According to data by Vietnam Customs, Vietnam spent over $2.9 billion importing 3.4 million tonnes of petroleum products in the first three months of this year, soaring 79 per cent and 45 per cent, respectively, from a year ago. In March, the country imported nearly 1.2 million tonnes of petroleum products totalling $1.46 billion, representing a 13 per cent on-month increase in volume and a surge of 94 per cent in value due to skyrocketing prices in the global market.

In the first quarter of 2026, crude oil imports saw a 15 per cent decrease against last year’s period, reaching more than 3.1 million tonnes, worth nearly $1.7 billion.

The share increase in import value is attributed to the rising global oil prices amid the escalation of the Middle East conflict. Businesses have stepped up imports and source diversification to avoid domestic fuel shortages.

In March, key businesses and import traders purchased approximately 3.2 million cubic metres of petroleum products. This, coupled with existing inventories, helps ensure the supply until the end of April.

The Ministry of Industry and Trade is building plans for the upcoming months. Some measures include increasing supply, enhancing domestic production, diversifying sources, developing environmentally friendly alternative fuels such as biofuels, and enhancing commercial reserve capacity.

As reported by Business Insider on April 13, oil prices spiked past $100 per barrel after the US administration imposed a blockade of the Strait of Hormuz in response to failed peace talks between Iran and the US.

Oil prices have skyrocketed globally since the US and Israel's war on Iran began in February. Iran retaliated by effectively closing traffic through the Strait of Hormuz. Around 20 per cent of the world's oil supply and liquefied natural gas passes through the waterway off Iran's coast.

ASEAN countries exposed by Middle East oil dependence ASEAN countries are vulnerable to supply chain disruptions due to their heavy dependence on crude oil imports from the Middle East.

Nghi Son Refinery secures alternative crude amid Middle East disruptions Nghi Son Refinery has secured alternative crude supplies to maintain operations amid disruptions to shipments through the Strait of Hormuz.

National Assembly approves zero tax on petrol, oil, aviation fuel The National Assembly has unanimously approved sweeping tax cuts on petrol, oil and aviation fuel, reducing key rates to zero through June 30 in a bid to cushion domestic markets against volatile global energy prices.

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

In 2026, the Hong Kong Gifts & Premium Fair will spotlight four key focuses – personalisation, sustainability, health & wellness, and culture & creativity – guiding buyers to discover products that reflect the latest market trends and consumer preferences.

The fair will once again feature the highly acclaimed Hall of Fine Designs, a convergence point of reputed brands. First time exhibitors include Alpha Art Gifts LLC (United Arab Emirates), known for its unique and high-quality gift solutions; Crown Decor Pvt Ltd (India), a leading manufacturer for premium laminates. And the distinguished Hong Kong brands Camel and RedA will continue showcase their products at the fair. In addition, the Shanxi Pavilion will make its debut at the Hong Kong Gifts & Premium Fair 2026. This year, the Zhejiang Pavilion, for the first time led by the Department of Commerce of Zhejiang Province, will bring a large number of exhibitors. Meanwhile, the Korea Pavilion and Busan Pavilion will return with even greater presence.

Furthermore, the Hong Kong Exporters' Association will assemble Hong Kong companies to form a pavilion, showcasing the design skills and branding excellence of Hong Kong's product designers. The Smart Design Global, organised by Hong Kong Exporters' Association, will also showcase shortlisted entries and signature products from its participating companies at the Gifts & Premium Fair, leveraging the fair as a platform to promote Hong Kong original designs to international markets.

Running concurrently, Home InStyle will focus on new materials, culture & creativity, and gerontechnology for silver‑age living, aligning with emerging lifestyle and consumer trends. The fair completes the sourcing journey by fostering meaningful connections and spark fresh inspiration across the design and lifestyle community.

A key highlight remains the signature Cultural and Creative Avenue, which will showcase distinguished designs from around the world and welcome international brands that blend unique design concepts with cultural heritage. The fair's collaboration with Pantone will be elevated, with the Colour of the Year 2026 "Cloud Dancer" prominently featured in this zone. Through trend-focused displays and real-life applications, visitors will see the colour brought to life, helping buyers and exhibitors visualise its use in contemporary home and lifestyle products.

Furthermore, funded by the Innovation and Technology Commission, Home InStyle will launch the Gerontech and Innovative Material Pavilion, where nearly 20 local enterprises will present a wide range of innovative technology products and solutions designed for senior living, while highlighting the application of new materials in home spaces.

"Adding to the fair's design-led highlights, the 2nd MOTIFX – Embracing the Beauty of Chinese Culture exhibition, organised by the Hong Kong Design Institute (HKDI) under the Vocational Training Council (VTC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA), invites emerging designers to reinterpret traditional Chinese elements for contemporary contexts. The project seamlessly integrating historical components into modern objects, interiors, and lifestyle products while deepening new generations' engagement with their cultural heritage."

Home InStyle will also host a selection of international brands known for their craftsmanship and creativity. Highlights include vibrant hand-blown Bohemian glassware, handmade baskets and bags woven from wild grapevines alongside classic bamboo steamers, and licensed DC Comics illuminated signs.

Throughout the fairs, a series of seminars and forums will bring together leading industry experts to share forward-looking insights on key trends and future developments, from creative thinking and the silver economy to sustainability and beyond. These sessions are crafted to foster meaningful dialogue and equip attendees with the latest market intelligence. As a comprehensive one-stop sourcing platform, the fairs unlock exciting business opportunities and deliver a diverse, world-class selection of lifestyle products and services tailored to every buyer's needs.

Digital platform creates efficient exhibition experience
Under the EXHIBITION+ model, the fairs integrate offline and online elements. Buyers can continue searching for products and services on the hktdc.com Sourcing platform and network through the Click2Match smart business-matching platform. During the physical fair, buyers can use the Scan2Match function of the HKTDC Marketplace App to scan exhibitors' exclusive QR codes, bookmark favourite suppliers, browse product information and continue discussions with exhibitors online during or after the show.

One stop registration for HKTDC trade fairs:
https://tinyurl.com/yc8jvdpp

https://www.hktdc.com/event/hkgiftspremiumfair/en

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

The firm was recognised with the following: Best Impact Investing Manager in ASEAN, Malaysia Best Impact Investing Manager, Malaysia Best Equity Manager, Malaysia Best Alternatives Manager, and Malaysia Best ESG Engagement Initiative.

In addition to the above, Chief Executive Officer and Executive Director Datuk Wira Ismitz Matthew De Alwis was named Malaysia CEO of the Year, marking this as the seventh year that he has received this prestigious award. Simultaneously, Chief Investment Officer, Lee Sook Yee received her ninth Malaysia CIO of the Year title.

Datuk Wira Ismitz Matthew De Alwis remarked, "The Awards have long been a benchmark of excellence for investment management, innovation and ESG-driven initiatives across the region. Being recognised for multiple achievements once again reflects our commitment to pursuing quality investment opportunities, supported by our capabilities in constructing diversified portfolios that are both dynamic and resilient. Of particular significance are our efforts in applying impact‑investing strategies and considerations to our decision‑making and operational processes, approaches that translate into measurable outcomes for our stakeholders. At the same time, our ability to draw on the expertise from established specialists have allowed us to provide a wider range of alternative products and services that our investors can rely on in today's volatile markets".

The firm attributes its outperformance in 2025 to disciplined stock selection and a resilient investment strategy during a year marked by geopolitical tensions. Chief Investment Officer, Lee Sook Yee, stated, "The investment team remained steadfast in our strategy of investing in companies with sustainable business models and competent management whilst trading at a discount to their intrinsic value. Regional and global diversification played a critical role in our outperformance, with Asia Pacific funds and global Islamic offerings delivering strong returns. This reflected our efforts to capture growth in emerging sectors such as AI while maintaining defensive positions locally through targeted stock picking. We are therefore honoured to be named Best Equity Manager in recognition of the success of our strategies".

In 2026, Kenanga Investment Bank Berhad ("Kenanga Group") launched Myrra, a dedicated token platform leveraging the Stellar blockchain. Its inaugural deployment involved the tokenisation of Kenanga Investors' Kenanga Money Market Fund and Kenanga Islamic Money Market Fund. The Funds represented the first tokenised unit trust funds to go live in the Malaysian market. This milestone followed the publication of Project Juara: Malaysia's Asset Tokenisation Opportunity, a whitepaper, authored by Kenanga Group, Saison Capital Pte Ltd, Helicap Labs Pte Ltd and Satori Research Ltd, which offered insights into the potential of Malaysia's asset tokenisation industry.

The firm also recently launched the Kenanga Growth Fund Series 3 ("KGFS3"), the third fund within its flagship conventional fund series. The KGFS3 utilises Kenanga Investors' proven investment philosophy and is managed with an active investment strategy depending on the market conditions and outlook, combining a top-down asset and sector allocation process with a bottom-up stock selection methodology.

The Malaysia Best Impact Investing Manager award recognises a firm's success in deploying impact investing strategies in either public or private markets to generate positive, measurable social and environmental impact alongside sustainable financial returns.

The Best Impact Investing Manager in ASEAN recognises a firm's efforts in making a difference in deploying its impact investing strategy in either public or private markets, the research and investment process, and assets under management.

The Malaysia Best Equity Manager award is in recognition of the success of the fund house's equity products within Malaysia's domestic market given the challenging trading conditions and its abilities in capturing potential growth opportunities.

The Malaysia CEO of the Year award is in recognition of the CEO's overall achievements, performance of funds, increase of assets under management and their demonstration of leadership in the market.

The Malaysia CIO of the Year award is based on the CIO's achievements at the country level and the strategies employed to capture growth whilst navigating risks.

The Malaysia Best House for Alternatives award recognises the firm's achievements in growing the alternatives market, its performance record, and its growth in client base.

The Malaysia Best ESG Engagement Initiative award recognises a firm's leadership in driving effective ESG engagement activities, enhancing corporate governance, and demonstrating positive market impact through its stewardship practices.

Asia Asset Management is the world's longest-running publication focused on Asia's institutional asset management and pension fund industry. Its Best of The Best Awards recognises the finest performers in Asia from financial services companies and institutional investors to service providers whose influence and excellence expands beyond borders.

For more information about Kenanga Investors, please visit kenangainvestors.com.my.

For more information about Myrra, please visit myrra.my.

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

At the meeting, Le Hung Anh, CEO of BIN Corporation, presented a preliminary plan to survey and develop an integrated AI, renewable energy, and high-tech workforce training complex across Ea Sup (approximately 458.8 hectares) and Ea Wer communes (299 ha).

The proposal outlines several core components, including data centres supporting AI and digital transformation; a renewable energy system combining solar power and energy storage; a high-tech training centre focused on AI and IT talent; and digital infrastructure to serve both enterprises and local government.

"The company is committed to conducting research and feasibility studies in full compliance with applicable regulations, ensuring alignment with the province's master planning and socioeconomic development strategy," Hung Anh said. "We will fully self-finance the project and stand ready to proceed with subsequent steps upon receiving in-principle investment approval."

A rendering of the proposed data centre complex. Source: Dak Lak People’s Committee

At the DNSE Securities AGM on March 26, chairman Nguyen Hoang Giang revealed plans to participate in a carbon credit exchange, invest in digital asset companies, and develop an additional data centre in Ho Chi Minh City. The initiatives aim to reduce trading latency, expand the firm's technology ecosystem, and enhance competitiveness.

“Under the 2026 plan, the company will invest in a new data centre located near the Ho Chi Minh Stock Exchange to minimise order latency and better serve high-frequency traders,” Giang stated at the AGM. “Currently, DNSE’s average order processing latency is approximately four milliseconds, which is among the lowest in the market. The system is also built with scalable architecture, enabling a multiple-fold increase in order volume while maintaining stable performance.”

Cushman & Wakefield's latest Asia-Pacific Data Centre Construction Cost Guide, published on April 6, points to Vietnam as a market to watch in the next wave of regional data centre development.

The guide placed Vietnam among the region's more cost-competitive markets, with construction costs ranging from $5.7 million to $8.7 million per MW and a mid-range cost of $7.2 million per MW, while annual construction cost inflation remains relatively moderate at 3.8 per cent.

The market is covered in the guide through Hanoi and Ho Chi Minh City, and is beginning to show greater scale, with around 73MW of operational capacity and a further 137MW in pipeline by 2030. At the same time, power access is becoming a more important factor in project viability, with the guide indicating an approximate two- to three-year wait time for new 100MW power in Vietnam’s key clusters.

Forecast data centre construction activity by market through 2030. Source: Cushman & Wakefield

Cushman & Wakefield’s Southeast Asia Outlook also identifies data centres as the largest property type by investment volume across the region, while describing Vietnam’s market as relatively nascent compared with regional peers and therefore offering long-term expansion potential.

Ngoc Le, senior director, head of Strategic Consulting, Cushman & Wakefield Vietnam, said the country was still at an early stage in its data centre journey, but that was precisely where its long-term potential laid.

“The market combines relatively competitive construction costs with rising demand from cloud adoption, AI applications and the broader digital economy. As occupiers and investors look beyond the region’s most constrained hubs, Vietnam is increasingly emerging as a market with room to scale, provided developers can navigate power readiness and site selection effectively,” she said.

ASEAN unveils digital outlook, AI readiness research New regional reports highlight ASEAN’s digital maturity and readiness for artificial intelligence, marking the next phase of the bloc’s AI skills push.

G42 and Vietnamese consortium to build national AI infrastructure G42, the Abu Dhabi-based technology group, and a consortium comprising FPT Corporation and Viet Thai Group, signed an agreement to develop AI capabilities and cloud infrastructure across Vietnam on February 9.

Sembcorp gets approval for AI-ready data centre in Ho Chi Minh City Sembcorp Development has received investment approval for a hyperscaled and AI-ready data centre campus in Ho Chi Minh City, through its joint venture with StarMason JSC.

Pham Quang Vinh, former Deputy Minister of Foreign Affairs of Vietnam and former ASEAN Senior Officials' Meeting Leader of Vietnam, explained that relations between the two countries are underpinned by enduring geographical and cultural linkages, from the shared Mekong basin to a common rice-based civilisation and community-oriented way of life.

“Despite periods of geopolitical complexity, our two nations have steadily consolidated cooperation across diplomatic, economic, and people-to-people channels within ASEAN. The partnership is entering a new phase, marked by its elevation to a Comprehensive Strategic Partnership, with a focus on sustainable peace, inclusive development, innovation, and strengthened regional coordination,” he said.

Pham Quang Vinh, former Vice Minister of Foreign Affairs of Vietnam

Vinh also noted that the relationship between Vietnam and Thailand is not just limited to the past 50 years, but rather hundreds or even thousands of years. "Rooted in the shared ecosystem and rice culture of the Mekong sub-region, the two nations have transformed their ties from a battlefield into a thriving marketplace, significantly strengthening mutual political trust," Vinh said. "Vietnam now has Thailand as its largest economic trading partner in ASEAN. Two core priorities remain: building resilient supply chains and enhancing people-to-people ties."

Urawadee Sriphiromya, Ambassador of Thailand to Vietnam, said the 50-year diplomatic relationship between the two countries has reached remarkable heights and is more robust than ever.

"Both countries have ushered in a new era by elevating their relations to a Comprehensive Strategic Partnership," she said. "Economic cooperation has expanded across various sectors, including trade, logistics connectivity, renewable energy, and green development. Thailand is currently the eighth-largest foreign investor in Vietnam in terms of cumulative investment."

Looking ahead, Sriphiromya expressed her hope that the two countries would continue to work closely to promote peace, stability, and security in the region.

"Thailand will cooperate with Vietnam to achieve a bilateral trade target of $25 billion, with individuals remaining at the centre of this partnership," Sriphiromya said. "Future efforts will focus on enhancing connectivity, encouraging sustainable development, strengthening cultural understanding, developing a highly educated workforce, and expanding youth exchanges."

Urawadee Sriphiromya, Ambassador of Thailand to Vietnam

Tran Hai Van, deputy director general of the Department of International Cooperation at the Ministry of Culture, Sports and Tourism, said Vietnam and Thailand can move beyond traditional cultural exchanges towards co-creating films, performing arts, music, and digital content, while linking creative hubs to expand opportunities across ASEAN.

She highlighted the potential to develop joint tourism products based on shared heritage, gastronomy, festivals, and sustainable community-based models, positioning ASEAN as a unified destination.

"Empowering young people through exchanges, training, and creative networks is key to strengthening people-to-people ties, preserving cultural heritage, and fostering a more connected and dynamic ASEAN identity," Van said.

On the business front, Phayom Visouveth, vice chairman of the Thai Chamber of Commerce and Industry in Vietnam, said Thailand-Vietnam economic cooperation has evolved into a comprehensive strategic partnership.

C asean Vietnam Group Sharing 2026 took place in Hanoi on April 10

Citing leading Thai companies such as Central Retail, CP Group, and SCG as success stories, Visouveth said Thai businesses in Vietnam are not just focused on market expansion but are also committed to building integrated business ecosystems.

"These efforts play a significant role in job creation, technology transfer, and improving the quality of products and services. They also contribute to strengthening Vietnam's position as a key manufacturing and export hub in the region. Looking ahead, renewable energy, retail, and the digital economy are sectors with the greatest potential for future collaboration," she explained.

Phan Chi Thanh, former Ambassador of Vietnam to Thailand, noted that during his tenure, he witnessed many significant milestones, most notably the elevation of bilateral relations to a Comprehensive Strategic Partnership.

"Everyday exchanges play a vital role in strengthening bilateral ties, while landmarks such as Vietnam Town, Ho Chi Minh memorial sites, and the Nakhon Phanom Clock Tower stand as vivid symbols of a friendship nurtured by diplomacy and individuals, shared memories, and common cultural values," he said.

OR shifts beyond fuel with 5-year plan as SE Asia EVs gain pace The Thai fuel retailer unveiled a five-year investment strategy to capture growth from electric vehicle adoption, moving beyond its traditional petrol business.

SCG enhances production and distribution in Vietnam Amid increasing competition in Vietnam's chemicals and construction materials sector, Thailand's Siam Cement Group, investor and developer of the $5 billion Long Son Petrochemicals Complex, has been optimising production, distribution, and market access.

Siam Cement Group announces 2025 results amid global headwinds SCG on February 9 announced its 2025 operating results, highlighting disciplined financial management amid a challenging global and regional economic environment.

The NA heard reports on socioeconomic conditions, the state budget for 2025, implementation of development plans in early 2026, and proposals for socioeconomic development, medium-term public investment, and the national financial plan for the 2026–2030 period.

Lawmakers held group discussions on targets, indicators, and governance measures for the period ahead.

Deputy Prime Minister Nguyen Van Thang

Delegate Nguyen Tan Cuong from the Mekong Delta province of Dong Thap’s delegation noted that the period ahead will continue to face difficulties and complexities affecting the country’s socioeconomic development.

"To achieve the targets set out in the plan, it is necessary to fully leverage the role of relevant agencies in research, assessment, and forecasting to respond to policy developments in a timely manner and avoid passivity," he said.

Citing the conflict in the Middle East, Cuong said the government had delivered a very timely policy response, such as swiftly using the petroleum price stabilisation fund and sharply cutting various taxes to stabilise fuel prices, including proposing a resolution to reduce fuel prices – an item with a major impact on both household living costs and business operations.

“I believe this was a very timely policy response,” he stressed. However, he also recommended developing assessments and scenarios if the conflict is prolonged, so that appropriate policy responses can be prepared.

Sharing this view, delegate Bui Thi Quynh Tho from Ha Tinh province said that amid unusual difficulties stemming from the Middle East conflict, which has had ripple effects on economic activities, the government’s management approach has been shifting strongly towards proactive adaptation.

Tho added that policy scenarios should be aligned with fluctuations in the global economy, particularly energy volatility and tariff policies of the United States.

Regarding fiscal policy, she recommended reassessing the extent of state budget revenue declines in 2026 due to reductions in various taxes and fees, especially those on fuel.

“Current projections were developed earlier and may not fully reflect revenue losses resulting from tax cuts,” she noted.

On monetary policy, Tho urged the government to provide further analysis of recent liquidity shortages in the banking system, examining why interest rates have risen while household deposits have continued to increase.

According to Tho, it is necessary to clarify the banking system’s capacity to supply capital, along with other funding channels, to ensure resources are aligned with the double-digit growth target for 2026 and the entire 2026–2030 period.

Regarding the medium-term public investment plan for 2026-2030, she expressed concern over the projected total capital of VND8.22 quadrillion, equivalent to approximately $328.8 billion, covering a wide range of proposed projects.

Given limited budget resources, she stressed the need to review the medium-term public investment portfolio to ensure investments are targeted, effective, and consistent with available resources.

Responding to lawmakers’ concerns, DPM Thang said the five-year socioeconomic development plan for 2026–2030 sets much higher targets than in the previous period, based on two strategic goals defined by the 14^th National Party Congress.

To achieve these strategic goals, Vietnam has no alternative but to maintain high growth over an extended period.

“Although the double-digit growth target is very challenging, Vietnam still has substantial room for development. The internal strength of the economy remains significant, with considerable potential and advantages, while Vietnam’s GDP size is still modest compared to developed countries,” DPM Thang said.

“Despite the ambitious targets, if we make full efforts – with intelligence, determination, and innovative actions – we can succeed,” he stated.

However, he cautioned that relying on traditional growth drivers such as land, low-cost labour, and natural resources would make it difficult to sustain high growth over the long term. Instead, the core drivers in the coming period must be science and technology, innovation, and digital transformation.

DPM Thang added that total resource demand for 2026-2030 is estimated at more than VND38 quadrillion ($1.52 trillion), of which public investment accounts for about $320 billion, or roughly 22 per cent of total capital needs. The remainder will need to be mobilised from domestic and foreign enterprises, investment funds, and financial markets.

The DPM noted that the room for monetary policy has reached its limits, with credit growth in 2025 climbing to 19 per cent. As a result, fiscal policy will need to play a greater role in the period ahead.

“Beyond tax and fee policies, the government is focusing on developing the stock market into the primary channel for mobilising medium- and long-term capital for the economy. The target is for stock market capitalisation to reach around 120 per cent of GDP by 2030,” he said.

The generics industry: unlocking new growth drivers For the first time, generic antibiotics meeting EU-GMP standards are being produced in Vietnam, marking a pivotal shift in efforts to upgrade the pharmaceutical value chain and enhance competitiveness of the domestic drug industry.

Banks expand financial ecosystems to unlock new growth drivers Banks are expanding into insurance, securities, digital assets and fund management to drive growth, but stronger risk governance will be crucial to ensure system stability.

Sweeping changes spotlight new financial growth drivers Vietnam is entering a pivotal phase where sweeping reforms, surging urbanisation, and new asset classes are reshaping its financial markets.

Photo: VGP

The railway is being invested by VinSpeed High-Speed Railway Investment and Development under Vingroup, with total investment exceeding VND147 trillion (over $5.6 billion). Land clearance costs, estimated at VND10.27 trillion ($396 million), will come from the state budget.

The 120.2 km line spans Hanoi, Bac Ninh, Haiphong, and Quang Ninh. It features a double-track system with a 1,435 mm gauge, full electrification, and a maximum speed of 350 km/h, except for the section through Hanoi where speeds are limited to 120 km/h.

The project will utilise modern high-speed trains with signalling and equipment systems supplied by Siemens Mobility. Technology will be gradually transferred to VinSpeed during operation.

The line will begin at Co Loa station near Hanoi's Vietnam Exhibition Centre and end at Halong station in Quang Ninh. It will pass through three transfer stations – Gia Binh (Bac Ninh), Ninh Xa (Haiphong), and Yen Tu (Quang Ninh) – with a depot located at Halong station.

Bui Van Khang, Chairman of Quang Ninh People's Committee, described the railway as a strategic infrastructure project connecting the four provinces and cities.

"This project holds special significance, contributing to the concretisation of the Central Party Committee's action programme implementing the Resolution of the 14^th National Party Congress," he said. "It also aligns with Resolution No.30 of the Politburo on socioeconomic development and ensuring national defence and security in the Red River Delta region."

Khang added that the initiative represents a breakthrough in modern transportation infrastructure, boosting regional and inter-regional connectivity, particularly for the Northern key economic region and the Red River Delta. "The route forms a high-speed connecting axis, shortening travel time, enhancing connectivity, and spreading development," he said.

The undertaking is expected to reshape the development landscape, creating conditions for provinces and cities to leverage their comparative advantages, forming economic corridors and value chains that link regions while enhancing competitiveness and international integration.

The Hanoi-Quang Ninh line is the second railway venture being implemented by VinSpeed. In December, the company broke ground on the Ben Thanh-Can Gio railway line in Ho Chi Minh City, which is scheduled for completion in the fourth quarter of 2028.

VinSpeed Siemens sign high speed rail pact The two companies will collaborate on technology and systems for high-speed railway projects.

PM orders investment model for North–South high-speed rail Prime Minister Pham Minh Chinh has ordered the Ministry of Construction to finalise the investment model for the North–South high-speed railway by the end of January, signalling a push to move the project from planning to implementation.

Vingroup pulls out of bid to invest in North-South high-speed railway Vingroup has pulled out of its bid to build the North-South high-speed railway, allowing the group to focus its resources on other key infrastructure projects.

PM sets January deadline for high-speed rail consultant The government is accelerating preparations for the North–South high-speed railway, with a tighter timeline set for key technical groundwork and institutional readiness.

In recent years, IT adoption in medical treatment has yielded positive results, with the initial implementation of electronic medical records (EMRs) bringing practical benefits to patients and facilities while improving professional quality, management efficiency, and operational effectiveness.

Photo: The MoH

The request is based on major regulations and guidelines, including the Law on Medical Examination and Treatment; Resolution No.72-NQ/TW of the Politburo on strengthening the protection, care, and improvement of people's health; Decision No.06/QD-TTg on developing the application of population data for national digital transformation; and Circular No.13/2025/TT-BYT of the Ministry of Health (MoH) guiding the use of electronic medical records.

According to the MoH, more than 75 per cent of hospitals nationwide have announced the rollout of electronic medical records, with most localities having plans in place. However, the ministry admitted that in some areas, the quality of EMR implementation has not met requirements and has yet to fully replace paper records.

To address the shortcomings, the MoH issued Document No.04/CT-BYT on April 7, urging medical facilities to accelerate the transition. The Minister Lan has requested that heads of health units at all levels take direct responsibility, treat EMR rollout as a core task, prioritise resource allocation, and ensure vigorous implementation.

Provincial and city health departments, along with health departments of other ministries and sectors, are responsible for advising local People's Committees and governing bodies on allocating sufficient resources and ensuring timely implementation at facilities under their management.

The ministry has also required healthcare facilities to review their current situation, develop specific plans, and mobilise resources to complete the rollout on schedule.

Units under the MoH and the National Centre for Health Information are tasked with updating and refining professional guidelines to ensure synchronised implementation. The Department of Science, Technology and Training has been assigned to monitor progress and report on the implementation of Document No.04.

INFOMED Vietnam wins the world’s first patent for electronic medical records INFOMED Vietnam has won the patent for a blockchain-secured and document-based electronic medical records (EMR) system from the US Patent and Trademark Office, making it the first patent of this kind in the world.

Hanoi to deploy electronic medical records at all hospitals in September Hanoi People’s Committee announced a plan on May 20 to deploy electronic medical records (EMR) at all local hospitals in September.

Under the resolution, the environmental protection tax on petrol (excluding ethanol), diesel, kerosene, mazut, and aviation fuel is set at VND0 per litre. The SCT rate on all types of petrol is also zero per cent.

Petrol, diesel, kerosene, mazut, and aviation fuel are not subject to VAT declaration and payment; however, input VAT remains creditable. The resolution takes effect from April 16 through the end of June 30.

Lawmakers back zero tax rates on fuel through June 30

In addition, to ensure that the domestic petrol, oil, and aviation fuel market is managed in line with global price developments, the NA has authorised the government to issue a resolution to adjust – either shorten or extend – the effective period of this measure.

In urgent cases, the government may also adjust provisions on environmental protection tax, VAT, and SCT as stipulated in this resolution, and will report such actions to the NA at its nearest session.

During the period this resolution is in force, in the event of any discrepancies between its provisions and those of other legal documents concerning environmental protection tax, VAT, and SCT, the provisions of this resolution shall prevail.

Businesses and importers of petrol, diesel, kerosene, mazut, and aviation fuel are not required to declare or pay VAT at the point of sale or importation.

Any matters related to environmental protection tax, VAT, and SCT not specified in this resolution shall be governed by the prevailing laws on taxation, tax administration, and other relevant legal regulations.

Before the vote, Minister of Finance Ngo Van Tuan presented a report to the NA on the reception, explanation, and revision of the draft resolution.

According to Minister Tuan, based on the conclusions of the NA Standing Committee, the appraisal opinions of the NA Committee for Economic and Financial Affairs, and feedback from deputies, the government had conducted a comprehensive review, incorporated feedback to the fullest extent, provided thorough explanations, and finalised the draft resolution in a report submitted to lawmakers.

“At the same time, the government instructed the drafting body to coordinate with the Ministry of Justice and relevant committees of the National Assembly to review and refine the draft on technical grounds, ensuring full compliance with existing procedures, before submitting it to the National Assembly for approval,” Minister Tuan said.

MoF proposes 20 per cent tax on unlisted securities transfers The Ministry of Finance (MoF) has proposed a 20 per cent tax on income derived from capital transfers, including transactions involving unlisted securities.

Banks brace for major leadership reshuffle amid strategic reset The local banking sector is entering a pivotal shareholder meeting season, marked by sweeping leadership reshuffles, governance reforms, and renewed strategic priorities following years of restructuring and balance sheet clean-up.

Tax authority flags 302 companies with prolonged losses for inspection Vietnam’s tax authority has identified 302 enterprises showing signs of prolonged losses and thin margins for targeted inspection, as part of efforts to strengthen oversight and safeguard state revenues.

The new process will include experts in testing, chemistry, and microbiology from specialised medical institutions on the GMP assessment team.

Photo: baodautu.vn

According to Dr. Chu Quoc Thinh, acting director of the Food Safety Authority under the Ministry of Health (MoH), the checklist includes nearly 170 specific criteria, divided into 10 general content groups such as quality management, personnel and training, factory and equipment, hygiene conditions, documentation, production, quality control, contract production and testing, complaints and product recalls, and self-inspection activities.

Health food manufacturing facilities must strictly adhere to GMP principles, from evaluating and controlling the quality of raw materials, monitoring the production process, testing finished products, to tracking product stability after market release.

According to the authority, the checklist will help businesses assess their compliance levels while providing common standards for assessment teams to apply consistently during GMP evaluations. It also serves as an effective tool for regulatory agencies in inspecting and monitoring food safety.

The process is based on the Food Safety Law, Decree 15 of 2018, and Circular 18 of 2019, which guide good manufacturing practices in the production and business of health supplements. It was developed over an extended period with input from specialised units, experts, and industry businesses.

The Food Safety Authority is now developing a plan and establishing assessment teams to implement the issuance and re-issuance of GMP certificates for manufacturing facilities.

According to IMARC Group, the Vietnamese health food market reached nearly $900 million in 2024 and is expected to exceed $1.95 billion by 2033. Approximately 60 per cent of Vietnamese adults have used at least one type of health food product, making it among the highest in the region.

Pharma firms aiming for GMP certificates Despite strict requirements, international pharma giants like Novartis, AstraZeneca, and Pfizer are rushing to complete all necessary procedures to receive the most sought-after GMP recognition for their manufacturing sites, signalling a hotter tender market in the months to come.

FPT Retail and Japanese partners collaborate in health food factory On December 19, FPT Digital Retail JSC, Pharma Foods International (PFI), and Sato Connect Gate (SCGate) signed an MoU on investment in a GMP-standard health food factory in Long An province in Vietnam’s southern region.

Imexpharm raises its status with EU-GMP-standard factories Operating the largest pharmaceutical production lines that meet European standards (EU-GMP) in Vietnam, Imexpharm has great potential to become a leading pharmaceutical enterprise. These advantages are also shown through the company's impressive business results.

Traphaco focuses on modern medicines and invests in EU-GMP factories Vietnam's top herbal pharmaceutical company Traphaco has delivered solid business results for 2023 despite global turbulence, heard the company's AGM on April 12.

Vingroup announced the signing of an MoU with the government of Maharashtra on April 10, establishing a collaborative framework to explore strategic investments across key sectors. The agreement marks a further step in Vingroup’s roadmap to expand its integrated multi-sector ecosystem in India, underscoring its long-term investment commitment and consistent development strategy in the country.

Under the MoU, Vingroup and the state of Maharashtra, acting through the Mumbai Metropolitan Region Development Authority (MMRDA) and the government of Maharashtra's Department of Industries, will establish a broad collaborative framework to explore investments across multiple sectors in the Mumbai Metropolitan Region and broader Maharashtra, amounting to approximately $6.5 billion, including integrated urban townships, electric mobility solutions, renewable energy, and social and public infrastructure.

In urban development, Vingroup will explore the development of integrated urban townships spanning approximately 1,000 hectares, comprising residential, commercial, education, healthcare, and integrated amenity components. The total estimated investment is around $5 billion, aimed at creating new growth centres near Mumbai, including emerging growth zones such as Mumbai 3.0.

In electric mobility, Vingroup, through GSM India, proposes to deploy a large-scale electric taxi fleet and mobility-as-a-service platform, targeting approximately 60,000 electric vehicles for Mumbai and broader Maharashtra. With an estimated investment of approximately $1.5 billion, the initiative is expected to create tens of thousands of jobs over the next three to five years, while accelerating the transition to greener mobility across the state.

In energy, Vingroup, through VinEnergo, will explore opportunities for large-scale renewable energy investments, in alignment with India’s energy transition roadmap and net-zero emissions targets.

In parallel, through its member companies such as Vinschool, Vinmec, and Vinpearl, Vingroup will explore the development of social and public infrastructure projects across education, healthcare, public electric bus transportation, and tourism services, contributing to the completion of its integrated ecosystem in the local market.

On the government side, the state of Maharashtra and MMRDA will support Vingroup in land identification, project planning, facilitation of statutory approvals, provision of connectivity infrastructure, and consideration of applicable incentives in accordance with prevailing regulations, to enable the exploration and implementation of the proposed investments.

The MoU with Maharashtra further strengthens Vingroup’s footprint in India, expanding its network of partnerships across key states and creating additional headroom for implementation in the next phase. The agreement also contributes to enhancing investment connectivity and infrastructure development in one of India’s most dynamic economic centres.

Pham Sanh Chau, CEO of Vingroup Asia, said, “The signing of this MOU with Maharashtra marks another step in the well-defined and long-term strategy of Vingroup in India. Following Telangana and Tamil Nadu, we are progressively expanding our presence in key economic hubs, with the goal of building a fully integrated multi-sector ecosystem spanning urban development, service infrastructure, electric mobility, and green energy. We look forward to partnering with forward-looking localities to deliver meaningful socioeconomic value for communities.”

Devendra Fadnavis, chief minister of Maharashtra, said, “This MoU marks a landmark moment in Maharashtra’s development journey. The scale and scope of the proposed investments by Vingroup will significantly enhance our urban infrastructure, boost sustainable mobility, and create large-scale employment opportunities. Maharashtra remains committed to fostering a business-friendly ecosystem and welcomes global partners to participate in our growth story.”

With a population of over 130 million, Maharashtra is India’s largest state economy, contributing approximately 14 per cent of the national GDP. The Mumbai Metropolitan Region is being developed into a global economic hub, supported by a pipeline of large-scale urban and infrastructure projects.

In India, Vingroup has established cooperation agreements with the states of Telangana and Tamil Nadu to facilitate the exploration of multi-sector investment opportunities.

ACV and Vingroup tie up to advance green transition and airport development On March 23, Airports Corporation of Vietnam and Vingroup formally signed a comprehensive MoU to boost green transformation across Vietnam’s airport system through the deployment of clean energy solutions and sustainable mobility initiatives.

Green SM Indonesia signs investment loan with Bank Central Asia Green SM Indonesia and Bank Central Asia on April 3 announced the signing of a five-year investment loan agreement with a total value of  $300 million.

Asian Hackathon for Green Future 2026 kicks off with $24,000 prize pool The Asian Hackathon for Green Future, a competition dedicated to developing technology-driven solutions for a sustainable future, launched on April 6.

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

• The Dimension of Sedimentation: The current manifesto defining the shift from "capturing a moment" to "accumulating time."
• Stalactite – The Clamorous Stillness: A visual-philosophical record documenting the transition from the fluid exploration of Zenflow to the established principles of Geological Abstractionism. This volume invites viewers into "Cave Time," showcasing the artist's signature "Acrylic with Ink Spirit" technique through two movements: Slow Living and Wild Growth.

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

The "Heaven City" vision is underpinned by a clear state roadmap, including an operational double-track railway by 2026, the M8 Motorway, and Hua Hin Airport's international expansion by 2027. Strategically bridging Bangkok and the Southern Economic Corridor, Hua Hin is emerging as a Global Wellness Tourism Hub and a Safe Haven for HNWIs and discerning investors.

Beyond infrastructure, Hua Hin delivers a lifestyle ecosystem, from a world-class Medical Hub with multilingual healthcare and Elite International Education, to a Golfer's Paradise with championship courses, a world-class vineyard estate, vibrant art scenes, and creative night markets. Anchored by luxury malls and international water parks, it is a sanctuary for every generation, making Branded Residences in Hua Hin increasingly coveted assets among both local and international buyers.

The pinnacle of this evolution is Dusit Ajara Hua Hin. Developed by Dusit Estate, under Dusit International, a globally recognized hospitality brand, this ultra-luxury branded residence builds on Dusit's vision of redefining luxury living through integrated, hospitality-led experiences, as reflected in its mixed-use flagship development in Bangkok, Dusit Central Park. It sits on a prime nearly 8-acre site, featuring 96 exclusive residences with privileged beach access, nestled within the grounds of Dusit Thani Hua Hin. Designed for multi-generational living, it stands as the first low-rise residential project in Asia developed under the Fitwel: Low Rise Residential standard, a leading evidence-based global certification focused on enhancing health and well-being through optimized indoor environments. With its low-density approach, the project champions sustainable well-being. Its signature "Bridging Oasis" concept delivers over 60% green space, seamlessly connecting seven buildings through lush landscaping. Residents enjoy a full suite of amenities, including a five-zone aquatic experience, clubhouse, wellness studio, kids' world, and entertainment spaces.

Dusit Ajara Hua Hin's true distinction lies in its Gracious Hospitality. Backed by Dusit's 77-year legacy, professional property management ensures long-term value, translating into high asset liquidity and a reliable Lifestyle Dividend, supported by a dedicated rental management team.

Dusit Ajara Hua Hin is more than a residence. It is a "Limited Edition Collection" – a low-risk, high-growth asset offering timeless luxury living and sustainable long-term value for a limited collection of families.

Please visit https://www.dusitajara.com/landingpage

• Hua Hin: +66(0) 88 899 8355
• Bangkok: +66(0) 88 822 7882

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

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

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

1. Advancing AI-driven innovation: Leveraging AilsynBio's AI drug discovery platform to accelerate biopharmaceutical R&D processes.
2. Launching specialized research: Engaging in in-depth cooperation on the "Premature Ovarian Insufficiency (POI)" research project.
3. Promoting cross-border fusion: Exploring the integration of biotechnology, AI, and traditional medicine to jointly create a new paradigm for the health industry.

During the ceremony, AilsynBio and Dong-E-E-Jiao signed the agreement on behalf of their respective organizations. The signing was witnessed by Dr. Bo Chen, Chief Scientist of China Resources Pharmaceutical; Mr. Eric Or, Chief Ecosystem Development Officer of HKSTP; and Mr. Pierre Wang, Managing Director of HKU Versitech.

AilsynBio stated that this cooperation is not only a combination of cutting-edge technology and traditional medicine, but also a strategic layout for future healthcare innovation. By leveraging AI technology, the partnership aims to inject technological vitality into traditional medicine for the benefit of more patients.

https://ailsynbio.com/

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

International experts have increasingly identified a defining distinction within Southeast Asia's real estate landscape. While some countries host numerous fragmented, small-scale developments, the ability to achieve true critical mass - a fully integrated, large-scale urban ecosystem - remains rare.

Critical mass refers to master-planned environments where residential, educational, healthcare, retail, and leisure components coexist and are seamlessly linked by robust transport infrastructure. This model has become the defining competitive advantage of Vinhomes-led developments.

Simultaneously, ESG considerations have evolved from a compliance checkbox into a strategic differentiator, increasingly shaping capital allocation. Institutional investors are no longer driven solely by short-term yield but are prioritizing long-duration assets that demonstrate sustainability, resilience, and measurable societal impact.

Vietnam continues to stand out due to its stable political framework, consistent macroeconomic management, and strong FDI performance. In Q1 2026 alone, FDI inflows rose approximately 22% year-on-year, with Ho Chi Minh City recording an exceptional 220% surge. Experts at the forum reached a consensus: global capital is entering a new allocation cycle, concentrating in developments capable of generating intrinsic value through operational sustainability and integrated urban functionality.

The Rise of ESG-Driven Integrated Ecosystems

Geopolitical instability and energy market disruptions have accelerated demand for next-generation urban models, specifically green, smart, and sustainable mega-urban developments structured as holistic ecosystems. Stephen Higgins, Director of Capital Markets at Cushman & Wakefield, noted that contemporary capital flows increasingly target assets with sufficient scale to form comprehensive ecosystems, what he describes as "urban marvels."

Vietnam holds a unique structural advantage: large-scale developments exceeding 1,000 hectares, common in emerging urban corridors, offer rare opportunities for fully integrated master planning, a scale virtually unattainable in many mature markets. ESG standards have become decisive in investment underwriting. While ESG gained traction in the early 2000s, its acceleration post-2020, following net-zero commitments by 2050, has been dramatic. In Vietnam, both investors and multinational tenants prioritize ESG-compliant assets for higher occupancy rate, lower operational risk, and long-term value preservation.

Although Vietnam remains at an early stage in ESG-aligned real estate, it benefits from a "late-mover advantage," adopting global best practices without legacy constraints. Large-scale projects by established developers can create market-wide spillover effects, raising environmental standards, reinforcing social responsibility and setting new benchmarks for governance.

Infrastructure as the Anchor of Capital Allocation

As Griffiths emphasized, capital tends to "follow infrastructure." Metro systems, ring roads, airports, and seaports reshape urban geography and redefine growth corridors. Areas once considered peripheral transform into economic hubs, while traditional centers may gradually lose dominance. This dynamic enables forward-looking investment based on anticipated infrastructure-driven value creation.

Can Gio exemplifies this shift. Historically constrained by limited connectivity, it remained excluded from previous growth cycles. However, with major infrastructure projects underway, market fundamentals are changing decisively. Griffiths noted that coastal destinations are globally competitive; to differentiate, Vietnam must offer compelling value in pricing, quality, and integrated experiences within master-planned estates. Few markets achieve the critical mass required for a fully self-sufficient urban ecosystem. Developments led by Vingroup, such as Vinhomes Green Paradise in Can Gio, provide residents with comprehensive amenities (education, healthcare, wellness, entertainment) within a unified urban framework, supported by strong transport connectivity, ensuring accessibility and long-term viability.

A Blueprint for Integrated Living: The Scale and Scope of Vinhomes Green Paradise

Against this backdrop, Vinhomes Green Paradise is emerging as a flagship next-generation asset in Asia. The convergence of evolving investment preferences and infrastructure expansion has created a clear blueprint: large-scale, integrated urban developments capable of sustaining long-term operations and diversified revenue streams.

Strategically located along over 13 kilometers of coastline, close to Ho Chi Minh City, the project serves both residential and tourism demand. Its scale, approximately 2,870 hectares, enables a fully integrated master plan combining residential zones, hospitality assets, commercial centers, and leisure facilities. This multi-layered revenue structure reduces reliance on capital appreciation alone, enhancing income stability, aligning closely with institutional investment criteria, particularly for long-term capital seeking predictable cash flows.

A defining feature is its adjacency to a UNESCO-recognized biosphere reserve, providing a strong foundation for ESG-aligned development. As global funds tighten sustainability requirements, projects balancing economic growth with environmental preservation hold distinct competitive advantage. Experts have drawn parallels between Vinhomes Green Paradise and global icons like Marina Bay Sands in Singapore and Palm Jumeirah in Dubai. Notably, no other location in Asia currently offers the conditions to replicate such a development so close to an existing major metropolis, positioning this project as a uniquely scarce asset.

Large conglomerates like Vingroup possess the execution capability to deliver such complexity, offering a diverse product mix, villas, high-end apartments, smart urban infrastructure, within a single ecosystem. Capital from markets such as Japan is increasingly focusing on Vietnam, seeking entry opportunities.

Vietnam is entering a new investment cycle, characterized by macroeconomic stability, accelerated infrastructure development, and rapid urbanization. These factors together create a strong gravitational pull for global capital. However, international capital is not merely seeking large markets, it seeks points of convergence where capital can be preserved and compounded over the long term.

In this context, Vinhomes Green Paradise is positioning itself as a new capital "sink" – where scale, location, ecosystem integration, and ESG alignment intersect. As often observed in early-stage investment cycles, the greatest advantages accrue to those who recognize structural growth patterns before they are fully priced into the market. Vietnam, and projects like Vinhomes Green Paradise, are increasingly entering this phase of asymmetric opportunity.

https://vinhomes.vn/en

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

Developed in partnership with VML, the campaign transforms LUX's ads into what it calls "algorithm cleansers", content engineered to generate behavioural signals that help redirect and diversify users' feeds over time.

Feeds aren't as personal as they feel

Social media feeds are often seen as a reflection of personal taste. In reality, they are shaped by behaviour. Every pause, watch, save, or share becomes a signal that determines what appears next.

Over time, these signals can narrow feeds into repetitive loops, built not from what they actively choose, but from what they momentarily engage with.

While users may not fully control their feeds, they are constantly influencing them.

An ad that doesn't just reach you, but teaches your algorithm

LUX's approach is built on a simple shift in thinking. An ad is not just a message. It is a behavioural event.

Every interaction with an ad generates signals, and those signals influence the algorithm to evolve.

This is the first time a brand has designed advertising not just to influence people directly, but to influence the algorithms that shape what people see.

It also introduces a new dynamic between paid and organic content. Behaviours driven by ads can influence what platforms recommend beyond them.

From interruption to intervention

LUX My Algorithm turns advertising into something more active. Not just appearing in feeds, but acting on them.

Developed in consultation with algorithm experts, the campaign reflects a deeper understanding of how digital systems can be influenced through behaviour.

Dr. Catherine Ball, Scientist and Futurist, said:
"This campaign is doing something fundamentally different. It repurposes advertising from interruption to intervention."

From cleansing skin to cleansing feeds

The campaign extends LUX's long-standing association with cleansing into the digital world. LUX My Algorithm addresses the accumulation of signals that shape content, mood, and self-expression over time.

Judy Zu, Global Brand Director, LUX, said:
"LUX has always stood for self-expression. 'My Algorithm' starts from a simple truth: what we engage with shapes what we see, and how we feel. This is about helping people take a more intentional role in that process, and creating a more positive relationship with their feeds."

Tested in real feeds

Before launching globally, LUX tested the idea through a real-world experiment. Participants engaged consistently with LUX content over time, resulting in observable shifts in their feeds as new recommendation patterns emerged.

As part of the campaign, LUX continues to document how feeds evolve through sustained interaction, observing how content exposure can gradually redirect and diversify.

• The Sweet Spot: The tool encourages you to keep your screen at an optimal
  90-degree angle.
• The Gentle Nudge: If you start to slouch and the angle drops (and with it your head), the sensor detects it and the screen blinks, prompting you to raise your phone and go chin up.
• The Reset: Straighten up, bring your phone back up and carry on scrolling with boldness.

LUX believes this can be an essential modern-day beauty ritual that extends beyond the shower to solve a modern-day problem. By habituating women to hold the right posture, LUX is naturally lifting their chins, opening their posture, and instantly restoring that vibrant, room-commanding presence. It's a small shift that brings Main Character Beauty to life, on screen and off.

Make LUX Chin Up a habit, try it for a week and improve your posture. Visit lux.com/chinup

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

3 Minutes to Full Power: Solving the Charging Crisis

Range anxiety remains a critical hurdle for European EVs. This is particularly true for drivers without private home charging infrastructure. XEV addresses this with its proprietary battery swapping network.

The XEV YOYO and the upcoming XEV XPRESSION are engineered with a modular battery system. Instead of waiting hours at a charging point, drivers pull into a dedicated station. They complete a fully automated battery replacement in approximately three minutes.

This "SWAPPING" technology does more than save time. It improves operational efficiency for commercial users and ensures the vehicle is immune to battery degradation. Since the driver does not own the battery, they never have to worry about the cell's lifespan affecting the car's resale value. This creates a "Zero Usage Anxiety" experience for the owner.

Commercial Application: Powering the Last-Mile Economy

The flexibility of the XEV platform extends well beyond personal commuting. It is designed to serve the booming last-mile economy. The platform supports last-mile delivery vehicles and shared mobility fleets.

XEV provides specialized enclosed cargo options for logistics companies. The vehicle can even be customized for small business applications, such as mobile coffee carts or retail trucks. For small business owners, the vehicle serves as a mobile asset that can be configured for specific trades, effectively lowering the barrier to entry for entrepreneurs.

XEV has already initiated pilot projects with major European logistics firms to prove the model's viability for high-frequency urban commuting and commercial delivery. For car-sharing services, the high utilization rates and low maintenance needs of the YOYO make it an ideal asset for time-based rental fleets. The modular design further supports this eco-friendly lifecycle by facilitating easy repair and part upgrades. This extends the product lifespan and reduces waste compared to traditional vehicles that are often scrapped when a single major system fails.

A Strategic Supply Chain for a New Era

XEV achieves this level of flexibility through a strategic manufacturing model. The company adopts a capital-light approach that relies on deep collaboration with mature Asian automotive supply chains. This ensures rigorous quality control and cost efficiency without the bloating of traditional manufacturing.

Simultaneously, XEV is committed to European localization. The company is currently establishing assembly hubs and battery swapping networks across Europe to better serve local demand. This dual approach allows XEV to combine global manufacturing power with local market responsiveness. It ensures that while the technology is global, the support and infrastructure are local.

Availability

Sales and deliveries of the XEV YOYO have commenced in whole European markets, including major countries of Italy and Germany, Spain and France and Argentina of South America, Peru of Africa etc.. The company continues to expand its infrastructure to support the growing network of users who demand a smarter and cleaner way to move through their cities.

For more information on the YOYO and the battery-swapping network, visit https://www.xev-global.com/yoyo or explore the upcoming XPRESSION model at https://www.xev-global.com/xpression.

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

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

Headquartered in Hong Kong for 55 years, Global Sources has been dedicated to connecting global buyers with Asian manufacturers and is internationally recognised as a sourcing hub for innovative consumer products. This edition of the show brings together suppliers from multiple countries including Chinese mainland, Vietnam, South Korea and India. Hundreds of Chinese mainland exhibitors have already established overseas factories in Cambodia, Indonesia, Thailand, Vietnam, Mexico, Turkey and other locations, offering multi-country production capabilities that provide global buyers with a critical anchor of sourcing certainty in an era of uncertainty.

John Kao, Vice President of Hong Kong Shows & Overseas Shows at Global Sources, said: "Against the backdrop of an accelerating restructuring of the global trade landscape, tariff policies of major economies continue to shift. More than half of multinational enterprises are stepping up supplier diversification. As of March, global pre-registered buyers grew 35% year on year, with particularly strong increases from Eastern Europe, Western Europe, the United States and ASEAN — a testament to the Hong Kong Show's standing as the most direct window into Asia's full-spectrum supply chain. Over the past year, we have observed that sourcing decision cycles are getting shorter. Buyers are increasingly asking not only whether a product is innovative, but also whether a supplier has strong ODM collaboration capabilities and can support product launches within the next six to twelve months." This means that for the global brand owners, channel partners and system integrators attending the show, it serves not only as a platform for discovering new products, but also as a venue where they can identify and evaluate partners with the capabilities to collaborate from co-design through to scalable delivery — significantly reducing friction costs and uncertainty in cross-border partnerships while enhancing the efficiency and resilience of the entire trade chain.

Full-Stack Esports Ecosystem on Display; KOL & Buyer Gaming Peripherals Popularity Vote Returns

The Gaming Show features close to 500 booths, presenting core products such as monitors, mechanical keyboards, gaming headsets, ergonomic chairs and PC cases. Going beyond individual product displays, the show emphasises seamless cross-brand product integration to build a complete esports desktop ecosystem, enabling buyers to source a full suite of peripherals in one stop.

The third edition of the "KOLs & Buyers' Favorite Gaming Gear Awards" returns alongside the show. A judging panel comprising top KOLs from the United States, Poland, Chinese mainland and Hong Kong will evaluate six popular categories — gaming mice, keyboards, chairs, monitors, PC cases and headsets — across five dimensions: design, functionality, user experience, material quality and innovative technology. Through on-site hands-on testing and live demonstrations, the awards deliver a credible annual sourcing guide that combines professional endorsement with real market feedback.

Consumer Electronics Show Covers Diverse Lifestyle Scenarios; Electronics Components Show Focuses on Energy Technology Frontiers

The Consumer Electronics Show features approximately 3,500 booths, presenting diverse sourcing options through a scenario-based layout. The outdoor electronics zone captures the camping and cycling trends, bringing together photography equipment and smart mobility devices. The audio zone is organised around home entertainment and office conferencing scenarios. The computer & accessories, commercial electronics and auto electronics sections respectively showcase hybrid work solutions, retail service solutions and intelligent driving system-level solutions. By grouping exhibits according to real-world application scenarios, buyers can directly compare and evaluate products in contexts that mirror end-user needs, boosting sourcing decision efficiency.

The Electronics Components Show features around 100 booths, closely tracking energy technology trends. Highlights include semi-solid-state batteries, solid-state batteries and other cell-level products, as well as system-level solutions such as integrated battery storage cabins and portable power stations. The show helps buyers grasp the technology iteration path from cells to energy storage systems, along with supply chain integration opportunities.

Innovation Awards and Global Sources Summit Held Concurrently, Spotlighting AI and Gen Z Trends

The Global Sources Innovation Awards ceremony takes place during the show, with judging conducted jointly by industry association experts, technology media, standards body authorities, senior buyers and the Global Sources professional judging panel. Phase I awards focus on the consumer electronics sector. This year, Global Sources continues its partnership with the European Product Design Awards (EPDA)™ to present the "Best Product Design Awards," recognising products and brands that redefine industry standards through breakthrough design and forward-thinking innovation. Multiple new product launch events are also held concurrently, with a number of major new products making their global or Asian debut.

The Global Sources Summit runs in parallel with the show, bringing together industry experts and certification authority representatives from organisations including the Hong Kong Wireless Technology Industry Association, Cyberport and SGS Hong Kong to discuss cutting-edge industry topics. Summit content covers product innovation trends, AI applications, supply chain optimisation, regulatory compliance, green manufacturing and sustainability. Phase I discussions focus specifically on how artificial intelligence (AI), Generation Z (Gen Z) consumer trends and sustainability are redefining the consumer electronics and gaming industries.

Comprehensive Buyer Service Upgrades Drive Precise Matching and Trade Collaboration

To further enhance the buyer sourcing experience, this edition of the show introduces a number of new services. The upgraded Business Matching service is expected to arrange over 3,000 buyer-supplier matching sessions across all three phases, facilitating collaboration between global buyers with clear sourcing intent and quality suppliers. A Sourcing Connection Desk has been set up on-site for the first time, providing comprehensive support to help buyers locate target exhibitors and arrange on-the-spot matching — offering real-time assistance for buyers who were unable to book appointments in advance. In addition, the Hong Kong Show website has launched a new Meet the Exhibitors page, allowing buyers to search by show, product, country or region, with features to contact exhibitors and add events to their calendars for more effective sourcing trip planning. The Global Sources Buyer App has also been fully optimised to deliver a simpler, more personalised user experience that puts information at buyers' fingertips. The show expects to welcome close to 900 new overseas buyers to participate in on-site matching and networking activities, including high-quality buyers from Western Europe, the United States, Japan and ASEAN.

From solid-state and sodium-ion advances to intelligent equipment and carbon-tracking systems, the show will bring together key players across the international supply chain, giving companies a platform to showcase capabilities, connect with partners, and tap into new markets.

A lineup of high-level forums will run alongside the exhibition to dig into topics like emerging storage technologies and battery carbon-footprint management, bringing together industry participants to explore practical paths forward. More than 2,000 experts, researchers, and business leaders are expected to attend, offering a read on policy direction, emerging tech, and market trends.

This year's show will also put a spotlight on energy storage batteries, fuel cells, recycling technologies, and energy-efficient manufacturing equipment—positioned as a platform for zero-carbon industrial parks and low-emission development initiatives. The goal is to back the kind of robust growth that comes with a low-carbon economy.

China's battery sector closed out 2025 with steady shipment volumes and climbing prices, a clear sign of improving quality and efficiency across the sector. Full-year exports totaled 37.896 billion battery units, roughly flat from a year earlier, but the value jumped 22.8% to $82.279 billion—underscoring the country's continued edge in international markets. It is increasingly shifting toward power batteries and emerging energy storage technologies, with smart manufacturing playing a larger role in improving efficiency and supporting higher-value, lower-emission production.

As the competitiveness and market position of China's battery sector continue to rise, CIBF2026 has become a leading international exhibition—one that sits at the crossroads of policy and industry, technology and market, and domestic and international opportunity.

With the global energy transition accelerating and China's battery sector gaining strength, visitor registration for CIBF is now open. Industry professionals can reserve their spot through the official platform to take in what's become a key gathering point for the international battery community.

For more information, visit: https://www.cibf.org.cn/en-US.