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Laos Inflation Rate Shoots up to 38.46 Percent in November

Photo credit: Istock

Laos saw an increase in inflation once again in November at 38.46 percent, according to the latest report from the Lao Statistics Bureau (LSB).

HKUST and The Institute of Sustainability and Technology sign Memorandum of Understanding to empower sustainable solutions through education and technology

The Chief Secretary for Administration officiated the ceremony
Industry leaders from over 100 organizations gathered at the forum to address pressing ESG issues

HONG KONG SAR – Media OutReach – 5 December 2022 – The School of Business and Management of The Hong Kong University of Science and Technology (HKUST Business School) and The Institute of Sustainability and Technology (IST) signed a Memorandum of Understanding (MoU) to foster the partnership on ESG initiatives through education and technology. Embracing the mission to empower sustainable solutions for the world’s most pressing environment and social challenges, both entities are keen to accelerate the transition to a circular economy and drive innovation towards a net-zero future.

With the presence of the Guest of Honour – Mr. CHAN Kwok-ki, Chief Secretary for Administration of HKSAR and Professor Nancy IP, President of HKUST, Ms. Poman LO, Founder & Faculty Advisor of IST, Adjunct Professor of Department of Management at HKUST and Professor TAM Kar Yan, Dean of HKUST Business School, signed the MoU to affirm the strategic partnership. Industry leaders and business elites representing over 100 organizations joined to show their overwhelming support and commitment to sustainability.

Mr. Chan Kwok-ki, Chief Secretary for Administration of HKSAR said, “Hong Kong, as an international financial centre connecting global capital with opportunities, has a unique role to play in addressing the world’s most pressing environment and social challenges brought about by climate change. Making an all-out effort including the issuance of green bonds, implementation of the Green and Sustainable Finance Grant Scheme and nurturing of talent, and leveraging its close partnership with relevant stakeholders, the HKSAR Government will steadfastly develop Hong Kong into a green and sustainable hub in the region.”

Ms. Poman Lo, Founder & Faculty Advisor of IST, Adjunct Professor of Department of Management at HKUST said, “To nurture the next generation of ESG talent, we are honoured to partner with HKUST in co-creating a series of globally recognized executive training programs to inspire purpose-driven business management. While striving for net zero by 2050, Hong Kong is uniquely positioned to maximize synergies with GBA cities to play a strategic gateway role as a regional green finance hub for sustainable investments and cross-border carbon trading. Through deployment of catalytic capital, we can fuel innovation and empower triple returns via a thriving ecosystem for decarbonization technologies to accelerate the transition to a circular economy. By leveraging on innovative technology, education initiatives and strategic collaboration, we can win the race to net zero and build a brighter, greener future for us all and generations to come.”

Professor Nancy Ip, President of HKUST said, “HKUST and IST share the same vision of guiding our city towards a net-zero, sustainable future through education and technology. Through our core missions in research, teaching, and innovation, we are grooming the next generation into responsible professionals and leaders, and contributing to solving pressing environmental and social issues. I am confident that by leveraging the strengths of both organizations, this partnership between HKUST and IST will become a key platform for bringing real and meaningful impacts on the sustainability front.”

Professor Tam Kar Yan, Dean of HKUST Business School, said, “We are pleased to enter this partnership with IST to support Hong Kong’s brown-to-green transition through talent development and technology deployment. Marking a key event under this partnership, the ESG Forum familiarized participants with key aspects of ESG management through expert insights covering strategy, risks, benchmarking and future trends. We look forward to pursuing with IST a broad range of sustainability-related opportunities in training, research and development, and community engagement.”

At the ceremony, Mr. Arthur YUEN, Deputy Chief Executive of Hong Kong Monetary Authority, Ms. Glenda SO, Co-Head of Markets, Hong Kong Exchanges and Clearing Limited, Mr. Robert H. McCOOEY, Jr., Vice Chairman of Nasdaq, Dr. MA Jun, Chairman of Green Finance Committee and China Society for Finance and Banking, Co-Chairman of G20 Sustainable Finance Study Group, Prof. Christine LOH, Chief Development Strategist, Institute for the Environment at HKUST, delivered speeches on the importance of ESG in influencing different aspects of our society and potential impact to the world.

An ESG Forum was held after the MoU signing ceremony. Various renowned academics and industry veterans participated in the forum, exchanged their views and shared insights on ESG and sustainability. Topics and speakers include:

Session 1
“Global Sustainability Strategies”
Ms. Poman Lo, Founder & Faculty Advisor of IST, Adjunct Professor of Department of Management at HKUST

Dr. Ma Jun, Chairman of Green Finance Committee and China Society for Finance and Banking, Co-Chairman of G20 Sustainable Finance Study Group;

Prof. Tam Kar Yan, Dean of HKUST Business School

Session 2
Value Creations (Public vs Private Sectors) & Green Finance for Sustainability
Prof. Christine Loh, Chief Development Strategist, Institute for the Environment at HKUST

Prof. Thomas C. C. Wong, Chairman of Sustainable Development Committee at Chinese Manufacturers Association

Dr. Stan Ho, Adjunct Associate Professor of Department of Finance at HKUST

Session 3
Technology and Investment Innovation for Sustainability
Dr. Jacky Tang, Managing Director of Goldman Sachs, Advisor of World Green Organisation

Dr. Chak Wong, Professor of Science Practice, Mathematics Department at HKUST

Session 4
Discussion – Net-zero and Its Implication: Roadmap to Sustainability
Mr. John Sayer, Executive Director of Deloitte CarbonCare Asia

Mr. Patrick Lee, Ex-Regional Head of Equities Portfolio Management, Asia Pacifi­c, HSBC Private Banking

Experiential learning – Mindful Leadership for Sustainability Ms. Amy Fong, Chief Operating Officer of FountainVest Partners (Asia) Limited; Ex-CEO of Save the Children

To learn more about the Institute of Sustainability and Technology, please visit: www.istAsia.org.

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

About The Institute of Sustainability and Technology

The Institute of Sustainability and Technology (IST), a non-profit organization sponsored by the Century City Group, is established with a mission to empower transformational solutions to tackle the world’s most pressing environmental and social challenges via innovative technology, education initiatives and strategic collaboration. To nurture the next generation of ESG talent, IST is partnering with HKUST Business School to co-create a series of globally recognized training programs for business executives. Catering to the diverse context of Asian markets, IST seeks to establish robust impact measurement and management methodology as well as ESG ratings and benchmark standards for different sectors across Asia Pacific. To promote thought leadership and best practices, IST sponsors interdisciplinary research studies to provide compelling data to advance the agenda for sustainable development. For more details about the Institute, please visit .

About The Hong Kong University of Science and Technology

The Hong Kong University of Science and Technology (HKUST) () is a world-class research intensive university that focuses on science, technology and business as well as humanities and social science. HKUST offers an international campus, and a holistic and interdisciplinary pedagogy to nurture well-rounded graduates with global vision, a strong entrepreneurial spirit and innovative thinking. Over 80% of our research work were rated “Internationally excellent” or “world leading” in the Research Assessment Exercise 2020 of Hong Kong’s University Grants Committee. We were ranked 3rd in Times Higher Education’s Young University Rankings 2022, and our graduates were ranked 30th worldwide and among the best from universities from Asia in Global Employability University Ranking and Survey 2022. As of 2022, HKUST members have founded 1,645 active start-ups, including 9 Unicorns and 7 IPO companies, generating economic impact worth over HK$400billion. InvestHK cited QS World University Rankings by Subject 2021 to demonstrate the performance of five world’s top 100 local universities in several innovation-centric areas, among which HKUST ranked top in four engineering and materials science subjects.

Laos Sees an Increase in the Number of Sexually Transmitted Diseases

Lao has seen high numbers of sexually transmitted diseases from January to June.

Ministry of Health and the Centre for HIV/AIDS and Sexually Transmitted Infections (CHAS) recently shared information about the number of patients in Laos who have been diagnosed with sexually transmitted diseases.

APO Secretary-General and Indonesian Vice Minister of Finance Exchange Ideas on Enhancing Labor Productivity

TOKYO, JAPAN – Media OutReach – 5 December 2022 – Asian Productivity Organization (APO) Secretary-General Dr. Indra Singawinata received Indonesian Vice Minister of Finance Dr. Suahasil Nazara and delegates at the APO Secretariat in Tokyo on 2 December 2022 to exchange ideas on increasing prosperity through labor productivity enhancement in APO members. Vice Minister Suahasil expressed interest in strengthening productivity initiatives through fiscal policy measures.

Caption
(Left to Right) Director General of Budget Financing and Risk Management Ministry of Finance Dr. Suminto, Indonesian Vice Minister of Finance Dr. Suahasil Nazara, APO Secretary-General Dr. Indra P. Singawinata, and Special Adviser to the Minister of Finance Dr. Titik Anas discussing labor productivity enhancement.

“It is high time for Indonesia and other developing countries to reflect productivity performance in their minimum wage formulas, although this could be sensitive,” stated the Vice Minister. He acknowledged that while labor market policy could be used as a tool for the social protection of workers, its impact on the improvement of productivity would require in-depth investigation. Vice Minister Suahasil suggested that, although such a policy might not fit all countries, the APO could study this pressing issue and disseminate the results to its members as part of efforts for more inclusive productivity improvement.

The Vice Minister emphasized that productivity improvement should be considered from a long-term perspective, requiring well-planned, consistent, continuous policy interventions. “The APO is grateful for the sharing of ideas and looking forward to future collaboration on them for the benefit of its members,” responded Secretary-General Dr. Indra in concluding the discussion.

Hashtag: #APO

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

About the APO

The APO is an intergovernmental organization established in 1961 to increase productivity in the Asia-Pacific region through mutual cooperation. The APO contributes to the sustainable socioeconomic development of the region through policy advisory services, acting as a think tank, and undertaking smart initiatives in the industry, agriculture, service, and public sectors.

The APO is shaping the future of the region by assisting member economies in formulating national strategies for enhanced productivity and through a range of institutional capacity-building efforts, including research and centers of excellence in members. It is nonpolitical, nonprofit, and nondiscriminatory.

The current membership is 21 economies, comprising Bangladesh, Cambodia, the Republic of China, Fiji, Hong Kong, India, Indonesia, the Islamic Republic of Iran, Japan, the Republic of Korea, Lao PDR, Malaysia, Mongolia, Nepal, Pakistan, the Philippines, Singapore, Sri Lanka, Thailand, Turkiye, and Vietnam.

One of APAC’s Largest Operators of Flexible Workspaces, The Flexi Group, To Go Public Through Merger with Tsangs Group’s TG Venture Acquisition Corp

The Flexi Group manages 45 locations in 12 cities and 9 countries in Asia and Australia under regionally-recognized brands the Hive, Common Ground and The Cluster. Combination values The Flexi Group at an implied pro forma enterprise value of $205 million

SINGAPORE – Media OutReach – 5 December 2022 – The Flexi Group Holdings Ltd. (“The Flexi Group“), the largest flexible workspace operator in Asia, and TG Venture Acquisition Corp (Nasdaq: TGVC and
TGVCW) (“TGVC“), a special purpose acquisition company sponsored by Tsangs Group, announced today that they have entered into a definitive business combination agreement that will result in The Flexi Group becoming a publicly traded company upon closing.

The transaction is expected to be completed in the second quarter of 2023, subject to regulatory approvals and other customary closing conditions. After closing, The Flexi Group’s ordinary shares are expected to trade on the Nasdaq Stock Market LLC under ticker symbol FLXG.

Unified in 2022 following a merger of three leading brands, The Flexi Group has a combined 25 years of experience designing, building and operating flexible workspaces in Asia and Australia. They are one of the region’s largest flexible workspace operators with 45 locations in 12 cities and 9 countries including Australia, Singapore, Malaysia, Hong Kong, Thailand, Philippines, Taiwan, Vietnam and Japan.

Unlike other flexible workspace operators, The Flexi Group takes an asset-light approach to its real estate ventures, partnering with landlords on joint ventures instead of leasing office space and taking on potentially significant financial obligations under rental agreements. By partnering with The Flexi Group, landlords can offer increased flexibility to tenants, as well as improve greater building engagement by offering them access to events, agile work solutions and bookable meeting and event spaces.

The Flexi Group’s multi-brand for a multi-demographic approach is unusual in the industry and creates the opportunity to partner with landlords across a variety of asset classes with differentiated pricing, building, location, and office size preferences, thus allowing each brand to grow strategically across the globe.

Following the business combination, The Flexi Group plans to embark on a consolidation strategy across APAC into North America, UAE and Europe.

Transaction Overview

The definitive business combination agreement reflects an implied pro forma enterprise value of $205 million. Marshall & Stevens Transaction Advisory Services LLC rendered an independent fairness opinion as to the fairness of the consideration from a financial point of view.

The transaction, which has been unanimously approved by the Boards of Directors of The Flexi Group and TGVC, is subject to approval by TGVC’s and The Flexi Group’s shareholders. Completion of the transaction is also subject to customary closing conditions, including that TGVC hold net tangible assets of at least $5,000,001 immediately prior to closing, net of redemptions and liabilities (including TGVC’s transaction expenses).

Additional information about the proposed transaction, including a copy of the business combination agreement, will be available in a Current Report on Form 8-K to be filed by TGVC with the U.S. Securities and Exchange Commission (the “SEC”) and at www.sec.gov.

Webcast and Presentation Information

TGVC, along with the management of The Flexi Group, plans to hold a webcast to discuss The Flexi Group business model and opportunity after the filing of the related Registration Statement on Form F-4, which is expected to occur in early 2023. The webcast, detailed investor presentation, and all other materials presented during the webcast will be available on TGVC’s website at https://tgventureacquisition.com. Additionally, TGVC will file the investor presentation with the SEC as an exhibit to a Current Report on Form 8-K, which will be available on the SEC’s website at www.sec.gov.

Advisors

ARC Group Limited is serving as exclusive financial advisor to The Flexi Group, with Lucosky Brookman LLP and Conyers Dill & Pearman serving as legal counsel to The Flexi Group. TriPoint Capital Management, LLC is serving as advisor to TGVC, Marshall & Stevens Transaction Advisory Services LLC is serving as financial advisor to TGVC, with DLA Piper LLP (US) and Ogier LLP serving as legal counsel to TGVC.

Hashtag: #TheFlexiGroup

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

About TG Venture Acquisition Corp.

TG Venture Acquisition Corp. is a blank check company led by Chairman and Chief Executive Officer Patrick Tsang, along with CFO Philip Rettger and directors Michael Alexander, Komal Ahmed and Jason Cheng Yuen Ma. TGVC was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. TGVC focuses on industries where its management team and founders have experience and insights and can bring significant value to business combinations.

About Tsangs Group

Tsangs Group is an innovation-focused global family office that bridges East and West. Tsangs Group’s mission is to invest in global opportunities that allow it to exert positive influence and drive positive impact in Hong Kong, Asia and beyond. Headquartered in Hong Kong, Tsangs Group has direct investments across the world, and seeks out positive impact investments that reflect its values of innovation, sustainability, and togetherness. Tsangs Group’s strategy is opportunistic and both sector and location agnostic. From fintech to entertainment to space travel, Tsangs Group is always investigating, analyzing, and supporting the cutting edge of global innovation and development. For more information, please visit: .

Additional Information

This press release relates to a proposed transaction between The Flexi Group and TGVC. This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any offer, sale or exchange of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the transaction described herein, TGVC, The Flexi Group or a successor entity thereof intend to file relevant materials, including a registration statement on Form F-4, with the SEC, which will include a document that serves as a joint prospectus and proxy statement, referred to as a proxy statement/prospectus. A proxy statement/prospectus will be sent to all shareholders of TGVC and The Flexi Group. The Flexi Group, TGVC or a successor entity thereof will also file other documents regarding the proposed transaction with the SEC. Before making any voting or investment decision, investors and shareholders of The Flexi Group and TGVC are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction.

Investors and shareholders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by The Flexi Group, TGVC or any successor entity thereof through the website maintained by the SEC at www.sec.gov.

The documents filed by TGVC with the SEC also may be obtained free of charge upon written request to TG Venture Acquisition Corp, 1390 Market Street, Suite 200, San Francisco, CA 94102 or via email at . The documents filed by The Flexi Group or any successor entity thereof with the SEC also may be obtained free of charge upon written request to The Flexi Group Holdings Ltd., Wisma UOA II, Penthouse 16-1 Level 16, No.6, Changkat Semantan, Bukit Damansara, 50490 Kuala Lumpur, Malaysia or via email at .

Participants in the Solicitation

The Flexi Group, TGVC and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from TGVC’s shareholders in connection with the proposed transaction. A list of the names of such directors and executive officers, and information regarding their interests in the business combination and their ownership of TGVC’s securities are, or will be, contained in TGVC’s filings with the SEC, and such information and names of The Flexi Group’s directors and executive officers will also be in the Registration Statement on Form F-4 to be filed with the SEC by The Flexi Group, TGVC or a successor entity thereof, which will include the proxy statement of TGVC.

Non-Solicitation

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of TGVC, The Flexi Group or any successor entity thereof, nor shall there be any offer, solicitation, or sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended (the “Securities Act“).

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. These forward-looking statements include the statements regarding the expected timing for completion of the proposed transaction, The Flexi Group’s intentions to embark on a consolidation strategy, and Flexi’s projected revenues. All forward-looking statements are based on TGVC’s and The Flexi Group’s current expectations and beliefs concerning future developments and their potential effects on TGVC, The Flexi Group or any successor entity thereof. Forward-looking statements are based on various assumptions, whether or not identified in this press release, and are subject to risks and uncertainties. These forward-looking statements are not intended to serve as a guarantee of future performance.

Many factors could cause actual future events to differ materially from the forward-looking statement in this press release, including but not limited to: (i) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the business combination agreement by TGVC’s shareholders, the satisfaction of the minimum trust account amount following any redemptions by TGVC’s public shareholders, (ii) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement, (iii) the effect of the announcement or pendency of the transaction on The Flexi Group’s business relationships, operating results and business generally, (iv) risks that the transaction disrupts current plans and operations of The Flexi Group, (v) the outcome of any legal proceedings that may be instituted against The Flexi Group or TGVC related to the business combination agreement or the proposed transaction, (vi) costs related to the transaction and the failure to realize anticipated benefits of the transaction or to realize estimated pro forma results and underlying assumptions, including with respect to estimated shareholder redemptions, (vii) the risk that The Flexi Group and its current and future collaborators are unable to successfully develop and commercialize The Flexi Group’s products or services, or experience significant delays in doing so, (viii) the risk that The Flexi Group may need to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all, and (ix) the risk that the post-combination company experiences difficulties in managing its growth and expanding operations. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the registration statement on Form F-4 and proxy statement/prospectus discussed above and other documents filed or to be filed by TGVC, The Flexi Group and/or or any successor entity thereof from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and The Flexi Group and TGVC assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Kodecoon Academy and SCOGA organising Singapore’s first esports training camp and competition for 9 years old children

SINGAPORE Media OutReach – 5 December 2022 – Kodecoon Academy, a local coding and programming school is organising a gaming competition to expose the next generation to the world of esports. The Kodecoon Cup, a 5-day esports training camp in preparation for a gaming competition in December is the first of its kind in Singapore. This competition is held together with Singapore Cybersports and Online Gaming Association (SCOGA) – one of the pioneers in the esports industry and has helped multiple schools build an esports curriculum.

With 7 years of teaching experience, Kodecoon realised that students love creating and playing games on Roblox. Building on this interest that students have, Kodecoon becomes one of the official education partners of Roblox.

Gaming when brought to an extreme can be bad, but Kodecoon aims to develop determination, discipline and teamwork through gaming. And this is what the Kodecoon Cup is all about – to develop positive traits in children through a gaming competition.

Deddy Setiadi, the Director of Kodecoon Academy has realised that it is challenging to nurture these traits amongst students through traditional camps or bonding activities. In fact, it is easier to gain a child’s attention and build their character by leveraging on the activities they love.

Hence, Kodecoon Academy together with SCOGA introduced this 5 day training camp to expose children from as young as 9 years old to the esports industry and experience what it is like to be an esports athlete. More than just playing, the children will experience critical thinking, teamwork, communication, discipline and leadership. Students will then come together on 30th December 2022 for a gaming competition.

This is Singapore’s first gaming competition for young children but Kodecoon Academy and SCOGA are not stopping there. They want to change the traditional view that parents have of esports and believe there is a lot to be learnt from this growing industry. Hence, they will be partnering up to offer enrichment lessons on esports to further prepare children for this industry while also teaching them coding, critical thinking and leadership.

Hashtag: #KodecoonAcademy

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

Govt. Repairs Streetlights Across Vientiane Capital

Photo credit: Xinhuanet.com

Electricite du Laos fixed numerous streetlights in Vientiane Capital last week, to celebrate the 47th Lao National Day and the 102nd birth anniversary of Laos’ former president, Mr. Kaysone Phomvihane.

VinFast opens its first two stores in Cologne and Paris

COLOGNE, GERMANY/PARIS, FRANCEMedia OutReach – 5 December 2022 VinFast has officially opened its first two VinFast Stores in Cologne, Germany and Paris, France. The event marked a starting point for VinFast in its European retail store network, affirming VinFast’s strong commitment to driving the revolution of sustainable mobility.

VinFast-Cologne-Exterior.jpg
VinFast Cologne

VinFast Cologne in Germany and VinFast Madeleine in France are officially the first two stores to open in the European markets. Located in high-visibility corners, VinFast Cologne and VinFast Madeleine will be the ideal locations to increase brand presence, helping VinFast quickly establish a connection and build trust with its customers in Europe.

As the 1S model in the retail network, VinFast Cologne and VinFast Madeleine focus on product display and sales purposes. Customers can explore the interior and exterior designs of the stunning Pininfarina-designed VF 8 and VF 9, experience advanced technologies, and receive support from VinFast’s electric vehicle experts.

With a modern design language, and elements inspired by the beauty of Vietnam’s natural wonders, VinFast Cologne and VinFast Madeleine both offer spacious ambiance blended with advanced technologies to convey the “Future of Mobility” inspiration to visitors. In addition to advanced online shopping technologies, the brick-and-mortar retail store will be a direct link to create seamless O2O experiences and peace of mind throughout the VinFast EV ownership journey.

Speaking about this event, Ms. Ho Thanh Huong, CEO of VinFast in Europe, said: “The opening of VinFast Cologne and VinFast Madeleine is only the starting point of our retail network across Europe. It strongly affirms not only the brand’s official presence in the European market, but also the sternness of realizing VinFast’s commitment to our customers. I believe VinFast’s retail network will be the reliable connections with European customers throughout their EV ownership journeys and provide customers with convenience and optimal assistance on their transition towards the future of sustainable mobility.”

The opening of the first VinFast stores in Europe will be celebrated at VinFast Cologne. This is an important location in VinFast’s retail network plan for Germany, alongside Berlin, Munich, Hamburg, Frankfurt, and Oberhausen. In addition, the network of stores across Europe will soon be launched in Marseille, Rennes, Montpellier, and Metz (France), and Amsterdam, Den Haag, and Rotterdam (The Netherlands).

Hashtag: #VinFast #Vingroup

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

About Vingroup

Established in 1993, Vingroup is one of the leading private conglomerates in Asia, currently focusing on three main areas: Technology and Industry, Services, and Social Enterprise. Find out more at: .

About VinFast

VinFast – a member of Vingroup – envisioned to drive the movement of global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90% automation in Hai Phong, Vietnam.

Strongly committed to the mission for a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: .