime risk.

Citi set for record year across ASEAN Investment Banking A rise in artificial intelligence-related financings and an uptick in mergers and acquisitions across ASEAN has pushed deal volumes for Citi steeply higher across 2026.

The expanded collaboration builds on a longstanding relationship between DKSH and GNT in other markets, including Australia, New Zealand, and Japan. Leveraging DKSH’s extensive regional presence, deep industry expertise, strong customer network, and regulatory capabilities, GNT aims to strengthen its reach among food and beverage manufacturers in Vietnam and unlock new growth opportunities.

Photo: DKSH

Exberry is a registered trademark of GNT, which is a leading provider of plant-based colouring ingredients marketed under its globally recognised Exberry brand. The company provides natural colour solutions derived from non-GMO fruits, vegetables, and edible plants, enabling food and beverage manufacturers to create visually appealing products while meeting increasing consumer demand for clean-label, naturally sourced ingredients.

GNT’s natural colour portfolio is suitable for applications in beverages, bakery, confectionery, dairy, cereals, snacks, sauces, savoury, plant-based meat, seafood, and dairy, and helps manufacturers develop products that align with evolving market trends towards transparency, sustainability, and natural ingredients. The solutions are used across multiple categories, providing versatility, stability, ease-of-use, and strong sustainability credentials, allowing brands to achieve vibrant colours while maintaining a natural positioning.

Andreas Thiede, general manager at GNT Singapore Pte. Ltd., said, “Exberry colours allow manufacturers to deliver the natural and eye-catching products consumers want to see. DKSH is perfectly placed to help us meet the growing demand for natural ingredients in Vietnam thanks to its strong market presence and consistent track record. Together, we can deliver enhanced value for food and beverage brands throughout the country.”

Cesar Saez, vice president, Global Food and Beverage Ingredients, Performance Materials, DKSH, added, “We are delighted to further strengthen our partnership with GNT and support the growth of its Exberry natural colour solutions in Vietnam. As consumer demand for natural and clean-label products continues to increase, DKSH’s local market knowledge, regulatory expertise, sales excellence, innovation and formulation capabilities, and collaborative mindset will help bring innovative colouring solutions to food and beverage manufacturers across the market.”

Founded in 1978, GNT is a family-owned company pioneering plant-based, sustainable ingredients. Headquartered in Mierlo, the Netherlands, with offices across Europe, North America, Asia, and the Middle East, its family ownership provides stability and long-term commitment, enabling strategic decisions to future-proof supplies.

These include ambitious sustainability commitments to ensure the quality and availability of raw materials over the long term. Customer service is a key focus, with full support throughout every stage of product development, including concept innovation, colour selection and matching, stability testing, upscaling, regulatory matters, and quality documentation.

For more than 160 years, DKSH has been delivering growth for companies across Asia Pacific, Europe, and North America through its business units in Healthcare, Consumer Goods, Performance Materials, and Technology. As a market expansion services provider, DKSH offers sourcing, market insights, marketing and sales, e-commerce, distribution and logistics, and after-sales services.

A participant in the United Nations Global Compact, DKSH is listed on the SIX Swiss Exchange and operates in 35 markets with 26,840 specialists. Its Business Unit Performance Materials distributes specialty chemicals and ingredients for food, pharmaceutical, personal care, and industrial applications, supported by 55 innovation centres worldwide that create formulations compliant with local regulations.

The Ministry of Industry and Trade (MoIT), on October 18, announced the results of the selection of the unit to submit an application for a mining licence for iron ore at the Thach Khe mine.

Previously, on September 17, VinMetal Ha Tinh JSC submitted the application to the Department for Receiving and Returning Results of Administrative Procedures under the MoIT.

Based on the assessment results of the Department of Vietnam Geological and Mineral Resources, the ministry selected this business as the organisation to submit the application for a mining licence for iron ore at the mine

Located in the former Thach Ha district, now covering Thach Khe, Dong Tien and Thach Lac communes, the Thach Khe mine is considered Vietnam's largest iron ore deposit and one of the largest in Southeast Asia, with estimated reserves of about 544 million tonnes.

The mining and ore processing project was launched in 2008 under Thach Khe Iron JSC with a total investment of approximately VND14.5 trillion ($580 million).

Between 2008 and 2011, the company conducted technology trials and removed overburden at the site. However, in 2011, the project had to be temporarily suspended due to numerous obstacles related to technology, geological conditions, ore transportation methods, economic efficiency, and concerns about environmental impact. In early May 2026, the government requested that the project’s pending obstacles be resolved definitively this year.

Regarding VinMetal Ha Tinh Industrial JSC, it was established in May. Upon its establishment, VinMetal Production and Trading JSC, a Vingroup ecosystem enterprise, contributed $190 million, equivalent to 95 per cent of the charter capital. The remaining two shareholders are Nguyen Minh Hong and Dang Nhat Minh, each contributing VND125 billion, equivalent to 2.5 per cent of the charter capital.

In July, the company increased its charter capital to $360 million.

VinMetal Ha Tinh is a link in Vingroup's strategy to expand into the metallurgical sector. Previously, in October 2025, the group established VinMetal Production and Trading JSC with an initial charter capital of $400 million, and then increased it to $600 million.

This enterprise is currently developing a steel complex in Vung Ang Economic Zone, Ha Tinh province, with a total investment of approximately $3.2 billion. The project has a designed capacity of about six million tonnes of steel per year in the first phase, with a planned expansion to 20 million tonnes per year in the second phase.

Vingroup sets up $380 million steel company Vingroup announced the establishment of VinMetal JSC for Manufacturing and Trading on October 6, entering the metallurgy industry and expanding its existing industrial and technology pillar.

VinMetal partners with Primetals Technologies on large-scale steel complex VinMetal and the UK's Primetals Technologies signed an MoU on a strategic partnership to facilitate VinMetal's large-scale integrated steel complex in Ha Tinh province on May 7.

VinMetal plans to import one million tonnes of steel to serve production VinMetal plans to import nearly one million tonnes of scrap steel every year to supply its $3.2 billion steel complex in the central province of Ha Tinh.

Nguyen Loc Ha, Standing Vice Chairman of Ho Chi Minh City People’s Committee, at the BPC Roundtable Conference 2026. Photo: Ho Chi Minh City People's Committee

This was the third time Ho Chi Minh City had hosted the BPC Roundtable Conference, following previous editions in 2002 and 2016.

The event brought together representatives of local governments, trade promotion organisations and businesses from Osaka (Japan), Melbourne (Australia), Manila (the Philippines), Kuala Lumpur (Malaysia) and Hamburg (Germany), as well as the Australian Industry Group (Ai Group), one of Australia’s largest industry associations.

Ha said that rapid technological advances, supply chain restructuring and increasingly stringent green development standards had reshaped the global landscape over the past decade.

“Cities now face the dual challenge of sustaining economic growth and optimising resources while leading digital and green transitions, cutting emissions and reshaping urban spaces to improve residents’ overall quality of life,” Ha said.

Ha stressed that the 2026 BPC Roundtable Conference should go beyond simply sharing experiences. It should move from exchanging experiences to identifying practical approaches, from discussing ideas to mobilising resources, and from connecting resources to developing cooperation programmes that can be implemented after the conference.

“Innovation and sustainable development are two complementary pillars, he said. Innovation drives green growth, while sustainability requirements provide practical challenges that push innovation to deliver deeper, more meaningful results,” he added.

Regarding the city’s strategic direction, Ha said its expanding urban boundaries and increasingly diversified economic structure were creating opportunities to better integrate financial services and science and technology with major growth centres in large-scale industry, clean energy and international seaport logistics.

The city is turning its potential into new growth drivers through smart governance models, green development and efforts to enhance its overall competitiveness.

Providing an update on the local economy, Ha said Ho Chi Minh City’s regional GDP grew by 9.06 per cent in the first nine months, while its industrial production index rose by 10.9 per cent. The city has also been implementing greenhouse gas inventories, transitioning to green buses and participating in the carbon market.

Since the 2025 BPC Conference, Ho Chi Minh City has conducted greenhouse gas inventories at 360 facilities, of which 240 have developed emissions reduction plans for 2026–2030. Around 68 per cent of the city’s buses now run on electricity or other green energy, with the city targeting 100 per cent by early 2027. Rooftop solar power capacity has reached 1,865.7 MWp.

The city also highlighted the challenges facing small and medium-sized enterprises (small- and medium-sized enterprises), including transition costs, limited capacity to measure and report emissions, difficulties accessing green finance, and compliance with the EU’s Carbon Border Adjustment Mechanism requirements for exports.

Ho Chi Minh City to unveil new projects worth $13.5 billion at AEF 2026 Ho Chi Minh City is expected to announce at least 12 investment projects with a combined value of more than $13.5 billion at the Autumn Economic Forum 2026.

BPC Roundtable Conference 2026 to open in Ho Chi Minh City The 2026 Business Partner Cities (BPC) Roundtable Conference will be held in Ho Chi Minh City on October 23.

Ho Chi Minh City offers interest rate support to businesses Ho Chi Minh City has introduced practical interest rate support programmes to help businesses address funding challenges as they modernise production and pursue sustainable development.

Designed with multi-generational families and modern leisure seekers in mind, this beachfront resort will combine premium design accommodation, all-inclusive dining, extensive leisure and wellness facilities, and dedicated pet-friendly stays. Conveniently situated just 10 minutes from Cam Ranh International Airport, the resort will feature 802 contemporary rooms, suites, pool villas, and pavilions, with 265 accommodations opening in its initial phase.

The opening marks the latest step in Meliá Hotels International’s continued expansion in Vietnam, as the group grows its presence across both established and emerging leisure destinations.

Manuel Ferriol, general manager of Meliá Serenity Cam Ranh Beach Resort, said, “Cam Ranh is emerging as one of the region’s most exciting beachfront destinations, and we see a real opportunity to introduce a resort experience where family holds a truly special importance. Meliá was born in Spain, and our Mediterranean heritage has always been about a smiley welcome, a warm attentive service, areas and experiences that bring people together, and allow them to enjoy every moment of their stay.

“With an all-inclusive approach at the heart of the resort, we want to make holidays feel easier, effortless, and deeply connected. However, we also recognise that relaxation looks different for everyone. That is why the resort balances this family-first philosophy with dedicated areas and sophisticated accommodations designed for other travellers, such as couples and adult companions seeking a quieter, more customised coastal escape at their own pace”.

Meliá Serenity Cam Ranh Beach Resort has been specially designed to cater families and larger multi-generational groups, as well as couples.

Parents, children, and their extended families can stay together in a collection of different accommodation. Young and modern families can enjoy beautifully designed beachside Pavilions, featuring open-plan living areas that invite relaxation and connection. For larger groups, three-, four-, or five-bedroom Pool Villas will offer private pools and family entertainment including PlayStations, board games, karaoke, and pool volleyball, alongside tailored in-villa experiences such as family barbecues.

Across the resort’s three ocean-themed towers – Mare, Vela, and Navi – a choice of large, light-filled rooms and suites provide state-of-the-art amenities, floor-to-ceiling windows, and balconies with views of the mountains or ocean.

Families will also have access to the resort’s swimming pools – some of the largest in Cam Ranh – including a 1,194 square metres lagoon-style family pool and a 990 sq.m crescent-shaped infinity pool directly on the beach.

Children and teenagers (up to 17 years old) will have dedicated spaces at KIDSDOM and a TEENS CLUB including access to a boat-themed Watersplash Pool, plus a programme of activities designed for play, creativity, and shared family experiences.

Guests of all ages will also be able to take part in dedicated activities throughout their stay, such as yoga, cardio boxing, and pétanque by day, and outdoor cinema, live music, and DJ chill sessions after dark.

Meliá Serenity Cam Ranh Beach Resort also offers very comprehensive services to guests travelling with dogs and cats. Under the Pet-Friendly by Meliá concept, pet-friendly stays include a welcome pack, pet beds, feeding bowls, treats, and toys, as well as access to a dedicated beachfront pet area.

Couples and adult guests can also retreat to a world of relaxation designed entirely for them. From design-led one-bedroom Pavilions with private pools to exclusive spaces dedicated to wellbeing and quiet moments, guests can unwind at The Level adults-only pool, stay active at the state-of-the-art fitness centre, or retreat to YHI Spa, where private treatment cabins and rejuvenating rituals invite them to recharge and slow-down.

Meliá Serenity Cam Ranh Beach Resort’s All-Inclusive Dining experience will give guests greater flexibility throughout their stay, with dining and selected beverages available across all restaurants and bars, alongside welcome minibar refreshments and discounts on selected seasonal promotions.

Eight dining and drinking venues will open as part of the resort’s first phase, spanning local, Asian, and international cuisines.

Mosaico, the resort’s all-day dining restaurant, will serve Vietnamese, Asian, and Western dishes, while Cape Nao will bring Spanish and Mediterranean flavours to Cam Ranh. Canalla will offer a lively take on Mexican cuisine with tacos and tequila, while Breeza will focus on flame-grilled meats and seafood in a relaxed beachside setting.

Guests will also be able to visit Elyxr for coffee and pastries, Gaia for poolside drinks, Dolcelato for home-made ice cream, and rooftop venue Hanryu for Korean-inspired food and cocktails.

Photo: Meliá Serenity Cam Ranh Beach Resort

Wellness seekers can achieve complete renewal at Meliá Serenity Cam Ranh Beach Resort.

YHI Spa is a haven of tranquillity where all generations can enjoy a range of treatments and rituals that harness traditional wisdom and advanced technology. By combining chronotherapy, aromatherapy, and olfactory treatments, the resort strives to enhance wellbeing at an emotional level.

For active travellers, facilities include full-size tennis and pickleball courts, and a fitness centre. Guests will also be able to take part in water sports or enjoy the resort’s beachfront setting at a slower pace.

For guests seeking an exclusive sanctuary, The Level offers privacy and personalised comfort, with bespoke services and breathtaking ocean vistas.

Those staying in the resort’s premium accommodation will enjoy dedicated check-in and check-out, access to The Level Lounge with complimentary refreshments and afternoon cocktails, and the opportunity to unwind at The Level Pool – an oasis of relaxation.

All-inclusive rates start from $270 per night for two adults, with taxes and service charges included.

Sol by Melia Phu Quoc partners with Cocoon Vietnam for 'Endless Summer' campaign This summer 2025, Sol by Melia Phu Quoc is delighted to partner with Cocoon Vietnam, a leading Vietnamese vegan skincare brand, to launch the “Endless Summer” campaign – a special gift experience for resort guests during the upcoming holiday season.

Meliá and Tanzanite expand Ho Tram resort with new Indochine project Meliá Hotels International and Tanzanite International on May 18 signed a management agreement for The Indochine at Meliá Ho Tram, marking a major expansion of Meliá Ho Tram Beach Resort in southern Vietnam.

Meliá Hotels International expands in Vietnam with first Meliá Collection hotel Following the signing of Ocaria Retreat Mui Ne, Member of Meliá Collection, Ignacio Martin, area managing director for Asia Pacific at Meliá Hotels International, spoke with VIR's Thanh Van about the group's expansion strategy in Vietnam.

Photo: congthuong.vn

Le Hoang Tai, deputy director general of the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade (MoIT), highlighted the growing convergence of traditional distribution networks and digital commerce platforms. The expansion of cross-border e-commerce and social media is reshaping shopping habits, requiring businesses to innovate flexibly to maintain and strengthen their competitiveness.

“Relying on a single sales channel is no longer appropriate. Businesses need to connect physical stores with online shops, expand customer touchpoints, and improve operational efficiency to ensure stable outlets for their products,” he said.

However, many businesses, particularly small and medium-sized enterprises (SMEs), continue to face difficulties in building integrated technology systems, managing customer data, organising logistics, and developing effective sales strategies.

Alongside businesses’ own efforts to innovate, Tai said, coordination among state management agencies, industry associations, and digital platforms was needed to provide market information, strengthen technology adoption, and facilitate both online and offline business connections.

Assessing the impact of digital transformation on business operations, Bui Quang Tuan, vice chairman of the Vietnam Economic Association, said businesses should view digitalisation as a driver of competitiveness rather than focus solely on increasing online sales.

Diversifying sales channels is important for risk management, enabling businesses to reduce their dependence on any single market or platform.

“When one channel is disrupted, others can help maintain production and business operations. Expanding a digital presence is therefore effective only when accompanied by the ability to balance revenue streams, control costs, and ensure profitability,” he said.

Citing a survey of 1,300 businesses presented at the workshop, Tuan identified several major barriers to digital transformation. Around 60 per cent of respondents reported high technology investment costs, while 45 per cent struggled with a lack of in-house personnel and 38 per cent cited limited leadership commitment or understanding.

Other challenges included inadequate infrastructure, limited access to technology information, and difficulties in changing established business practices and corporate culture.

“These findings show that investing in technology does not automatically translate into improved business performance. A company may open multiple online shops without reaching additional customers, reduce its reliance on traditional intermediaries only to become dependent on a single digital platform, or increase revenue while management costs remain excessively high,” Tuan said.

To address these challenges, he called on businesses to strengthen their internal digital transformation capabilities, train digital commerce personnel, and integrate data systems. They should also develop integrated distribution channels, digital branding, digital logistics, and cross-border e-commerce.

Building a shared-service ecosystem and strengthening cooperation among the government, industry associations, research institutes, universities, and businesses would also be important to supporting this transition.

Nguyen Ngoc Tam, deputy chief of office of the Agency for Domestic Market Surveillance and Development under the MoIT, cautioned that presence across multiple distribution channels did not necessarily guarantee sustainable sales.

“A high-quality agricultural product with attractive packaging, a traceability code, and exposure at trade fairs, supermarkets, or e-commerce platforms may still struggle to maintain its market presence if supply is inconsistent, inventory is not updated, transport costs are high, and repeat orders are lacking,” she said.

According to Tam, distribution should be viewed as an integrated network connecting traditional markets, supermarkets, convenience stores, agents, digital platforms, and delivery services. The priority should not simply be to increase the number of sales outlets, but to improve market access, control distribution costs, ensure timely replenishment, and retain customers.

She also emphasised the need to move beyond short-term business-matching activities towards long-term supply relationships. The effectiveness of business connections should be monitored after 30, 60, and 90 days, based on orders generated, the ability to meet required standards, and progress in resolving issues related to pricing, packaging, transport, and payment.

For small-scale producers and products under the One Commune, One Product programme, shared services for collection, storage, and transportation could help reduce market access costs while enabling suppliers to better meet requirements for product specifications and delivery schedules.

Bui Ba Nghiem, senior expert at the MoIT’s Agency of Foreign Trade, said Vietnam's merchandise exports reached approximately $434 billion in the first nine months of 2026, up 24.5 per cent on-year.

However, foreign-invested enterprises continued to account for around 80 per cent of total export turnover, while domestic enterprises contributed approximately $83.89 billion.

“This highlights the need to strengthen the export capabilities of domestic businesses while deepening their links with foreign-invested enterprise supply chains to expand opportunities to participate in international markets,” he said.

Amid geopolitical volatility and rising transportation costs affecting global trade, diversifying export markets and distribution channels would also help businesses improve their resilience and adaptability, Nghiem added.

Central Group plans additional $1.5 billion investment in Vietnam

SCG opens first SCG Home retail destination in Hanoi

AEON accelerates Vietnam expansion with four malls in 2026

Vietnamese retailers make strong debut in Asia's Top 100 ranking

According to an announcement on October 20, the two companies signed an MoU on a strategic partnership in October 2025, and through this investment they will establish a capital relationship and further strengthen their collaboration.

The plant-based beverage market is expected to expand worldwide, driven by growing health and environmental awareness. Southeast Asia in particular is expected to see strong market growth in the coming years, and competitiveness there depends on access to raw material production areas, product development capabilities, and manufacturing systems that can respond to consumer needs in each country.

ECONUTI’s strengths lie in its location, which offers easy access to Vietnam’s abundant agricultural resources such as cashew nuts and coconuts, and in its ODM capabilities, covering everything from product development tailored to customer needs through to manufacturing.

The company is also expanding its sales channels in Europe, North America, and Asia, and has steadily strengthened its earnings base, achieving higher revenue and profit again in 2024. OC Global decided to make this investment in recognition of ECONUTI’s competitive advantages and future growth potential.

Through this investment, OC Global aims to combine the expertise it has built up in agricultural development with ECONUTI’s manufacturing and product development capabilities to create a new business model that covers the entire chain from agricultural production to processing, product development, and sales.

Going forward, the two companies will pursue the expansion of the ODM business, the development of an in-house plant-based beverage brand, the production and processing of high-value-added agricultural products in collaboration with Japanese companies, and the development of overseas sales channels, with the aim of increasing the earnings and corporate value of both companies.

OC Global will contribute to the development of sustainable industries in the region and to a stable food supply for Japan through its agricultural business.

Beanstalk AgTech launches Monsoon Ventures for Southeast Asian agtech push Beanstalk AgTech has launched Monsoon Ventures, a new venture studio targeting Vietnam and five other Southeast Asian markets to commercialise agtech solutions.

Beacon Fund invests in Vipep to strengthen Vietnam's agricultural value chain Beacon Fund on September 15 announced an investment in Viet Pepper JSC, a Vietnamese producer and processor of natural and organic spices.

Australia and Vietnam deepen economic cooperation Australia and Vietnam have agreed to strengthen cooperation across education, trade and innovation, to enhance the Comprehensive Strategic Partnership between the two countries.

To prepare for the opening of three new stores in October and November 2026, AEON Vietnam organised mass recruitment events in Haiphong on July 18, Thanh Hoa on August 1, and Quang Ninh on August 22, attracting thousands of candidates. The openings require staff across multiple functions and levels, from frontline retail positions to management roles, including team leaders, shift leaders and supervisors.

Mass Recruitment Days for AEON Hai Duong, AEON Thanh Hoa and AEON Halong attracted thousands of candidates. Photo: AEON

Recruitment for part-time positions will continue through the end of the year to meet staffing needs during the peak shopping season leading up to Lunar New Year.

The expansion is expected to create more employment opportunities in northern Vietnam, enabling local workers to pursue career progression without having to relocate to major cities. The company is also seeking to develop employees’ skills and provide clearer pathways for advancement within the organisation.

AEON Vietnam’s people development strategy is built around three pillars: sustainable career development, working environment, and business. Employees can choose between two career paths. The general path allows them to gain experience across different functions through internal mobility and job rotation, while the professional path focuses on developing deeper expertise in a specific area.

The company has also established a succession management framework that brings together human resources business partners, practical capability development teams and the AEON Academy training system.

AEON Vietnam builds a stable workplace where employees can grow their careers with confidence. Photo: AEON

Its training programmes are tailored to different career levels, ranging from specialised retail training to management development courses organised by AEON Group, including the Junior Management Programme (JMP), Basic Management Programme, and New Management Programme. The framework is designed to help employees progress from entry-level store positions to direct management and senior leadership roles.

Alongside career development, AEON Vietnam provides healthcare and employee wellbeing initiatives, lifestyle support and flexible working arrangements tailored to different functions and business units. The company also promotes two-way communication through regular updates on business strategies and channels for employee feedback.

Its diversity, equity and inclusion initiatives aim to support an inclusive working environment in which employees can develop their capabilities and pursue long-term careers.

AEON Vietnam has been recognised at the HR Asia Awards for seven consecutive years, according to the company, and has received recognition in the DEI category for two consecutive years. It also ranks among the “Best Companies to Work for in Vietnam - Retail/Wholesale/Trading.”

More than 200 employees have worked for the company for over 10 years, reflecting its focus on employee retention and long-term career development.

AEON exits Thailand’s supermarket business, focuses on Vietnam

AEON accelerates expansion with 10th shopping centre in Vietnam

AEON continues Vietnam expansion with two new malls

AEON accelerates Vietnam expansion with four malls in 2026

AEON Ekiden marks five years of connection

AEON to open 13th general merchandise store in Vietnam