Spanning an area of 461,000 square metres at Kim Bang 1 Industrial Park, Ninh Binh province, the AVC factory has a production capacity of more than 84 million products per year, equivalent to over 3.1 million tonnes of products.

The factory will focus on producing server cooling components such as cooling fans, heatsinks, cooling pads, water cooling systems, and other components like server cases, hinges, guide rails, surface mounts, and quick connectors.

The factory is expected to begin operations before January 2027. Once operating stably, it is expected to generate jobs for approximately 20,000 workers, contributing to increasing income for residents and boosting labour restructuring in the area.

Previously, in 2020, AVC invested in the AVC 1 factory in Ninh Binh's Dong Van 3 IP, with a total area of ​​over 200,000 sq.m and a total investment of $400 million.

After many years of stable operation, the AVC 1 plant achieved positive results, with revenue reaching $1.1 billion in 2025 and creating stable jobs for more than 12,000 workers.

Upon completion of the project, the company's total investment in Vietnam is expected to reach approximately $1 billion, making a significant contribution to the development of human resources and the regional economy, while aiming to become one of the world's largest manufacturers of heat dissipation equipment.

Speaking at the groundbreaking ceremony, Nguyen Mai Thuan, deputy head of Ninh Binh Economic Zones Management Authority, requested the investor to focus resources, mobilise reputable partners, accelerate progress, ensure quality, and adhere to the approved planning and design.

During the implementation and operation phases, investors must strictly comply with regulations and standards regarding environmental protection, investment and construction, labour, and fire safety.

Victory Giant Technology to develop $400 million electronics components factory in Bac Ninh Victory Giant Technology (HuiZhou) Co.,Ltd, a China-based company, has decided to build a $400 million electronic component factory in VSIP Bac Ninh II in the northern province of Bac Ninh.

Electronics drive Vietnam’s trade growth as exports hit record in 2025 Vietnam's electronics exports boomed in 2025, bringing in nearly $165 billion, with computers, electronics, and components surpassing the $100 billion mark for the first time to become the main driver of trade growth.

Yeebo fully withdraws from Suzhou QingYue board The company has exited all financial and operational involvement with Suzhou QingYue, ending its participation in the board.

Lite-On Technology to inject additional $149 million into Vietnam Taiwanese electronics maker Lite-On Technology plans to inject an additional $149 million into its wholly owned subsidiaries in Vietnam to expand production capacity and strengthen its manufacturing footprint.

Arrow Electronics addresses rising autonomous mobile robot demand in southeast Asia Arrow Electronics will host technical seminars in Singapore and Bangkok to address rising demand for autonomous mobile robots in Southeast Asia with system-level solutions.

Electronics and machinery drive Vietnam’s export growth in Q1 Vietnam’s exports surged 19.1 per cent on-year in the first quarter, driven by machinery, equipment and electronic products.

The meeting took place against the backdrop of National Assembly Resolution No.27/2026/QH16 on the medium-term public investment plan for 2026-2030, signed in early May.

This sets out a framework for public investment as a key double-digit growth driver, with total state capital deployment reaching around $312 billion over the period and development investment making up roughly 40 per cent of that figure.

“To secure the financing needed for public investment, the Ministry of Finance hopes the World Bank will provide effective capital support through two channels: traditional project loans and direct budget support lending paired with technical assistance,” Minister Tuan said.

The World Bank’s Development Policy Financing instrument, one of its three financing instruments offered, provides rapidly disbursing, non-earmarked financing that goes directly into the state budget rather than being tied to a specific project.

According to the bank documents, it is specifically designed to support policy and institutional framework reforms, which include strengthening public financial management, improving the investment climate, addressing delays to service delivery, diversifying the economy, and supporting climate action.

Mariam J. Sherman, World Bank’s country director for Vietnam, Cambodia, and Laos, highlighted the importance of establishing a clear roadmap to effectively deploy these financial resources, asserting that the World Bank will have financing solutions at a higher level, as Vietnam is now in a different position with recent structural reforms introduced.

“Looking at the next five-year plan, the total capital World Bank expects to provide is around $11 billion, sitting within Vietnam’s broader official development assistance framework for massive public investment programmes. The World Bank is ready to meet this need, but closer coordination is required to strategically identify areas with the greatest transformative impact,” Sherman said.

The bank stands ready to offer International Bank for Reconstruction and Development loan products with maturities of 15 to 50 years, targeting transport infrastructure, including roads and railways, urban development, water management, and high-technology workforce training.

Regarding subsequent loans, Minister Tuan expressed strong agreement with the World Bank’s proposal, emphasising the need to thoroughly discuss the project portfolio to ensure feasibility and guarantee that the scale of the loans is large enough to create a spillover effect.

Minister Tuan requested that technical teams from the two sides carefully calculate overall borrowing costs to ensure they remain at a level the economy can sustain.

“Going forward, capital deployment will focus on three main areas: firstly, logistics infrastructure, particularly roads and railways; secondly, power infrastructure to sustain growth; and thirdly, climate change adaptation schemes,” Minister Tuan said. “We are working hard to cut red tape and amend Vietnam’s project receipt procedures to align with international standards.”

Finance ministry proposes lower tax rate for micro and small enterprises To support micro and small enterprises to accumulate capital and develop business, the Ministry of Finance (MoF) has proposed lowering the corporate income tax rate to 15-17 per cent for those with a total revenue of no more than 50 billion VND (1.99 million USD), instead of the current flat rate of 20 per cent.

Finance ministry urges SOEs to lead tech drive for growth Chairing a conference on March 19 to outline priorities for the months ahead, Minister Nguyen Van Thang underscored the pivotal role of state-owned enterprises under the Ministry of Finance’s purview.

Finance ministry to remove bottlenecks for private businesses The Ministry of Finance is rushing to review and evaluate the implementation of legal documents to eliminate unnecessary business conditions, overlapping regulations, and inappropriate provisions that hinder the development of private enterprises.

The talks focused on the progress of capital commitments for proposed projects, appraisal delays, and KEXIM Bank’s future funding priorities. Both sides also agreed to propose holding a Vietnam-South Korea official development assistance (ODA) policy dialogue by late June.

Phuong noted that while the South Korean government has been a vital partner through the Economic Development Cooperation Fund (EDCF), which is South Korea’s primary concessional lending mechanism for developing economies, the preparation of new projects is currently facing obstacles.

The MoF has submitted notes requesting official pledges for several domestically approved projects, but has yet to receive a response.

These delays are affecting mid-term public investment plans for local authorities. Notable pending projects include a $32.45 million road connecting Tuyen Quang city to My Lam mineral spring, a $174 million project for three bridges on Route DT.827E in Tay Ninh province, and a $211 million coastal road linking Ben Tre, Tien Giang, and Tra Vinh.

Pointing to the $2 billion Economic Development Promotion Facility framework agreement signed for 2024 to 2030, Phuong expressed confidence in the comprehensive strategic partnership between the two nations to resolve current difficulties.

In response, Wooyoung explained that recent internal political changes in South Korea had caused some delays in lending policies and capital commitments.

For projects already approved by Vietnam, KEXIM Bank is currently reviewing pre-feasibility studies and will soon notify relevant agencies to proceed with the next steps. Choi also confirmed the bank would propose the policy dialogue to the South Korean Ministry of Economy and Finance to establish future funding directions.

The Export-Import Bank of Korea, known as KEXIM Bank, is a South Korean state-owned policy bank established to support overseas economic development and trade finance. Since the two countries established diplomatic ties in 1992, South Korea has channelled billions of dollars into Vietnamese infrastructure through the EDCF, covering transport, water supply, and urban development schemes.

Ministry of Finance tightens fiscal discipline amid global pressures Facing mounting inflation, trade and investment pressures, the Ministry of Finance is stepping up institutional reforms, tightening fiscal discipline and accelerating policy action to safeguard growth momentum and macroeconomic stability.

Finance ministry to remove bottlenecks for private businesses The Ministry of Finance is rushing to review and evaluate the implementation of legal documents to eliminate unnecessary business conditions, overlapping regulations, and inappropriate provisions that hinder the development of private enterprises.

Ministry of Finance and ADB push for efficiency in foreign-funded projects The Ministry of Finance and Asian Development Bank (ADB) are stepping up coordination with central localities to accelerate project implementation, improve foreign loan utilisation, and mobilise financing for green and climate-resilient infrastructure.

The agreement – announced on May 21 – will see the two sides increase exchanges, share experience, and explore cooperation opportunities in line with their respective strengths, needs, and development orientations.

For Petrovietnam, cooperation with Vitol is aligned with its orientation to expand activities into regional and international markets, including in investment and commercial trading. With its market experience, sourcing capabilities, logistics capacity and global flow management, Vitol can complement Petrovietnam in accessing new business models, enhancing market capabilities and expanding opportunities in the energy sector.

Under the cooperation framework, the two sides will discuss business structures in crude oil, petroleum products, and liquefied natural gas in international markets and in Vietnam; explore opportunities to develop oil and gas infrastructure; and identify potential cooperation in projects supporting decarbonisation, sustainable development, and verified emission reductions.

Petrovietnam and Vitol will also share international trading experience and knowledge of the broader hydrocarbon value chain, helping to enhance Petrovietnam's market access capabilities, expand its international connectivity, and support Vietnam's objectives of ensuring energy security and socioeconomic development.

Vitol is a global energy and commodities company that produces, manages, and delivers energy and commodities to consumers and industry worldwide. In addition to its primary trading business, Vitol has invested more than $13 billion in long-term infrastructure assets globally. Its customers include national oil companies, multinationals, leading industrial companies, and utilities.

Petrovietnam Gas awards first multi‑year LNG deal to Shell PV Gas has signed its first multi‑year LNG supply contract, a five‑year agreement with Shell delivering about 400,000 tonnes per year to the Thi Vai terminal from 2027 through 2031.

Oil and gas sector sees renewed momentum Robust profit growth across the value chain, accelerating major projects and supportive policies are driving a strong rally in oil and gas stocks, with expectations of further upside in 2026.

EVN and PV GAS agree to supply LNG for Quang Trach power plants Vietnam Electricity (EVN) and Petrovietnam Gas (PV GAS) signed a framework agreement on the supply of liquefied natural gas (LNG) from the Vung Ang LNG terminal in Ha Tinh to the Quang Trach II and III power plants on April 3 in Hanoi.

According to FiinGroup, Vietnam’s export value reached $122.9 billion in the first quarter of 2026, up 19.1 per cent from a year ago. About 27,000 businesses have engaged in export activities, a 3.2 per cent increase on-year.

Foreign-invested enterprises (FIEs) continue to dominate the export landscape, accounting for a 74.4 per cent share of export value, up 2.2 per cent from a year earlier.

Among the top 10 export items, electronic products take the lead with $41.2 million, representing 34.5 per cent of the total export value.

Machinery and equipment come in second with $22 billion or 18.4 per cent of the total. It is followed by textiles and garments ($8.6 billion), footwear ($5.4 billion), as well as wood and wood products ($5 billion).

Other key export commodities are plastics ($3.2 billion), coffee ($2.8 billion), seafood ($2.6 billion), confectionery and cereal-based products ($2.3 billion), as well as base materials and products ($2.3 billion).

Electronics and machinery make up for half of the total quarterly export value, with the United States, Europe, and China the three key leading markets, together accounting for nearly two-thirds of export value.

By market, the US continues to be Vietnam's largest export partner, accounting for 31.7 per cent of total export value. The EU ranks second with 14.5 per cent, followed by China with 13.5 per cent. South Korea and Japan account for 6.6 per cent and 5.8 per cent, respectively.

Vietnam’s export value to the US reached $37.85 billion in the first quarter, an increase of 21.3 per cent against last year. Of this, the machinery and equipment secured the top spot with an export value of $10.53 billion, soaring 88.7 per cent. Next is electronic products with $10.24 billion, down 4.4 per cent.

FiinGroup noted nearly 90 per cent growth in export value of machinery and equipment to the US market, surpassing electronic products to become the leading category in total export value.

Conversely, the Middle Eastern market showed signs of decline. Vietnam’s export value to the region reached approximately $2.8 billion, down 1.7 per cent on-year.

Electronic products remained the largest export category to the Middle East, valued at $1.43 billion, down 4 per cent. Several other items also saw significant declines, such as fruits and vegetables (down 30.5 per cent), footwear (down 16.6 per cent), and confectionery and cereal products (down 10.4 per cent).

However, many sectors recorded positive growth, such as chemical products (up 177.4 per cent), base metals and products (up 187.1 per cent), and plastic products (up 27 per cent).

In terms of exporting businesses, South Korean companies rank first with an export value of $33.5 billion, making up for 27.9 per cent of the total export value. Vietnamese businesses followed closely behind with $30.6 billion, equivalent to 25.6 per cent.

One key finding is that 28 per cent share of FIEs' export value is contributed by South Korean companies. A 35 per cent share of FIEs' export value is contributed by Chinese, Taiwanese, and Hong Kong enterprises.

GEVA boosts Vietnam’s green export push Against the backdrop of increasingly stringent international market requirements regarding quality, traceability, and sustainability standards, strengthening the capacity of Vietnamese enterprises and supporting their access to green export markets has become a critical priority.

US wheat sees rising demand in Vietnam Vietnam is emerging as a promising market for US wheat farmers, driven by steadily rising domestic demand.

HSBC and EFA support Nutifood with VND800bn bridge HSBC Vietnam on May 18 announced a five-year VND800 billion ($31 million) financing facility for Nutifood Nutrition Food JSC to fund construction of a pedestrian bridge across the Saigon River in Ho Chi Minh City, backed by a 90 per cent guarantee from Export Finance Australia (EFA).

On May 21, the Department of Taxation held a conference, “Tax Reform in the Digital Era: From Global Trends to Vietnam’s Action Strategy.” The event aimed to identify challenges, assess existing gaps and explore opportunities for innovation in building a modern, transparent and internationally compatible tax system.

Director general of Taxation Mai Xuan Thanh said the successful rollout of the nationwide e-invoice system and the operation of the eTax Mobile platform marked important milestones in the digitalisation of Vietnam’s tax administration. However, he warned that stopping at the current level of reform could leave the tax sector lagging behind the rapid transformation of global tax governance models.

Citing studies by the OECD, Deloitte and EY, Thanh noted that by 2025, around 86 per cent of countries worldwide were transitioning towards a “Tax Administration 3.0” model, where tax calculation and management are conducted almost in real time through digital data systems.

Meanwhile, more than 82 per cent of large global corporations are restructuring operations to meet growing requirements for data transparency and ESG-driven development standards. At the same time, many countries are accelerating the implementation of the global minimum tax (GMT), carbon taxes and integrated tax models designed for the digital economy.

“Although the tax sector is managing an enormous volume of e-invoice data, there remains a situation where raw data is abundant while analytical intelligence is still lacking,” Thanh said. “Management thinking that relies heavily on manual post-audit methods will no longer be suitable when businesses and the broader economy are operating on digital and real-time data platforms.”

Against this backdrop, the tax chief called on departments and units across the sector to engage in substantive and action-oriented discussions.

First, he stressed the need to confront reality and accurately assess the existing gaps. Vietnam’s tax administration model, he said, must be directly benchmarked against international practices and global tax development trends.

Second, he urged frank and practical debate focused on core issues, avoiding superficial consensus. “We must be willing to identify loopholes and weaknesses in current processes to find effective solutions,” he said.

Third, all discussions must ultimately lead to concrete action. Whether it concerns the GMT, Carbon Border Adjustment Mechanisms or Embedded Tax models, a central question remains over how Vietnam’s tax authority should proceed.

During the conference, tax officials and experts presented a range of topics, including the roadmap for adjusting tax incentive policies and carbon taxes; practical experiences on the GMT; reforming international tax dispute resolution; integrated tax ecosystems; data-driven tax audits; transfer pricing risk management; and oversight of digital platforms.

Discussions also focused heavily on tax data governance, the application of AI in monitoring related-party transactions and cross-border financial flows, transparency for multinational corporations’ tax reporting, as well as challenges in attracting and developing high-quality IT talent.

The director general reiterated that digital transformation should not be viewed merely as a technological upgrade, but as a comprehensive restructuring of tax governance itself.

He pointed out that every modern tax governance trend emerging globally must ultimately be translated into solutions suited to Vietnam’s practical conditions, ensuring not only effective state management, but also greater convenience for taxpayers and a more transparent business environment.

Thanh called on tax authorities to continue studying international tax governance trends, while proposing innovative solutions and expanding the use of big data, AI and digital technologies throughout the entire tax process.

Tax sector eyes 20 per cent GDP revenue mobilisation in 2026-2030 The Finance Ministry has tasked the tax sector with boosting budget revenue mobilisation, expanding taxation in the digital economy and accelerating smart tax administration reforms for 2026-2030.

Tax circular amendments aim to ease import-export procedures The Ministry of Finance is accelerating reforms to modernise import-export tax administration, expand digitalisation, and create a more transparent regulatory framework.

Ministry of Finance finalises land use tax report after delegate request The Ministry of Finance has accelerated a study into a unified property tax framework to curb market speculation and align the nation’s fiscal policy with international standards.

The deputy minister expressed appreciation for the visit by representatives of Argor Capital, major investment institutions, sovereign wealth funds and family offices representing prominent business families from Europe, Australia, Singapore and across ASEAN.

He said that the visit reflected growing international confidence in Vietnam’s investment climate, innovation ecosystem and startup landscape.

The MoF is actively coordinating the implementation of proactive and flexible fiscal measures aimed at supporting high and sustainable economic growth. Key priorities include improving the investment environment, enhancing transparency in financial markets and streamlining administrative procedures to attract high-quality private and foreign capital.

He also outlined the major policy shifts the Vietnamese government has been introducing to strengthen the country’s ability to attract FDI.

Deputy Minister Tam said that Vietnam would continue building a transparent, stable and fair legal framework for both domestic and foreign investors. The National Assembly recently passed the 2025 Law on Investment, introducing reforms aligned with international practices while encouraging stronger decentralisation and delegation of authority to create a more open and business-friendly environment.

At the same time, the MoF is reviewing 30 years of FDI policies in preparation for a new Politburo resolution that is expected to introduce more competitive mechanisms tailored to an evolving global context.

Vietnam is also developing a National One-Stop Information Portal for foreign investment, allowing investors to submit a single set of digital documents through one centralised platform.

The deputy minister stressed that the MoF strongly supports initiatives that foster innovation, viewing them as a long-term growth driver for the economy. The ministry is currently studying and refining financial policies to support the digital economy, including tax incentives for R&D, technology investment and startups.

He noted that the MoF fully recognises the importance of enabling greater participation by private capital, venture capital and international investors in Vietnam’s financial market and startup ecosystem. The ministry is coordinating with relevant agencies to review and remove legal bottlenecks while establishing a more open framework for venture capital and foreign investment funds.

He assigned the National Innovation Centre as the focal point for cooperation with Argor Capital and the investor delegation, helping connect them with Vietnam’s domestic startup and innovation ecosystem while facilitating deeper access to investment opportunities in the country.

At the same time, he encouraged Argor Capital and members of the delegation to continue expanding investment in Vietnamese startups and innovation-driven enterprises, contributing to the development of the country’s technology ecosystem, digital transformation and long-term economic competitiveness.

The deputy minister also expressed hope that Argor Capital would actively share international experience and work closely with Vietnamese agencies through investment forums and promotion activities to showcase Vietnam’s investment environment and opportunities to the global investor community.

Siddharth Pisharody said he appreciated the discussions on Vietnam’s strategy to achieve double-digit growth in the coming years, the role of the finance sector and fiscal policies in supporting that goal, as well as measures to unlock capital flows for the digital economy and Vietnam’s startup ecosystem.

The discussions also covered the MoF’s actions to position science, technology and innovation as key growth drivers for the economy, with a particular focus on opportunities for international investors, stable high-potential sectors and exit opportunities.

Headquartered in Singapore, Argor Capital is a venture capital fund currently managing approximately $400 million on behalf of global investors. Its three core markets are Indonesia, Vietnam and the Philippines.

Smart cities, factories critical to national competitiveness Smart cities and smart factories are emerging as critical foundations for national competitiveness as global competition increasingly hinges on control of data, digital infrastructure, and core technologies.

VIPC Summit 2026 to connect global investors with strategic tech sectors As the country accelerates growth, the Vietnam Innovation and Private Capital Summit 2026 is expected to serve as a key platform connecting global investors with the nation's evolving technology ecosystem.

VinaCapital to co-lead Ho Chi Minh City's new $19.2 million venture fund VinaCapital has been selected to co-lead the establishment of Ho Chi Minh City's new venture capital fund, a public-private initiative aimed at strengthening the city's startup and innovation ecosystem.

Covering an area of 55,553 square metres with a floor area of up to 26,167 sq.m, the new facility adopts advanced logistics technologies and Lotte’s exclusive distribution expertise.

The centre specialises in storing and distributing a wide range of goods, from fresh produce to high-value products. Located in Dong Nai city – a key transportation hub in the south, the centre boasts convenient connectivity for domestic transportation as well as import-export activities.

The facility offers a “one-stop” comprehensive logistics service, ranging from import/export to warehousing, transportation, and delivery. The centre is positioned as a key logistics and distribution facility in the Southern region in the future.

Since its inception in Vietnam in 2008, Lotte Global Logistics has opened three branches in Hanoi, Ho Chi Minh City, and Long An. The company offers integrated logistics services, including forwarding, warehousing, and domestic transportation.

In March, Lotte Global Logistics and Tan Long Group signed an MoU on cooperation in agriculture and food logistics. The two sides agreed to enhance the cold chain supply in Vietnam, optimise local systems and infrastructure, and explore new business areas to strengthen their competitiveness in Vietnam’s logistics and distribution market.

A representative from Lotte Global Logistics said, “Leveraging the Dong Nai Cold Chain Centre, we will continue to scale up our network nationwide towards the goal of becoming the leading logistics company in Vietnam.”

Lotte Global Logistics inks MoU with Tan Long Group to enhance agriculture and food logistics Lotte Global Logistics and Tan Long Group signed an MoU on cooperation in agriculture and food logistics on March 23.

Delo Group, VIMC sign deal to develop Russia-Vietnam maritime transport Russia's Delo Group and Vietnam Maritime Corporation signed an MoU on the sidelines of the Vietnam-Russia Business Forum in Moscow on March 24.

Nippon Express expands air cargo handling capability in Vietnam Nippon Express Vietnam, under Japan's Nippon Express Holdings, is stepping up its air cargo handling capabilities with the launch of a new facility in Hanoi.

The move was highlighted at a meeting on May 21 between Minister, Chairman of the Government Office Dang Xuan Phong and Mariam J. Sherman, World Bank division director for Vietnam, Cambodia, and Lao PDR.

Minister, Chairman Phong lauded the close cooperation between Vietnam and the World Bank over the past, especially support in terms of funding, policy advice, and reports and recommendations for Vietnam's macroeconomic situation.

“The Vietnamese government is taking drastic measures to ease administrative procedures, improve investment and business environment, and remove obstructions in public investment. Efforts are also made to maintain macroeconomic stability, especially in price management, monetary policy, and exchange rates. The government continues to complete the institutional framework,” he said. “Vietnam’s goal of sustaining high economic growth in the coming years will require continued efforts to improve the business and investment environment, strengthen institutions, and boost public investment. Vietnam hopes to continue receiving World Bank support in priority areas, including transport infrastructure, clean energy, climate resilience in the Mekong Delta, science and technology, innovation, and digital transformation.”

Vietnam sets a target of double-digit GDP growth in the next five years. Regarding the medium-term public investment plan for 2026-2030, projected total capital is approximately $328.8 billion, covering a wide range of proposed projects. Besides the need for capital, Vietnam particularly requires support from the World Bank in policy advice, technical assistance, and international experience sharing.

In response, Sherman said she appreciated the Government Office’s advisory and coordinating role, as well as its function as an effective bridge between Vietnamese ministries and agencies and the World Bank.

She also called for continued supporting efforts to address impediments during project preparation and implementation, particularly for key projects related to resilient infrastructure, transport, and sustainable fisheries.

“The World Bank is committed to continuing its partnership with Vietnam in the country’s next phase of development through financing, global knowledge, policy advice, and international experience sharing, helping investments deliver practical and more effective results more quickly,” she said.

Both sides agreed to maintain regular exchanges and establish firm timelines to jointly address challenges, ensure implementation, and accelerate progress of key programmes.

World Bank forecasts Vietnam GDP growth of 6.3 per cent The World Bank Group’s April 8 EAP Economic Update forecasts Vietnam is expected to grow by 6.3 per cent in 2026, supported by strong public and private investment, and sustained FDI inflows.

Vietnam recognised among top performers in World Bank human capital index Vietnam has been recognised by the World Bank as one of the top performers on the Human Capital Index Plus 2026.

World Bank projects Vietnam’s growth to moderate to 6.8 per cent in 2026 While headwinds are expected to temper the pace of expansion, World Bank's latest Vietnam Economic Update, released on May 15, projects growth will moderate to a 6.8 per cent in 2026, following an 8 per cent expansion in 2025.

With a total planned area of more than 2,300 ha, KNIC is positioned to become one of Vietnam's leading high-tech industrial hubs. The project aims to develop a next-generation industrial ecosystem aligned with international standards.

The opening ceremony was attended by senior executives of KN Holdings, representatives from Nippon Koei as the project's design consultant, construction contractors Delta Vietnam and Thanh Nguyen Phat, supervision consultant TTAD, more than 100 domestic and international investment promotion partners, and engineers and workers directly involved in the venture.

Representatives from the developer, contractors, and partners mark the start of KNIC Nam Long Thanh Industrial Park phase one construction

The project has now completed all of its key legal procedures, including investment policy approval, 1/2000-scale zoning plan approval, environmental impact assessment, land lease decision, and approval of the feasibility study report.

Immediately following the ceremony, major infrastructure components such as land levelling, transportation systems, water supply and drainage systems, power infrastructure, and the management office building will be simultaneously deployed.

According to the schedule, the core infrastructure is expected to be completed and ready for handover to secondary investors for factory construction by the fourth quarter. Between June 2026 and 2027, the project is also expected to commence and put into operation its Intelligent Operations Centre, worker accommodation areas, and various on-site amenities.

Nguyen Tuan Anh, deputy CEO of KN Holdings, explained that the objective is to attract manufacturers to build factories and to create a sustainable industrial ecosystem that meets the most stringent international standards, where businesses can confidently pursue long-term growth.

“KNIC Nam Long Thanh Industrial Park is being developed on the foundation of synchronised infrastructure, with the ambition of capturing both domestic and international investment flows, particularly in industries requiring high operational standards and a stable business environment,” Anh said.

Located within Vietnam’s southern key economic region, KNIC Nam Long Thanh also benefits from strong logistics advantages, enabling businesses to optimise costs and integrate more effectively into global supply chains.

KNIC Nam Long Thanh Industrial Park benefits from strong multimodal connectivity, located around 5km from Long Thanh International Airport, it boasts access to key transportation corridors across Vietnam’s southern economic region. This strategic location facilitates the movement of experts, business executives, and high-value goods.

In terms of road connectivity, the industrial park is linked to major transport arteries including expressways of Ho Chi Minh City – Long Thanh – Dau Giay; Bien Hoa – Vung Tau; Ben Luc – Long Thanh; National Highway 51; Bau Can Road, DT25B, and DT25C connecting directly to Long Thanh Airport.

Meanwhile, ongoing and planned infrastructure projects such as the expansion of the Ho Chi Minh City – Long Thanh – Dau Giay Expressway, DT770B, Ring Road 4, Road 769E, DT773, and National Highway 51C are expected to further strengthen connectivity between Dong Nai and neighbouring economic hubs including Ho Chi Minh City, former Binh Duong and Ba Ria-Vung Tau.

Regarding waterway connectivity, the development will have access to Phuoc An Port, the Cai Mep – Thi Vai Port Complex, and Cat Lai Port, creating additional advantages for import-export businesses seeking to optimise logistics costs and integrate more effectively into global supply chains.

A rendering of KNIC Nam Long Thanh Industrial Park

Beyond its location advantages, KNIC Nam Long Thanh is being developed with a strong emphasis on modern and sustainable infrastructure. The internal road network features widths ranging from 28 to 60 metres, designed to accommodate heavy trucks and container transportation efficiently.

The industrial park is also planned with a power supply system comprising three 110kV substations with a combined capacity of 378MW, alongside plans to develop 600MW of rooftop solar power and an approximately 60MW battery energy storage system.

Regarding water infrastructure, the park will include two independent water supply plants with a total capacity of 60,000 cu.m per day, as well as two wastewater treatment plants applying SBR technology with a combined treatment capacity of 50,000 cu.m per day.

The project is targeting a water reuse ratio of approximately 25 per cent, aligning with green operation requirements and environmental, social, and governance standards increasingly adopted by international manufacturing companies.

With this infrastructure foundation, KNIC Nam Long Thanh Industrial Park aims to attract high value-added foreign-invested projects in sectors such as electronics, aerospace supporting industries, chips and semiconductors, data centres, precision engineering, automation, smart logistics, and other environmentally friendly industries.

Together with KNIC Dong Long Thanh, KNIC Nam Long Thanh forms part of the industrial infrastructure ecosystem being developed by KN Holdings in Dong Nai, contributing to the expansion of large-scale industrial land supply and creating a stronger foundation to entice next-generation inflows of overseas investment to the province.

Corporations contribute to building modern industrial country The biggest corporations in the country raised practical suggestions at a meeting with the prime minister on solutions of the country's socioeconomic development on September 21.

KN Holdings signs clean energy pact with Samsung C&T Vietnamese conglomerate KN Holdings has signed an MoU with Samsung C&T to develop three floating solar power projects totalling 864MW, marking a major step in Vietnam–Korea energy cooperation and the country's green transition ambitions.

KoCham and KN Holdings strengthen cooperation on eco-industrial parks The Korean Chamber of Commerce in Vietnam (KoCham) and KN Holdings Group on January 16 signed an MoU on cooperation in industrial park investment and development in Dong Nai province.

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• Magnetic Crawling Robot for corrosion inspection of pipeline: Developed by HKPC in collaboration with the Electrical and Mechanical Services Department (EMSD), it leverages AI-assisted visual inspection to detect internal and external pipe corrosion, enabling predictive maintenance.
• Autonomous Air-ground Cooperative Tunnel Inspector: The system was jointly developed by HKPC, the Civil Engineering and Development Department (CEDD), and Hyder-Meinhardt Joint Venture, integrated with AI, robotics, and millimetre-level positioning in GPS-denied environments for quality inspection and maintenance in the Trunk Road T2 and Cha Kwo Ling Tunnel project.
• StationInspector: Co-developed by HKPC and MTR Corporation, it features AI-enhanced 3D visual scanning, advanced sensors and deep learning to accurately identify risks, navigate autonomously, generate reports and provide predictive maintenance recommendations, efficiently detecting safety hazards in stations.

In addition, HKPC's self-developed open AI platform "HKPC Picasso" integrates a variety of standardised core AI modules. Enterprises can quickly deploy vision inspection, large language model (LLM) and other capabilities without building infrastructure from scratch, achieving efficient and internationally compliant intelligent transformation. This helps enterprises overcome integration challenges, cost concerns, and security risks in AI adoption.

The "Innovating Public Services, Driving the AI Transformation" stream focuses on AI applications in Government processes, medical diagnostics and data analysis to enhance public service efficiency and risk management capabilities. The event invites speakers from the Digital Policy Office, Hong Kong Generative AI Research & Development Centre and Cyberport to explore how AI infrastructure empowers public services. Industry leaders including Alibaba Cloud, Huawei, Intertek and Shadow Bot also join HKPC experts to share insights on smart governance, data governance and automated approval. Key solutions cover AI-enabled digital public service platforms, AI healthcare applications, and smart systems for data security and leakage prevention, demonstrating how AI improves the quality and security of public services.

The "FutureSkills: AI Training for ALL" stream aims to cultivate AI talent and prepare the workforce for future challenges. In recent years, the HKSAR Government has actively promoted territory-wide AI training and enhanced AI literacy. In response, HKPC Academy has launched the "Future Skills with AI" Framework to support the "AI for All" initiative. Through professional training programmes and certification covering AI knowledge, technology applications, business management and growth mindset, the framework comprehensively enhances the future workplace competitiveness of working professionals, technology practitioners, business leaders, educators and families.The themed forum, "Enabling the Human + AI Workforce", explores in depth the evolving workplace ecosystem driven by human-AI collaboration, as well as strategies for organisational transformation and leadership action. A series of AI training workshops and expert sharing sessions further cover topics such as Vibe Coding for workplace empowerment, the new era of precision administration, human-machine collaboration, and AI-driven education.

Furthermore, HKPC signed Memoranda of Understanding with numerous schools and educational organisations, including the Subsidized Primary Schools Council, The Association of Hong Kong Chinese Middle Schools, Hong Kong Subsidized Secondary Schools Council, Hong Kong Aided Primary School Heads Association, Catholic Diocese of Hong Kong, The Hong Kong Association for Computer Education, and Hong Kong Federation of Education Workers TechEd Centre , to jointly promote AI education. The AI education programmes are expected to reach over 500 primary and secondary schools across Hong Kong, fostering future digital talent and strengthening the translation of industry-academia outcomes into real-world impact.

1. Kevin CHOI, JP, Permanent Secretary for Innovation, Technology and Industry of the HKSAR Government, attends the opening ceremony of the "AI with HKPC" Smart Solutions Showcase Series, supporting the integration of AI into industries and the "AI for All" programme.
2. Mohamed BUTT, MH, Executive Director of the HKPC, encourages enterprises to actively adopt AI to enhance productivity, product quality and operational efficiency at the opening ceremony.
3. Officiating guests and industry representatives take a group photo to witness the success of the "AI with HKPC" Smart Solutions Showcase Series Returns.
4. The showcase features nearly 50 AI solutions and on-site demonstrations, presenting the practical application of AI across various industries and offering actionable transformation pathways for enterprises and organisations.

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For more information, please visit HKPC's website: www.hkpc.org/en.

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

Website: https://www.synology.com/en-sg

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

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

• 36 slide lanes, from heart-pounding drops to family-friendly twists, the most in Phuket.
• Southeast Asia's longest lazy river- 550 metres of pure relaxation winding through tropical scenery.
• A 10,000m² wave pool- generating waves up to 3 metres high. Prepare to get knocked off your feet.
• Private cabanas & water villas- with air conditioning and restrooms, for those who like their downtime in style.
• Dedicated kids' zones- with lifeguards and age-appropriate splash areas, so the little ones have their own adventure.

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

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

The panel was moderated by Minh Ngo, Citi's country officer and banking head for Vietnam, and featured Helmi Arman, Citi's economist for Vietnam and Indonesia; Thuan Nguyen, executive chairman of FiinGroup and FiinRatings; and Binh Nguyen, CEO of REE Corp.

Minh Ngo, country officer and banking head for Vietnam, Citi

"Vietnam's upgrade story is about index classification and the deeper transformation of the economy, the capital markets, and the investment environment," said Minh Ngo, Citi's country officer and banking head for Vietnam.

"The upgrade is an important recognition of progress, but the bigger opportunity is how Vietnam continues to strengthen transparency, market infrastructure, corporate governance, and execution capacity to sustain long-term growth," she noted.

Helmi Arman provided a regional and macroeconomic perspective, framing Vietnam’s growth story within broader ASEAN trends, global supply-chain shifts, currency dynamics, and investor sentiment.

Other speakers explored the evolution of capital markets and credit transparency, as well as the role of infrastructure, energy, and private-sector investment in Vietnam’s next phase of growth.

“As international investors have a closer look, Vietnam will need to continue demonstrating consistency, transparency and reform momentum. Citi is committed to supporting clients as they navigate this transition and connect Vietnam more deeply with regional and global capital flows,” said Minh Ngo.

Vietnam has become one of Asia’s most closely watched markets, supported by manufacturing growth, supply-chain diversification, rising domestic consumption and ongoing capital-market reform.

As one of the world’s most global financial institutions, Citi plays an active role in connecting Vietnam with international investors, multinational corporates and cross-border capital flows.

Citi’s Vietnam franchise supports clients across banking, markets, services, helping international companies invest in Vietnam and Vietnamese companies expand across global corridors.

The Vietnam panel at Citi’s Pan Asia Conference underscored the country’s growing strategic importance in the region and the increasing focus of global investors on its next stage of development.

Citi Investor Day outlines clear path for next growth phase Citi has outlined a clear path for its next phase of growth, supported by stronger returns, disciplined execution, client-led growth, and the strength of its global network.

Citi entering next phase of AI integration Arc, Citi’s AI agent platform, allows developers to build and scale AI agents that will be used across the firm responsibly.

Citi celebrates Asian Heritage Month Citi is celebrating Asian Heritage Month by recognising the rich histories, cultures, innovation, and contributions of Asian colleagues, communities, and allies across its global network.

Corporate activity inevitably interacts with the social and economic environment in which it operates. Employment practices influence the wellbeing of families, supply chains shape livelihoods across local economies, and technological ecosystems affect how younger generations access education, information and employment opportunities.

These dynamics mean that the long-term strength of an economy, and the sustainability of businesses operating within it, depends in part on the development of future talent. Companies that adopt a long-term strategic perspective therefore tend to view investments in education, skills and youth development as closely aligned with broader economic resilience.

Many of these impacts are not immediately visible in day-to-day business performance. Why is it important for companies to recognise and address them early?

From a business leadership point of view, many risks do not appear suddenly; they build gradually through everyday operational decisions.

When companies look carefully at their value chain, they can see how workplace conditions affect employees and their families, how supply-chain practices influence communities, and how technology shapes the way younger generations access education and opportunities.

As a CEO, I believe responsible management requires paying attention to these signals early. Addressing potential risks before they escalate allows companies to maintain trust with partners, employees and society. In the long term, this approach contributes to more resilient operations and a stronger foundation for sustainable growth.

Strengthening the connection between education systems and labour markets contributes to employment opportunities for young people. Photo credit: UNICEF Vietnam

How does this long-term perspective translate into the way Omoda & Jaecoo approaches its presence and engagement in Vietnam?

Our approach to social engagement is closely aligned with our long-term business strategy.

Omoda & Jaecoo is building a long-term presence in Vietnam through investments in manufacturing, technology and distribution networks. Alongside these investments, we also consider how businesses can contribute to the development of human capital.

Education and workforce readiness are particularly relevant in this context. A capable and adaptable workforce supports innovation, productivity and sustainable economic growth.

Initiatives that strengthen future skills therefore align naturally with the long-term interests of companies operating in a fast-changing economy. That’s why Omoda & Jaecoo, as part of Chery Group, has partnered with UNICEF Vietnam in a three-year partnership.

Through this collaboration, Omoda & Jaecoo’s contribution will enable UNICEF Vietnam to respond to persistent education challenges, including the digital divide, skills mismatches between education and the labour market needs, and growing concerns around adolescent mental health and wellbeing. 

What considerations led Omoda & Jaecoo to partner with UNICEF?

The partnership builds on the broader global partnership between CHERY Group and UNICEF focused on education and youth development.

In Vietnam, we saw an opportunity to contribute to programmes addressing challenges related to digital capability, school-to-work transition and youth wellbeing. These issues are becoming relevant as economies undergo rapid technological change.

UNICEF has in-depth experience working with governments and education systems, as well as a strong understanding of how programmes can reach children and adolescents across different communities. From a corporate standpoint, partnering with an organisation that has this level of expertise helps ensure that contributions are connected to long-term development priorities.

Omoda & Jaecoo partners with UNICEF Vietnam to equip children and youth with future-ready skills through inclusive education. Photo credit: UNICEF Vietnam

The partnership places a strong focus on future skills and youth development. Why are these areas becoming relevant for businesses today?

Global labour markets are evolving quickly due to technological innovation, digitalisation and the transition towards greener industries.

These changes are reshaping the skills required in many sectors. Digital literacy, problem-solving, adaptability and cross-disciplinary capabilities are increasingly valued by employers.

Many companies also observe gaps between educational outcomes and workforce needs. Strengthening the connection between education systems and labour markets therefore contributes to economic competitiveness as well as employment opportunities for young people.

Through our partnership with UNICEF Vietnam, we support initiatives that expand access to digital, green and transferable skills, helping young people prepare for the demands of a rapidly evolving economy.

As a company driven by smart technologies and innovation, what role can Omoda & Jaecoo play in strengthening the connection between education and workforce readiness?

Innovation-driven companies can contribute valuable perspectives on emerging technologies and workforce requirements.

Industries that operate at the frontier of technological development have insights into the skills that will be required in future sectors. Sharing these insights with education systems can help strengthen the alignment between training initiatives and labour-market needs.

Technology can also expand access to learning resources and support new models of education. Collaboration with organisations such as UNICEF provides an opportunity to apply technological capabilities within programmes designed to strengthen skills development and future employability.

How does this focus on human capital development align with Omoda & Jaecoo’s long-term strategy in Vietnam?

Vietnam represents a crucial market within our regional development strategy. Our approach, summarised by the principle ‘In Vietnam, For Vietnam’, reflects our intention to build a sustainable presence in the country through manufacturing investment, technology development and collaboration with local partners.

Human capital development is closely linked to this long-term perspective. A skilled workforce supports innovation capacity and economic dynamism. Engagement in initiatives that strengthen education and future skills therefore contributes to the broader environment in which businesses operate and grow.

Looking ahead, how do you see the role of businesses evolving in addressing broader challenges such as workforce readiness, digital inclusion and sustainable growth?

The role of business in society continues to evolve as expectations around responsible governance increase. Companies today contribute capabilities that include technological innovation, operational expertise and global networks. These capabilities can support collaborative initiatives addressing complex challenges such as workforce readiness, digital inclusion and sustainable growth.

Partnerships between businesses, governments and international organisations create opportunities to scale programmes that support education, skills development and economic inclusion.

From a long-term perspective, investment in young people contributes to stronger labour markets, resilient communities and sustainable economic development. These outcomes ultimately support a stable and productive environment for business.

Vietnam prioritises women shaping the future of science, technology, and innovation: Official National Assembly (NA) Vice Chairwoman Nguyen Thi Thanh reaffirmed that Vietnam remains firmly committed to promoting gender equality and empowering women at a meeting in Hanoi on March 4 with Caroline Nyamayemombe, UN Women Representative in Vietnam, and Michaela Bauer, UNICEF Deputy Representative in Vietnam.

Embassy of Japan, IOM and UNICEF visit typhoon-hit communities in Cao Bang Japanese Ambassador to Vietnam Ito Naoki, and representatives from the Embassy of Japan, the International Organization for Migration (IOM) and the United Nations Children’s Fund (UNICEF) have concluded a visit to Cao Bang province highlighting the achievements and progress of relief efforts funded by the government of Japan.

Kimberly-Clark and UNICEF strengthen child and maternal healthcare Kimberly-Clark Vietnam and UNICEF renew partnership with a $2.05 million commitment to expand essential care for mothers, newborns, and girls nationwide.

During her visit to Johannesburg (May 10 to13) (Johannesburg time), Ms Lee engaged with a diverse range of leading enterprises and industry bodies. Discussions focused on how Hong Kong's robust business environment can empower African enterprises to effectively manage and scale their expanding Asian operations.

Ms Lee also met with local chambers of commerce and government investment agencies to explore new avenues for collaboration. She highlighted that Africa is one of the InvestHK's key markets, as many African enterprises are now looking to diversify their funding sources and simplify cross-border transactions through Hong Kong's deep capital markets and unique connectivity with Chinese Mainland.

Ms Lee said, "Africa has emerged as a vital engine of growth within the Global South. Our journey of thousands of miles to Africa begins with a meaningful step. For African corporates looking for a trusted and strategic partner to expand into the Chinese Mainland and the Asia-Pacific region, the interest, relationships, and momentum are building up. Hong Kong has vast potential to play a unique role linking capital, talent, and innovation between Africa and our part of the world, while InvestHK will continue to be a driver of this interconnectivity, facilitating two-way investment through strategic market insights, extensive global access, targeted promotion, and policy facilitation. "

The Minister Counsellor in charge of Economic and Commercial Affairs of the Chinese Embassy in South Africa, Ms Liu Yu, said, "The synergy between South Africa and Hong Kong in the economic and trade fields is both complementary and strategically significant. Under the framework of the 15th Five-Year Plan, Hong Kong's status as a global offshore Renminbi hub and an international asset management centre provides a professional one-stop platform for enterprises to go global. We encourage South African and Chinese Mainland enterprises in South Africa to leverage Hong Kong's unique professional advantages to optimise their supply chain layouts and achieve high-quality, mutually beneficial development."

The President of the South African Chamber of Commerce and Industry (SACCI), Mtho Xulu, said, "We want to see the relationship beyond our borders, where we take companies from South Africa into Hong Kong, using the city as a platform to scale into the bigger markets. Whether it's for innovation, manufacturing, or industrialisation, we want to look at how we can collaborate further and bring the two places closer together. This ecosystem is exactly what our members need to unlock high-value opportunities on the Chinese Mainland and across Asia."

The visit culminated in Kigali, Rwanda, where Ms Lee represented InvestHK at the Africa CEO Forum, engaging in high-level discussions with C-suite executives from the continent's leading multinationals on May 14 and 15 (Kigali time).

Continuing the momentum of two-way economic ties, InvestHK will host an Africa Day Reception in Hong Kong on May 26, assembling local African business communities to explore new avenues for cross-border collaboration.

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The forum, themed "Developing the International Maritime Financial Ecosystem within the Vietnam International Financial Center in Ho Chi Minh City," took place at the VIFC-HCMC Building, 08 Nguyen Hue Street, District 1, and drew more than 100 senior delegates. Attendees included leaders from central ministries and agencies, the Ho Chi Minh City People's Committee, representatives from coastal provinces (Da Nang, Khanh Hoa, Kien Giang), domestic and international financial institutions, port and logistics enterprises, and international organisations.

The day's agenda focused on three headline moments: a strategic industry report by Roland Berger, titled "Vietnam Maritime Industry: A Strategic Opportunity for Breakthrough Growth," which benchmarked leading global maritime financial hubs and mapped a roadmap to raise Vietnam's domestic value retention from the current 4–5% to 15% by 2035; the official launch ceremony of the IMFE initiative within VIFC-HCMC; and a memorandum of understanding signed between VIFC-HCMC and Gemadept Corporation, owner and operator of Gemalink International Port in Cai Mep – Thi Vai, formalising Gemadept's role as a founding lead of the initiative. The forum also saw the introduction of the first maritime financial products and initiatives to be developed within the VIFC-HCMC framework.

A seaport system of growing global weight

The ambition behind IMFE is grounded in the rapid rise of southern Vietnam's port infrastructure. Ho Chi Minh City is home to Cat Lai Port — ranked among the world's top 21, handling approximately 7.5 million TEUs annually — and Gemalink International Port in Cai Mep – Thi Vai, capable of receiving ultra-large container vessels. These existing assets are set to be joined by the Can Gio International Transshipment Port, a 571-hectare project with a projected capacity of 17 million TEUs per year, further deepening the city's integration into global logistics and trade networks.

In 2025, the Ho Chi Minh City port system handled over 24 million TEUs, ranking 8th globally according to Lloyd's List, and was associated with approximately USD 200 billion in import-export turnover, accounting for around 20% of Vietnam's total trade value. Surrounding this physical infrastructure, a broad ecosystem of supporting services has expanded significantly, spanning cargo handling, warehousing, freight forwarding, customs clearance, and supply chain management. The total annual trade transaction value flowing through the region — encompassing goods, logistics services, and related financial demand - is estimated at over USD 1 trillion.

The financial gap: billions flowing through offshore centers

However, the scale of this physical activity stands in sharp contrast to the financial value Vietnam currently retains. Despite enormous cargo volumes, most high-value maritime financial services generating the largest profit margin including trade finance, ship financing, marine insurance and reinsurance, international payments, and logistics risk management continue to flow through developed offshore maritime financial centers. Vietnam currently captures only around 4–5% of these financial transaction values domestically, leaving an estimated USD 6–8 billion in potential value accessible but unrealised. To complete the maritime value chain and retain these economic benefits onshore, Vietnam must evolve beyond purely physical cargo transshipment. The gradual development of a comprehensive maritime financial ecosystem is an essential and inevitable strategic step.

IMFE: from vision to institutional launch

Against this backdrop, the IMFE initiative took shape as a core component of VIFC-HCMC, with Gemadept Corporation serving as a founding lead. The initiative was first introduced on September 12, 2025, during the symposium "Ho Chi Minh City – A Modern, High-End, High-Value Service Hub," where Gemadept presented a strategic vision of integrating Vietnam's deep-sea port infrastructure with a dedicated maritime financial ecosystem. To materialise that vision, the corporation cooperates with the Ho Chi Minh City People's Committee, leading to its official designation as a Strategic Member of VIFC-HCMC on February 11, 2026, at the Center's Launching Ceremony. Today, as the operator of Gemalink — a major deep-sea gateway at Cai Mep – Thi Vai — Gemadept is focused on channeling high-value capital flows and advanced financial services directly into Ho Chi Minh City's real maritime economy.

With this foundation in place, today's forum pursues three concrete objectives: to officially launch the IMFE as a strategic platform designed to localise maritime financial capital and services, laying the groundwork for Ho Chi Minh City to emerge as one of the region's leading maritime hubs; to connect financial institutions, banks, insurance companies, shipping lines, logistics enterprises, and international organisations within an integrated ecosystem, bringing the port-to-finance model to life in Vietnam; and to introduce the first maritime financial products and initiatives, creating mechanisms for Vietnamese enterprises to access financing, insurance, and risk management tools domestically rather than through foreign intermediaries.

"Ports such as Can Gio and Cai Mep-Thi Vai are transshipment hubs for cargo flows — VIFC-HCMC must become the transshipment hub for capital flows serving Vietnam's maritime economy," said Assoc. Prof. Dr. Nguyen Huu Huan, Vice Chairman of VIFC-HCMC.

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Details

• Title: TSY-310, A Novel Bispecific EGFR x ROR1 ADC, Exhibits Potent Antitumor Activity in Heterogeneous Breast Tumors Through Enhanced Internalization and Bystander Cytotoxicity
• Session: Developmental Therapeutics: Molecularly Targeted Agents and Tumor Biology
• Date & Time: May 30, 2026, 1:30 pm – 4:30 pm CT
• Abstract Number: 3086
• Poster Number: 223
• Presenter: Dr. Kuo-Ming Yu, Ph.D., Director, CMC and Production

Highlights

• Superior Selectivity: Bispecific binding, enhancing internalization specifically in tumor cells co-expressing EGFR and ROR1.
• Enhanced Payload Delivery: Evidence of efficient lysosomal trafficking and the subsequent release of the cytotoxic payload.
• Bystander Efficacy: Eradication of neighboring antigen-negative tumor cells, a critical factor in treating complex, heterogeneous tumor environments.

"Our participation at ASCO is an acknowledgement of the program's potential as a worthy contributor to the future oncology treatment landscape," said Erick Co, President & CEO of Formosa Pharmaceuticals. "We are eager to place TSY-310 in the toolbox of oncologists and patients who face the evolving challenges with traditional single-target therapies."

Full abstract and presentation details will be available through ASCO and corporate websites in accordance with the meeting's policies.

For more details about Formosa Pharmaceuticals, visit www.formosapharma.com.

Chaired by Xu Jianzhong, executive president of CASWSS, the event was attended by distinguished guests including Wu Yushao, president of CASWSS and vice dean of Fudan Institute on Ageing; Wen Tao, executive director, CEO and president of Neutech Group; Han Hua and Chen Dongsheng, vice presidents of CASWSS; Deng Tianwu, director of the Ageing General Division of Ningbo Civil Affairs Bureau; Zhao Hailin, president of Liaoning Elderly Care Service Industry Federation; Huang Yanbing, executive vice president of Guangzhou Association of Social Welfare and Senior Service, and other guests. An expert committee appointment ceremony was held during the meeting. A total of nine senior industry experts including Liu Zeyang, Wang Xinghui, Yuan Zhi, Wang Guoquan, Zhuo Yongyue, Feng Sheng, Cao Sujuan, Zhou Sujuan and Liu Xiaobing were officially appointed, who will be responsible for curriculum design, mentor selection, quality evaluation and other related work. Yang Lijun, director of the Training Center of Fudan Institute on Ageing, elaborated on the curriculum arrangement, while Li Jing, deputy secretary-general of CASWSS, gave a detailed interpretation of the registration system.

At present, China's elderly care service industry is in a critical period of shifting from basic availability to high-quality development, and from quantity expansion to quality improvement. There are 406,000 elderly care institutions and facilities nationwide, including approximately 39,000 registered elderly care homes, with hundreds of thousands of practitioners in management positions. Directors serve as the "core anchors" for institutional operation and hold primary responsibility for service quality. Nevertheless, the industry faces an increasingly severe structural talent shortage. Apart from frontline caregivers, there is an even greater lack of high-caliber professionals equipped with solid management expertise, professional competencies and innovative thinking. To address this challenge, the CASWSS, together with the Fudan Institute on Ageing, has jointly launched the "Qinglan Program", dubbed the "Project Hope" for China's elderly care sector. Derived from the ancient saying "Blue comes from the indigo plant yet excels it", the program signifies that young directors will inherit experience from seniors and strive for self-transcendence. As the special supporter of the inaugural "Qinglan Program • Neutech Cohort", Neutech provides resources, technological empowerment and financial backing for the initiative.

President Wu Yushao pointed out that since 2024, the "First Year of the Silver Economy", the state has issued a series of targeted policies and made specific arrangements for the development of talent teams in the elderly care service sector. The core model of the "Qinglan Program" is "modular systematic training plus one-on-one mentorship throughout the whole process". He elaborated six major features of the program. First, it adheres to public welfare orientation, offering free training and full-cycle growth mentoring services, with priority given to participants from western regions and private elderly care enterprises. Second, it focuses on systematic training. Curricula are formulated in accordance with the Training Outline for Nursing Home Directors (Trial) issued by the Ministry of Civil Affairs, following the three-stage progressive philosophy: Consolidate Basics, Clarify Principles and Reach Distant Goals. Third, it highlights whole-process companionship by assigning an experienced senior director as personal mentor to every trainee. Fourth, it emphasizes intergenerational inheritance to foster a sustainable industry culture of passing down experience and wisdom. Fifth, it integrates resources from all sectors to ensure high-standard program implementation. Sixth, it maintains full openness and transparency in all procedures. President Wu encouraged young directors to cherish this precious opportunity, cultivate professional dedication, and play an exemplary leading role in the industry. He also called on more senior veteran directors to join the mentor team.

Wen Tao, CEO and president of Neutech Group, stated that the group will fully support the "Qinglan Program". This initiative is not merely a talent training scheme, but also a future-oriented fundamental project for talent development. He introduced that Neutech has long been deeply engaged in digital talent education services and boasts abundant resources in the general health industry. In 2024, the group officially launched the strategic transformation focusing on education, healthcare and wellness. It integrates years of accumulated experience into elderly care service scenarios to build a smart elderly care and health service system.

Wen Tao shared Neutech Group's philosophy on elderly care: "Elderly care starts with aging prevention; education fuels aging prevention; technology empowers elderly care." As the special supporter of the inaugural "Qinglan Program • Neutech Cohort", Neutech Group will open up four categories of resources. First, it will make its self-operated physical institutions available as on-site practical training bases for participants, including Wecare Family Nursing Home, Ruikang Cardiovascular Hospital, Ruikang Stomatology Hospital and Neucare Phoenix Academy. Second, it will provide access accounts for the "integrated medical, wellness and elderly care smart senior care system", enabling trainees to master data-driven management approaches. Third, the group will offer practical training equipment for smart elderly care IoT applications and online courses to help participants steadily upgrade their professional competencies. Fourth, it will share ecological resources and operational scenarios of city-level smart elderly care platforms, assisting trainees in connecting supply and demand sides, gaining traffic support and marketing empowerment, and realizing ecological coordination among institutional, community-based and home-based elderly care services. "Cultivating talents is neither a hasty task nor something we can afford to delay," Wen Tao remarked. "The first cohort consists of only 100 participants, a modest number, yet they are vital pioneers in the industry. Neutech Group is ready to share its resources and capabilities, and work hand in hand with the association and research institute to steadily push forward this initiative in the long run."

It is reported that the courses of the "Qinglan Program" are formulated in accordance with the Training Outline for Nursing Home Directors (Trial) issued by the Ministry of Civil Affairs. Covering more than 20 courses, they fall into four major modules: policies and industry development trends, practical service operations, practical management practices and competency building. The training lasts for three years, featuring one centralized offline training session of no less than four days each year, supplemented by online tutoring, case discussions and field visits. The curriculum follows the three-stage progressive training philosophy: Consolidate Basics, Clarify Principles and Reach Distant Goals. Applications for the first cohort are now open nationwide. Eligibility for participants: Aged under 40, holding a college diploma or above, with over three years of working experience in the elderly care industry, serving as director or deputy director of legally registered elderly care institutions, possessing solid management experience and being passionate and responsible for the industry. Eligibility for mentors: Aged between 40 and 60 in principle, with more than five years of experience in the elderly care sector, currently working as director of legally registered elderly care institutions and equipped with extensive management experience and certain teaching experience.

The official launch of the "Qinglan Program" marks an important step forward in building the talent workforce for China's elderly care service industry. As a special supporting organization, Neutech firmly believes that the long-term development of an industry hinges on whether it has a group of truly professional backbone talents. Supporting the growth of young directors is not one-way resource delivery, but two-way empowerment between Neutech Group and the whole industry. The practical demands raised by young frontline directors will drive the continuous iteration of Neutech's integrated education, healthcare and elderly care ecosystem, keeping the company's capabilities fully aligned with industry requirements.

Looking ahead, Neutech Group will continue to uphold long-termism, open up its core capabilities and resources, and join hands with the association, research institute and more ecological partners to jointly build an open and inclusive capability foundation. It will enable all young directors and elderly care institutions to enhance their management competence and service characteristics, and jointly drive the high-quality development of China's elderly care service industry.