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Forvis Mazars celebrates new network formation in APAC, announces strong growth in Singapore

Global leaders converge in Singapore to mark new era of growth and collaboration


SINGAPORE – Media OutReach Newswire – 25 November 2024 – Forvis Mazars, the global professional services network, celebrated the new network formation in Asia-Pacific (APAC) on 30 October 2024 in Singapore. The event brought together key global and regional leaders, including Hérve Hélias, Chair of the Forvis Mazars Global Network Executive Board, and Matt Snow, Vice-Chair, to Singapore for the first time since the network’s formation in June 2024. Pascal Jauffret, Head of Forvis Mazars in APAC and member of the Forvis Mazars Group Executive Board, and Tom Watson, Chief Executive Officer of Forvis Mazars in the United States, were also in attendance. This gathering symbolised the strength of this unique partnership, highlighting the network’s dedication to providing clients with a truly global reach combined with deep local expertise.

Celebrating the launch of our new brand in APAC with our global leaders! (From left to right) Rick Chan, Managing Partner, Forvis Mazars in Singapore and Head of Audit & Assurance APAC; Hérve Hélias, Chair, Forvis Mazars Global Network Executive Board; Pascal Jauffret, Head of Forvis Mazars in APAC and member of the Forvis Mazars Group Executive Board; Matt Snow, Vice-Chair, Forvis Mazars Global Network Executive Board; and Tom Watson, Chief Executive Officer, Forvis Mazars in the United States.
Celebrating the launch of our new brand in APAC with our global leaders! (From left to right) Rick Chan, Managing Partner, Forvis Mazars in Singapore and Head of Audit & Assurance APAC; Hérve Hélias, Chair, Forvis Mazars Global Network Executive Board; Pascal Jauffret, Head of Forvis Mazars in APAC and member of the Forvis Mazars Group Executive Board; Matt Snow, Vice-Chair, Forvis Mazars Global Network Executive Board; and Tom Watson, Chief Executive Officer, Forvis Mazars in the United States.

Singapore serves as the regional hub for Forvis Mazars’ APAC operations, leveraging the city-state’s strengths as a global business and financial centre. This strategic decision provides Forvis Mazars with a strong foundation to serve clients across the diverse and dynamic APAC market.

Sustained double-digit growth in Singapore
Forvis Mazars in Singapore reported yet another year of robust financial results for the fiscal year ending 30 August 2024, marking the fourth consecutive year of double-digit growth. The firm achieved a fee income of S$43 million, representing a 17% increase year-on-year. This consistent growth trajectory underscores the firm’s strong market position, expanding service offerings, and the success of its client-centric approach.

Expanded service offerings and expertise
Recognising the evolving needs of businesses in the region, Forvis Mazars in Singapore has proactively expanded its service offerings. Since 2023, the firm has added restructuring and insolvency services and financial services consulting to its portfolio, allowing it to provide more comprehensive solutions to clients facing complex challenges. Building on this momentum, the firm is poised to further expand its capabilities with the addition of forensic investigation and compliance services in the near future.

Forvis Mazars in Singapore stands out as one of only two firms, apart from the Big 4, authorised by the Monetary Authority of Singapore (MAS) to provide audit services to the financial services industry. This recognition underscores the firm’s deep expertise and unwavering commitment to delivering high-quality services in this specialised and regulated sector.

“We are thrilled to report continued strong growth in Singapore, which is a testament to the dedication of our team and the trust our clients placed in us,” commented Rick Chan, Managing Partner, Forvis Mazars in Singapore and Head of Audit and Assurance, Forvis Mazars in APAC. “This sustained success, coupled with the strength of the Forvis Mazars network and our enhanced position as the regional hub, positions us for even greater achievements in the years to come.”

Investing in people and culture
This success also reflects Forvis Mazars’ commitment to investing in its people and fostering a positive and supportive work environment. This commitment is exemplified by the firm’s dedication to talent development and its continuously evolving human resources policies and practices to resonate with its multi-generational workforce. Forvis Mazars invests in holistic programmes that support employees’ well-being, growth, and development. These programmes include initiatives that foster work-life integration, such as flexible work arrangements, mental health resources, and other initiatives promoting a healthy balance.

Beyond these programmes, Forvis Mazars cultivates a workplace culture that values open communication and collaboration—nurturing a culture of open communication and breaking down traditional hierarchies to build trust and encourage cross-level collaboration. This approach has led to increased employee engagement and more informed decision-making. The firm aims to create an inclusive and empowering environment where every individual feels valued and can thrive.

This dedication to employee well-being and development has been recognised for the eighth consecutive year by HR Asia, which named Forvis Mazars in Singapore as one of the Best Companies to Work for in Asia. This award highlights the firm’s commitment to creating a workplace where employees feel valued, respected, and empowered to reach their full potential.

“We believe in building our people while building our clients,” said Rick. “We are dedicated to providing them with the tools, resources, and opportunities they need to thrive personally and professionally. This commitment is essential to our continued success and our ability to deliver exceptional service to our clients.”
Hashtag: #ForvisMazars #HRAsiaAwards #BestCompaniesToWorkforinAsia #RegionalHub #BuildforABoldFuture #ForvisMazarsSingapore #BrandLaunch



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

About Forvis Mazars

Forvis Mazars is a leading global professional services network. The network operates under a single brand worldwide, with just two members: Forvis Mazars, LLP in the United States and Forvis Mazars Group SC, an internationally integrated partnership operating in over 100 countries and territories. Both member firms share a commitment to providing unmatched client experience and delivering audit & assurance, tax, advisory, and consulting services around the world. Together, our strategic vision strives to move our clients, people, industry, and communities forward.

Forvis Mazars is the brand name for the Forvis Mazars Global network (Forvis Mazars Global Limited) and its two independent members: Forvis Mazars, LLP in the United States and Forvis Mazars Group SC. Forvis Mazars Global Limited is a UK private company limited by guarantee and does not provide any services to clients.

About Forvis Mazars in Singapore

Forvis Mazars Group SC is an independent member of Forvis Mazars Global, a leading professional services network. Operating as an internationally integrated partnership in over 100 countries and territories, Forvis Mazars Group specialises in audit, tax, and advisory services. The partnership draws on the expertise and cultural understanding of over 35,000 professionals across the globe to assist clients of all sizes at every stage in their development. Forvis Mazars in Singapore is part of the Forvis Mazars Group. Our clientele benefits from the combined expertise of 400+ Singapore-based professionals and our international team.

Dr. Nalinee Paiboon of Giffarine Receives Outstanding Leader Recognition at ACES Awards 2024


BANGKOK, THAILAND – Media OutReach Newswire – 25 November 2024 – Dr. Nalinee Paiboon, President of Giffarine Skyline Unity Co., Ltd. (“Giffarine”), has been recognised as an Outstanding Leader in Asia at the prestigious Asia Corporate Excellence & Sustainability (ACES) Awards 2024, organised by MORS Group. This honour highlights Dr. Paiboon’s exceptional leadership and her significant contributions to fostering innovation and sustainable practices in the health and beauty sector.

Dr. Nalinee Paiboon, President of GIFFARINE Skyline Unity Co., Ltd, proudly accepts the Outstanding Leaders in Asia award at the prestigious ACES Awards 2024. The award was presented by Dr. Shanggari Balakrishnan, President of the ACES Awards (left), and Hemant Batra, Chairman of the ACES Council (right), honouring her exceptional leadership and transformative contributions to the industry.
Dr. Nalinee Paiboon, President of GIFFARINE Skyline Unity Co., Ltd, proudly accepts the Outstanding Leaders in Asia award at the prestigious ACES Awards 2024. The award was presented by Dr. Shanggari Balakrishnan, President of the ACES Awards (left), and Hemant Batra, Chairman of the ACES Council (right), honouring her exceptional leadership and transformative contributions to the industry.

Dr. Paiboon founded Giffarine in 1996 with the ambition to create a direct selling business that not only provided high-quality health and beauty products but also empowered individuals to embark on entrepreneurial journeys. Her strategic foresight and unwavering commitment to quality have established Giffarine as a leading player in Thailand’s direct selling industry, securing a significant market share and a reputation for excellence.

Her leadership journey has not been without challenges. In Giffarine’s first year, Dr. Paiboon made the bold decision to invest in a dedicated manufacturing facility, which, while pivotal for maintaining product quality, led to financial liquidity issues. Demonstrating remarkable resilience, she navigated the company through these tumultuous times, laying a solid foundation for future growth.

Dr. Paiboon’s ability to inspire those around her has been fundamental to Giffarine’s success. During the severe flooding in 2011, which impacted Giffarine’s factory and threatened the livelihoods of employees, her decisive actions underscored her commitment to both the company’s well-being and the safety of her team.

A pioneer in embracing change, Dr. Paiboon led Giffarine’s digital transformation in 2009, making it the first multi-level marketing (MLM) company in Thailand to integrate e-commerce and social commerce into its business model. This strategic move has enabled Giffarine to expand its reach and adapt to evolving consumer behaviours, solidifying its position at the forefront of the industry.

Beyond business achievements, Dr. Paiboon’s dedication to corporate social responsibility is noteworthy. Under her leadership, Giffarine has initiated impactful programmes, including the Mongkol-Piya-Supankanlaya Fund, which has provided over 38 million baht in scholarships to orphans and contributions to the Thai Elephant Preservation Project, reflecting her commitment to preserving Thailand’s natural heritage.

Dr. Paiboon’s hands-on leadership style ensures the highest standards of quality across Giffarine’s operations. The company’s modern manufacturing facility adheres to international standards and has a production capacity of 20 million products per month, supporting both domestic and export markets in over 38 countries.

A respected figure in the business community, Dr. Paiboon has held leadership roles including President of the Thailand Direct Selling Association and board positions with prominent organisations such as Kasikornbank. Her contributions have earned her numerous accolades, including the Leading Women Entrepreneur of the World award in 2007.

Dr. Paiboon’s commitment to ethical governance and sustainability has fostered a corporate culture at Giffarine that prioritises integrity and transparency. Under her stewardship, Giffarine has maintained high liquidity and profitability without bank debt, demonstrating prudent financial management and resilience.

As Giffarine approaches its third decade in business, Dr. Paiboon remains steadfast in her mission to drive growth while adhering to the founding values of the company. Her journey is a testament to the power of visionary leadership, inspiring others to overcome challenges and create a lasting impact.

The ACES Awards enhance the visibility of outstanding leaders like Dr. Paiboon by showcasing Asia’s business aspirations and success stories on the global stage through knowledge sharing and recognition. The ACES Council praises, “Dr. Nalinee Paiboon’s ability to turn challenges into opportunities is a testament to her unwavering commitment and strategic acumen.” This strong third-party endorsement of trustworthiness and excellence empowers award winners to accelerate revenue growth and profitability while highlighting the remarkable legacies that visionary leaders have cultivated over the years.

Hashtag: #giffarine #ACESAwards2024 #Leadership #CorporateExcellence

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

About Giffarine Skyline Unity Co., Ltd.

Founded in 1996, Giffarine Skyline Unity Co., Ltd. is a leading direct selling company in Thailand specialising in health and beauty products. Committed to quality, innovation, and social responsibility, Giffarine aims to empower individuals through entrepreneurship while making a positive impact on the community.

Assure Medical Imaging Commemorates Grand Opening Ceremony

Providing High-end Imaging Services: Establishing a New Benchmark for Personalized Medical Imaging Services


HONG KONG SAR – Media OutReach Newswire – 23 November 2024 – Assure Medical Limited (“Assure Medical” or the “Company”) is delighted to announce the Grand Opening of Assure Medical Imaging. The imaging centre located on the entire 2nd floor of 21 Ashley Road in Tsim Sha Tsui. The opening ceremony was graced by esteemed guests, including Mr. Pang Tak-chung, Chairman of Golik Holdings Limited, Dr. Ko Wing-man, member of the Executive Council, and Dr. David Lam Tzit-yuen, Legislative Council member representing the medical and health services, who participated in the ribbon-cutting ceremony.

Leveraging on the cutting-edge medical imaging technology, Assure Medical Imaging provides accurate diagnoses and assists treatment plans for a variety of medical conditions, establishing new benchmarks for medical imaging services and striving to be one of the leaders in the industry.

Conveniently located at the heart of Tsim Sha Tsui, Assure Medical Imaging is in close proximity to various medical clinics and healthcare centres. With a team of highly experienced and qualified medical professionals, equipping with high-end PET/CT, MRI, and CT scan, we strive to provide our clients with accurate and thorough diagnostic information, such that they can promptly proceed effective treatment planning for a variety of medical conditions, including cancer, heart disease, neurological disorders, and more.

Dr. Lok Chiu-ming, CEO of Assure Medical Limited and Director of Assure Medical Imaging, said at the ceremony, “we are committed to providing top-tier medical imaging services. At Assure Medical Imaging, we offer tailored diagnostic services in a comfortable environment, complemented by state-of-the-art medical imaging facilities. We aim to satisfy the unique needs of each patient, accompanying them on their personal health journey. ”

Hashtag: #AssureMedicalImaging

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

About Assure Medical Imaging

Assure Medical Imaging aims to establish a unique and exclusive medical imaging facility that provides mainly high-end PET/CT, MRI, and CT scan diagnostic services to discerning clients. The medical imaging centre also includes Mammography, Ultrasound, X-rays, and DEXA scan. Featuring state-of-the-art imaging equipment, comfortable environment and personalized patient’s service, it provides customized diagnostic services tailored to the unique needs of each patient.

Our goal is to provide an unparalleled experience that exceeds the expectations of the patients, and delivers exceptional value to their overall health and wellbeing. We are committed to delivering the highest standards of service quality, privacy, and exclusively to the clients, and establishing a new benchmark for unique personalized medical imaging services.

Two Danish Tourists, One American Dead in Vang Vieng from Methanol Poisoning, Official Report Says

Nana Backpackers Hostel in Vang Vieng. (Photo: Booking.com)

The Lao government confirmed the deaths from methanol poisoning of two Danish tourists and one American national in Vang Vieng.

The Danish victims have been identified as Anne-Sofie Orkild Coyman, 20, and Freja Vennervald Sorensen, 21. The pair entered Laos on 7 November via the Nam Phao International Border Crossing and stayed at the Nana Backpacker Guesthouse in Vang Vieng District. 

According to government reports, Anne-Sofie and Freja, visited local bars on 12 November and returned to the hostel around midnight. The following day, both women were found unconscious in their room at around 6:00 PM. 

They were transported to Vang Vieng Hospital in critical condition before being transferred to Hospital 103 in Vientiane. Despite medical efforts, both were pronounced dead at 3:30 PM on 13 November, with the consumption of tainted alcoholic beverages cited as suspected cause of the death.  

The third victim, Jame Louis Hutson, an American national aged 57, had been staying at the same guesthouse since 20 October. Hutson was discovered unresponsive in his room on 13 November by a staff member.

According to the guesthouse staff, his room contained four empty beer bottles, two empty vodka bottles, and one unopened vodka bottle. Hutson was declared dead upon arrival at Vang Vieng Hospital, but an autopsy has not yet been performed. 

Australian news outlet 9 News has reported that 12 other foreign tourists staying in Vang Vieng have been hospitalized. Tests allegedly found methanol contamination in beverages served at the Nana Backpacker Guesthouse, including beer and spirits.

The Danish and American embassies are working to repatriate the victims’ bodies. 

Unofficial reports suggest two additional fatalities may be linked to the same incident, though authorities have yet to confirm these claims. 

Investigations are ongoing. A special task force has been assigned to the case, while the embassies of Denmark, Australia, UK, and the US have refrained from providing additional information. 

VinFast officially delivers VF 5 electric cars in Indonesia


JAKARTA, INDONESIA – Media OutReach Newswire – 22 November 2024 – VinFast Auto has officially launched the delivery of its electric VF 5, at the Gaikindo Jakarta Auto Week, held from November 22 to December 1, 2024. This is the second electric car model VinFast has delivered in Indonesia, reinforcing its mission to make electric vehicles accessible for all and contributing to the green transportation revolution in Indonesia and throughout the region.

Indonesian customers take delivery of the VF 5 during the Gaikindo Jakarta Auto Week 2024 event.
Indonesian customers take delivery of the VF 5 during the Gaikindo Jakarta Auto Week 2024 event.

In just nine months since entering the Indonesian market, VinFast has delivered two electric car models in two of the most popular segments: the VF 5 (A-segment) and the VF e34 (C-segment).

The VF 5 has become one of VinFast’s best-selling models in 2024, significantly contributing to the company’s top market share in Vietnam. Building on this success, VinFast seeks to establish the VF 5 as a key model in Indonesia as it continues to penetrate the market through three core pillars: premium-quality vehicles, inclusive pricing, and exceptional after-sales policies.

The A-segment model combines a robust, compact design with superior safety features compared to gasoline cars in the same segment, making it an ideal choice for urban drivers. It targets Indonesian consumers interested in the green transportation movement, especially in the Jakarta metropolitan area.

The VF 5 is currently available in Indonesia with a promotional on-the-road price in Jakarta of 286,450,000 IDR (with battery purchase) and 218,250,000 IDR (with battery subscription). VinFast offers flexible purchasing options: customers can buy the VF 5 with the battery included or opt for a battery subscription plan starting at just 990.000 IDR per month. Additionally, customers choosing installment plans will benefit from 0% interest, no administrative fees, and no service charges for the first year.

To alleviate potential concerns about transitioning to electric vehicles in Indonesia, VinFast has introduced an attractive resale value guarantee. Vehicles that have been used for 6 months will retain up to 90% of their original value, after one year, 86%, after two years, 78%, and after three years, 70%.

Furthermore, in Indonesia, the VF 5 comes with the market-leading warranty: seven years or 160,000 kilometers (whichever comes first) for the vehicle and eight years with no distance traveled limit for the battery.

Nguyen Thuy Linh, CEO of VinFast Indonesia, shared: “By delivering the first VF 5 cars at Gaikindo Jakarta Auto Week, we are proud to provide Indonesian consumers with more exciting, reliable and smart EV options. By introducing our dynamic urban vehicles, VinFast is committed to accompanying Indonesian customers in the green transportation revolution and contributing to building a better and more sustainable future for everyone.”

VinFast’s booth at Gaikindo Jakarta Auto Week will be open to visitors from November 22 to December 1, 2024. The VF 5 delivery ceremony is scheduled for November 22. Starting from November 24, attendees can also test drive the VF 5 and VF e34 to experience these smart and modern electric vehicles, tailored for urban lifestyles.

Hashtag: #vinfast

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

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at:

AlphaX Makes Crypto Easier with Email Login and USDT Memecoins

SYDNEY, AUSTRALIA – Media OutReach Newswire – 22 November 2024 – The global cryptocurrency market is growing, with nearly 600 million participants and a market cap of $3.2 trillion, reflecting a 121.1% increase over the past year. However, newcomers face challenges such as complex registration, KYC processes, and the need to understand concepts like wallets, gas fees, and cross-chain transactions, making it difficult for many to fully access wealth opportunities.

To lower entry barriers, AlphaX.com introduced email login in September, allowing easy registration and login without complex KYC, password management, or private key storage. At the end of November, AlphaX will launch a new feature enabling users to buy popular meme tokens directly with USDT, helping them seize investment opportunities quickly.

Email Login Feature
Email login is the preferred choice for the vast majority of cryptocurrency users because it aligns with their everyday trading habits. Unlike wallet-based logins, which require a complicated wallet creation process and a deeper understanding of Web3 concepts, email login eliminates these hurdles, making it much easier for new users to get started. Many beginners are discouraged by the complexities of creating a wallet, backing up recovery phrases, and managing private keys.

At AlphaX, new users can simply register with their familiar email address and quickly gain access to the platform, enabling them to start trading cryptocurrencies with ease. This streamlined registration process significantly lowers the entry barrier and makes the platform more accessible, allowing users to dive into crypto trading without unnecessary delays.

AlphaX’s email login is further enhanced with two key security features: Privy and 2FA (Two-Factor Authentication). Privy offers a secure email-based login experience, allowing users to verify their identity seamlessly without the need for passwords or private keys. This simplifies the login process while ensuring high-level protection for user accounts. Additionally, 2FA provides an extra layer of security by requiring users to verify their identity through a second factor, such as Google Authenticator. This added protection safeguards accounts from unauthorized access, giving users peace of mind and enhancing the overall security of their transactions.

USDT Buys All Memes
In recent months, memecoins have surged in popularity, becoming one of the most talked-about investment trends in the current bull market. The excitement around memecoins is driven not only by their humor and entertainment value but also by their potential for mass adoption. However, despite their massive reach and market appeal, traditional buying channels often create obstacles for users trying to participate. Complex processes such as wallet creation, private key management, and on-chain transactions pose significant barriers, especially for cryptocurrency newcomers.

To address these challenges, Alphax will launch a groundbreaking on-chain memecoin buying feature this month. This new functionality simplifies the entire process—from registration to discovery, search, and trading—enabling any user with USDT to directly purchase early-stage memecoins and seize investment opportunities before they hit major exchanges.

This feature is part of AlphaX’s “Memeshot” project, which focuses on maximizing meme trading and gaming profitability. The project introduces four key capabilities that make trading memecoins faster, easier, and more accessible than ever:

Zero Barrier to Entry Trade with USDT, no KYC, no gas fees, and easy email login—making it incredibly simple for users to get started.

Max Memes Wealth Potential Access the hottest and most complete memes, tech-powered with a 2-minute listing rotation that ensures only the most promising tokens are available.

Fast On-chain Memes Futures Listing A dedicated listing channel for on-chain memecoins, enabling faster listings compared to traditional centralized exchanges (CEXs).

Same Trading Experience as Top CEXs Enjoy seamless trading with K-line charts, instant execution, and PNL tracking, all available on both the app and web platform.

Hashtag: #dex #meme #sol #alphax





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

AlphaX

AlphaX is transforming how users access the crypto market. By removing barriers like complex wallet setups, private key management, and high transaction fees, AlphaX makes it easier than ever to trade and invest in the latest crypto trends. Whether you’re an experienced trader or new to crypto, AlphaX offers a seamless, secure, and user-friendly platform that empowers everyone to capitalize on the growing memecoin market.

Vincom Retail: A Catalyst Driving Vietnam’s Retail Future


HANOI, VIETNAM – Media OutReach Newswire – 22 November 2024 – By capitalizing on its first-mover advantage, Vincom Retail has had a profound impact on Vietnamese leisure culture. Over the past two decades, the company has demonstrated significant growth through a tripartite strategy: expanding its footprint, diversifying its retail real estate formats to cater to a wide range of consumer needs, and continuously pioneering to stay ahead. This approach positions Vincom Retail as a key player in Vietnam’s retail real estate industry and sets the stage for long-term development.

Vincom Ba Trieu

Vincom Ba Trieu

Vietnam’s economy is poised for strong growth in the coming years, with The World Bank projecting a 6.1% growth in 2024 and 6.5% in both 2025 and 2026, driven by a combination of robust expansion in export, domestic manufacturing, and the recovery in tourism.

With strong core economic fundamentals, Vietnam is attracting significant foreign direct investment and a growing expat community, fueling the rise of a burgeoning middle class with increasing purchasing power. This favorable economic climate has created ample opportunities for shopping mall operators like Vincom Retail that can cater to the middle class’s growing demand for high-quality retail experiences.

Leveraging expertise and resources cultivated over the years, Vincom Retail has been rapidly expanding its operations, pioneering retail real estate formats and redefining customer experiences. With the company’s unwavering commitment to meeting the diverse needs of consumers across all segments, Vincom Retail is positioned for continued growth and resilience in an ever-evolving market.

Vincom Retail: Rapid Expansion Marked Significant Milestones

Over the past two decades, Vincom Retail has emerged as a dominant force in Vietnam’s retail landscape, reshaping how the country’s households, youth, and middle class spend their leisure time and money.

Back in 2004, at the heart of Vietnam’s capital Hanoi, a groundbreaking project was taking shape on Ba Trieu street, a central business district in Hanoi. The 21-story mixed-use twin towers was a testament to Vietnam’s burgeoning ambition and a bold vision for the future. Designed and constructed entirely by Vietnamese engineers and workers, the project was completed in a record-breaking 18 months, showcasing the nation’s growing technical prowess.

The opening of Vincom Center Ba Trieu marked a pivotal moment in Hanoi’s transformation. More than just a retail center, it symbolized Hanoi’s modernization and catalyzed urban renewal, paving the way for rapid development. This pioneering spirit, exemplified by Vincom, set the stage for the retail revolution that would reshape the Vietnamese landscape.

Since the groundbreaking success of Vincom Center Ba Trieu, Vincom Retail has substantially expanded its footprint with 88 shopping malls across 48 provinces and cities nationwide, cumulatively reaching approximately 1.84 million square meters of retail GFA, solidifying the company’s position as the premier mall owner and operator in Vietnam. Coupled with an annual footfall of nearly 200 million, Vincom Retail demonstrates its ability to capitalize on the nation’s burgeoning market of nearly 100 million people.

Vincom Retail: A Multi-Tiered Approach to Retail Dominance

Vincom Retail’s two-decade journey has been marked not just by rapid expansion, but also by multi-tiered mall format strategy. To cater to a broader spectrum of consumers, from budget-minded shoppers to high-end clientele, the company has adopted a multi-tiered approach to its shopping mall formats. This strategy has enabled Vincom Retail to withstand economic downturns, solidify its market position, and seize emerging opportunities.

Vincom Retail’s portfolio encompasses a range of formats, including flagship Vincom Centers, large-scale Vincom Mega Malls, community-oriented Vincom Plazas, and commercial streets.

In Vietnam’s major urban centers like Hanoi and HCMC, Vincom Retail’s iconic shopping mall development, such as Vincom Center Ba Trieu and Vincom Center Dong Khoi, have emerged as cultural landmarks and tourist attractions. These retail destinations set trends, from the latest fashion to cutting-edge entertainment, shaping consumer behavior and preferences.

For major metropolitan areas, Vincom Retail has implemented a strategy of developing large-scale Vincom Mega Malls. These sprawling complexes, situated in rapidly growing urban centers, provide a comprehensive mix of residential, commercial, and retail offerings. By strategically locating these mega malls in key economic hubs, Vincom has created vibrant destinations that attract both local residents and tourists.

In addition, Vincom Retail has capitalized on the rapid growth of Vietnam’s middle-income population and urbanization rate by developing high-quality Vincom Plaza shopping malls across the major provinces of the country.

Beyond traditional mall format, Vincom Retail pioneers new retail real estate concept with the commercial streets like Venice, K-Town, and Little Hong Kong. These developments, inspired by international models like Clarke Quay and Taikoo Li Chengdu, serve as vibrant community hubs, connecting local residents and tourists to a diverse range of retail, dining, and entertainment offerings.

Vincom Retail: The Trusted Platform and Partner for International and Local Brands

Vincom Retail’s pioneering spirit is also reflected in its role as a gateway for major foreign brands to access the Vietnamese market. The company has emerged as a strategic partner for both international and domestic brands seeking to expand their footprint in this dynamic market. Vincom Retail’s unique value proposition, which includes prime locations, expansive spaces, and a significant market share, has made it an attractive destination for retailers of all sizes.

Renowned international brands such as Zara, H&M, and Uniqlo have chosen Vincom Center as the location for their first stores in Vietnam, recognizing its potential to reach a discerning consumer base.

Beyond international brands, Vincom Retail has also played a pivotal role in the expansion of domestic brands. By offering a nationwide network of shopping malls, the company has provided a platform for local businesses to scale their reach and operations. Poseidon, Tân Việt, Pantio, Highlands and many other popular domestic brands, have successfully leveraged Vincom Retail’s presence to develop a countrywide store network.

Vincom Retail has demonstrated its commitment and support to its tenants, especially during challenging periods. In response to the COVID-19 pandemic, the company provided substantial financial support, totaling VND 3,357 billion, to help tenants weather the storm. This proactive approach has strengthened the strong partnerships between Vincom Retail and its retail partners.

To further boost the success of its tenants, Vincom Retail regularly implements marketing and promotional campaigns to attract footfall. These initiatives, which often involve cross-promotions and loyalty programs, help drive tenants’ sales and enhance the overall shopping experience of the shoppers. By fostering a vibrant retail atmosphere, Vincom continues to attract new brands and customers alike.

Vincom Retail: Strong Foundation and Pioneering Spirit Propels Future Success

Following two decades of experiences in developing and pioneering retail real estate, Vincom is charting an ambitious course for the future growth, fueled by new mall openings and the adoption of innovative retail real estate concepts, while continually adapting to the evolving needs of Vietnamese customers.

A key focus for Vincom Retail in the coming years is the development of its Life-Design Mega Mall model. These next-generation mall will redefine the traditional shopping mall experience, offering a diverse range of retail, dining, entertainment, and lifestyle options. Vincom Retail has recently annouced plans to launch two new Life-Design Mega Malls in 2025, with more unique and ambitious Mega Mall projects on the horizon.

Continuing the pioneering journey, Vincom Retail plans to develop more commercial street complexes, each boasting a distinct concept. These vibrant destinations will offer a captivating mix of shopping, dining, entertainment, and cultural activities. Through creating unique and immersive shopping experiences, Vincom aims to further elevate the retail landscape and attract a wider customer base.

With a 20-year foundation in mall development and operation, Vincom Retail is well-positioned for future growth. By continuing to expand, diversify its retail offerings, and pioneer innovative retail real estate concepts, Vincom Retail aims to solidify the company’s leading position in the industry and lead the future of retail in Vietnam, capitalizing on the country’s robust economic trajectory.

Hashtag: #VincomRetail #Vingroup

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

How 5G Transforms Life: A Foreigner’s Journey Through East China’s Digital Revolution


HANGZHOU, CHINA – Media OutReach Newswire – 22 November 2024 – As the 2024 World Internet Conference Summit opened in Wuzhen, Zhejiang province on November 20, showcasing China’s latest achievements in artificial intelligence and digital technology, a foreigner who has called China home for 15 years witnessed firsthand how one particular technology – 5G – is revolutionizing everyday life in this eastern province.

PressReleaseTMPOMWmSa.jpg

Yegor Shyshov, who has lived through China’s digital transformation, found himself amazed by the practical applications of 5G technology beyond mere phone services. From smart manufacturing to autonomous vehicles and remote healthcare, his journey through Zhejiang province revealed how the technology showcased at Wuzhen is already improving lives in neighboring cities.

“These applications are not just exhibition pieces – they’re already changing how people work and live,” said Shyshov, as he toured various 5G-enabled facilities across the province.

In Zhejiang’s Yiwu city, blankets are being weaved in bulk by Truelove, one of China’s leading blanket makers, under the custody of 5G-empowered AI system.

“The inspection for broken threads used to be the toughest job,” Zhang Xiaomao, a chief engineer at Truelove’s smart manufacturing sector, told Shyshov. “In cooperation with China Mobile, we rolled out the 5G+AI visual quality monitoring system, after 18 months of testing.”

The system is able to monitor the threads while they are being weaved, Zhang said, adding that it could stop a warp knitting machine when a broken thread is detected, ensuring accurate quality control.

“There are 24 cameras installed on a warp knitting machine, in short, we have installed ‘electronic eyes’ on our machine, which can realize real-time monitoring of 8,000 threads,” he said.

Upon detection of broken threads, the system automatically halts production, reducing defects by 90% while processing 40 million images daily. The efficiency gains are remarkable: one worker can now manage 12 machines, triple the previous capacity of four.

While the 5G buildout brought revolution in industries, it can be better felt in people’s daily life, as phone service has long become a modern necessity. However, 5G is ready to make big changes in areas beyond that little plate of screen.

Some self-driving mini shuttle buses are currently on its trial operation around the Jinyi Lake in Jinyi New District, Jinhua city.

Shyshov went to take one of the buses — the 5.8-meter-long vehicle has eight passenger seats and can travel at a speed of 20 km/h. It is installed with five LIDAR (Light Detection And Ranging) and five cameras, which enable it to give way to pedestrians if detected, and bring itself to halt upon reaching designated stops.

While the vehicle drives itself, a safety staff sits at the driver’s cab to ensure safe operations. These vehicles are currently on trial service for now, providing transport between seven stops along a 6.5-kilometer-long loop within a limited area.

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