According to Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam’s seafood exports totalled nearly $6.86 billion in the first seven months of 2026, an increase of 11.5 per cent on-year. In July, seafood exports reached $1.1 billion, up 4.8 per cent compared to the same period in 2025.

China and Hong Kong remained Vietnam’s largest seafood market in July, importing more than $267 million, up 24.7 per cent on-year. During the first seven months, exports reached nearly $1.74 billion, an increase of 34.5 per cent.

Exports to the United States exceeded $159 million in July, up 6.3 per cent, while cumulative exports reached more than $1.05 billion, increasing just 0.3 per cent.

Exports to Japan totalled more than $144 million in July, rising 3.8 per cent, while cumulative exports increased 2.6 per cent. Exports to CPTPP markets reached more than $1.783 billion during the first seven months, up 8.1 per cent, making the bloc one of Vietnam’s most stable export destinations.

In contrast, exports to the EU declined 10.9 per cent in July and 2.7 per cent over the first seven months. South Korea fell 10.8 per cent in July, ASEAN declined 6 per cent, and the Middle East dropped 16 per cent.

VASEP noted that the scenario of seafood exports exceeding $12 billion in 2026 remains achievable following the $6.86 billion recorded during the first seven months. However, export growth in the remaining months of the year is expected to slow considerably from the current 11.5 per cent pace. The most immediate challenge comes from the US Section 301 tariff. The 12.5 per cent tariff imposed on Vietnam creates three concrete consequences.

First, new contracts with US buyers are likely to be renegotiated. Importers may request lower free on board prices, tariff-sharing arrangements, or shorter-term agreements.

Second, Vietnam is placed at a competitive disadvantage compared with Ecuador, India, and Indonesia, which face a 10 per cent tariff. This difference is particularly important for whiteleg shrimp, canned tuna, and standard frozen seafood products.

Third, the new tariff is applied on top of MFN duties, anti-dumping duties, and countervailing duties where applicable. Consequently, purchasing decisions will increasingly be made based on individual exporters and specific product lines rather than simple country-to-country comparisons.

"On the positive side, Vietnam has introduced regulations prohibiting the import of goods produced with forced labour, effective from early September 2026. This provides a basis for continued dialogue with the US. However, in the short term, there has been no official indication that the 12.5 per cent Section 301 tariff will be revised in the near future,” VASEP added.

Vietnam's seafood exports approach $5.8 billion in first half of 2026 Vietnam's seafood exports reached nearly $5.8 billion in the first half of 2026, up 12.8 per cent on-year, driven by stronger demand, market diversification, and improved product restructuring.

China imports $1.4 billion of Vietnamese seafood in first half of 2026 Stronger demand from China – Vietnam's largest shrimp export destination – is creating fresh momentum for the industry's growth amid continuing uncertainty in the US market.

Seafood Expo Asia draws exhibitors from four continents Seafood Expo Asia drew first-time exhibitors from four continents, with new national pavilions spanning wild-capture fisheries to smart aquaculture technology reflecting Asia's growing seafood demand.

According to the announcement on August 6, Gong cha, which is known around the world of its high quality, freshly brewed whole leaf tea made with premium ingredients, operates nearly 2,200 stores across 33 markets, with leading positions in key markets across Asia-Pacific including Japan, South Korea and Australia, alongside a growing presence across the Americas and Europe.

The company deploys a capital-light franchise model, underpinned by its Gong cha 2.0 “Digital Kitchen” – its flexible store blueprint centred around its innovative drinks dispensing technology, and serves more than 150 million beverages annually to customers.

Bain Capital will work closely with Gong cha’s highly experienced management team to support the company’s next phase of growth while keeping operational excellence, and customer experience that have underpinned the brand's success.

This will focus on continuing the company’s disciplined store expansion programme in Japan and Korea, where the brand has built a highly loyal customer base and established strong brand recognition, while accelerating its growth in the US, where Gong cha’s direct franchising model and contracted pipeline provide a multi-year runway for unit growth. Alongside this, the company will focus on deepening customer engagement through product innovation, digital marketing, and loyalty initiatives.

Bain Capital brings extensive experience in the global consumer, retail, and restaurant sectors to the partnership, including investments in Domino’s Pizza Japan, Skylark, York Holdings, Fogo de Chão, Sizzling Platter, Gail’s and Retail Zoo. The firm’s hands-on operational approach has supported franchise businesses across store development, franchisee recruitment, marketing, and supply chain efficiency.

“Gong cha has built a distinctive and globally recognised brand with a loyal customer base and franchisee economics that are among the strongest in the sector. The management team’s disciplined approach to store expansion has created a strong platform with significant room to grow across Asia-Pacific, including in Japan, and the Americas. We look forward to partnering with the team to support the next phase of the Group’s growth and continuing to develop its operations and marketing, which has been fundamental to its success to date,” said Naofumi Nishi, a partner at Bain Capital.

“We are grateful to TA for its partnership and shared commitment to Gong cha’s long-term success” said Paul Reynish, Global CEO of Gong cha. “TA’s investment has been instrumental in supporting our global expansion and the continued development of our business model. As we begin this next chapter with Bain Capital, we look forward to building on this momentum and bringing more high-quality whole leaf tea to consumers around the world.”

Edward Sippel, managing director at TA, said, “Gong cha is an excellent business with a talented leadership team and strong foundation for continued growth. We’re proud of what the team has accomplished and look forward to watching the company’s next chapter unfold,”

The financial terms of the transaction were not disclosed. The deal is expected to close in the fourth quarter of 2026, subject to customary closing conditions.

Vietnam's M&A market enters more selective phase Vietnam's M&A market is entering a more selective phase as investors increasingly prioritise high-quality assets and long-term value creation over transaction size.

AllianzGI acquires UOB Asset Management, including its Vietnam operations Allianz Global Investors, one of the world’s leading active asset managers, has entered into an agreement to acquire UOB Asset Management, the asset management business of Singapore-headquartered UOB Group.

Discipline shapes M&A environment Experts in Vietnam are cautiously positive in terms of dealmaking for the rest of 2026 after momentum improved in the second quarter, and new acquisitions continue to move forward.

High-level conference sessions featuring leading Vietnamese and international speakers will discuss the outlook and future direction of Vietnam’s industrial property market.

There will also be recognition of organisations demonstrating leadership in green industrial development; an exhibition showcasing products, services, projects, and innovative eco-IP models; and investment networking activities and industrial site visits to exemplary developments.

Time: 1–8pm, August 26, 2026

Venue: The Reverie Saigon, Ho Chi Minh City

Organisers: Vietnam Investment Review in partnership with the Vietnam Industrial Real Estate Association

Please visit vipf.vir.com.vn for details

INSEE high-tech ecocycle factory in An Giang province, Photo: Le Toan

Speaking at a late July forum on developing smart and eco-industrial parks (eco-IPs) organised by the Vietnam Chamber of Commerce and Industry in Dong Nai, Mickaël Driol, CEO of Mekong Partners, said that Vietnam’s competitive advantage in attracting foreign direct investment is entering a new phase of transformation.

“Vietnam can no longer rely solely on low labour costs, a strategic location, and incentives to attract investors. In the coming years, the ability to meet green standards, manage emissions, and develop industrial ecosystems will become the key competitive advantages,” Driol said.

He noted that green compliance and supply chain resilience have become prerequisites for joining global value chains rather than costs to manage.

“New EU regulations such as the Carbon Border Adjustment Mechanism (CBAM), the EU Deforestation Regulation, and stricter traceability requirements mean investors increasingly evaluate companies based on emissions data and Scope 3 emissions,” he added.

While Vietnam remains well positioned to benefit from global supply chain realignment thanks to strong trade growth and robust foreign investment inflows, Driol stressed that supply chain resilience and market access now matter as much as cost competitiveness in decisions.

“Against this backdrop, eco-IPs would become the new benchmark for industrial development. Eco-IP certification is a strategic tool to lower operating costs, comply with CBAM, and attract international financiers,” he added.

Driol proposed a next-generation IP model centred on decarbonisation, digitalisation, and connectivity by integrating renewable energy, smart grids, real-time emissions monitoring, industrial symbiosis, and green logistics into a unified ecosystem.

Talking with VIR, Hardy Diec, COO of KCN Vietnam, said sustainability criteria are playing an increasingly important role in site selection decisions.

“Green development is becoming a key component of the competitive advantage of both IPs and manufacturers,” Diec said. “As environmental, social, and governance requirements and emissions standards become more deeply embedded in global supply chains, choosing industrial projects with a strong sustainability focus will enable businesses to operate more efficiently while meeting the expectations of international customers.”

According to industry experts, major international investors are seeking a green industrial ecosystem in which factories are designed and operated to meet smart standards from the outset.

This view was echoed by Bui Tan Hung, head of Gas and Renewables at TotalEnergies. He said the mindset of investors has shifted markedly: rather than focusing primarily on land costs or logistics, their first question is now whether reliable access to clean energy is available.

“Despite growing demand, however, the rollout of rooftop solar systems in IPs continues to face significant obstacles. These include conflicts of interest among stakeholders and the lack of electricity operation licences held by some IP infrastructure developers,” Hung said at a Solar & Storage Live event in July in Ho Chi Minh City.

Hung added that ensuring access to clean electricity, together with implementing direct power purchase agreements for industrial customers, remains one of the sector’s most pressing challenges.

Nguyen Kim Long, Standing Vice Chairman of Dong Nai People’s Committee, said that green transformation and emissions reduction are urgent priorities that must be addressed today.

He noted that with its large industrial base, strategic location, abundant land resources, and well-developed infrastructure, Dong Nai is well positioned to become a national leader in the development of smart, eco, and high-tech IPs.

“However, these advantages will only translate into sustainable growth if they are matched by new thinking, new approaches, and close coordination among government authorities, IP developers, manufacturers, financial institutions, research organisations, and the wider community,” Long said.

In Vietnam, the transition towards eco-IP based on international standards began in 2014. So far, five IPs have been selected as pilot projects: DEEP C in Haiphong, Amata in Dong Nai, Hiep Phuoc in Ho Chi Minh City, Hoa Khanh in Danang, and Tra Noc 1 and 2 in Can Tho.

Gene King, CIO, BW Industrial Development We see Resolution No.10-NQ/TW as one of the most consequential policy shifts for industrial real estate since Vietnam’s original wave of foreign direct investment (FDI) liberalisation. This aligns closely with what we have already been seeing on the ground: FDI is increasingly flowing into higher-value sectors such as electronics, semiconductors, AI infrastructure, and advanced manufacturing. At BW Industrial Development, high-value-added industries already account for nearly half of our ready-built factory leased area. Moreover, demand from homegrown manufacture in global supply chains is also emerging. For industrial real estate specifically, we believe this changes what “investment-ready” means. We have long said that long-term competitiveness depends not just on infrastructure, but on reliable power, a strong supplier network, workforce availability, and the government’s ability to deliver infrastructure projects on schedule. Resolution 10 formalises this same logic at the national level, tying Vietnam’s FDI targets directly to infrastructure upgrades, green and digital economy development, and stronger domestic links. The new resolution is closely aligned with our existing strategy. We believe developers who have already invested in higher-spec, power-ready facilities will be best positioned to capture the more selective, higher-value FDI this policy is designed to attract. This resolution should strengthen Vietnam’s investment environment and accelerate the industrial real estate market’s transition towards more integrated and technology-enabled industrial ecosystems. Resolution 10’s push for higher localisation also mirrors what we’re already seeing among our tenants, as Tier 1 and Tier 2 suppliers increasingly follow major manufacturers into Vietnam and build more complete supply chains here, rather than relying solely on imports. BW still has a nearly 200-hectare industrial land bank ready for development in our nationwide pipeline, giving us room to rapidly respond to any demand shift, and we’re scaling up our war chest through partnerships like a recent $120 million joint venture to address the continuing inbound facility demand from electronics, automotive, and other high-value industries. We’re also watching land constraints closely in hubs like former Binh Duong and Dong Nai province, where development timelines tend to run longer than in some regional peers, which is exactly why staying ahead on land matters. At the product level, we will continue to develop high quality, universal-spec, flexible facilities with environmental, social, and governance embedded in the base design. This includes LEED-ready specifications, rooftop solar, and multi-storey design that improve land-use efficiency. We are also investing in infrastructure ahead of demand. Our MoUs with BV Power and VSSES, for example, are designed to provide scalable power infrastructure at BW Supply Chain City for future hyperscale data centres and advanced manufacturing users.

Owner of the first Samsung’s Galaxy Z Fold8 in Vietnam. Photo: SamCenter

The event drew a lively crowd from 9am, with more than 1,000 visitors coming to the SamCenter store throughout the day to attend the event, interact with other tech enthusiasts and experience Samsung’s latest smartphones.

Nearly 100 pre-order customers completed the handover process at the event, receiving their new devices and joining on-site unboxing activities. Visitors also took part in minigames and instant photo sessions at the photobooth, while receiving gifts including Galaxy Buds Core earbuds, a 60W charger and vouchers from KATINAT and California Fitness & Yoga.

The Galaxy Z8 Series is Samsung’s latest premium foldable smartphone lineup, launched recently. The newly introduced Galaxy Z Fold8 and Galaxy Z Fold8 Ultra are priced at $1,800 and $2,000, respectively, for the standard versions with 12GB of RAM and 256GB of storage. The Galaxy Z Flip8 starts at $1,250 for the 256GB version.

Photo: SamCenter

The three new foldable models were the main attraction, offering different features and form factors. The Galaxy Z Fold8 features a 4:3 main-screen aspect ratio and weighs 201g, making it the lightest Fold model to date. It is powered by a Snapdragon 8 Elite Gen 5 processor and comes with a 4,800mAh battery and a dual-camera system with a 50MP main camera.

The Galaxy Z Fold8 Ultra features an 8-inch display and Snapdragon 8 Elite Gen 5 for Galaxy processor, along with a 5,000mAh battery and a triple-camera system led by a 200MP main camera. It also includes upgraded AI features aimed at supporting productivity and multitasking.

The Galaxy Z Flip8 focuses on portability and personalisation, with deeper integration of Galaxy AI into everyday use.

The event also attracted several well-known figures, including actor Manh Truong, a long-time user of Samsung's foldable phones. Having upgraded from the Galaxy Z Fold7, he highlighted the Multi Window feature, which allows users to handle several tasks simultaneously.

Photo: SamCenter

Through its product experience spaces, customer services and accompanying benefits, SamCenter aims to provide customers with a comprehensive Samsung shopping and product experience from their first interaction with the brand.

According to market research firm Omdia, Samsung remained the world’s largest smartphone vendor in the second quarter of 2026, shipping 60.5 million units, up 5 per cent on-year, and accounting for 22 per cent of the global market.

In Vietnam, the South Korean technology giant led the market in the first quarter of this year with a 29 per cent share, ahead of Oppo at 21 per cent, Apple at 20 per cent and Xiaomi at 18 per cent.

Despite sluggish business activity across many sectors, demand for new-generation mobile devices remains strong even at relatively high price points, reflecting Vietnamese consumers’ continued interest in new technology products.

Globally, demand for smart mobile devices and new technologies has also rebounded in several markets. Against this backdrop, Vietnam’s exports of phones and components reached $5.32 billion in June 2026, up 4.62 per cent from the previous month and 18.61 per cent on-year.

Samsung Vietnam takes 28MWp rooftop solar system into operation Samsung Electronics HCMC CE Complex (SEHC), an electronics manufacturer based in Ho Chi Minh City, has brought a 28MWp rooftop solar power system into operation, marking a milestone in its sustainability strategy.

Samsung Biologics launches all-cash bid for PolyPeptide Samsung Biologics launched an all-cash public tender offer to acquire 100 per cent of PolyPeptide Group, accelerating its multi-modality strategy and expanding its global manufacturing network across the US, Europe and India.

RE:ACT challenge aims to turn youth ideas into community impact Young innovators across Vietnam can receive up to $15,000, expert mentoring, and real-world testing opportunities through a new youth innovation challenge launched in Hanoi.

The Turkish Civil Aviation Authority also expressed appreciation for the growing cooperation between the two countries, noting that Vietnam's strategic position in Southeast Asia gives it strong potential to become a regional passenger and cargo hub. Relations between Vietnam and Turkey are deepening, with a number of cooperation projects already signed and under way. Both sides agreed to continue expanding cooperation into other areas.

Photo: caa.gov.vn

Turkish Airlines operates direct flights connecting Istanbul with Hanoi and Ho Chi Minh City, making Turkey one of the important gateways connecting Vietnam with Europe, the Middle East, and many other regions of the world. In 2025, the airline operated more than 1,100 flights, transporting over 439,000 passengers and 31,600 tonnes of cargo.

In the first six months of 2026, Turkish Airlines continued to record impressive growth with a 37.6 per cent increase in flights, a 27.6 per cent increase in passenger volume, and a 93.9 per cent increase in cargo volume compared to the same period last year.

"Turkish Airlines and Vietnam Airlines have played a key role in strengthening air connectivity between our two countries, promoting cultural exchange, trade, investment, and people-to-people ties," said Dung.

Photo: caa.gov.vn

Both sides agreed to enhance passenger and cargo transportation between the two countries. The MoU includes unrestricted passenger transport rights, increased cargo capacity to meet growing market demand, and a commitment to expanding aviation cooperation into human resource training, aircraft maintenance, ground services, airport operations, and other areas of mutual interest.

They expressed confidence that effective implementation will create new momentum for the aviation market, improve connectivity, promote trade and tourism, and open up new cooperation opportunities between airlines and businesses of the two countries.

Hanoi region to get second airport under revised aviation plan The government has formally incorporated a second international airport for the Hanoi region into Vietnam's national aviation master plan, while introducing dedicated air logistics and maintenance, repair, and operations (MRO) hubs to support long-term aviation-led economic growth.

SmartKargo signs partnership with Sun PhuQuoc Airways to digitise cargo operations US-based SmartKargo, the leading provider of cloud-native air cargo management solutions, on July 21 announced the signing of a strategic agreement with Sun PhuQuoc Airways.

US firm to explore Gia Lai airport upgrades with FLC Group A US company has partnered with FLC Group to explore public-private partnerships investment in upgrading Gia Lai's two airports, supporting Vietnam's broader push to modernise aviation infrastructure and attract international capital.

Future aviation needs to rethink engineering Mohsen Bahmani, inventor of the Floating Shoes and the propeller-free Bahmani Propulsion System, discussed with VIR the thinking behind his inventions and why future aviation may require rethinking long-established engineering principles.

Following the transaction, AEON will fully withdraw from the supermarket business in Thailand. Central Food Retail operates the Tops supermarket chain, as well as convenience stores and premium supermarkets, mainly in Thailand.

AEON entered the Thai market in 1984. The Japanese group currently operates 30 supermarkets in the country under the MaxValu and smaller format MaxValu Tanjai brands.

Around 1,300 AEON employees in Thailand are expected to retain their jobs following the transfer of the supermarkets to Central Group. Despite exiting the supermarket business, AEON will continue to operate in other sectors in the country, including the Tsuruha pharmacy chain, entertainment facilities, and financial services.

At its peak in 2016, AEON operated around 80 stores in Thailand. However, increasingly polarised consumer preferences have driven stronger demand for both premium and discount retailers, making it more difficult for AEON to differentiate itself and compete with local rivals.

AEON is stepping up efforts to improve capital efficiency and profitability. Going forward, the group is expected to focus its growth on key markets, including Vietnam, where its shopping centres have been performing well. It will also concentrate resources on markets such as Malaysia, Cambodia, and Indonesia.

Photo: AEON Vietnam

In mid-July, AEON Vietnam general director Tezuka Daisuke said there remains significant room for growth in Vietnam’s retail sector. According to the company, modern retail currently accounts for only around 15 per cent of the total retail market, well below approximately 50 per cent in Malaysia, highlighting the substantial potential for further development and modernisation.

In Vietnam, the Japanese retail group currently operates eight shopping malls, 15 general merchandise stores and supermarkets, including compact formats, 45 mid-sized supermarkets, and hundreds of convenience stores.

Under AEON Group’s medium-term strategy for 2026–2030, Vietnam has been identified as the group’s top-priority market for investment in Southeast Asia. AEON plans to allocate up to 60 per cent of its total ASEAN investment budget to Vietnam, with the aim of tripling the scale of its operations in the country.

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Photo: VNR

The draft proposes special mechanisms for the railway industrial complex project; management, maintenance, repair, renovation, and upgrading of national railway infrastructure assets; construction of commercial and office buildings at railway stations; and investment credit incentives.

The investment preparation process for the railway industrial complex project is subject to several specific policies as follows: Vietnam Rail (VNR) is allowed to consult domestic and foreign contractors and organisations regarding technology, reference prices, and potential risks during the project preparation process; this consultation must be transparent and must not provide an unfair advantage to any supplier.

VNR is allowed to decide on the use of foreign contractors for consulting and pre-implementation activities for the project.

Regarding the performance of tasks and orders for railway industrial services and railway industrial goods of the railway industrial complex, VNR is assigned and orders enterprises in which VNR has 100 per cent invested capital to perform all or part of railway industrial services and railway industrial goods in accordance with the law.

The draft clearly states that VNR is assigned the task of commissioning its dependent and independent accounting units, and commissioning its subsidiaries to carry out repairs, renovations, upgrades, and functional enhancements to national railway infrastructure assets using the company's own capital.

In cases where the state entrusts VNR with the management, maintenance, operation of national railway infrastructure, VNR shall implement initiatives to construct commercial service and office buildings within railway stations and on land designated for railways associated with stations through the selection of investors as stipulated in the 2025 Investment Law.

The MoF also proposes adding investment projects for the production, assembly, and procurement of various types of railway locomotives and carriages; specialised vehicles operating on railways; machinery and equipment for railway infrastructure maintenance; and mechanical components, systems, and parts for the production and assembly of locomotives, carriages, and railway transport vehicles to Section III – the list of investment credit loan projects issued with the government’s Decree No.78/2023/ND-CP from 2023, amending and supplementing a number of articles of Decree No.32/2017/ND-CP from 2017, on state investment credit.

At present, the draft is currently open for public comment on the MoF’s online portal.

Vietnam Railways restructuring plans approved With the approval of the restructuring plan for 2026-2030, Vietnam Railways will develop into a group model, aiming to create a driving force for the industry development and attract more investment.

More opportunities for French businesses in Vietnam’s railways Vietnamese Deputy Minister of Construction Nguyen Tuong Van on May 7 worked with a delegation of French businesses on railway investment and business opportunities.

Railway administrative procedures amended to support investment New railway industry regulations are expected to streamline administrative procedures and boost business and investment activities in the sector.

In the first seven months of 2026, exports totalled approximately $4.76 billion, representing a 23 per cent increase compared to the same period last year.

The sector’s growth was driven primarily by a recovery in durian exports, which account for more than half of the industry’s total export value.

China remained the largest export market, accounting for around 55 per cent of total export value, while the United States and South Korea continued to post positive growth.

Other Vietnamese products, including coconuts, mangoes, bananas, passion fruit, and processed fruit and vegetables, also recorded strong growth.

The sector is expanding in scale while undergoing a notable shift in its export structure, with processed products accounting for an increasingly significant share, particularly in distant and highly demanding markets such as the EU.

Data from the Vietnam Fruit and Vegetable Association (Vinafruit) showed that fruit and vegetable exports to the EU reached approximately $214.4 million in the first six months of the year, up 32 per cent on-year. In June alone, export turnover to the market increased by 38 per cent.

Notably, processed products account for a significantly larger share of exports to the EU than the industry average. While processed products currently make up around 31 per cent of Vietnam’s total fruit and vegetable export value, the proportion in the EU market is close to two-thirds.

Within the EU, the Netherlands was Vietnam’s largest fruit and vegetable import market, with export turnover reaching $117 million, up 46.8 per cent year-on-year and accounting for 54.6 per cent of Vietnam’s total exports to the bloc. Germany followed with $58.4 million, up 47 per cent, while France accounted for 14.7 per cent.

Vinafruit said deep processing is becoming an important avenue for Vietnamese agricultural products to overcome the disadvantages posed by geographical distance.

Fresh fruit and vegetables exported to distant markets often face challenges due to high air freight costs, while sea transport requires stringent preservation and storage technologies.

In fact, several processed products are recording strong growth. Exports of processed passion fruit reached $123.2 million, up 37.5 per cent, while potato exports surged 100.7 per cent and processed dragon fruit exports increased 50 per cent.

In Germany, one of the EU’s major markets, the value of processed fruit and vegetable imports from Vietnam reached $32.6 million in the first five months of the year, up 126 per cent.

Dang Phuc Nguyen, secretary general of Vinafruit, said deep processing also helps address the issue of post-harvest losses.

“Post-harvest losses of fruit and vegetables in Vietnam remain high at 30–40 per cent, significantly above the approximately 10-15 per cent recorded in Thailand,” he said.

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The proposal follows the Politburo's policy and the prime ministerial direction set out in Notice No.368/TB-VPCP dated July 11 issued by the Government Office.

The Ministry of Finance has submitted reports to the Government Party Committee and the Government Standing Committee on the plan to consolidate the four NTPs into a single overarching programme.

Photo: baodautu.vn

The four programmes comprise the NTPs on new-style rural development, sustainable poverty reduction, and socioeconomic development in ethnic minority and mountainous areas; on modernising and improving the quality of education and training; on cultural development; and on healthcare, population, and development.

Under the proposal, the MoF will report to the government for submission to the National Assembly a resolution maintaining the overall objectives and total resources for implementing the programmes, while authorising the government to prescribe in detail its contents, resource structure, and implementation mechanisms.

The consolidation plan is based on the principle of maintaining the objectives and tasks already approved by the National Assembly.

The programmes' contents will be reviewed and reorganised into groups based on the issues to be addressed, in line with the nature of the policies and objectives of each programme. At the same time, the plan must provide appropriate transitional solutions to ensure that approved tasks are not disrupted.

Another notable element is the restructuring of the state budget towards a target ratio of 75 per cent for public investment capital and 25 per cent for recurrent expenditure.

Management focal points will also be streamlined, with responsibilities assigned to the respective ministries in charge of sectors and fields for formulating objectives, tasks and criteria to assess implementation results based on required outputs. The MoF will perform its state budget management role in accordance with current regulations on state budget management.

On August 4, after receiving comments from government members and the Ministry of Justice, as well as consolidating proposals from ministries, central-level agencies and local authorities, the MoF submitted Proposal No.591/TTr-BTC to the government on completing the dossier for submission to the National Assembly regarding solutions to consolidate the NTPs.

Alongside research into the new management model, ministries and sectors continue to finalise policies for implementing individual programmes.

To date, the NTP on drug prevention and control and the integrated NTP covering new-style rural development, sustainable poverty reduction, and socioeconomic development have completed the full system of mechanisms, policies and implementation guidance documents.

For the NTP on cultural development, the Ministry of Culture, Sports, and Tourism has basically completed the basis for resource allocation and most management and implementation guidance documents.

Meanwhile, the NTP on healthcare, population and development and the NTP on modernising and improving the quality of education and training have completed the basis for resource allocation but are continuing to finalise implementation guidance documents.

Regarding the 2026–2030 medium-term public investment plan, the Prime Minister has assigned the first tranche of central budget capital to the integrated NTP and the NTP on drug prevention and control.

For the 2026 central budget estimate, the National Assembly has approved an allocation of $1.4 billion for implementation of the NTPs.

As of July 31, the Prime Minister had allocated more than $866.2 million to three programmes: the NTP on drug prevention and control, the NTP on cultural development, and the integrated NTP. Localities are completing plans to allocate the capital for implementation.

The MoF said that right after receiving allocation plans from ministries that meet the relevant requirements, it shall submit them to the competent authorities for consideration and approval of the 2026–2030 medium-term public investment plan funded by the central budget and the 2026 public investment capital plans for the programmes.

According to the MoF, disbursement of central budget funds for the NTPs in the 2026–2030 period remains low because most programmes are still completing procedures for assigning plans, allocating capital and issuing implementation guidance.

As of July 31, public investment capital for the 2026–2030 period had recorded disbursement of only about $3.76 million, equivalent to around 0.5 per cent of the plan. Recurrent expenditure disbursement stood at close to $1.1 million, equivalent to approximately 2.8 per cent of the estimate.

Regarding state budget funds from 2025 that the National Assembly allowed to be carried forward into 2026, the MoF is monitoring approximately $730 million in funds carried forward for implementation, including nearly $280 million in public investment capital and around $450 million in recurrent expenditure.

By the end of July, public investment capital under the programmes carried forward had reached approximately 30 per cent of the plan in disbursement, while recurrent expenditure had reached around 20 per cent of the estimate.

The MoF assessed this as a more upbeat result compared with the first months of the year, but said disbursement still needs to be accelerated to ensure completion in 2026.

Going forward, the MoF has proposed that the government continue directing ministries, sectors and localities to synchronously implement key tasks.

First, relevant ministries in charge of the NTPs should coordinate with the MoF to complete the plan for developing the overarching NTP, ensuring that the objectives and tasks of each programme are fully carried forward while improving the efficiency of resource management.

The Ministry of Health and the Ministry of Industry and Trade have been asked to urgently finalise implementation guidance documents and plans for allocating the medium-term public investment plan and the 2026 central budget estimate, so that the MoF can submit them to the competent authorities for consideration and decision.

Ministries, central-level agencies, and localities also need to urgently complete the allocation and assignment of budget estimates and ensure sufficient provision of local counterpart funding; accelerate the disbursement of 2026 funds and funds carried forward from 2025.

At the same time, they should strengthen inspections, address problems, ensure the effective use of resources, and fulfil the objectives of the NTPs.

Vietnam to host conference on national target programmes The national conference on the implementation of national target programmes for rural development and sustainable proverty reduction will be held on April 21.

Localities striving to build smart new-style rural areas Many localities are working hard to build smart rural areas, as part of a national target programme on building new-style rural areas.

VBSP expands policy lending to empower marginalised communities Vietnam Bank for Social Policies (VBSP) recorded strong credit growth and disbursement in the first five months of the year, laying the groundwork to fulfill its 2025 goal of expanding inclusive lending and supporting national development goals.

Vietnam streamlines funding for national programmes The Ministry of Finance is stepping up efforts to disburse national target programme funds, ensuring efficient use of public investment to support local development and livelihoods.

Sharma brings more than 15 years of experience building and scaling product organizations across SaaS, AI, machine learning, and platform businesses. He joins Teletrac Navman from Platform Science (Trimble Telematics), where he served as Vice President of Product Management and led the launch of AI-powered analytics and safety solutions, expanded ELD offerings, and oversaw product integration following acquisitions. He has also held senior product leadership roles at Verra Mobility, Michelin Connected Fleet, and Verizon Connect.

"Pankaj is a highly accomplished product and technology leader with a track record of driving meaningful revenue growth and bringing innovative, customer-focused solutions to market," said Alain Samaha, President & CEO, Teletrac Navman. "His experience developing growth-oriented product strategies will be a tremendous asset as we continue evolving our products and delivering value to our customers."

Sharma's appointment comes as Teletrac Navman continues to expand its product portfolio. The company recently launched Energy Hub, a new solution within its all-in-one fleet management platform TN360 that gives businesses a unified view of energy usage across mixed-energy fleets, combining EV charging visibility with traditional fuel data in a single platform. The launch follows the introduction of an Electronic Braking Performance Monitoring System, part of the company's portfolio of automated compliance products that provides a regulatory-approved alternative to traditional roller brake testing. Both releases build on Teletrac Navman's position as a standalone company following its acquisition by Respida Capital earlier this year.

"I'm excited to join Teletrac Navman at such a pivotal moment for the industry," said Sharma. "I look forward to working with the team to build products that solve real-world challenges for our customers and drive the next phase of innovation for the business."

Sharma will be based in Atlanta.

For more information visit www.teletracnavman.com.

Landis+Gyr's Edge App Ecosystem is an open, scalable platform that brings the simplicity and speed of an app-driven model to utilities, enabling real-time optimisation at the grid edge.

As distributed energy resources (DER) adoption accelerates, utilities face unprecedented grid complexity and require real-time visibility to make faster, more informed operational decisions while maintaining reliability.

Landis+Gyr's platform addresses this challenge by providing a shared foundation for edge intelligence, enabling utilities to extend operational capabilities through best-of-breed applications and analytics.

The ecosystem enables developers to deliver advanced analytics, operational optimisation and customer engagement applications within a secure, utility-grade environment, supporting predictive, data-driven decision-making.

Applications developed within Landis+Gyr's Edge App ecosystem can be deployed across utilities using the company's industry-leading Revelo^® grid sensing platform, accelerating innovation and expanding intelligent grid capabilities at scale.

Landis+Gyr, Senior Vice President David Maclean, APAC said, "This is intelligent energy, delivered, empowering utilities to unlock greater value from data and build more resilient, future-ready networks.

Innovation at the edge should be simple, scalable, and impactful. Today, our Edge Apps Ecosystem enables utilities to rapidly adopt new applications and unlock AI-driven insights.

We are excited to welcome Future Grid and OTS to our global ecosystem, bringing a growing portfolio of applications to utilities and enabling real-time intelligence and innovation at the edge."

New Partners Unlocking Next Generation Intelligent Insights

Future Grid is the leading SaaS platform that enables LV distribution networks to be managed seamlessly in real time - powered by advanced grid intelligence technology and AI-optimized analytics that transform massive quantities of data into a clear risk matrix of actions, used across globally by grid operators and utilities from compliance, field crews, grid planning to control rooms.

Operational Technology Solutions (OTS) brings deep expertise in data analytics, edge sensors, and real-time systems, enabling utilities to harness large-scale data, automate insights, and accelerate digital transformation. The company works with leading utilities to deliver advanced analytics capabilities that support the next generation of intelligent grid operations.

Future Grid and OTS join Landis+Gyr's global ecosystem of application partners, including Sense, Mitsubishi Electric and more, bringing a growing portfolio of proven applications to utilities, ready to deploy and scale at the edge.

As the energy transition accelerates, Landis+Gyr continues to expand its intelligent ecosystem by working closely with utilities and partners to co-create edge solutions that are open and deliver real impact.

David Maclean added "The future of energy is collaborative, built on shared innovation, open platforms, and a collective commitment to shaping a more intelligent, connected, and resilient grid."

For more information, please visit our website www.landisgyr.com

As organisations continue to navigate the evolving challenge of hybrid work, growing AI-driven threats, and increasingly complex mixed print fleets, the need for robust print security has never been more critical. Quocirca's research shows that two-thirds (67%) of organisations experienced at least one data loss due to a print-related security breach in the past year — up from 56% in 2025 — with the average cost of a print-related data breach now exceeding 1.3M USD.

According to the report, Ricoh's managed services, platform-based fleet visibility, and broad partner ecosystem — which together secure mixed fleets from any manufacturer, not just its own devices — are central to how it helps customers close the gap between print infrastructure and enterprise-wide security strategy.

Operationalising Security Across Print

Ricoh's recognition by Quocirca reflects its focus on treating print security as an ongoing operational discipline rather than a one-time configuration exercise.

"Print is still one of the most overlooked corners of enterprise security, so recognition like this matters — it reflects the work we do to help customers close that gap rather than treat print as an afterthought," said Kei Uesugi, Managing Director, Ricoh Asia Pacific. "As the threat landscape shifts, our focus stays the same: giving organisations the visibility and control to keep their people both productive and protected."

Key Strengths That Set Ricoh Apart

The Print Security Landscape 2026 report highlights several key strengths underpinning Ricoh's leadership position:

• Global, device-agnostic security support spanning approximately 200 countries and territories.
• Broader visibility and automation across diverse print fleets through Ricoh's platform tools.
• Assurance that refurbished devices meet the same security standards as new products.
• Continued investment in workflow and AI-driven security, including the natif.ai acquisition and a roadmap for AI-enabled data loss prevention (DLP) within RICOH Streamline NX.

Strengthening Readiness for Emerging Risks

With AI-driven threats and the eventual arrival of quantum computing reshaping the risk landscape, Ricoh continues to develop its secure print portfolio to meet the diverse needs of its global customer base.

The report specifically highlights Ricoh's RICOH Streamline NX and RICOH CloudStream print management solutions for their support of zero trust architecture, broad authentication options, and lifecycle hardening capabilities such as Automatic Remote Firmware Update and Always Current Technology.

For further information, please visit www.ricoh.com

Scale and internationalization hit new highs. The exhibition hosted over 330 exhibitors (up 5% YOY) across the entire motor and transformer supply chain, showcasing advanced technologies and products in insulation/magnetic materials, winding equipment, electrical/electronic components, motor accessories, electromechanical components, adhesives/resins/coatings, transformer components and EV drive technologies.

Over the three show days, nearly 40,000 professional visits were recorded, with overseas buyers hailing from over 60 countries and regions-a surge of 28.58% compared to 2025. The share of European and American professional buyers increased by 13% YOY, underscoring CWIEME's strong global appeal. Key visitor segments included engineer, procurement, R&D and senior management, covering motor manufacturers, EV/eVTOL/robotics OEMs, transformer manufacturers, electrical/electronic components, coils, OEMs, generators, motor control/chips and application sectors such as EV, power/energy, industrial machinery, automotive, eVTOL, humanoid robots, home appliances, medical equipment, AI, communications and consumer electronics and aerospace.

Three focus tracks drew strong targeted attendance: over 4,400 EV motor professionals, 2,100 humanoid‑robot specialists, and 1,100 eVTOL experts. The concurrent conference featured 45 industry leaders across 9 sessions covering eVTOL, humanoid robot, electric drive, motor innovation, green transformer manufacturing, policies and academic frontiers, attracting over 3,800 attendees and cementing the show as a launchpad for "HIGH-TECH, HIGH-VALUE" innovations.

Exhibitor satisfaction reached 96%. Industry leaders praised the platform: MARSILLI's General Manager noted a decade of growth alongside CWIEME; Bosch's Vice President highlighted its value for showcasing technologies and engaging customers; Jintian's Marketing Head expressed hopes for expanding global reach; and IPG's SVP emphasized its unique role in connecting high-quality partners.

As the APAC's premier one-stop international trade hub, CWIEME offers you the opportunity to: engage directly with leading suppliers, witness demonstrations of cutting-edge technologies, attend high-level forums for market insights, and connect with potential partners across EV, humanoid robotics, and eVTOL sectors in coil winding and electrical manufacturing industry.

Next edition: June 23–25, 2027 – we look forward to welcoming you again in Shanghai, China!

ESSE is a globally recognized brand that accounts for one-third of all super-slim cigarette sales worldwide, and is currently available in more than 90 countries. Last year, ESSE recorded approximately USD 770 million in global sales, exceeding KRW 1 trillion in annual sales, cementing its position as KT&G's flagship global brand.

The product lineup introduced at Istanbul Airport consists of five variants:

ESSE Blue, ESSE Change 4mg, ESSE Himalaya, ESSE Double Shot, ESSE Change Double Orange.

Istanbul Airport ranks among the world's top airports by annual passenger volume, serving as a major global aviation hub connecting Europe, the Middle East, and Asia. Last year, the airport welcomed approximately 84 million visitors and serves as one of Türkiye's key international gateways, making it an important hub in one of the world's largest duty-free markets.

KT&G had previously entered the Turkish duty-free market in June of last year, launching five ESSE variants at Antalya Airport. With this latest entry into Istanbul Airport, the company has further expanded its duty-free distribution network in Türkiye and strengthened its engagement with international travelers.

Going forward, KT&G plans to continuously expand its presence across global duty-free channels, centered on the ESSE brand, to enhance its business competitiveness and brand influence worldwide.

"This entry into Istanbul Airport duty-free represents a significant opportunity for consumers from around the world to experience KT&G products," said a KT&G spokesperson. "We will continue to expand our business through major global airports and duty-free channels, and further strengthen our competitiveness in the global market."

KT&G holds a leading position in South Korea's NGP (Next-Generation Products), health functional food sector, and combustible cigarette markets. The company has grown into a global enterprise, selling more than 870 brands in approximately 148 countries.

The Xiulin Township Office and the Asia Cement team assisted the Bsngan Tribal Council in independently organizing the 5th "Taroko • Mountain Market." In the photo, second from the right in the front row is Xiulin Township Mayor Sitang Yuci; standing in white in the back row is Chen Chih-hsien, Plant Director of Asia Cement's Hualien Plant.

The 5th "Taroko • Mountain Market" will be held from 3:00 p.m. to 9:00 p.m. on August 15–16 at the Hualien City Old Railway Pedestrian Area. This year's event brings together six communities of the Bsngan Tribal Council of Fushi Village, Taroko—Ayu,Rowcing, Dgarung, Skadang, Huhus, and Kulu—who will take turns presenting music and dance performances unique to each community. The event will also feature tribal cuisine, specialty crafts, and youth cultural-creative content, inviting the public to gain a deeper understanding of Truku culture through eating, drinking, playing, and browsing.

Using Culture to Drive Tourism, Injecting Recovery Energy into Hualien

The April 3 earthquake and recent storm damage have taken a toll on tourism in Hualien, and many local shops and tribal enterprises are still working to recover. This year, the "Taroko • Mountain Market" has specially relocated to the Hualien City Old Railway Pedestrian Area, in hopes of letting more people get to know the Truku people's cultural character up close, while supporting local industry through actual spending and injecting more vitality into Hualien tourism.

Chen Shih-cheng, Chairman of the Bsngan Tribal Council, said the Taroko Mountain Market is not just a sales platform, but is hoped to become a bridge for exchange between tribal culture and the public. This year, six communities were specially invited to jointly take part in the cultural performances, in hopes of letting more people see the cultural characteristics and life stories of different communities all at once. At the same time, through the market, cultural experiences, and tribal cuisine, the event aims to promote exchange between the public and the tribes, making culture an important force in supporting local regeneration.

Tribally Self-Run, Building a Taroko Cultural Brand

The "Taroko • Mountain Market" was first launched in 2022, initially organized by Asia Cement. After three years of capacity-building, it has developed into a major cultural brand independently planned by the tribes, and has become an important annual summer cultural event in the Taroko region.

This year's event is organized by the Bsngan Tribal Council of Fushi Village, Xiulin Township, Hualien County, aiming to build a platform that combines cultural performances, tribal industry, and tourism promotion—helping more people get to know Taroko while assisting tribal specialty products in expanding into the market. No booth fees will be charged for the event, with all vendor proceeds going entirely to the vendors themselves, allowing the cultural event to simultaneously drive local economic development. To encourage active public participation, anyone who completes the designated check-in during the event will receive a NT$100 market discount coupon and a small gift, limited to 200 per day while supplies last.

5th "Taroko • Mountain Market" Event Information

Date: August 15–16, 2026 (Saturday & Sunday)
Time: 3:00 p.m. – 9:00 p.m.
Location: Hualien City Old Railway Pedestrian Area
Organizer: Bsngan Tribal Council, Fushi Village, Xiulin Township, Hualien County

Press Contact: Lena Sun, Asia Cement, 02-2733-8000

A 'glow-cation' is the perfect opportunity for travelers to not only experience the destination but also pamper and rejuvenate themselves through a variety of beauty-focused experiences, from transformative haircuts and personal style analyses to advanced skincare treatments and wellness rituals. Discover Agoda's curated guide to five must-visit destinations in Asia offering iconic beauty experiences for every traveler:

Ho Chi Minh City, Vietnam

Ho Chi Minh City is making waves with its Toc Tầng (Layered Wolf Cut), a Vietnamese take on shaggy, layered hairstyles. The city is also known for affordable nail art, offering intricate 3D designs for a glamorous manicure. Travelers can also add on a Vietnamese head spa session for a relaxing and rejuvenating experience, making it a must-visit for beauty seekers.

Seoul, South Korea

Seoul stands out as a beauty mecca, offering sought-after K-beauty treatments like Glass Skin Facials and Aqua Peeling. These multi-step hydration treatments use galvanic ions and essences to achieve the coveted translucent "glass skin" look. The city is also famous for semi-permanent makeup, with world-class clinics providing brow embroidery and lip blushing. Additionally, innovative scalp spas offer treatments that are both relaxing and revitalizing, making Seoul a top destination for beauty enthusiasts.

Tokyo, Japan

Tokyo is where tradition meets trendsetting style. The Kobido Facial Massage, an ancient Japanese practice known as the "art of eternal youth," employs a manual technique that combines rapid tapping, kneading, and lymphatic drainage to naturally lift and sculpt facial contours. For those looking for a stylish transformation, the Hime cut, with its sharp, geometric layers, is a must-try. Travelers can also try onsen-inspired facial treatments using volcanic ash and mineral-rich hot spring ingredients, for a unique and luxurious skincare experience.

Taipei, Taiwan

Taipei is emerging as a hotspot in Asia for beauty lovers. Travelers can enjoy Gua Sha facials, where traditional techniques are enhanced with modern serums to offer a transformative lifting effect. Eyelash perms are another popular choice, providing a semi-permanent lift that adds allure to any look. For those seeking a playful twist, Bubble Tea Spa Treatments use tea extracts and tapioca-inspired products to create a unique skincare experience that delights the senses.

Bangkok, Thailand

Bangkok is a thriving hub in Southeast Asia for innovative beauty therapies. Visitors can indulge in IV Drip Beauty Therapy, featuring skin-brightening glutathione and vitamin C, widely available across the city. For a touch of opulence, Gold Leaf Facials offer a luxurious experience with 24k gold. Meanwhile, Thai Herbal Compress Treatments provide a holistic approach to beauty and wellness, combining traditional techniques with aromatic herbs for a soothing escape.

Jay Lee, Regional Director, North Asia at Agoda shared, "Asia offers a treasure trove of beauty and wellness experiences that are perfect for a 'glow-cation'. Travelers can try everything from unique traditional treatments to the latest, cutting-edge innovations. Agoda makes it easier than ever to book these experiences, with a wide range of beauty and style-focused activities to choose from, alongside flights, and accommodations all in one place."

Travelers seeking a 'glow-cation' can browse over 6 million holiday properties, along with more than 300,000 activities and over 130,000 flight routes, all of which can be combined in the same booking. Discover the best deals on Agoda's mobile app or visit Agoda.com for more.

Based on accommodation searches made by South Korean travelers between 1 January and 15 June this year, Goyang recorded the largest increase in travel interest among destinations hosting upcoming bakery-related events. Daejeon, Jeongseon, Suwon, and Seoul followed, rounding out the top five destinations for bakery tourism.

Goyang topped the list with a 22% increase in accommodation searches, likely driven by the "2026 Cafe & Bakery Fair Season 2" taking place from 29 October – 1 November this year. The event showcases not only coffee, desserts, and bakery products, but also coffee equipment, packaging solutions, related services, and the latest industry trends. Season 1, held from 4–7 June, attracted more than 200 participating brands and an estimated 30,000 to 40,000 visitors.

Ranking second, Daejeon recorded an 18% increase in accommodation searches. Long regarded as one of South Korea's iconic "bread pilgrimage" destinations thanks to the legendary bakery Sungsimdang, the city has continued to strengthen its reputation through unique local experiences such as the "Bread Taxi," where taxi driver Seongwoo Ahn offers visitors exclusive tours of the city's best bakeries. Interest is also expected to be fueled by two major upcoming events, "Bbangbbangrun 2026 in Daejeon," taking place on 9–10 October, and the "2026 Daejeon Bread Festival," scheduled for 17–18 October.

Jeongseon ranked third with a 17% increase in accommodation searches, likely driven by the "Bread Trail Run 2026" taking place from 12–13 September. First launched last year, the event combines running with a unique bakery experience, featuring refreshment checkpoints where participants can enjoy treats, including bread, beverages, snacks, ice cream, and chocolate. Beyond the race itself, participants can enjoy a variety of activities, including a running clinic led by a national team athlete, warm-up sessions, and photo zones.

Suwon placed fourth, with accommodation searches rising 15%. The increase is likely driven by the "Korea Coffee & Dessert Festival Season 2," scheduled for 11–13 December. As Suwon's only exhibition dedicated exclusively to coffee and desserts, the festival brings together coffee lovers, home baristas, and bakery enthusiasts to discover the latest dessert trends.

Rounding out the top five, Seoul recorded an 11% increase in accommodation searches, likely driven by the "2026 Cafe & Bakery Fair Season 2" taking place from 27–30 August. The capital also hosted Season 1 earlier this year from 25–28 February, reinforcing its position as one of the country's leading destinations for bakery enthusiasts and cafe culture.

Alex Park, Country Director, South Korea at Agoda shared, "Food has always been an important part of the travel experience, and we're seeing more opportunities for travelers who want to plan trips around finding the best bakeries, with bread evolving from a simple dessert into a destination and experience in itself. From iconic bakeries to bread festivals, Agoda is delighted to help travelers discover local culture through food while making it easy to find great-value accommodation for every journey."

With over 130,000 flight routes, more than 6 million holiday properties, and over 300,000 activities, Agoda ensures bread enthusiasts can seamlessly combine their bookings in one convenient platform throughout their journey. Discover the best deals on Agoda's mobile app and visit Agoda.com to plan the perfect summer getaway.

Escaping the sweltering summer heat, head for the coconut‑fringed charm of Hainan, China! In Wanning City, Hainan Province, the summer scorch melts away amid azure ocean waves. Renowned as an internationally celebrated surfing destination, Wanning offers visitors the thrill of riding surf across the open sea. Visitors may also stroll along the coastline, savour the sea breeze drifting through coconut groves, embrace a laid‑back coastal pace, and experience the one‑of‑a‑kind coolness unique to this island.

Nine o'clock in the morning, CTG Wave‑Chaser Resort was already buzzing with activity. Many tourists had changed into their surfing suits early, finished warm‑up exercises under instructors' guidance, and waited eagerly to step onto surfboards. Yet the surging "sea area" beneath their feet was not a natural coastline, but an artificial‑surfing space powered by advanced wave‑generating equipment.

According to introductions, the all‑season artificial surf pool right in front of us can generate 23 types of waves. Both absolute beginners to surfing and professional athletes pursuing high‑difficult maneuvers can have round‑the‑clock, safe and tailor‑made surfing experiences here.

"Man‑made ocean waves? This is absolutely fascinating." After the briefing, Kim Ji‑yong, representative of South Korean bloggers, could not hold back his curiosity and stepped onto the surfboard for a hands‑on experience.

"Surfing on artificially‑generated waves feels just like riding real ocean swells; it's truly wonderful." Paddling, popping up and catching waves — even without being able to handle the surfboard skillfully, visitors here still enjoyed the one‑of‑a‑kind fun brought by artificial wave‑making technology.

If wave‑generating technology acts as an accelerator for Wanning's surfing‑industry growth, Riyue Bay's exceptional natural endowments form its foundation. With year‑round water temperature hovering around 26.5℃ and more than 200 surfable days annually, it is hailed as a "golden surf spot" by the international surfing community. Boasting premium bay resources, Riyue Bay draws growing numbers of international surfing enthusiasts from across the globe.

Moving from churning surf to laid‑back shorelines, the bay‑area commercial streets showcase another dimension of the "surf‑plus" concept. At sea‑facing cafés, guests may order a rich, aromatic cup of specialty Xinglong coffee. As night falls, drop into lively music bistros and soak up the youthful vibe woven by live music, art and the rhythm of ocean breezes and crashing waves. This one‑stop holiday experience covering accommodation, recreation, shopping and entertainment effectively extends tourists' length of stay, transforming surfing from merely a sport into a desirable lifestyle.

Three Decades of Driving Growth and Prosperity in the Insurance Industry

2026 marks the 30th anniversary of the Worldwide Chinese Life Insurance Congress. Since its inception, the Congress has remained unwavering in its founding mission: to unite the world's elite Chinese financial insurance professionals, demonstrate their professional value, and pursue a higher plane of business excellence. Over the past three decades, it has consolidated the collective wisdom of Chinese insurance management, perpetuated its culture of excellence, championed its progressive spirit, broadened the strategic vision of participants, and demonstrated the exemplary conduct of outstanding practitioners. Throughout these thirty years, the Congress has stood guardian to the perseverance and aspirations of countless insurance professionals around the world, borne witness as the insurance industry steadily matured, and carried forward the legacy of its growth and honor.

The 16th Worldwide Chinese Life Insurance Congress and the 2026 International Dragon Award (IDA) Annual Conference, held under the theme "Professional Epoch," extended special invitations to 125 distinguished speakers from around the world—including senior executives of leading insurers, outstanding agency leaders, top‑performing agents, and experts from multiple disciplines beyond the insurance sector. Through this multifaceted program, the Congress built a diverse, open, and cross‑sector platform for in-depth exchange, advancing the growth and prosperity of the industry. A special highlight was the "WCLIC 30th Anniversary Tribute," a milestone celebration joined by nearly 10,000 participants in commemoration of three decades of shared journey.

The Congress received strong support and invaluable guidance from the Insurance Authority, the Hong Kong Tourism Board, the Hong Kong Federation of Insurers, and government officials at various levels, along with the generous backing of its corporate sponsors.

Congress Highlight: Official Release of Global Rankings for IDA Member Companies

In 2024, the International Dragon Award (IDA) Executive Committee released the inaugural Official Announcement of Global Rankings for IDA Member Companies in Hong Kong, China, unveiling key trends and benchmarks shaping the global financial insurance industry. The data offers valuable guidance and strategic reference for financial institutions and agency teams in their business operations. For insurers, the number of IDA members serves as a powerful indicator of both productivity and professional caliber. The greater the number of IDA members an institution holds, the stronger its performance in overall productivity, recruitment and training, and talent retention—signaling a trajectory of sustainable, long-term growth.

At this year's Congress, the IDA Executive Committee will release the Official Announcement of 2026 Global Rankings for IDA Member Companies. Informed by the collective insights and recommendations of the Expert Committee on International Dragon Award Data Analytics—a panel comprising distinguished experts from industry, government, and academia—the 2026 data analysis has advanced further in both depth and breadth.

IDA Honor Celebration: Thousands of IDA Elite Professionals Converge at the Summit

In 2026, the global insurance industry confronts new challenges amid a volatile and turbulent economic landscape. Yet, even in the face of such headwinds, an exceptional group of insurance professionals has thrived against the odds—earning the prestigious International Dragon Award through extraordinary performance and unwavering resilience.

To pay the highest tribute to these pillars of the industry, the Congress specially designed the "Honor Salute" and the "Dragon Night"—inviting over 4,800 IDA members to walk the "Star of Distinction," a pathway embodying the philosophy of "Paragon, Perfection, and Nobility"—and ascend the awards stage to share in a moment of glory reserved for the most dedicated professionals.

Among all IDA honors, the following distinctions shine most brightly:

In 2026, a total of 142 new IDA Life Members were recognized, bringing the cumulative total to 727. Through more than a decade of unwavering professional dedication and sustained achievement, they have set the exemplar for long‑term performance excellence across the insurance industry worldwide.

In the same year, 5 new IDA Hall of Fame inductees joined the ranks, bringing the cumulative total to 21. With over two decades of unwavering commitment to their original vision and sustained dedication, these honorees have not only achieved personal excellence but have also set a lasting benchmark for generational succession across the global insurance industry.

In team honors, 14 teams achieved the IDA Hundred‑Elite Team distinction in 2026, bringing the cumulative total to 34. Their extraordinary organizational management, talent development, and capacity for sustainable growth have established them as exemplary benchmarks for insurance teams worldwide.

In addition, 7 new "IDA World Records" were unveiled in 2026, bringing the cumulative total to 21. These records chronicle the highest achievements and historic milestones attained by IDA members over the past 27 years.

After three decades of weathering storms and navigating change, the Worldwide Chinese Life Insurance Congress remains steadfast in its mission to contribute to the prosperity, progress, and growth of the global financial insurance industry. Together with financial institutions and outstanding practitioners worldwide, the Congress continues to walk alongside them on their journey toward excellence—every step of the way.

Spanning a planned total area of approximately 80 hectares and representing a total investment of over RMB 13 billion across the entire industrial chain, the Shandong Heze project is the world's first integrated industrial park dedicated exclusively to LDES. The project has been designated as a key national private investment initiative and a flagship project in Shandong Province's new energy system development.

Built on a whole-industry-chain approach, the facility encompasses intelligent manufacturing of LFP battery cells, module and system integration, new material production, and upstream raw material processing – achieving end-to-end integration from materials to cells and systems.

Wang Pengcheng, Co-founder and CEO of HiTHIUM and Chairman of Shandong HiTHIUM, stated: "The production rollout marks a new phase for the Heze Base in scalable manufacturing, market-oriented delivery, and ecosystem development. Building on this new foundation, HiTHIUM will continue to advance our 'three pillars of leadership':

Industrial leadership – building a national benchmark industrial cluster for LDES. With the Heze LDES integrated industrial park as the 'core engine', HiTHIUM will gather upstream and downstream partners to cover the full 'generation-transmission-distribution-consumption' application ecosystem.

Product leadership – defining full-scenario LDES solutions. HiTHIUM has taken the lead in defining and deploying LDES solutions. Leveraging the Base's scaled capacity, HiTHIUM will fully unleash the manufacturing potential of thousand-ampere-hour large-capacity products, ushering the global lithium-based LDES industry into an era of large-scale delivery.

Production efficiency leadership – building global competitiveness through integrated intelligent manufacturing. Fully equipped with independently developed fifth-generation intelligent manufacturing lines, the Base enables end-to-end synergistic integration across core materials, cell manufacturing, system integration, and global delivery, ensuring our ability to deliver large-scale, high-efficiency, and high-quality products to markets worldwide."

The Heze Base's integrated intelligent manufacturing system covers the entire process from raw materials to prefabricated container delivery. Powered by the fifth-generation production lines – the industry's first to exceed 15 GWh in single-line capacity – the new generation delivers a 50% reduction in floor space per GWh, 58% reduction in production manpower, 13% reduction in manufacturing energy consumption, and 200% efficiency improvement compared to the previous generation. With an automation rate exceeding 95%, over 1,000 quality control checkpoints reinforced by AI-powered visual inspection, the Heze Base establishes low-cost operational capabilities, high-efficiency delivery, and premium product quality, offering globally competitive LDES solutions to customers worldwide.

As a BRICS nation and Latin America's largest economy, Brazil has the region's biggest pharmaceutical market. As a PIC/S member, ANVISA is known for its rigorous GMP standards fully aligned with ICH and WHO. Passing this inspection is a strong vote of confidence in Mabwell's quality management system and paves the way for broader access to PIC/S member markets.

Previously, Mabwell had already submitted market authorization applications for its denosumab products in 8 countries, including Brazil, and has obtained marketing approval in Pakistan.

RXIM002 is an investigational product employing tLNP encapsulated circRNA that encodes a CD19‑targeting chimeric antigen receptor (CAR) for the treatment of autoimmune cytopenias. By delivering circRNA to T cells in vivo, RXIM002 enables durable CAR expression and generating functional CAR-T cells directly within the patient's body. This "in situ generation" approach fundamentally bypasses the complex, costly and time-consuming ex vivo manufacturing processes required by conventional CAR-T therapies, expanding patient access. In autoimmune diseases, deep B cell depletion driven by the in vivo generated CAR-T cells has the potential to induce immune reset and durable drug-free remission.

Prior to the IND submission, RXIM002 was evaluated in investigator-initiated trials (IITs) in China in autoimmune disease patients. Follow-up of these patients are currently ongoing, with some patients exceeding six months. RiboX submitted complete IIT data as part of the IND package to the FDA, encompassing safety and early efficacy results from all treated patients. Based on the integrity and robustness of this full dataset, the agency permitted an accelerated dose-titration scheme and granted subcutaneous formulation as part of clinical development, paving the way for potentially outpatient administration that could fundamentally transform the CAR-T treatment paradigm.

To the company's knowledge, RXIM002 is the world's first tLNP-circRNA in vivo CAR therapy that achieved FDA IND clearance. This milestone validates RiboX's proprietary tLNP platform and further reinforces the company's leadership in precision RNA therapeutics.

"The FDA IND clearance for RXIM002 is a pivotal milestone for RiboX and for the field of circRNA medicines," said Weiyi Zhang, Ph.D., Chief Executive Officer of RiboX Therapeutics. "As the first-in-class circRNA in vivo CAR-T therapy to enter the clinic, RXIM002 exemplifies our ability to translate robust pre-clinical results and rigorous early clinical evidence into an accelerated development path. This achievement brings us closer to delivering a transformative treatment option for patients living with debilitating autoimmune diseases. We are committed to advancing clinical research of RXIM002 across multiple regions worldwide to address the significant unmet needs."

RXIM002

RXIM002 is a first-in-class, tLNP-delivered circRNA therapy encoding an anti-CD19 CAR. It's designed to generate functional CAR T cells in vivo to achieve durable, non-integrating CAR-expression. By inducing profound depletion of pathogenic B cells, RXIM002 promotes immune reset and sustained disease remission, offering a potentially transformative, off-the-shelf solution for patients with B-cell-driven autoimmune diseases.

POPULUS-1 Study

POPULUS-1 is a Phase 1 clinical trial evaluating the safety, pharmacokinetics, pharmacodynamics, and early efficacy of RXIM002 in patients with relapsed or refractory autoimmune cytopenias. The study will initially enroll participants with relapsed or refractory immune thrombocytopenia (ITP), the most prevalent autoimmune cytopenia, characterized by a low platelet count and an increased risk of bruising and bleeding. ITP is caused by pathogenic autoantibodies driven by aberrant B-cell activation. RXIM002 is being developed to induce transient in vivo CAR T-cell mediated depletion of pathogenic B cells while potentially preserving immune competence.

RiboX Therapeutics

RiboX Therapeutics is a global, clinical-stage biotechnology company dedicated to discovering and developing circRNA therapeutics with operations in China, US and Israel. RiboX develops proprietary circRNA and targeted LNP platforms that enable durable expression, precision tissue targeting and broad therapeutic applicability across multiple disease areas.

Forward-Looking Statements

This press release contains forward-looking statements regarding the development, regulatory advancement, clinical evaluation, safety, efficacy, and commercial potential of RXIM002 and the Company's circular RNA and targeted lipid nanoparticle platforms. Actual results may differ materially due to various risks and uncertainties. RiboX undertakes no obligation to update forward-looking statements except as required by law.

For Further Information, please visit: http://www.riboxtx.com/

Tsoi, aged 56, is a seasoned business leader recognized for his leadership in transformation and innovation, with more than three decades of experience in retail and business management across Asia. Currently he serves as CEO of Toys "R" Us Asia, where he transformed the business through a light-asset model, expanded the brand's appeal to the kidult segment, and reignited growth across Greater China and Southeast Asia. Prior to that, he served as CEO of Starbucks China after holding several senior leadership roles, driving innovation and supporting the brand's rapid expansion over more than a decade. Earlier in his career, he built a strong leadership foundation at PepsiCo and Procter & Gamble Greater China, driving growth through strategic vision and deep consumer insight.

Leo Tsoi said, "I am excited to join Hang Lung, a company whose expanding presence and commitment to 'We Do It Well' have made a meaningful impact across the communities it serves. I am grateful to Adriel and the Boards for their trust, and to Weber for laying down such a strong foundation to build upon. As I step into this role, I look forward to partnering with our talented team to strengthen relationships with stakeholders, tenants, and customers, and co-create Hang Lung's next chapter of growth and impact."

Adriel Chan, Chair of Hang Lung, said, "Hang Lung are excited to welcome Leo as our next CEO. His track record in driving growth through excellence makes him the best candidate to lead Hang Lung into our next chapter, and the Boards and I look forward to working closely with him. I am confident that the organization will thrive under his leadership. I would also like to thank our retiring CEO, Weber Lo, for the significant contributions and achievements over the past eight years; he has put Hang Lung in a position of strength, setting us up for further future success."

Weber Lo will serve as Advisor to the Chair for one year beginning October 1, 2026.

TSOI Tak Lun, Leo
Chief Executive Officer Designate and Executive Director (with effect from September 7, 2026)
Chief Executive Officer and Executive Director (with effect from October 1, 2026)

Tsoi has been Chief Executive Officer ("CEO") and Board Member for Toys "R" Us Asia since April 2023, where he led a transformative journey across Asia's key cities. During his tenure, he transformed the brand with a light-asset expansion strategy and accelerated the enterprise-wide digital transformation, driving significant brand elevation and business growth across Greater China and Southeast Asia.

Prior to this, Tsoi was CEO of Starbucks China and a member of the company's Global Executive Leadership Team. He envisioned and led a decade-long expansion that scaled the business from 600 to 6,000 stores, while advancing Starbuck's ESG agenda by launching plant-based campaigns and pioneering the Greener Store Lab. Earlier in his career, Tsoi held senior leadership positions at PepsiCo China and Procter & Gamble, where he delivered category leadership and launched iconic brands and campaigns that shaped consumer culture and inspired new lifestyles.

Tsoi currently serves as a member of the Hong Kong Trade Development Council (HKTDC) Toy Advisory Committee, and previously served as an Independent Non-Executive Director of Pure Group. He holds a Bachelor of Business Administration in Marketing from The Chinese University of Hong Kong, with a minor in Japanese Studies.

https://www.hanglung.com

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This trend reflects the growth of Event Tourism, or activity-based tourism, which is gaining popularity among a new generation of both Thai and international travellers. Events are not merely a reason to travel; they are also a starting point for sharing experiences with like-minded people, feeling the energy of a city at its liveliest and enriching the journey through food, culture, lifestyle, relaxation and memorable moments along the way.

Pattaya is one destination that clearly reflects this new travel trend. Once best known as a familiar seaside getaway near Bangkok, the city has now evolved into a vibrant year-round destination, with everything from sporting competitions, music festivals and beachfront activities to international lifestyle events such as Wonderfruit, Rolling Loud Thailand, the Pattaya International Fireworks Festival, Pattaya Music Festival, Honda LPGA Thailand and the Pattaya Marathon, as well as many other international events that continue to draw Thai and overseas travellers back at different times of the year.

This September, the 33rd Pattaya Marathon 2026, to be held on 26 and 27 September 2026, is another major event that reinforces Pattaya's role as an Event Tourism city. This year, more than 40,000 runners and family members from various countries are expected to travel to take part, filling Pattaya with the atmosphere of travel, connection and the energy of people brought together through sport. Adding to its appeal, the race combines a scenic coastal course with Pattaya's lively urban energy, giving runners the opportunity to enjoy sunrise views over the Gulf of Thailand, refreshing sea breezes and some of the city's most recognisable beachfront landmarks.

But the appeal of travelling to Pattaya for an event does not end on race day. After the run or activity, travellers can extend their trip with many more experiences, from strolling along the beach and visiting cafés in popular neighbourhoods to dining at well-known local restaurants, spending time at a beach club, trying water activities, or relaxing with family and friends in an easily accessible beach city that stays lively throughout the day.

To complement this style of travel, ONYX Hospitality Group welcomes travellers at its two Pattaya hotels: Amari Pattaya and OZO North Pattaya. Both are conveniently located for easy access to the city's vibrant attractions and close to the Pattaya Marathon 2026 starting point, making them ideal for runners, families and travellers who want to turn an event trip into a seaside break.

For those looking to make their holiday experience even more complete, Amari Pattaya presents a new definition of multi-generational family holidays. For families travelling together, the hotel offers a balanced approach that allows members of every generation to enjoy their own lifestyle seamlessly before coming together again to share happy moments as a family.

While some family members may choose to explore Pattaya Beach or enjoy outdoor activities, others can unwind at Maai Spa, a premium spa that blends contemporary Thai wellness practices with the refined inspiration of silk to restore both body and mind.

For larger families travelling with little princes and princesses, children can let their imaginations run free through creative activities at The Treehouse Kids Club and the expansive water park, while grandparents can retreat to the peaceful privacy and exclusive service of Club Napha.

Amari Pattaya also brings the whole family together over memorable meals, from authentic Thai cuisine crafted with carefully selected local ingredients and a selection of Western favourites at Amaya Food Gallery, to authentic Italian cuisine served in the warm ambience of Prego Pattaya Pasta Lab and Bar, a beachfront Italian restaurant where families and friends can gather over fresh pasta, handcrafted dishes and contemporary interpretations of Italian classics in a warm and welcoming setting

Meanwhile, OZO North Pattaya is an ideal choice for travellers who want to make the most of every moment of their trip. Its location close to the beach, major shopping centres, cafés, restaurants and the city's key event venues makes it easy to experience Pattaya's vibrant atmosphere. Guests can start the day with breakfast at EAT, take a stroll by the sea, stop at a café during the day and conveniently round off the evening with Pattaya's nightlife. Back at the hotel, they can relax by the large swimming pool or recharge at the fitness centre before retiring to a room designed for a truly restful night's sleep, ready to welcome a new morning and enjoy the city all over again.

More than just a seaside city near Bangkok, Pattaya today is a destination where travellers can shape their own experiences throughout the day, from relaxing on the beach and enjoying brunch at an inviting café to water activities, art attractions and seaside dining at sunset. This is the appeal of Event Tourism: an event is not merely the reason to travel, but the starting point for a trip filled with people, atmosphere and memorable moments.

For runners, families, groups of friends or anyone look for a seasonal getaway, Pattaya Marathon 2026 could be a good reason to start planning the next trip and use the opportunity to experience a side of Pattaya that goes beyond the beach.

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More information: www.onyx-hospitality.com

Speaking at the opening ceremony, CIP Minister Ljaucu‧Zingrur said that cultural experiences often move people deeply, and that sound policy can turn that emotion into lasting institutions. As the CIP marks its 30th anniversary this year, the opening ceremony of the Formosa-Hawaii Cultural Festival featured a special tribute honoring individuals who have made outstanding contributions to Indigenous affairs. Among these forerunners and partners are those who advocated internationally for the rights of their people, devoted their lives to rescuing endangered Indigenous languages, brought international acclaim to Taiwan through music, dance, and sport, and even those who became guardians of their communities for leading the swift evacuation of an entire village amid a raging storm and rebuilding it in the aftermath. In paying tribute to these unsung heroes, the Minister expressed hope that this honor will be passed on, inspiring more talented citizens to join in advancing Indigenous affairs. He also expressed that this cultural celebration is powerful proof that Indigenous culture is not only flourishing on Taiwan's own soil, but is also embracing the world with the utmost confidence and openness as it steps onto the international stage.

The festival's biggest draw is its lineup of top international music and dance performances from across the Pacific, alongside Golden Melody Award-winning stars, paired with a lively, delicious, and fun Austronesian-themed marketplace, together creating the most exuberant summer party of the season! The whole venue is awash in the romance of Aloha. Visitors can savor Hawaiian Kona coffee and Indigenous delicacies in the Austronesian-themed exhibition area, try their hand at Hula dancing and lei making, and enter a daily lucky draw for limited-quantity market vouchers. Families of all ages can spend a leisurely afternoon into the evening enjoying live music while browsing the market stalls, experiencing firsthand the distinctive cultural charm and way of life shared by Taiwan's Indigenous peoples and Hawaii.

The three-day program offered one highlight after another. During the day, the State of Hawaii Office in Taipei brought in the internationally acclaimed Ke Kai O Kahiki, a dance group known for powerful, masculine hula performances, to showcase the depth of Hawaiian culture. Furthermore, the CIP has invited music and dance troupes from Palau and Tuvalu to share the profound bonds of Pacific heritage. As night falls, Golden Melody Award-winning stars took the stage in succession. On July 31, "The Call of Mountains and Sea" kicked off with performances by Usay Kawlu, Utjung Tjakivalid, and Kasiwa; on August 1, "The Night of Island Sounds" brought Princess Ai and Abao back-to-back; and on August 2, "Aloha Night" closed the festival with a grand finale by Biung and Abus, pouring out the soul of the ocean through the most contemporary electronic beats and rhythms.

The CIP and the State of Hawaii Office in Taipei warmly invited people across Taiwan to bring family and friends to the New Taipei City Citizen Plaza this weekend, to enjoy live music, explore the marketplace, and experience firsthand this not-to-be-missed summer party rich in culture.

Photo: Chairperson Ljaucu Zingrur (Tseng Chih-Yung) of the Indigenous Peoples Council delivered opening remarks at the Aloha Taiwan Cultural Festival, expressing the hope that cultural exchanges between Taiwan and Hawaiʻi will deepen Austronesian cultural connections and help preserve the invaluable cultural heritage of Indigenous peoples.

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