As a result, container throughput at Vietnam's seaport system is expected to continue growing strongly in the second half of 2026.

Deepwater ports enjoy a significant competitive advantage thanks to their ability to accommodate mother vessels, modern infrastructure and competitive service charges, helping them to gain market share.

Vietnam's port system is entering a new investment cycle focused on upgrading deepwater port clusters and improving operational efficiency at inland ports.

In the maritime shipping segment, MBS said the continued imbalance between global vessel supply and demand is creating better conditions for operators of small container ships serving intra-Asia and domestic routes.

This market segment enjoys relatively stable transport demand, enabling companies to maintain healthy profit margins even as international freight rates fluctuate.

One of the companies reporting solid business performance was Vicem Logistics JS. In the second quarter of 2026, the company's consolidated revenue reached more than $3.2 million, up 13.6 per cent on-year, while after-tax profit rose 43 per cent to nearly $0.3 million.

The growth was driven by more efficient transport operations, higher fleet utilisation and improved cash flow management.

Better returns from depositing surplus cash in bank deposits amid relatively high deposit interest rates also boosted the company's financial income.

For the first six months of the year, Vicem Logistics generated revenue of more than $5.9 million and after-tax profit exceeding $0.5 million, representing on-year increases of 13.4 per cent and 44 per cent, respectively.

For Gemadept Corporation, MBS forecast its Q2 net profit at around $44.7 million, up 164 per cent from a year earlier, driven by three main factors: an estimated 37 per cent increase in cargo throughput at Gemalink Port, a roughly 10 per cent rise in port service charges, and approximately $28 million income from a share-swap transaction with CJ Logistics.

Over the longer term, Gemadept is expected to benefit from the commissioning of Nam Dinh Vu Port’s third-phase and the accelerated development of Gemalink’s second and third phases.

MBS forecasts the company's revenue at around $288.6 million in 2026 and more than $324 million in 2027, while net profit is projected to increase by 15.5 per cent and 23 per cent, respectively.

At Haiphong Port JSC, the company’s Q2 profit is projected to jump about 71 per cent, supported by rapidly improving operating efficiency at Lach Huyen Terminals 3 and 4.

During the first five months of the year, throughput at the two terminals reached approximately 232,500 TEUs, nearly 14 times higher than the same period last year.

In addition, the completion of maritime channel upgrades serving river ports is expected to improve operating efficiency at Dinh Vu Port and Tan Vu Port, while higher port service charges will provide additional earnings support.

According to MBS, Haiphong Port's revenue could reach approximately $129.6 million in 2026 before rising to $143.3 million in 2027. Net profit is forecast at $49.6 million and $60.9 million, respectively.

By contrast, Hai An Transport and Stevedoring JSC is expected to report Q2 after-tax profit of around $12.9 million, down 11 per cent on-year as higher fuel costs weighed on margins from its self-operated shipping business.

However, the company’s earnings continued to receive support from an estimated 5 per cent increase in time-charter rates for its three vessels.

MBS believes 2026 will be a transition year before Hai An Transport and Stevedoring enters a stronger growth cycle in 2027, when additional vessels are delivered and the company benefits from the ongoing shortage of small container ships

The company's revenue is projected to edge up about 1.8 per cent on-year to $207.2 million in 2026, before accelerating to $240.1 million in 2027 as its next growth cycle begins.

Meanwhile, Vietnam Container Shipping JSC is forecast to post a 35 per cent decline in its Q2 profit as intense competition pushes up selling and brokerage expenses, while financial costs increase due to business expansion.

Even so, MBS expects Vietnam Container Shipping's earnings to recover during 2026-2027, supported by improved port operating efficiency following maritime channel upgrades, higher port service charges, expanded cooperation with Hai An Transport and Stevedoring, and stronger contributions from joint ventures and associated companies.

As Vietnam's import and export activities expands and the operating capacity of its port system improves, leading logistics companies are expected to maintain favourable medium- and long-term earnings growth prospects, despite divergent short-term performance across the sector.

Local logistics investment moves at pace across Vietnam A number of foreign logistics companies are planning continuous expansion and investments to gain a stronger foothold in Vietnam, a market with promising growth in the field.

Vietnam must take advantage of green logistics potential Vietnam is facing the challenges of transitioning to green practices, requiring investment, infrastructure improvements, and government support to achieve sustainability and unlock new business opportunities.

Logistics groups vow to partner up locally The growth of exports to important overseas markets is sustaining the growth momentum of Vietnam’s logistics sector.

Maritime logistics firms thrive on global trade dynamics Imports and exports have continued to prove a bright spot for Vietnam this year, serving as a key growth driver for logistics businesses as concerns over tariff risks gradually ease.

At its mid-year review conference held on July 17, PetroVietnam Technical Services Corporation (PTSC) announced its estimated business performance for the first half of the year.

In the second quarter alone, PTSC's consolidated revenue was estimated at $372.8 million, while pre-tax profit reached $15.4 million, up 26 per cent and 21 per cent, respectively, from the same period of 2025.

For the first half of 2026, consolidated revenue was estimated at $720.8 million, an increase of 29 per cent on-year, while pre-tax profit reached $40.5 million, up 21 per cent.

The company’s management attributed the growth primarily to its oil and gas mechanical engineering, renewable energy, and industrial construction businesses, which generated revenue of $455.4 million, up 29 per cent on-year.

During the period, PTSC also advanced major projects, including Block B, Lac Da Vang, Su Tu Trang Phase 2B, Long Phu 1, and several offshore wind power projects.

PV Drilling has yet to disclose detailed financial figures but said its consolidated revenue and profit for the first half of 2026 are expected to exceed its projections by around 30 per cent, marking strong growth compared with the same period last year.

Nguyen Xuan Cuong, CEO of PV Drilling, said the medium- and long-term prospects for the drilling services market remain highly positive as oil and gas exploration and production demand continues to increase while the supply of drilling rigs remains constrained.

In Vietnam, major projects such as Block B, Dai Hung Phase 4, Hai Su Vang, and Ca Voi Xanh are expected to become key growth drivers in the coming years.

He called on member businesses to prepare their workforce, equipment, and technical capabilities to capture market opportunities while continuing to expand internationally.

In the midstream segment, PV Gas Coating reported second-quarter 2026 revenue of $17.1 million, up 1.8 times from a year earlier, while pre-tax profit rose 1.5 times to $1.5 million.

For the first six months of the year, the company recorded revenue of $29.5 million and pre-tax profit of $2.5 million, both doubling from the corresponding period of 2025.

In the downstream segment, Binh Son Refining and Petrochemical JSC (BSR) and Petrovietnam Oil Corporation (PVOIL) have also released their business results.

During the first half of 2026, BSR posted consolidated revenue of $4.04 billion, up 47 per cent on-year, while consolidated after-tax profit surged to $505.4 million, nearly seven times higher than the same period of 2025.

In the second quarter alone, revenue exceeded $2.2 billion and after-tax profit reached $163.9 million, representing increases of 50 per cent and more than 384 per cent, respectively.

For the second half of the year, BSR plans to closely monitor market developments and crude oil prices to optimise production, maintain the Dung Quat Oil Refinery at safe and stable optimal capacity, prepare for its sixth major turnaround, accelerate key projects to adapt to the global energy transition.

Meanwhile, PVOIL reported consolidated revenue of $5.09 billion in the first half of 2026, fulfilling 83 per cent of its annual target and rising 74 per cent on-year.

The company also continued expanding its retail network by opening 87 new fuel stations, achieving nearly 70 per cent of its full-year expansion plan and bringing its total network to 1,037 outlets.

According to a recent report by Petroleum Securities Incorporated, if shipping through the Strait of Hormuz continues to face disruptions, Brent Crude prices could fluctuate between $100 and $130 per barrel.

Should geopolitical tensions escalate further, prices could climb to between $130 and $160 per barrel. Higher oil prices would provide strong support for the earnings of oil and gas companies in the second half of 2026.

Meanwhile, major domestic gas projects, including Block B-O Mon, Nam Du-U Minh, Su Tu Trang 2B, and Thien Nga-Hai Au, are entering peak implementation stages, creating new growth momentum across Vietnam's oil and gas value chain in the coming years.

Earnings surge lifts investor confidence Strong third quarter earnings from several Vietnamese listed firms, led by securities, banking and manufacturing, signal renewed market momentum amid improved macro conditions and rising investor confidence.

Seaport operators deliver strong earnings despite global turbulence Vietnam’s leading seaport operators posted robust first-quarter earnings growth, supported by rising trade volumes, expanding deepwater port capacity and resilient supply-chain shifts despite geopolitical uncertainty.

Oil and gas companies make an effort to build enterprise culture Building and consolidating the brand is now see as a compulsory mission and a part of the long-term development strategies of companies, including oil and gas companies.

Jonathan joins Granicus with more than 25 years of experience leading and scaling technology businesses across Australia and New Zealand. His background spans SaaS, cloud, cybersecurity and digital public services, with a strong track record of building scalable, customer-focused organisations and driving sustainable growth.

In his new role, Jonathan will lead Granicus' ANZ business, working closely with customers, partners and employees to strengthen customer success, accelerate growth and help organisations deliver better experiences for citizens, visitors and communities.

"Jonathan brings an exceptional combination of leadership experience, commercial acumen and customer focus," said G Masili, Chief Customer Officer at Granicus." His understanding of technology, digital services and platform growth makes him ideally positioned to lead our Australia and New Zealand business. As demand continues to grow for modern, connected digital experiences, Jonathan's experience will help us strengthen our support for customers across the region."

Jonathan's appointment forms part of a broader investment in Granicus' Australia and New Zealand operations. In recent months, the company has also welcomed Julie Morton as Regional Sales Director and Pallavi Sathyanarayana as Regional Product Leader, further strengthening regional expertise across sales, product innovation and customer success.

Together, these appointments represent a significant investment in leadership capability and regional growth, creating a strong foundation for the next chapter of Granicus' expansion across Australia and New Zealand.

"Throughout my career, I've been drawn to organisations that combine strong technology with a clear purpose," said Jonathan Usher. "Granicus stands out because of the impact it helps customers create every day - helping governments and public sector organisations build stronger connections with the communities they serve. I'm excited to join the team and work alongside our customers and partners to help organisations across Australia and New Zealand deliver better experiences, strengthen engagement and create lasting value for their communities."

The strengthened leadership team reflects Granicus' long-term commitment to Australia and New Zealand and its ambition to support customers through the next generation of digital transformation, engagement and service delivery.

The partnership combines Tencent Cloud's globally trusted cloud infrastructure and AI capabilities with Rockstreamer's expertise in designing, developing, deploying, and operating large-scale digital entertainment platforms. Together, the two companies aim to enable enterprises to modernize their streaming infrastructure, accelerate cloud adoption, and launch world-class OTT services capable of serving millions of users with speed, reliability, and operational efficiency.

As the first major success under this collaboration, Tencent Cloud and Rockstreamer jointly powered Binge+, the official OTT platform developed and operated by Rockstreamer for Robi Axiata PLC. Built entirely on Tencent Cloud's enterprise-grade cloud ecosystem, Binge+ demonstrates how modern cloud architecture, AI-assisted engineering, and close collaboration between global technology providers and regional solution partners can dramatically reduce deployment timelines while delivering carrier-grade performance.

The migration to Tencent Cloud involved rebuilding the platform around a cloud-native architecture capable of supporting high-volume live streaming, rapid traffic fluctuations, and uninterrupted content delivery across Android, iOS, Web, Smart TV, and operator applications. Throughout the project, Tencent Cloud's engineering specialists worked closely with Rockstreamer's technical teams, while Tencent Cloud's AI capabilities accelerated engineering workflows, infrastructure optimization, deployment planning, and operational readiness. This collaborative approach enabled the teams to build a resilient and highly scalable OTT environment within an exceptionally short timeframe.

The capabilities of the new platform were put to the test during a premier global football tournament in 2026. Streaming premium live sports at national scale requires infrastructure capable of responding instantly to massive audience surges without compromising quality or reliability. Powered by Tencent Cloud and architected by Rockstreamer, Binge+ successfully delivered live global sporting events to millions of viewers across Bangladesh, maintaining a seamless viewing experience throughout the tournament despite the demanding traffic patterns associated with global sporting events.

The successful execution demonstrated how enterprise cloud infrastructure, intelligent CDN technologies, and AI-assisted operations can transform the way OTT platforms are built and operated. It also highlighted the value of combining Tencent Cloud's global technology ecosystem with Rockstreamer's extensive experience in OTT platform engineering and telecommunications deployments. Together, the companies created a solution that not only supported one of the most demanding live streaming events in the world but also established a scalable digital foundation capable of supporting future growth and new entertainment services.

For Robi Axiata PLC, Binge+ represents a significant step forward in delivering premium digital entertainment experiences to subscribers. The platform provides seamless access to live television, premium sports, movies, and on-demand content through a unified, high-performance ecosystem designed to meet the evolving expectations of today's connected consumers. Its successful deployment reinforces the growing importance of cloud-native infrastructure in helping telecommunications operators expand beyond connectivity and deliver differentiated digital experiences.

While Binge+ serves as the first large-scale implementation of the partnership, Tencent Cloud and Rockstreamer view the step as the beginning of a broader strategic collaboration focused on accelerating digital transformation across emerging markets. As demand continues to grow for reliable streaming services, AI-powered media workflows, gaming ecosystems, esports platforms, and cloud-native entertainment technologies, the two companies will work together to support enterprises modernize their digital businesses through integrated cloud infrastructure, platform engineering, managed services, and AI-driven innovation.

The partnership also reflects a shared commitment to simplifying digital transformation for organizations that require enterprise-scale performance without lengthy implementation cycles. By combining Tencent Cloud's global infrastructure and technology portfolio with Rockstreamer's regional implementation expertise, organizations can significantly reduce deployment complexity while benefiting from highly scalable, secure, and future-ready digital platforms.

Rachel Xie , General Manager of Tencent Cloud MENA, Operations, Channel Development and Marketing of Tencent Cloud International, said: "Tencent Cloud is committed to helping organizations accelerate innovation through secure, intelligent, and scalable cloud technologies. Our collaboration with Rockstreamer demonstrates how combining Tencent Cloud's infrastructure, AI capabilities, and media technologies with strong regional implementation expertise enables enterprises to rapidly build modern OTT platforms capable of supporting large-scale digital experiences. We look forward to expanding this partnership and enabling more organizations in emerging markets accelerate their digital transformation."

Anik Dhar, CEO of Rockstreamer Private Limited, said: "Today's digital entertainment platforms must be built for scale from day one. Our collaboration with Tencent Cloud has demonstrated how combining world-class cloud infrastructure with AI-assisted engineering and deep OTT expertise can dramatically accelerate deployment without compromising reliability or performance. Binge+ exemplifies what can be achieved when global technology leadership meets regional execution excellence. We believe this partnership will help operators, broadcasters, media companies, and enterprises across emerging markets build digital platforms that are faster to launch, easier to scale, and ready for the next generation of entertainment."

Looking ahead, Tencent Cloud and Rockstreamer will continue expanding their collaboration across Bangladesh and other emerging markets, supporting telecommunications operators, broadcasters, media organizations, gaming companies, sports rights holders, and enterprises seeking to modernize their digital infrastructure. Together, the companies aim to deliver next-generation OTT, AI, cloud, gaming, esports, and streaming solutions that help organizations innovate faster, operate more efficiently, and create exceptional digital experiences for audiences around the world.

The District has been a valued tenant at Sentinel Square II for nearly a decade. Although their lease was not scheduled to expire until 2029, Ocean West proactively negotiated a long-term extension that secures the tenancy for an additional eight years while increasing the property's weighted average lease term by nearly five years. The District, which currently maintains an AA+ credit rating, occupies approximately two-thirds of the building, making the transaction a meaningful enhancement to the property's long-term income stability and value.

Ocean West led the lease negotiations on behalf of ownership, coordinating closely with the District, tenant and landlord representatives, and the property's lender to structure a transaction that met the objectives of all parties while strengthening the property's long-term positioning.

"We greatly value our long-standing relationship with the District of Columbia and are pleased to have reached an outcome that supports both the District's continued occupancy at Sentinel Square II and ownership's long-term objectives," said Russ Allegrette, Chief Executive Officer and Co-Founder of Ocean West Capital Partners. "By engaging with the District well ahead of lease expiration and working collaboratively with all stakeholders, we were able to secure a long-term commitment from an investment-grade tenant while thoughtfully structuring the economics to benefit both ownership and the tenant. Transactions like this require creativity, persistence, and strong partnerships."

The lease extension showcases Ocean West's proactive asset management approach and commitment to creating value through strategic tenant relationships, disciplined capital stewardship, and thoughtful execution.

For press information please contact John Weiss, 213-784-1131, jweiss@oceanwestcp.com.

Traditional commercial battery systems often require extensive cabling, multiple connection points, and significant on-site assembly, "POWER BEAST combines a compact dual-stack design with fast, plug-and-play installation, reducing system height and installation complexity," said Brooks Richard Geng, APAC & Middle East Managing Director at Fox ESS. "By integrating the H3 Plus with the scalable CQ7 platform, we are helping partners lower costs, save space and deliver C&I projects with greater confidence."

POWER BEAST is built around the H3 Plus Hybrid Inverter, the modular CQ7 High Voltage Battery and the optional CQ7 Dual Tower Base. Available with AC output from 50 kW to 125 kW, the H3 Plus supports up to three independent battery inputs.

When paired with CQ7 batteries, a single inverter can support up to 292 kWh of storage capacity. Multiple POWER BEAST systems can scale up to 3.125 MW / 7.35 MWh for on-grid applications and 1.25 MW / 2.94 MWh for off-grid applications.

For projects targeting the NSW PDRS BESS4 capacity range, one H3 Plus 100 kW inverter paired with two CQ7 battery stacks provides approximately 195 kWh of storage capacity, allowing projects to maximise potential incentive value.

A key feature of POWER BEAST is the CQ7 Dual Tower Base, which supports two battery stacks on one shared base and keeps system height under 1.3 m. Pre-installed power and communication connections simplify installation and reduce wiring risks, while the system integrates solar PV, battery storage, EPS backup, generator and EV charging, with approximately five-second module installation.

By combining the H3 Plus Hybrid Inverter, modular CQ7 storage and the Dual Tower Base accessory, POWER BEAST provides installers, EPCs, distributors and project partners with a scalable C&I platform designed to reduce installation complexity and make more efficient use of available space. For more information, please visit: https://au.fox-ess.com/

300U Capacity for Greater Insulin Needs

For people with diabetes who require larger daily insulin doses, reservoir capacity can influence how frequently a patch pump needs to be replaced and how easily therapy fits into daily routines. Medtrum's 300U pump offers 50% greater reservoir capacity than commonly used 200-unit patch pumps while maintaining a discreet, tubeless and body-worn design.

Already available in selected international markets, the 300U pump will further expand Medtrum's tubeless insulin delivery portfolio in Europe. At DDG 2026, the pump was central to Medtrum's exhibition theme, "Medtrum macht mehr möglich" ("Medtrum makes more possible"). The 300U pump has been listed in the directory under its own Hilfsmittelnummer, a dedicated product code enabling access through Germany's statutory reimbursement system.

"Germany is one of Europe's leading diabetes technology markets, with strong clinical adoption, an established reimbursement framework and continued innovation," said Scott Yang, founder and CEO of Medtrum. "The planned introduction of our 300U patch pump reflects our commitment to patient-centered treatment options. By strengthening our direct commercial operations, building partnerships and generating clinical evidence, we aim to support broader patient access and sustainable growth across Europe."

Part of the TouchCare Nano System

The 300U pump is part of Medtrum's flagship TouchCare Nano System, an integrated diabetes management platform combining tubeless patch pump therapy, continuous glucose monitoring, the proprietary APGO® automated insulin delivery (AID) algorithm, mobile app control and remote data sharing.

The system also features Auto Meal Handling, allowing users to announce a meal type rather than complete a full carbohydrate calculation. This can reduce the burden of mealtime calculations and make everyday use of AID more manageable.

Medtrum's Global Presence

Medtrum technologies are available in more than 50 countries and regions. In 2024, the TouchCare AID System received EU MDR Class III certification, strengthening Medtrum's regulatory foundation across Europe and other international markets.

Medtrum will continue engaging with healthcare professionals, clinical partners and industry stakeholders through scientific congresses and clinical collaborations, including the upcoming 62nd EASD Annual Meeting in Milan this fall.

Learn more about the TouchCare Nano System on Medtrum's official website.

Details of the Poster Presentation:

ATG-022 (Claudin 18.2 Antibody-Drug Conjugate)
Title: ATG-022, a Claudin 18.2 ADC, in Advanced Gastric and Gastroesophageal Junction Cancer (CLINCH): Phase 2 Results
Presentation Number: 2886P
Date: October 25, 2026
Time: 12:00PM-12:45PM (Central European Time)
7:00PM-7:45PM (Beijing Time)

ATG-037 (Oral CD73 Small Molecule Inhibitor)
Title: Efficacy and safety of ATG-037, an oral CD73 inhibitor, plus pembrolizumab in patients with checkpoint inhibitor (CPI) resistant melanoma: Updated results from the STAMINA-01 trial
Presentation Number: 2087P
Date: October 24, 2026
Time: 12:00PM-12:45PM (Central European Time)
6:00PM-6:45PM (Beijing Time)

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. SPTel excelled in both, demonstrating its ability to align strategic initiatives with evolving cybersecurity requirements while delivering scalable, commercial-grade quantum-safe network services. "SPTel has demonstrated strong progress over the past year in translating quantum-safe innovation into tangible commercial success. Through the successful rollout of production-grade deployments with government agencies and regulated enterprises in Singapore, the company is not only validating the real-world viability of quantum-safe networks but also establishing itself as a trusted partner for mission-critical cybersecurity. The ability to move from concept to commercial adoption clearly differentiates SPTel in Singapore's evolving quantum-secure communications landscape," said Kenny Yeo, Director – ICT at Frost & Sullivan.

Guided by a long-term growth strategy focused on post-quantum cybersecurity, national digital resilience, and ecosystem collaboration, SPTel has demonstrated its ability to lead in a rapidly evolving security landscape. As an Infocomm Media Development Authority (IMDA)-appointed operator of the National Quantum-Safe Network Plus (NQSN+), the company is establishing Singapore's quantum-secure communications backbone while enabling organizations to prepare for future cryptographic threats.

Innovation remains central to SPTel's approach. Its portfolio of quantum-safe network services integrates quantum key distribution (QKD), post-quantum cryptography (PQC), managed connectivity, encryption, key management, and continuous monitoring into a unified service framework. This enables organizations to adopt quantum-safe communications with greater operational simplicity, scalability, and security assurance.

"We are deeply honoured by this recognition. It reinforces SPTel's leadership and contributions to shaping the future of secure digital infrastructure. As the threat of quantum computers is fast becoming a reality, the time to act is now. Our mission is to help enterprises turn quantum-safe strategies from theoretical concepts into practical, operational capabilities. Through our accomplishments in real-world deployments with leading institutions of Singapore, we are proving that a quantum-resilient future is not only achievable—it is already within reach," said Ernest Lee CEO at SPTel.

SPTel's unwavering commitment to customer experience strengthens its market leadership. Through fully managed services, proactive monitoring, local engineering expertise, and a single point of accountability across the service lifecycle, the company helps customers reduce complexity while improving security readiness. Its success in supporting critical infrastructure operators, financial institutions, and government agencies demonstrates its ability to deliver long-term value in highly regulated environments.

Frost & Sullivan commends SPTel for setting a high standard in competitive strategy, execution, and market responsiveness. The company's vision, innovation pipeline, and customer-first culture are shaping the future of quantum-safe communications while enabling organizations to confidently navigate the transition to a post-quantum world.

Each year, Frost & Sullivan presents the Company of the Year Recognition to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. The recognition honors forward-thinking organizations that are reshaping their industries through innovation and growth excellence.

For more information, please visit www.sptel.com.

China National Petroleum Corporation on Thursday officially put into operation the Tarim 1.2 MTA Phase II Ethylene Project and its supporting green and low-carbon demonstration facility in Korla, Bayingolin Mongolian autonomous prefecture, Northwest China's Xinjiang Uygur autonomous region. This marks the launch of the country's first full-chain green and low-carbon ethylene project.

As the first demonstration project in China's petrochemical industry to apply green and low-carbon development principles throughout the entire production chain, it combines renewable energy, carbon capture and the high-value utilization of by-products. The project is expected to reduce carbon emissions by 1.37 million metric tons annually, equivalent to the carbon sequestration capacity of 5.48 million mu, or about 365,333 hectares, of forest.

The project features several technological breakthroughs. It directly uses renewable energy generated by Tarim Oilfield's photovoltaic facilities, with around 1 billion kilowatt-hours of green electricity supplied to the complex each year. It has also completed the construction of the world's second and China's first domestically developed electric-driven system for the three major ethylene compressors, shifting from thermal to electric power.

In addition, it has adopted a first-of-its-kind integrated carbon capture technology in China to recover low-concentration carbon dioxide from cracking furnace flue gas that would otherwise be emitted into the atmosphere. The captured CO₂ and recovered by-product hydrogen are reused in the production process, forming a closed-loop low-carbon industrial chain that connects green power, carbon capture, blue hydrogen, blue ammonia and lower-carbon fertilizer production.

The project also reflects China's growing technological strength. Of its 11 major production units, ten use homegrown technologies — nine of which come from CNPC, and five have been applied at industrial scale for the first time. The overall localization rate of the project has reached 99 percent, with full localization achieved for several units, including hydrogenation of pyrolysis gasoline and butadiene rubber. The project also marks a breakthrough in the domestic manufacture of large-scale extrusion and pelletizing units.

With the project now in operation, it is expected to help fill gaps in the production of high-end polyolefins, synthetic rubber and other advanced materials in southern Xinjiang, while supporting the growth of downstream 100-billion-yuan industrial clusters. It is also projected to contribute to regional economic development and create employment opportunities in Korla and surrounding areas.

The patient was dosed at GenesisCare Murdoch (Western Australia), under the supervision of Dr. Aviral Singh.

Dr. Aviral Singh, Clinical Head of Theranostics and Nuclear Medicine at GenesisCare Murdoch and Principal Investigator on the LUTEON trial, commented, "Dosing the first patient in the LUTEON study marks an important milestone in the development of potential new treatment options for patients with relapsed or recurrent clear cell renal cell carcinoma. Despite advances in care, outcomes remain poor for many patients, underscoring the need for innovative therapeutic approaches. This study will play a critical role in evaluating the safety, tolerability and efficacy of this investigational CAIX-targeted radiopharmaceutical for patients globally, and we look forward to helping advance the clinical evidence for this promising therapeutic candidate."

Dr. David N. Cade, Telix Group Chief Medical Officer, added, "LUTEON represents the next stage in Telix's global clinical development of TLX250-Tx and reflects our commitment to developing precision radiopharmaceuticals for patients with difficult-to-treat cancers. We aim to further evaluate the potential of TLX250-Tx that is designed to utilize the high prevalence of CAIX expression in ccRCC to deliver targeted radiation directly to tumor sites, while limiting exposure to healthy tissue."

TLX250-Tx

TLX250-Tx is a first-in-class CAIX-targeting rADC^[3] therapy candidate composed of a high-specificity monoclonal antibody chelated to the therapeutic radionuclide lutetium-177. CAIX is an attractive therapeutic target because it is expressed in more than 95% of ccRCC, while demonstrating limited expression in normal tissues, including kidney tissue^[4],[5].

LUTEON is being run under a Phase 3 protocol in Australia and forms part of Telix's global development program for TLX250-Tx, which includes the separate Phase 2a LUTEON ATLAS study in the United States and Europe.

The LUTEON study utilizes Telix's investigational PET^[6] imaging agent, TLX250-Px (Zircaix®^[7], zirconium-89 (⁸⁹Zr) girentuximab senvedoxam), to identify eligible patients with CAIX-positive tumors.

Renal Cell Carcinoma

Renal Cell Carcinoma, RCC, is the most common form of kidney cancer, accounting for approximately 9 out of 10 diagnoses^[8]. Within this category, ccRCC is the most common and often the most aggressive subtype, representing about 85% of all RCC cases^[9] with up to 30% of patients presented with metastatic disease at diagnosis, which has a 20% 5-year survival rate^[10],[11].

[1] ClinicalTrials.gov ID: NCT07197580.

[2] Carbonic Anhydrase IX.

[3] Radio antibody-drug conjugate.

[4] Luong-Player A, et al. Am J Clin Pathol. 2014.

[5] Kleinendorst SC, et al. Theranostics. 2024.

[6] Positron emission tomography.

[7] Brand name subject to final regulatory approval.

[8] Bukavina, L, et al. Eur Urol. 2022.

[9] Alchahin AM, et al. Nat Commun. 2022.

[10] National Cancer Institute. Cancer stat facts: kidney and renal pelvis cancer. Updated 2025. Accessed May 1, 2026. https://seer.cancer.gov/statfacts/html/kidrp.html.

[11] Vento JA, et al. Cancers (Basel). 2022.

The exclusive VIP dining space at Ngan Dinh Saigon

Rooted in a profound respect for authentic values, the entirely new Thai menu at Ngan Dinh Saigon is meticulously crafted to balance the four signature tastes: sour, spicy, salty, and sweet. This is not merely an awakening of the palate but a sophisticated refinement – from the refreshing tartness of fresh lime and the rich, luscious sauces to the soothing aromas of quintessential tropical herbs.

Every ingredient is thoughtfully curated by our Thai chef with an open-minded perspective and masterful hands. As a storyteller of Thai identity through gastronomy, the chef delivers an explosion of flavours while impeccably maintaining the inherent standard and elegance of Ngan Dinh Saigon's culinary artistry.

'Explore Signature Thai Cuisine' – An elegant array of vibrant flavours

Thai cuisine is inherently renowned for its vibrant explosion of layered flavours, so the challenge presented to the kitchen team at Ngan Dinh Saigon was to preserve Thailand's essence while flawlessly maintaining the restaurant's inherent elegance, poise, and luxury.

The 'Explore Signature Thai Cuisine' menu is the definitive answer to this challenge. The concept of Thai cuisine transcends a mere forced fusion; rather, it is a profound and delicate refinement. Every drop of fresh lime juice, the robust heat of chilli and lemongrass, and the soothing fragrance of tropical herbs are calibrated with absolute precision. This meticulous balance delivers a palate-stimulating experience that remains incredibly smooth and well-rounded.

Ngan Dinh Saigon invites diners on a unique culinary journey in collaboration with a masterful native Thai chef. Together, they have created a menu that perfectly captures the essence of Thailand with high-quality ingredients and exceptional culinary skill.

Experience the Crispy Fried Sea Bass with Chilli, Herb and Lemongrass Salad, a stunning culinary delight. The expertly cooked sea bass features a golden, crispy skin that encases juicy, sweet meat, creating an unforgettable dining experience.

The vibrant salad, topped with its signature Thai sauce, adds a zesty kick. This enticing contrast between the crunchy fish and the spicy, tangy sauce creates a burst of flavours that will have you coming back for more.

Another dish is Fried Tom Yam Mama Noodle with Shrimp and Squid Tentacle Omelet. This dish is a luxurious twist on a beloved street food classic. The soft, chewy Thai noodles are infused with aromatic spices and elegantly wrapped in a smooth, fluffy egg blanket. Beneath this delicious exterior lies a delightful medley of the freshest, premium seafood.

The signature 'wok hei' technique adds a captivating smoky aroma, elevating the entire experience.

The menu also features Spicy Prawn Soup with Milk. No discourse on Thai gastronomy is complete without the definitive mention of Tom Yum. At Ngan Dinh, this quintessential national dish is elevated to new heights, anchored by a luxurious broth slow-simmered for hours from meticulously selected ingredients. The vibrant tartness, robust heat, and smooth, velvety richness of the soup gracefully intertwine, effortlessly warming the ambiance of celebratory gatherings.

For culinary aficionados in Saigon, Ngan Dinh has long been a destination that vividly embodies quintessential Asian gastronomy, where traditional Chinese dishes are expertly elevated through meticulous curation, guaranteeing diners an unparalleled dining experience.

Dining at Ngan Dinh Saigon is not merely about savouring an exquisite dish; it is an immersion into an exclusive and prestigious ambiance. The restaurant provides impeccably professional service, setting the benchmark for excellence in every detail.

The defining spirit of Ngan Dinh Saigon is its openness, relentless innovation, and elegant evolution. The masterful integration of a traditional Cantonese culinary foundation with the vibrant brilliance of Thai cuisine, and soon, Hong Kong hot pot, creates a sophisticated experiential complex where Asian flavours harmoniously converge.

Ngan Dinh Saigon Restaurant - One of the oldest Chinese restaurants in the city

Address: 52-54-56 Dong Khoi Street, Saigon Ward, Ho Chi Minh City.

Hotline: 028 3982 6688

“Once Upon a reverie” wedding showcase at The Reverie Saigon 10 years not only marks a memorable milestone for The Reverie Saigon, but also a journey of creating timeless and unforgettable experiences with unique and exclusive architecture for every guest. ‘Once Upon A Reverie’ is a romantic prelude, a gift to couples seeking a wedding venue - a place where their real-life fairytale begins.

The Reverie Saigon marks 10 years of redefining luxury hospitality The Reverie Saigon is marking 10 years as a landmark of luxury hospitality, reflecting both Vietnam’s rising stature in global tourism and the hotel’s distinctive identity.

The Reverie Saigon presents festive programme The Reverie Saigon is delighted to introduce its 2025 festive programme – “The Reverie Express”, inspired by the timeless journey of the Orient Express – an icon of classic elegance, indulgent luxury, and the endless spirit of exploration.

According to Pham Van Quan, deputy director general of the Agency for Industry under the MoIT, one of the key innovations in the draft Law is the proposal of innovative policy mechanisms designed to entice investors, foster product development, and create markets for the growth of Vietnam's key industries.

At a press conference on July 20, Quan said the MoIT has been assigned by the government to take the lead in drafting the Law on Key Industries, with the objective of attracting the world's leading technology corporations while ensuring that local businesses can participate more deeply in global supply chains.

Quan noted that Vietnam had missed several opportunities to attract large-scale investment in the recent past because the country’s incentive policies were supposedly not enough competitive.

"There were case one investor had intended to expand their manufacturing facility in Vietnam with investment ranging from $1 billion to more than $3 billion, but at that time there was no suitable incentive mechanism to retain and encourage the company to scale up its investment," he said.

“More recently, Vietnam has lured several semiconductor majors through specific policy mechanisms. However, the investors' commitments to the government regarding technology transfer, workforce training, and support for local enterprises to join global supply chains have remained rather general and have yet to meet expectations,” he added.

Regarding the current legal framework for incentives and support for key industries, the MoIT stated in the draft Law's explanatory report that Vietnam still lacks a comprehensive and systematic legal framework. Existing regulations still do not adequately distinguish the value chains within each industrial ecosystem, industrial cluster, and industrial sub-sector.

Measures to support market development have not received sufficient attention, while policies promoting the application, transfer, improvement, and innovation of manufacturing technologies – particularly key enabling technologies – remain fragmented, lack long-term sustainability, and are not well aligned with the characteristics of industrial production activities.

To address these shortcomings, the draft law proposes a number of innovative policies. In addition to tax and credit incentives, enterprises investing in key industries would be given priority access to strategic resources or opportunities to participate in large-scale projects.

In return, they would be required to make specific commitments on technology transfer, human resource development, the expansion of domestic supplier networks, and other development objectives.

The draft law also establishes a mechanism to monitor compliance with these commitments. Companies that fail to fulfill their obligations would lose their preferential treatment.

"If these new mechanisms are approved, we expect to attract around 500 leading global enterprises to invest and manufacture in Vietnam's key industries," said Quan. "This would enable domestic businesses to participate more deeply in global supply chains through technology transfer, workforce training, and supplier development. It would also lay the foundation for Vietnamese companies to master technologies and materials, strengthening supply chain resilience and national security."

To establish sufficiently powerful instruments for developing Vietnam's core industrial capabilities, the draft law also proposes mechanisms for procurement, government orders, task assignments, and localisation to create markets for key industrial products.

Specifically, chapter II of the draft law introduces mechanisms covering government procurement, competitive bidding, task assignments, direct contracting for the supply of strategic industrial products and services, as well as localisation requirements for key national projects, with the aim of enhancing domestic manufacturing self-reliance.

The draft also provides robust incentive and support policies for suppliers receiving government orders or direct contract awards, as well as investors implementing strategic projects.

These measures include product insurance support, price incentives, interest rate subsidies, assistance in technology acquisition, support for certain input costs, and temporary support for product consumption.

These provisions are intended to accelerate the development of domestic core industrial capabilities, reduce dependence on imports, and strengthen the economy's self-reliance.

The draft law also introduces export support measures to help secure overseas markets for key industrial products.

“The United States has the CHIPS Act, China has the Made in China initiative, and many countries have adopted government procurement mechanisms to develop strategic industrial sectors,” Quan said, adding that Vietnam also needs specific policy mechanisms to build and develop internationally competitive key strategic industries.

According to the Agency for Industry leadership, the draft law is being developed at a time when a number of related laws, including the Law on Bidding and the Law on Public Investment, are already in force.

The drafting committee will therefore study options to ensure consistency with the existing legal framework while creating sufficiently flexible mechanisms for industries of strategic national importance.

Regarding public procurement, at a recent government meeting the Ministry of Finance was instructed to study and prepare a proposal for a comprehensive revision of the Law on Bidding for submission to the National Assembly under the 2026 legislative programme.

As Vietnam accelerates efforts to achieve its target of double-digit economic growth, several proposals to reform bidding policies are expected to introduce more practical incentives, facilitating public procurement and purchasing activities while supporting the development of the country's key strategic industries.

Four key industries in HCM City see positive growth HCM City’s Index of Industrial Production (IIP) in the first 10 months of the year increased by nearly 8 per cent compared to the same period last year, propped up by high growth of electronic equipment and machinery.

GE brand trio to shape the future of key industries GE on July 19 announced the brand names of the three future companies it will create through its planned separation into healthcare, energy, and aviation.

Vietnam’s gaming industry levels up for global expansion Vietnam's gaming industry is entering a new growth phase as local developers expand beyond the domestic market, supported by rising digital capabilities, stronger investment, and growing international demand for online entertainment.

Korea’s DN Solutions eyes Vietnam’s high-tech industries South Korea’s DN Solutions is expanding its presence in Vietnam, targeting the country’s growing semiconductor, railway, aerospace, and automotive industries with advanced machine tool solutions.

DEEs are a group of severe, childhood-onset epilepsies characterized by frequent seizures, developmental impairment, and substantial unmet medical need.1 DEEs are a highly heterogeneous group of syndromes arising from a wide range of underlying etiologies.1

Clinical development has historically focused on a limited number of individual DEE syndromes, such as Dravet syndrome (DS), Lennox–Gastaut Syndrome (LGS). There are currently no antiseizure medications (ASMs) approved across all DEE subtypes, leaving many patients without suitable treatment options.2 The DEEp OCEAN trial was designed with the intention of addressing this gap.

"The DEEp OCEAN trial represents a comprehensive pivotal program in DEEs, with the most diverse DEE population studied to date," said Professor Ingrid Scheffer, lead investigator of the DEEp OCEAN trial. "By including a broad range of DEE syndromes and more than 60 different genetic DEEs, this study is designed to reflect the real-world heterogeneity of these devastating conditions."

The DEEp OCEAN trial will evaluate the safety, tolerability and efficacy of bexicaserin on countable motor seizures in people living with DEEs. The placebo-controlled, randomized multicenter trial enrolled over 350 participants aged two to 65 years and will be succeeded by an open-label extension for eligible participants.

The breadth of DEEp OCEAN positions Lundbeck to generate meaningful insights, not only into seizure control, but also into the potential best-in-class benefit-risk profile of bexicaserin across diverse DEE populations.

Bexicaserin is an oral, highly selective superagonist of the 5-HT2C receptor, a serotonin receptor subtype involved in seizure modulation. Acting via a dual mode of action, bexicaserin increases both inhibitory neuron activity while decreasing excitatory neuron function. This is consistent with the observed reduction in multiple seizure types across a broad range of DEE syndromes with various etiologies in the Phase IIa PACIFIC trial.

"The completion of randomization in DEEp OCEAN is an important milestone for the bexicaserin pivotal program, made possible by the commitment of patients, families, investigators, and advocacy communities. We look forward to headline results by the end of 2026 or early 2027," said Johan Luthman, Executive Vice President and Head of Research and Development at Lundbeck. "Additionally, we remain equally committed to the DEEp SEA trial in Dravet syndrome where we are seeing good progress in recruitment of patients and according to plan. We expect to close randomization within a few months."

Bexicaserin has received Breakthrough Therapy Designation in the U.S. and China for the treatment of seizures associated with DEEs. With randomization now complete, the multicenter DEEp OCEAN trial will continue as planned, with participants progressing through the double-blind treatment period followed by the optional open-label extension.

Positioned to be a new category leader

The combination is a transformational step for SuanNutra, delivering directly on its strategy of scaling nutraceutical science into measurable impact and expanding into food-enhancement ingredients.

The incoming businesses bring an expanded range of clinically supported branded ingredients and owned botanical extraction at source, scientifically backed fermented vitamins and minerals, together with plant-derived natural colours, antioxidants and flavours.

The combined manufacturing footprint spans botanical extraction in Spain, Slovenia and Peru and fermentation in the United States. The merged group will have around 700 employees serving more than 1,200 customers in over 60 countries. Customers will continue to be served seamlessly, without interruption, and the group will continue to invest in commercial capability, R&D and innovation across the enlarged group.

The newly combined entity strengthens SuanNutra's Visible Health strategy – clinically backed ingredients delivering wellness benefits consumers can see and feel. In food enhancement, the natural colours, antioxidants and flavours place the group at the centre of the industry's shift from synthetic dyes, preservatives and flavours to natural and clean-label ingredients.

A winning matchup of complementary expertise

Anthony Weston, Group CEO of SuanNutra, said: "The engaged, experienced people in these businesses know the products and customers deeply, and that expertise is central to everything we aspire to achieve. Together we will build, grow and transform this group into a stronger partner for our customers offering manufacturing at source, clinically proven ingredients, and a broad natural portfolio across nutraceuticals and food enhancement."

Yoni Glickman, Non-Executive Chairman of SuanNutra, added: "Clinically supported branded ingredients are where this industry is heading – proven actives with the science to stand behind them. This expansion puts SuanNutra at the forefront of this transition. The move from artificial colours and preservatives to natural, scientifically substantiated ingredients is reshaping the food and health industries faster than ever."

Markus Petersen, Managing Partner of Carbyne Equity Partners, explained: "SuanNutra has a clear strategy and a management team that understands these businesses and their markets. This merger creates a botanical-based ingredients group of genuine scale and scientific credibility, and we are pleased to back the team in building it. We look forward to the opportunities these teams and SuanNutra will create together."

Mai Karas, Investment Director of Carbyne Equity Partners, concluded: "Specialty ingredients are at the heart of Carbyne's investment strategy. This transaction brings a global range of natural ingredients into the group and deepens our focus on the sector."

HSF Kramer acted as legal counsel to SuanNutra and Carbyne and EY acted as financial advisor

The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.

Citigroup Global Markets Inc. ("Citigroup") is acting as sole bookrunner and representative of the underwriters. The Company has granted the underwriters a 45-day option to purchase up to 4,875,000 additional units at the initial public offering price to cover over-allotments, if any.

This offering will only be made by means of a prospectus. Copies of the preliminary prospectus relating to the offering and final prospectus, when available, may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (800) 831-9146.

A registration statement relating to these securities has been declared effective by the U.S. Securities and Exchange Commission (the "SEC"). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

The event took place on July 15, bringing together suppliers and strategic partners alongside representatives from the European Chamber of Commerce in Vietnam's (EuroCham) Green Growth Sector Committee and the Nordic Chamber of Commerce in Vietnam to celebrate partnerships and formally launch the programme.

More than a supplier gathering, the event served as a platform for strategic dialogue, knowledge sharing, and collaboration on responsible sourcing, operational excellence, and advancing sustainability across Carlsberg Vietnam's value chain.

Supplier Day brought together partners from across the value chain to strengthen collaboration and shape a more sustainable future

"Behind every great beer is a network of partners who make it possible. Our suppliers have been a vital part of Carlsberg Vietnam's development, and they'll continue to play a critical role as we bring Brewing Tomorrow to life," said Andrew Khan, managing director of Carlsberg Vietnam.

"Brewing Tomorrow is about creating long-term value beyond our breweries – for our people, consumers, partners, communities and the environment. Achieving that ambition requires trust, shared responsibility and continuous innovation across our value chain. Supplier Day is an opportunity to celebrate what we've built together while strengthening the collaboration that will shape our future," he said.

Andrew Khan, managing director of Carlsberg Vietnam, shared the company's vision for driving sustainable growth

The importance of collaboration was also highlighted by Frank Pogade, vice chairman of EuroCham's Green Growth Sector Committee, who shared perspectives on sustainable water management and the role of cross-sector partnerships in accelerating Vietnam's green transition.

"Water is one of Vietnam's most pressing sustainability challenges. While the technologies already exist to improve water efficiency, lasting impact depends on stronger collaboration between businesses, policymakers and industry. By sharing knowledge, creating practical frameworks and working together across the value chain, we can unlock more sustainable solutions that benefit both business and society," said Pogade.

Brewing Tomorrow is Carlsberg Group's long-term ESG programme, embedding sustainability into every aspect of how the business operates and grows through four priorities: Cutting Carbon, Protecting Nature, Inspiring Choices, and Empowering People.

Brewing Tomorrow is built around four priorities that guide Carlsberg Group's ESG vision

Nguyen Thi Thu Huong, corporate and government affairs director of Carlsberg Vietnam, shared how the Brewing Tomorrow framework is guiding the company's sustainability journey

Cutting Carbon

At the heart of Carlsberg Vietnam's sustainability journey is Phu Bai Brewery, which became Carlsberg Group's largest beer production site in Asia following its expansion in August 2025. Equipped with next-generation brewing technology, the brewery has reduced water consumption by around 20 per cent and energy consumption by approximately 15 per cent compared with previous brewing technology.

Carlsberg Vietnam is also advancing renewable energy adoption through its upcoming rooftop solar project and roadmap towards Direct Power Purchase Agreements, supporting Carlsberg Group's ambition of achieving net-zero emissions across its value chain by 2040.

Protecting Nature

Responsible resource management remains central to Carlsberg Vietnam's operations. As of April, Phu Bai Brewery uses about 2.1 litres of water per litre of beer produced, making it one of Vietnam's most water-efficient breweries. Earlier this year, the company also achieved Zero Waste to Landfill, ensuring all non-recyclable waste is diverted for energy recovery while wastewater treatment sludge is repurposed for agricultural use. All of its glass bottles are returnable, with 98.5 per cent collected and reused, supporting a more circular packaging system.

Inspiring Choice

Creating a more sustainable future is shaped by major investments and by the choices people make every day. Through Brewing Tomorrow, Carlsberg Vietnam encourages responsible drinking and safer mobility through its long-term partnership with Grab, while bringing employees, partners, and local communities together through beach clean-ups, cycling events, and other environmental initiatives that inspire collective action.

Empowering People

At the centre of all these efforts are people. Carlsberg Vietnam is empowering its people by fostering a safe, respectful and inclusive growth culture where everyone can thrive. This includes strengthening its zero-accident culture, advancing women in leadership and ensuring everyone feels valued and included, supporting Carlsberg Group's ambition of achieving 42 per cent women in senior leadership roles by 2032.

Carlsberg Vietnam’s Supplier Day marked more than the launch of Brewing Tomorrow in Vietnam. It reflected the company's belief that meaningful progress is built through partnership, and reaffirmed its commitment to working alongside its suppliers, partners and local communities to brew a more sustainable tomorrow together.

How Carlsberg Vietnam is building high-performing teams through trust and empowerment At the Work the Nordic Way 2026 conference hosted by NordCham Vietnam, leaders from Carlsberg Vietnam shared how trust, empowerment, and people-first leadership are helping shape stronger teams, faster execution, and a more resilient growth culture.

Brewing Tomorrow: How Carlsberg Vietnam is turning sustainability into everyday action at World Environment Day 2026 More than 150 volunteers from Carlsberg Vietnam, including senior leaders, employees, family members, local residents, and representatives from the Embassy of Denmark in Vietnam, joined a beach clean-up activity in Danang as part of the company’s World Environment Day 2026 programme, reaffirming its long-term commitment to environmental action in Vietnam.

Carlsberg Vietnam earns fourth consecutive HR Asia recognition and VCCI Top 10 Green Enterprise honour Carlsberg Vietnam received two prestigious awards in July, reaffirming its long-term commitment to people and sustainable business growth.

The survey found that 57 per cent of Chinese chief financial officers (CFOs) identify Southeast Asia as the region offering the greatest growth opportunities over the next three years, ahead of Africa with 36 per cent and the Middle East with 30 per cent.

“Although traditional export models still dominate, accounting for 46 per cent of respondents, there is a clear strategic shift towards higher-commitment models such as mergers and acquisitions now represent 27 per cent, and greenfield investment accounts for 22 per cent. This signifies that Chinese enterprises are moving beyond simple trade to establish deeper operational footprints,” stated in the report.

Sunny Shao, director of ACCA China, described international expansion as a defining strategic priority.

“Going global is the most critical strategic initiative for Chinese enterprises over the next 5-10 years. As a globally international professional organisation, the ACCA boasts an extensive worldwide network,” stated Shao. “It can serve as a super connector, facilitating effective communication, dialogue, and alignment between Chinese enterprises and overseas businesses, particularly those in Southeast Asia.”

According to the report, Chinese companies are no longer expanding overseas primarily in search of lower labour costs.

“Instead, investment is increasingly centred on building integrated regional value chains that combine production, technology, financing and market access. As a result, the next phase of outbound investment will be defined less by the number of factories established overseas than by the strength of the ecosystems built around them,” stated the ACCA in its report.

For Vietnam, rather than competing solely as a low-cost production destination, it has an opportunity to position itself as a platform where international investors can integrate technology, local suppliers, distribution channels and professional services.

Sam Chen, policy and insight lead at ACCA China, asserted that Vietnam is likely a key beneficiary of the inflection point, where enterprises are shifting from a cost centre to a value centre.

“Initially, Chinese enterprises prioritise technology and products, which they often bring themselves. However, the report clearly states that in the mid-to-long-term, success depends on soft power, specifically channels, branding, and human resources. This is precisely where Vietnamese partners can add the most value,” Chen told VIR.

“By providing deep local market knowledge, distribution networks, and a skilled workforce, Vietnamese entities become indispensable collaborators rather than just subcontractors. Furthermore, Vietnam can assist with the non-financial risk identification by providing crucial support in local compliance, regulatory interpretation, and legal navigation,” Chen added.

To capture this opportunity, Chen said Vietnam must address three key challenges. “As regulatory compliance ranks as top concern for CFOs expanding overseas, Vietnam must ensure a transparent and stable legal framework to reduce the perceived high-risk environment,” he said. “The second priority is talent development. Vietnam needs to focus on developing a workforce capable of handling not just manufacturing, but also financial compliance, data analytics, and cross-cultural communication.”

Chen noted that manufacturing may remain the initial entry point, but sustaining growth will require much broader capabilities.

“In the next 5-10 years, as Chinese investors bring not just factories but also technology and research and development activities as part of the chain-based investment, Vietnam will likely experience a learning curve,” said Chen. “Vietnam will inevitably need to develop soft infrastructure, including local innovation, branding, and complex service provision. By moving up this value chain, Vietnam can expect to capture a larger share of the profit pool.”

Q2 2026 Highlights^[1]

• Group revenue of US$247 million, up 7% quarter-over-quarter (QoQ) and up 21% year-over-year (YoY).

• Precision Medicine continues to deliver strong growth, revenue of US$202 million, up 9% QoQ and up 30% YoY.

• Telix expects FY 2026 revenue and other income to be in excess of US$1 billion, with revenue tracking in line with the upper end of FY 2026 guidance of US$950 million to US$970 million plus US$40 million non-refundable other income received from Regeneron.

• United States (U.S.) Food and Drug Administration (FDA) alignment on ProstACT Global Phase 3 study of TLX591-Tx in mCRPC^[2] to advance to Part 2 in the U.S.^[3]

• BiPASS^TM, patient enrollment nearing completion for study of Illuccix^® and Gozellix^® for initial prostate cancer diagnosis in the pre-biopsy setting^[4].

• Regeneron (NASDAQ: REGN) strategic collaboration to jointly develop and commercialize next generation radiopharmaceutical therapies, initially focused on lung cancer.

• FY 2026 research and development (R&D) expenditure guidance updated to US$230 million to US$270 million, enabled by the Company's strong commercial performance and the non-refundable payment of US$40 million received from Regeneron.

Q2 2026 Revenue

Executive Commentary

Dr. Christian Behrenbruch, Managing Director and Group CEO, stated, "We delivered another quarter of growth with U.S. dose volumes increasing 7% during the quarter, driven by growing demand for Gozellix and continued strength across our PSMA^[7] imaging portfolio. This performance underscores the strength of our differentiated two-product PSMA imaging strategy and reinforces Telix's market leadership, built on clinical differentiation, supply chain resilience and commercial execution. During the quarter, we achieved key regulatory, commercial and clinical milestones across both our Precision Medicine and Therapeutics businesses. We are tracking in line with the upper end of our FY 2026 revenue guidance and are investing further in R&D to accelerate a number of high-value programs that have the potential to create significant future growth and shareholder value."

Therapeutics Business Unit

Telix continues to progress its industry-leading Therapeutics pipeline, which spans multiple product candidates and disease areas. Q2 2026 highlights include:

• TLX591-Tx (lutetium (¹⁷⁷Lu) rosopatamab tetraxetan): Achieved key regulatory milestone for ProstACT Global Phase 3 trial, with the FDA confirming that the safety data from Part 1 of the study of Telix's lead prostate cancer therapy candidate is sufficient to enable progression of Part 2 in the U.S. The FDA and Telix also achieved alignment on the Part 2 clinical trial protocol, statistical analysis plan, and ongoing safety monitoring plan. Initiation of Part 2 in the U.S. remains subject to the FDA's review of an Investigational New Drug (IND) amendment^[8]. Part 2 continues to enroll strongly in regions where recruitment is open including Australia, New Zealand, Canada, Türkiye, the United Kingdom, Singapore and South Korea and has also received regulatory approval to commence in China.

• TLX597-Tx (¹⁷⁷Lu-DOTA-HYNIC-panPSMA): OPTIMAL-PSMA study evaluating TLX597-Tx for mCRPC has recently completed patient enrollment of 120 patients^[9]. Building on initial findings of the OPTIMAL-PSMA study, the first patients have been dosed in the OPTIMAL-e Phase 2 study, evaluating TLX597-Tx for metastatic hormone sensitive prostate cancer^[10]. TLX597-Tx is a next generation small molecule PSMA-targeting prostate cancer radioligand therapy (RLT) candidate designed to improve efficacy and quality of life in earlier-stage metastatic prostate cancer.

• TLX250-Tx (lutetium (¹⁷⁷Lu) girentuximab tetraxetan): Dosed first patient in LUTEON^[11], a pivotal trial of TLX250-Tx as a monotherapy in advanced ccRCC^[12]. LUTEON will evaluate the efficacy of TLX250-Tx compared with investigator's choice of monotherapy consistent with standard of care. LUTEON forms part of Telix's global development program^[13] for TLX250-Tx, Part 1 is expected to enroll up to 40 patients.

• TLX101-Tx (¹³¹I-iodofalan): Enrolled first patient cohort in Part 1 (assessing safety and dose optimization) of IPAX BrIGHT, an international, multi-center pivotal trial of TLX101-Tx in patients with recurrent glioblastoma^[14]. The trial is open for enrollment in Australia, Austria, the Netherlands and Belgium, with approval being sought in additional jurisdictions. Completed patient enrollment in IPAX-2^[15], a Phase 1 study evaluating TLX101-Tx in patients with newly diagnosed glioblastoma, with no dose-limiting toxicities observed to date^[16].

Precision Medicine Business Unit

PSMA imaging portfolio:

Telix's Precision Medicine business continues to expand its commercial reach and support broader patient access to PSMA-PET/CT imaging^[17]. Q2 2026 highlights include:

• Rapid enrollment of 338 patients in BiPASS™ Phase 3 study of Illuccix and Gozellix for the initial diagnosis of prostate cancer, integrating non-invasive ⁶⁸Ga-PSMA-11 PET imaging prior to biopsy. Building on the clinical foundation established by the PRIMARY^[18] and PRIMARY 2^[19] studies, BiPASS™ is intended to support regulatory submissions in major markets, including the U.S., Europe and Australia.

• Completed patient enrollment in Japan in Phase 3 registrational study of TLX591-Px (Illuccix)^[20]. Telix is preparing a New Drug Application (NDA) for submission in Japan, with clinical data from the Phase 3 local study intended to support the application. In parallel, Telix's application for Conditional Approval is under review by Japan's Pharmaceuticals and Medical Devices Agency (PMDA). If granted, Conditional Approval will enable an expedited NDA review process while the final study clinical dataset is prepared.

TLX101-Px, (Floretyrosine F 18 or 18F-FET) for brain cancer imaging:

• Submitted an IND application to the FDA for Pixclara^®, a Phase 3 registrational study for indication expansion for the diagnosis of brain metastases.

• The FDA has accepted Telix's resubmitted NDA for Pixclara^®[21] and has granted a PDUFA^[22] goal date of September 11, 2026^[23].

• Telix's Marketing Authorization Application (MAA) for Pixlumi^®21 in Europe has been validated and accepted for review^[24].

Zircaix^®21 (TLX250-Px, ⁸⁹Zr-DFO-girentuximab) for kidney cancer imaging:

• Telix continues to make good progress on its Biologics License Application (BLA) resubmission for Zircaix^®21 in the U.S. Final Chemistry, Manufacturing and Controls (CMC) documentation is nearing completion. Consistent with TLX250-Px's Breakthrough Therapy designation, Telix has maintained regular consultation with the FDA and expects to resubmit the application shortly.

Telix Manufacturing Solutions (TMS): Expanded global operations

TMS continues to expand its global operations which are fundamental to Telix's future growth, supporting supply chain resilience. Q2 2026 highlights include:

• Opened TMS North Melbourne, in partnership with the Melbourne Theranostic Innovation Centre (MTIC)^[25]. The purpose-built facility combines radiochemistry laboratories, clinical product manufacturing, patient dosing and imaging that aims to provide advanced clinical infrastructure and R&D capabilities to accelerate the development of targeted radiopharmaceuticals.

• TMS Brussels South successfully completed its first Good Manufacturing Practice (GMP) production run of a lutetium-based therapeutic candidate, representing a significant operational milestone and further validating the facility's capabilities to support the manufacture of Telix's next-generation therapeutics.

• Installed ARTMS' QUANTM^® Irradiation System (QIS^®) at TMS Yokohama, expanding isotope production capabilities and enabling local Zirconium-89 (⁸⁹Zr) manufacturing to support Telix's portfolio. The installation represents further progress in scaling the ARTMS network and advancing toward the Company's target of 50 QIS^® installations globally by the end of 2026.

Corporate Updates

Telix entered into a strategic collaboration with Regeneron to jointly develop and commercialize next-generation radiopharmaceutical therapies^[26]. The strategic partnership combines Telix's radiopharmaceutical development, manufacturing and supply chain capabilities with Regeneron's leading antibody discovery and development platforms, creating a framework to advance multiple novel oncology programs and further strengthen Telix's position in Precision Medicine. On execution of the agreement, Telix has received an initial non-refundable payment from Regeneron of US$40 million.

Telix also completed a refinancing of its existing convertible bond structure, issuing US$600 million of new convertible bonds due 2031 and repurchasing all outstanding 2029 convertible bonds^[27]. The transaction extends debt maturities, enhances financial flexibility and further strengthens the Company's capital structure, supporting the execution of Telix's long-term growth strategy, including developing its late-stage therapeutics pipeline.

Three new Non-Executive Directors were appointed during the quarter as part of Telix's Board expansion and succession planning. Effective May 11, 2026, David Gill, Maria Rivas, MD, and William Jellison^[28] joined the Board, further strengthening the Board's clinical, commercial, financial and governance expertise, enhancing the Company's capabilities as a dual-listed, commercial stage biopharmaceutical company.

FY 2026 guidance

• Telix expects FY 2026 revenue and other income to be in excess of US$1 billion, with revenue tracking in line with the upper end of FY 2026 guidance of US$950 million to US$970 million plus US$40 million non-refundable other income from Regeneron.

• Revenue guidance reflects product sales in jurisdictions with a marketing authorization, and a full year of revenue contribution from RLS.

• Telix has updated FY 2026 R&D expenditure guidance to US$230 million to US$270 million, subject to achieving ongoing global clinical data outcomes and development milestones. The additional investment will support the advancement of high-value clinical programs beyond the Company's original R&D forecast, including acceleration of the TLX597-Tx program and label expansion for Pixclara^®, and progression of the Regeneron strategic collaboration.

For more information, visit www.telixpharma.com

[1] The financial information for the quarter ended June 30, 2026 is unaudited.

[2] Metastatic castration-resistant prostate cancer.

[3] Telix ASX disclosure July 2, 2026. ClinicalTrials.gov ID: NCT06520345.

[4] ClinicalTrials.gov ID: NCT07052214.

[5] Primarily sales of Illuccix and Gozellix in our Precision Medicine business.

[6] Telix Manufacturing Solutions (TMS) third-party revenue predominantly driven by RLS Radiopharmacies (RLS), excludes Illuccix and Gozellix sales and TMS inter-segment revenue.

[7] Prostate-specific membrane antigen.

[8] Telix ASX disclosure July 2, 2026.

[9] Telix LinkedIn June 25, 2026. Australian New Zealand Clinical Trials Registry ID: ACTRN12625000971437.

[10] Telix media release July 16, 2026. Australian New Zealand Clinical Trials Registry ID: ACTRN12626000034336.

[11] Telix media release July 21, 2026. ClinicalTrials.gov ID: NCT07197580.

[12] Clear cell renal cell carcinoma.

[13] Telix's global development program for TLX250-Tx includes the separate LUTEON ATLAS study in the U.S. and Europe.

[14] ClinicalTrials.gov ID: NCT07100730.

[15] ClinicalTrials.gov ID: NCT05450744.

[16] Telix media release May 19, 2026.

[17] Imaging of prostate-specific membrane antigen with positron emission tomography/computed tomography.

[18] Emmett et al. Eur Urol. 2021.

[19] Buteau et al. Lancet Oncol. 2026. ClinicalTrials.gov ID: NCT05154162.

[20] Telix media release July 17, 2026. Japan Registry of Clinical Trials identifier: JRCT2031250473.

[21] Brand name subject to final regulatory approval.

[22] Prescription Drug User Fee Act.

[23] Telix ASX disclosure April 10, 2026.

[24] Telix media release May 1, 2026.

[25] Telix media release July 16, 2026.

[26] Telix ASX disclosure April 13, 2026.

[27] Telix ASX disclosure April 23, 2026.

[28] Telix ASX disclosure April 2, 2026. Telix ASX disclosure April 9, 2026.

The 2026 Guangdong Province – ASEAN Supply Chain Cooperation and Trade Promotion Conference took place from July 15–16 in Guangzhou, bringing together more than 1,000 representatives from management agencies, trade promotion organisations, industry associations, and businesses from China and ASEAN.

On the occasion, KN Industrial City (KNIC) also strengthened investment, technology, and supply chain ties between Guangdong businesses and the Vietnamese and ASEAN markets.

First held in 2025, the conference continues to expand its role in connecting production, investment, and trade resources between Guangdong and Southeast Asian countries. This year's programme focuses on three main areas: the application of artificial intelligence in industrial upgrading, cooperation in new energy, and coordination of industrial and supply chains between Guangdong and ASEAN.

KN Holdings was the only ASEAN enterprise invited to present a paper at the conference. In her speech, Le Nu Thuy Duong, vice president and general director of KN Holdings and a member of the Vietnam-China Friendship Parliamentary Group, shared her perspective on the shift in global supply chains, the potential for cooperation based on the strengths of Vietnam and Guangdong, and the role of industrial infrastructure in attracting new-generation investment capital.

"The global economy is entering a phase where investment decisions and supply chain arrangements are considered based on more criteria than ever before. The selection of supply chains today is based on many factors, from cost, resilience, and connectivity to the capacity for innovation and adaptation to global fluctuations," said Duong.

Le Nu Thuy Duong, vice president and general director of KN Holdings

In this context, Vietnam and Guangdong possess complementary strengths. Guangdong is one of Asia's leading manufacturing, technology, and innovation centres, with a relatively complete industrial ecosystem and large-scale production capacity. Vietnam has an open economy, an increasingly improved investment environment, and a network of free trade agreements connecting it with over 60 economies.

The close geographical proximity between the two markets facilitates the connection of production, logistics, human resources, and technology transfer. This provides a foundation for businesses from both sides to expand their markets and participate in value chains with higher technological content and added value.

According to a representative from KN Holdings, the restructuring of the supply chain is opening up opportunities for Vietnam to become an increasingly important link in the region's production, logistics, and technology network. To transform these opportunities into effective ventures, Vietnam needs to continue improving the quality of infrastructure, support services, human resources, and the ability to link foreign-invested enterprises with the domestic production sector.

With nearly 50 years of experience across real estate, services, renewable energy, industrial parks, and logistics, KN Holdings identifies modern, synchronised infrastructure and a supporting service ecosystem as key foundations for attracting investors and strengthening regional supply chain connections.

In Dong Nai, the group is developing next-generation industrial parks with a total scale of over 2,000 hectares, oriented towards green, smart, technology-integrated, and connected to the transportation and logistics infrastructure of the Southern key economic region.

The projects are located near Long Thanh International Airport, conveniently connected to the Cai Mep–Thi Vai deepwater port cluster and the inter-regional highway network. This advantage allows businesses to shorten transportation time, optimise logistics costs, and increase the ability to connect goods with international markets.

In the group's industrial development strategy, KNIC plays the role of a focal point for investment promotion, connecting international businesses with the industrial ecosystem in Vietnam. The unit is actively attracting investment into three industrial parks in Dong Nai, including Bau Can–Tan Hiep, tentatively named KNIC Nam Long Thanh; Xuan Que–Song Nhan, KNIC is planning to name Dong Long Thanh and Long Duc 3.

Besides developing industrial infrastructure, KNIC aims to complete the supporting service ecosystem, connecting investors with management agencies, trade promotion organisations, industry associations, and professional partners. Through activities such as introducing the investment environment, connecting businesses, and surveying production facilities, KNIC focuses on approaching technology, manufacturing, and logistics corporations seeking new investment locations in Southeast Asia.

As part of its activities in Guangdong, KNIC worked with local organisations, associations, and businesses, and signed a memorandum of cooperation with three Guangdong enterprises, including partners in Shenzhen, on July 14. These agreements provide a basis for further exchanges on investment opportunities, technology transfer, and supply chain connectivity with the industrial ecosystem in Dong Nai.

Through these activities in Guangdong, KN Holdings and KNIC expect to contribute to attracting high-quality foreign investment, expanding technological cooperation, and strengthening supply chain linkages between Vietnam and China, while also playing a role in connecting international investors with the next-generation industrial ecosystem in Dong Nai.

KN Holdings kicks off infrastructure construction of KNIC Nam Long Thanh project Bau Can - Tan Hiep Industrial Park, also known as KNIC Nam Long Thanh, held a general contractor kick-off ceremony for the first phase of its infrastructure works in Dong Nai, marking the official start of on-site construction on May 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.

KN Holdings advocates for better housing in Dong Nai Dong Nai People's Committee held a launch ceremony on March 28 for an initiative to eliminate temporary and dilapidated houses.

Vinh Long People’s Committee Chairman Tran Tri Quang inspects National Highway 57 bypass progress

In addition, the province is ramping up preparations for other ventures, such as Cua Dai Bridge to connect Vinh Long and Dong Thap; the coastal road linking Ben Tre, Tien Giang, and Tra Vinh; Co Chien 2 Bridge, connecting Ben Tre and Tra Vinh; the coastal corridor of the Tra Vinh area; and Ho Chi Minh City-Soc Trang Expressway.

According to Vinh Long Transport Project Management Unit, the province has plans to allocate $217 million in capital for 2026, including $30.3 million from the state budget and $88 million in carry-over central funds from 2025. The remainder comes from the provincial budget, lottery revenues, and land-use fee collections.

As of July 12, the province has disbursed around $67 million, equivalent to 30 per cent of the annual plan. By October, the figure is expected to reach approximately $130.8 million, or 60 per cent of the plan.

Tran Tri Quang, Chairman of Vinh Long People’s Committee, said that despite considerable efforts, public investment disbursement, particularly for key transport ventures, remains below expectations.

“Site clearance works remain a major obstruction, directly affecting the progress of construction and capital disbursement,” Quang said. “Project owners should work closely with relevant departments and agencies to resolve outstanding issues and avoid delays to key projects. Special attention should be paid to ventures stalled by land clearance issues.”

Quang urged all parties working together to accelerate site clearance, compensation, and resettlement in accordance with regulations.

Besides transport ventures, the province is also addressing delays to pull in investment into its IPs and economic zones (EZs). Accordingly, Vinh Long has one EZ covering 39 hectares, five IPs in operation with a combined area of 720ha, and six IPs in the pipeline covering over 1,470ha.

In the first six months of 2026, investment attraction has picked up. Vinh Long Economic Zones Management Board welcomed 10 delegations to explore investments opportunities in its industrial areas, while providing guidance and support to over 100 investors. The board also granted five multi-million-dollar investment approvals and approved adjustments to 30 investment registration certificates, while six investment ventures were terminated.

The province’s IPs and EZs are home to just over 200 valid ventures, including 83 foreign-invested ones. There are 47 ventures based in Dinh An EZ, of which 45 are domestic ventures worth $2.65 billion, and two are foreign-invested ventures worth $2.41 billion. Long Duc IP hosts 33 ventures, including 23 domestic initiatives valued at $39.6 million and 10 foreign-invested ones worth nearly $110 million, with an occupancy rate of 100 per cent.

According to the board, enterprises have maintained stable business activities this year. Industrial production reached $1.88 billion, up 12.4 per cent on-year and fulfilling just over half of the annual target. Export value totalled $1.1 billion, increasing 9 per cent, while imports reached $905 million, up 8.27 per cent.

Budget contributions amounted to $87.3 million, an increase of 9.16 per cent from a year ago. The province’s IPs and EZs currently employ more than 106,000 workers.

The board attributed the positive performance to proactive efforts in formulating quarterly growth scenarios in line with the actual situation of businesses. At the same time, efforts have been made to resolve issues and support enterprises. Key industries with strong potential are also driving the stable recovery of industrial production while increasing state budget revenues.

Acecook Vietnam opens factory in Vinh Long Acecook Vietnam put its new factory in Vinh Long province into operation on March 10 with an investment of over $200 million.

Vinh Long kicks ahead with marine-energy approach The Mekong Delta province of Vinh Long is accelerating a pivot towards a centre of marine economy and renewable energy production.

Vinh Long strives to become major clean energy hub Vinh Long has identified industry and energy as one of three economic pillars to achieve development.

The agreement was announced on July 20, with upgrades set to begin in 2027. Once complete, the entire CGV/IMAX network in Vietnam will be on the IMAX with Laser system.

“Vietnam has quickly emerged as one of IMAX’s most exciting growth markets in Southeast Asia, driven by a passionate moviegoing audience, a strengthening local-language film industry, and strong demand for the best experiences possible,” said Preetham Daniel, vice president of theatre development for India, Korea, South East Asia and Australasia at IMAX. “CGV has been an outstanding partner, and upgrading these locations to IMAX with Laser will ensure audiences in Vietnam can experience the crystal-clear image and immersive sound of IMAX.”

This agreement comes on the heels of explosive growth in Vietnam for IMAX. 2025 was the company’s best year ever in the country, with nearly $6 million in box office, driven in part by the first-ever Vietnamese-language IMAX titles; 'Money Kisses' and the recent 'A Gift From Heaven'.

The IMAX network in the country has doubled since 2022, growing to eight locations today with at least three more in backlog, inclusive of this agreement.

The CGV IMAX locations will be equipped with IMAX with Laser, IMAX's most advanced cinema experience. Developed from the ground up for maximum immersion, IMAX with Laser delivers crystal-clear 4K images, precision audio, and state-of-the-art projection technology, setting a new standard for moviegoing.

IMAX is a global leader in entertainment technology, delivering immersive cinematic experiences through proprietary software, architecture, and projection systems. Headquartered in New York, Toronto, and Los Angeles, IMAX operates 1,865 systems across 91 countries and territories.

Beta Media receives cash injection amid cinema industry's hefty losses Cineplexes startup Beta Media just received an investment of several million US dollar from Daiwa PI Partner, fueling the firm's ambitions to extend its network and create more Vietnam-made movies for local customers.

Galaxy Cinema mobilised capital from bond issuance As cinemas across the country are in adversity due to COVID-19 and the shortage of overseas blockbusters, Galaxy Cinema approached bond issuance as a solution to maintain performance.

Vietnam - one of Asia’s fastest growing cinema markets: US news site Deadline.com, a US premier news source covering the business of entertainment, including movies, television, online, digital and related areas, has described Vietnam as one of Asia’s fastest-growing cinema markets.

I have to say that I am optimistic, but not over-optimistic. I have total confidence that Vietnam’s economic development would be much better compared with the past period. 10 per cent of GDP growth might be a very hard task, and we need to see more proactive and effective mechanisms and actions from the government to make sure that happens. Nevertheless, more than 8 per cent of GDP growth this year and next couple of years is of very high possibility.

Dr. Dam Nhan Duc

Vietnam has been very successful in the past several decades with its production and export growing model. In the next period, this model will be supplemented with a infrastructure-led growing model. As in strategy, the government is now very clear about where it wants to go and how it plans to get there. Some supporting factors provide a strong foundation for achieving these objectives.

Firstly, Vietnam currently has a very strong macro environment with very low public debt to GDP. This provides Vietnam with large room for using fiscal tools to support economic growth. Secondly, Vietnam is rapidly climbing the global value chain, as it is now targeting high-tech integration like semiconductor fabrication, AI, and digital transformation. Thirdly, with a population of more than 100 million and a growing working-age population, Vietnam has a rapidly expanding middle class.

Within this framework, the private sector serves as the primary engine, productivity establishes the cornerstone, spearhead industries drive the breakthroughs, and the banking system assumes the pivotal role of channelling capital and guiding the overall quality of growth.

What are the key factors to achieve a 10 per cent annual GDP growth target?

Supply-side solutions are required. International experience demonstrates that no economy can sustain a 10 per cent growth rate over the long term by relying solely on aggregate demand policies. To achieve sustained high growth, successful nations have uniformly formulated and implemented impactful supply-side policies, propelling themselves to global leadership positions in specific strategic sectors.

For South Korea, this manifested in the chaebol model, featuring pioneering corporations in heavy industries, chemicals, electronics, semiconductors, and automotive, heavily backed by government-enabling policies. Taiwan positioned itself as a pioneer in advanced chip and semiconductor manufacturing, moving upstream within the global value chain. China established itself as the “factory of the world”, dominating assembly and manufacturing sectors, with its economic growth further bolstered by massive infrastructure investment and robust research and development activities.

Consequently, Vietnam must design supply-side solutions and prepare risk management frameworks to navigate an increasingly volatile international landscape. In addition, its traditional development trajectory – anchored in low-cost labour, export processing, and attracting overseas funding via labour cost advantages – is rapidly approaching its structural limits.

The emerging global landscape presents novel variables and opportunities arising from global supply chain restructuring, alongside the advent of technologies like semiconductors and AI, and frontier sectors like renewable energy. These elements constitute the foundational infrastructure shaping new growth spaces.

The government has charted this strategic direction, and numerous enterprises have mobilised. While Vietnam has achieved considerable success in software services, application development, systems integration, and maintenance to generate rapid near-term revenue, the long-term focus must prioritise foundational infrastructure development.

Infrastructure serves as the foundation and the backbone of an economy. However, technology infrastructure investments typically do not yield short-term profits and may even be perceived as capital-inefficient. Consequently, this domain should be spearheaded by the government, or by enterprises backed by solid government support. Failure to execute a strategic investment framework to master this advanced technology infrastructure, like data or AI, will prevent the success of Vietnam in the long run.

What is the role of the financial sector and MBBank in this era?

The banking system is emerging as a central link of the economy, serving as the primary capital channel for the private sector. However, the role of banks in the coming period must extend beyond merely expanding credit. It needs to shift toward enhancing the quality of capital allocation.

This means that credit flows must be strategically directed into high-productivity and high-value-added sectors such as processing, manufacturing, high technology, or renewable energy, rather than being spread too thinly as in the past.

Banks must integrate more deeply into the formation of spearhead industries. This can be achieved by providing long-term financing for foundational sectors such as digital infrastructure, data, and AI. Although these sectors involve extended payback periods and higher risk profiles, they play a decisive role in elevating national competitiveness.

Furthermore, through strategic credit policies, the banking system can incentivise enterprises to innovate technology, refine governance, and improve productivity. This active engagement will ultimately drive the transition of the economic growth model toward greater sustainability.

Additionally, the stock market with the potential of upgrading and underdeveloped corporate bond market must be promoted to share the role with the banking sector in providing medium and long-term fundings to corporates and business communities.

The integrated city is designed to integrate education, healthcare, commercial services, culture, sports, green spaces, and community amenities into a comprehensive ecosystem, providing residents with a seamless environment to live, learn, work, and enjoy leisure activities within a single urban destination.

At Hong Hac City, education has been planned as an essential piece of urban infrastructure – on par with transport networks, green spaces, and technical utilities – rather than an amenity added after the city takes shape. According to developer Phu My Hung Development Corporation, education is a key driver of long-term community development and forms the foundation for enhancing quality of life across generations.

Spanning nearly 198 hectares, the project is being jointly developed by Phu My Hung and Nomura Real Estate Vietnam, a subsidiary of Japan's Nomura Group, through its legal entity of VietinBank Trade - Union Investment JSC.

Under the master plan, the township has allocated land for eight educational institutions, ranging from preschools to high schools. The most strategically located sites, with direct access to residential neighbourhoods, have been reserved for schools rather than commercial development.

Investors visit project and explore Hong Hac City's master plan and integrated education system

Under the cooperation agreement, Hong Hac City's education complex will cover more than 22,000 square metres and accommodate approximately 2,500 students. It is planned to become a leading international education hub in northern Vietnam, establishing a bilingual education ecosystem where students can develop academically, build character, and acquire skills for an increasingly globalised world.

Also on July 18, Hong Hac City expanded its Bespoke Collection – Phu My Hung Lifestyle with the unveiling of its second mock-up house.

The first mock-up house launched in June embraced a Modern Indochine aesthetic, blending Asian heritage with contemporary architecture. The second residence adopts a Modern Zen design philosophy, emphasising minimalist living, harmony with nature, and a tranquil residential experience.

According to the developer, the Bespoke Collection – Phu My Hung Lifestyle is designed for homebuyers seeking fully fitted residences that are ready for immediate handover and occupancy.

The product line is particularly well suited to professionals and expatriates living and working in Bac Ninh, a province home to a growing concentration of industrial parks, high-tech enterprises, and an expanding international workforce, all of which are driving strong demand for high-quality, move-in-ready housing.

The fact that Hong Hac City is authorised to sell homes to foreign buyers further broadens the potential customer base for the Bespoke Collection – Phu My Hung Lifestyle, enhancing the appeal and competitiveness of the product line in the market.

Construction at Hong Hac City is progressing in line with the project's development roadmap. The first batch of homes in Zone F1-1 of the Hong Phat subdivision, together with key facilities including the main entrance and show homes, is scheduled for completion in December 2026.

The entire Hong Phat subdivision (Zone F) is expected to be completed by the end of 2027, marking the next phase in bringing the township into operation as planned.

Phu My Hung receives two prestigious real estate awards Phu My Hung Urban Area has been named among the Top 10 Most Liveable Urban Areas in Vietnam at the second Vietnam National Real Estate Awards 2026.

Hong Hac City approved for foreign homeownership The Bac Ninh People's Committee has issued an official document publicly announcing the eligibility of foreign organisations and individuals to own residential properties within the Hong Hac–Xuan Lam Eco-Urban Area development.

Before the partnership was announced, EBOOST had already established one of Vietnam's leading EV charging networks, operating more than 2,500 charging points and serving over 10,000 EV users nationwide.

The initial collaboration focused on enabling Grab's driver-partners to conveniently access EBOOST's charging network, helping reduce operating costs while accelerating the transition to electric mobility.

With Grab's backing, EBOOST will further strengthen its financial capacity to accelerate the expansion of its charging network across Vietnam and will continue to play a driving force in developing Vietnam's public charging infrastructure and supporting the country's transition to sustainable transportation.

One of the key drivers behind this strategic investment is the tangible value created by integrating EBOOST's charging platform with Grab's ecosystem. Since April, EBOOST's charging network has been directly integrated into the EV Charging feature within the Grab Driver app, enabling Grab-Car driver-partners to locate nearby stations, initiate charging sessions, and complete payments seamlessly. To date, hundreds of charging points have been successfully integrated into the system.

The partnership has already shown strong early results. More than 70 per cent of driver-partners continue using the service within the first seven days, reflecting high user engagement and recurring demand.

For EBOOST, the integration strengthens charger utilisation and recurring revenue while providing a scalable foundation for further expansion of Vietnam's EV charging infrastructure.

In the next phase, Grab and EBOOST will extend the same seamless charging experience to electric motorbike driver-partners, integrating thousands of additional charging points.

Grab's investment validates EBOOST's ability to deliver a flexible, secure, and scalable EV charging ecosystem. EBOOST's infrastructure, powered by a proprietary software platform, is designed to support both electric cars and motorbikes, enabling seamless expansion across vehicle types and use cases.

The partnership creates strategic value for both companies. For Grab, it supports the company's ambition to accelerate electric mobility adoption by providing driver-partners with convenient, cost-competitive charging access. For EBOOST, the partnership provides access to a large and growing user base, strengthens charger utilisation, and reinforces its position as a leading EV charging platform provider.

With a flexible business model, EBOOST operates charging networks across a wide range of locations – from office buildings and residential developments to public destinations and parking facilities – playing a key role in accelerating the electrification and digitalisation of transport in Vietnam.

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