BEIJING, CHINA – Media OutReach Newswire – 28 August 2025 – A joint event marking the 80th anniversary of the Allied victory in World War II will be held at the USS Hornet Sea, Air & Space Museum on August 30, highlighting the shared experiences of U.S. and Chinese forces during the conflict.

Under the theme of “Remembering History, Cherishing Peace, Honoring Heroes, and Building the Future,” the event will bring together Chinese and American guests, including scholars and descendants of commanders who served in the China-Burma-India Theater.

Members of U.S. Gen. Joseph Stilwell’s family are expected to attend, including his grandson John Easterbrook and great-granddaughters Nancy Millward and Susan Cole. Stilwell, who led American forces in the region, is remembered as a key figure in U.S.-China wartime cooperation.

Stilwell’s name is most closely associated with the Stilwell Road, a strategic supply route built during World War II to connect the northeastern Indian town of Ledo with Yunnan’s provincial capital, Kunming, via Tengchong. Spanning 1,726 kilometers, the route transported more than 50,000 tons of supplies to Chinese battlefields.

Construction of the highway began in 1942, involving American army engineers, as well as Chinese, Indian, and Burmese workers who faced challenging conditions of jungle, swamps, and mountains. While U.S. bulldozers were airdropped into remote areas, much of the work relied on manual labor. The dangers and difficulties encountered along the way gave the route the nickname “A Man a Mile Road.”

Completed in early 1945, the road played a vital role in sustaining Chinese forces until Japan’s surrender later that year. Today, portions of the route have been rebuilt into modern highways, facilitating trade between China and neighboring countries.

The August 30 event will look back at this history while also emphasizing the importance of future cooperation. Organizers said the commemoration is intended to honor those who contributed to the war effort and to remind younger generations of the value of peace and international partnership.

For the Stilwell family, the event reflects both personal and historical ties. “The friendship forged during those years continues to be remembered,” one organizer said, noting that Stilwell’s descendants see the commemoration as both a remembrance and a reaffirmation of connections built eight decades ago.

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HONG KONG SAR – Media OutReach Newswire – 28 August 2025 – Cushman & Wakefield, a leading global real estate services firm, today released its annual Greater China Top Office Supply/Demand Trends report. According to the report, at the end of Q2 2025, the total Grade A office inventory in the core markets of the 20 major cities in Greater China we track totaled 72.1 million sq m. In the meantime, total premium core city office net absorption across the Greater China market for the H1 2025 period reached 0.76 million, a 5.5% y-o-y increase.

Of the six major cities in the region — comprising the tier-1 city group, Hong Kong, and Taipei — Taipei registered the lowest vacancy rate at 7.9%. As for the tier-2 city group, Qingdao recorded the lowest vacancy rate at 24.7%.

The supply/demand rundown for 20 city core area-level markets in Greater China (Q2 2025)
Source: Cushman & Wakefield Research

Shaun Brodie, Head of Research Content, Greater China, Cushman & Wakefield said, “For tenants, the Grade A office market continues to present opportunities, with vacancy rates and rental levels remaining favorable. With landlords adopting a more flexible approach amid the gradual economic recovery, occupiers can continue to benefit from attractive leasing terms and greater choice in the market.”

Jonathan Wei, President, Project and Occupier Services, China, Cushman & Wakefield, commented: “In the next two or three years, there will be a peak in supply in most of the major cities in the Chinese mainland region. Landlords will need to continue to strengthen their market competitiveness to attract tenants.”

Beijing

New Grade A office supply in Beijing in 2024 reached 273,000 sq m, a 55% decrease compared with the full-year 2023, making it the lowest new supply level of the past decade. No new supply entered the Beijing office market in H1 2025, with total Grade A office stock unchanged at 13.68 million sq m for the first half of 2025.

From 2024 to H1 2025, softening rental levels, large leasing deals, and pre-leasing at new entrants boosted citywide net absorption to surpass the previous period performance, reaching 511,967 sq m, up 51.9% y-o-y. The overall office market vacancy rate trended down 1.8 percentage points from the Q4 2023 level to 16.87%.

No new supply is scheduled to enter the Grade A office market in H2 2025. We expect the market to continue to digest existing stock, in turn further pulling down the overall vacancy rate. Landlords’ room for rent concessions is approaching a limit, and the overall market is now in a bottoming-out phase. We expect overall office rents to stabilize by the end of 2025.

Shanghai

From 2024 to H1 2025, approximately 1.34 million sq m of high-quality office space launched in the Shanghai Grade A office market, with 56% of the area located in emerging districts.

Over the past six quarters, the Shanghai Grade A office market recorded average quarterly net absorption of 132,266 sq m. The professional services, retail & trade, and TMT sectors were active in leasing, accounting for the top three sectors for leased area. As at Q2 2025, the vacancy rate rose to 23.6%. In turn, the average monthly rental level fell 8.2% y-o-y to RMB 212.6 per sq m.

From H2 2025 to 2027, Shanghai will see 2.58 million sq m of new supply enter the market, representing 14.6% of current stock, with emerging business districts becoming the main supply hubs. Additionally, favorable policy measures for both demand and supply are being implemented, accelerating innovation in strategic emerging industry fields such as integrated circuits, biomedicine, and AI, optimizing spatial layouts, and injecting new momentum into the office market.

Shenzhen

Shenzhen’s Grade A office market welcomed 516,000 sq m of new supply from Q1 2024 through to Q2 2025, bringing citywide total stock to 8.60 million sq m. The new supply was distributed in Qianhai, Luohu and Futian.

Citywide net absorption for 2024 contracted 57.9% y-o-y to record 165,000 sq m. Citywide net absorption in H1 2025 expanded y-o-y but remained at the similarly low level for the same period in the past decade. The citywide overall vacancy rate has risen 1.7 percentage points since the end of 2023 to reach 27.8%. The Q2 2025 monthly average rental level dropped 14.1% from Q4 2023 to record RMB160.1 sq m.

Approximately 1.2 million sq m of new supply is scheduled to enter the market in the H2 2025 period. The overall vacancy rate is expected to continue to rise, and rents will face downwards pressure in the short- term. With the ongoing development of AI, we anticipate that the Grade A office market will see incremental demand growth driven by the further emergence of high-quality technology sector firms.

Guangzhou

From the beginning of 2024 to the second quarter of 2025, new office projects totaling 441,713 sq m of space were completed. Citywide total stock then expanded to 6.94 million sq m. Delayed deliveries have reduced supply in 2024 compared to 2023, although accelerated construction in the Financial City district led to a resurgence of supply in the first half of 2025.

Compared to the end of 2023, the market has experienced a rise in lease inquiries. Occupiers continue to view renovation and fit-out expense incentives as key factors when looking to sign a new lease. Domestic enterprises remain the key drivers of transaction activity, with TMT, professional services, and finance firms, the top three sectors for leased area citywide.

Ahead, 2.39 million sq m of new space is expected to enter the market by 2027. Headquarter-type properties will account for more than half of the new supply. Market demand continues to evolve, with vacancy rates and rental levels remaining under pressure amid fierce competition.

Chengdu

From 2024 through to H1 2025, Chengdu saw 287,554 sq m of new Grade A office space enter the market, expanding citywide total stock to 3.38 million sq m.

Grade A office net absorption reached 67,468 sq m for the 2024 to H1 2025 period. The TMT, professional services, and finance sectors accounted for 26.4%, 19.6% and 16.8% of total leasing transaction volume by area, respectively. From the end of 2023, new supply combined with weakening leasing demand have now pushed up the citywide vacancy rate by 4.4 percentage points to reach 28.8%, while the average monthly rental level has dropped to RMB89.5 per sq m.

Nearly 1.0 million sq m of new supply is expected to enter the market from H2 2025 to 2027. The supply influx, combined with tenants’ cost reductions, is expected to elevate vacancy and exert downwards pressure on rents. Tenants are likely to seize further opportunities for upgrades, renewals, and consolidation.

Hong Kong

More than 194,000 sq m of new supply entered the market from 2024 through to H1 2025, with 44,900 sq m in H1 2025, distributed approximately equally in core and non-core areas. We forecast upcoming new supply to reach 264,300 sq m in H2 2025.

The average quarterly new leased area reached 84,900 sq m in the 2024 to H1 2025 period, 19% higher than the quarterly average for 2020–2023, with the finance sector primarily driving demand. Net absorption recorded 122,000 sq m for the 2024 to H1 2025 period, excluding pre-lease activities at new project developments.

The recovery of the Hong Kong IPO market should help support market sentiment and downstream office demand, particularly from finance and professional services firms. However, the high availability and ample new supply pipeline, with occupiers still cost-conscious, dictates our forecast for overall office rents to drop by 7% to 9% through the full-year 2025.

Taipei

From 2024 through to the first half of 2025, the Taipei market welcomed seven new Grade A office properties contributing approximately 195,700 sq m of new supply — double the figure seen in 2023. This brought the city’s total Grade A stock to 2.80 million sq m.

Net absorption for 2024 to H1 2025 reached approximately 161,400 sq m, primarily driven by the consolidation and relocation of self-use headquarters in the financial and insurance sectors. Multinational corporations accounted for around 80.9% of total leasing demand, up from 51.6% in 2023, indicating a higher proportion of foreign occupier activity during the period.

Over the next three years, Taipei will add around 968,000 sq m of new Grade A supply. With major completions slated from mid-2025, competition will intensify. In response, some landlords are upgrading facilities and offering flexible lease terms, while developers may adjust timelines based on absorption trends.

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About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china).

HANOI, VIETNAM – Media OutReach Newswire – 28 August 2025 – VinFast has officially handed over a special fleet of Lạc Hồng 900 LX vehicles, built to serve international heads of state, to Vietnam’s Ministry of Foreign Affairs at the celebration of the 80th anniversary of Vietnam’s National Day (September 2, 1945 – September 2, 2025).

The Lạc Hồng 900 LX is a limited-edition flagship model that embodies Vietnam’s cultural heritage and national pride, symbolizing the “Fierce Vietnamese Spirit.” The vehicle is offered in two variants, including an armored edition certified to the VPAM VR7 standard – the world’s most stringent protection levels for state leaders’ vehicles.

Inspired by the Vietnamese legend of the “Descendants of the Dragon and Fairy” (Con Lạc cháu Hồng), the Lạc Hồng 900 LX reflects the capability, intelligence, and aspirations of the Vietnamese people in the new era. Every design detail blends cultural legacy with global standards.

Both variants, Standard and Armored, feature a commanding and luxury presence with a 3,349 mm wheelbase and exterior details celebrating Vietnam’s heritage: a gold-plated logo shaped like the mythical Lạc bird, a grille reminiscent of Đông Sơn bronze drums, and parallel grille bars symbolizing Vietnam’s iconic bamboo groves.

The cabin is crafted with premium materials such as Golden Nanmu wood, Nappa leather, and genuine gold detailing. Every gold-plated element inside and outside the vehicle is handcrafted with meticulous precision. The interior offers world-class comfort with extra-wide executive seating, premium footrests, a soundproof glass partition, electric curtains, and an advanced intercom system between the front and rear cabins.

The Armored Edition is developed in partnership with INKAS Armored Vehicle Manufacturing (Canada), a leading global name in armored car, features reinforced and fully-armored bodywork, bullet-resistant glass, and an armored rear partition. The vehicle underwent rigorous testing at Beschussamt Ulm (Germany), enduring 440 live rounds and 11 explosive blasts from beneath and above the vehicle. Certified to VPAM VR7, it can withstand NATO Ball M80 rifle ammunition and DM51 grenades.

Additional safety and emergency features include run-flat tires capable of driving 80-100 km after puncture, optional onboard oxygen supply, integrated fire suppression system, satellite phone, warning lights, and sirens, etc… depending on mission requirements.

The first fleet of Lạc Hồng 900 LX delivered to Vietnam’s Ministry of Foreign Affairs includes two Armored units and ten Standard units, affirming the vehicles’ quality, safety, and craftsmanship at the highest international level.

Mr. Nguyễn Việt Quang, Vice Chairman and CEO of Vingroup, stated: “After eight years in the automotive industry, VinFast is proud to have become a pioneering brand that brings Vietnamese excellence, intelligence, and technology to the world, earning the trust and recognition of customers in many countries. With the launch of the Lạc Hồng 900 LX, we reaffirm our role as a national brand that elevates Vietnam’s position on the global stage. Through this model, we hope the world will see a modern and developed Vietnam that has had a remarkable journey during the past 80 years.”

The debut of this special vehicle line, rich in national identity, at the historic celebration of the 80th anniversary of Vietnam’s National Day, is a powerful declaration of Vietnamese spirit, intelligence, and class. Every movement of the Lac Hong 900 LX serves not only as proof of the country’s industrial and technological achievements after 80 years of independence, but also as a national symbol, helping to shape a new position for Vietnam on the international stage./.

Experience the Lạc Hồng 900 LX: The Lạc Hồng 900 LX will be on display at the exhibition “80 Years of Independence – Freedom – Happiness” from August 28 to September 5, 2025 at the National Exhibition Fair Center (Đông Anh, Hanoi). Visitors can view the tested Armored Edition at Vingroup’s outdoor pavilion (West Square) and the Standard Edition at the indoor exhibition hall H3, Kim Quy Pavilion.

https://vinfastauto.com/vn_en
Hashtag: #VinFast

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