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From the Ground Up: How Vinhomes Is Building Cities to Global Smart-City Standards
Through landmark partnerships with global certification bodies, the company is seeking to demonstrate that future cities can be designed not only to be greener and smarter, but also to perform against internationally benchmarked metrics.
When Data Becomes the New Currency of Cities
In the global competition for capital, talent and innovation, cities are increasingly judged by their ability to generate measurable outcomes. Investors today want evidence that infrastructure is resilient, mobility is efficient, governance is transparent and environmental commitments translate into long-term economic value.
This transition is reshaping how cities are planned. According to the OECD, data governance has become a foundational element of smart-city development, while internationally standardized indicators such as ISO 37122 enable cities to measure performance consistently, benchmark against global peers and inform better policy and investment decisions1.
Meanwhile, the World Council on City Data (WCCD) says that ISO-standardized, independently verified and globally comparable city data enables cities to make better planning and investment decisions, benchmark performance against global peers, and attract investment through greater transparency and comparability2.
That helps explain why international standards such as ISO 37122 are attracting growing attention. Developed by the International Organization for Standardization (ISO), the framework establishes globally comparable indicators for evaluating smart-city performance across mobility, energy, environmental management, digital infrastructure, governance, public safety and innovation. ISO 37122 measures how effectively an urban system performs as an integrated whole.
For governments and developers alike, the implication is significant, future cities will increasingly be judged by what they can measure and verify.
Few developers have attempted to integrate those standards before a city is even built. Yet that is precisely the path Vinhomes is pursuing. Instead of treating certification as a post-construction credential, the company is embedding internationally recognized smart-city metrics into the planning process itself, a strategy that could place Vietnam among a new generation of countries helping redefine how future cities are conceived, governed and evaluated.
Embedding Global Standards from the Ground Up
On March 3, 2026, Vinhomes Green Paradise – Can Gio officially launched its Smart City Certification Project in partnership with Korea Management Association Consulting (KMAC), the WCCD and the Standardized Urban Metrics (SUM) initiative.
The collaboration aims to achieve the WCCD/SUM ISO 37122 Custom Smart City Certification, a customized framework derived from ISO 37122 and specifically developed for large-scale greenfield urban projects.
Under the partnership, KMAC provides strategic consulting and technical advisory services to align the project’s development with internationally recognized indicators. WCCD and SUM are responsible for developing the customized indicator framework, supervising the assessment process and overseeing certification, with an Interim Certification targeted within 2026 before full certification in subsequent phases.
The approach reflects a broader evolution in urban development. Historically, many cities have sought certification only after major infrastructure systems were completed. Greenfield developments, however, offer a different opportunity: sustainability, digital governance and performance measurement can be integrated into planning from the outset rather than retrofitted later.
“This project symbolizes a landmark collaboration between Vietnam and Korea in advancing global smart city standards,” said Mr. Chulse Oh, Head of AX Group at KMAC. “By combining Vinhomes’ visionary urban development with KMAC’s consulting expertise and WCCD/SUM’s global certification framework, Vinhomes Green Paradise will become a model for data-driven governance, sustainability, and smart innovation.”
Situated across 2,870 hectares, Vinhomes Green Paradise occupies one of Vietnam’s most distinctive ecological settings, bordered by the Can Gio Sea and the UNESCO-recognized Can Gio Mangrove Biosphere Reserve spanning more than 75,000 hectares. The project features 121 kilometers of coastline while maintaining a construction density of just 16%, reflecting a development strategy that prioritizes environmental resilience alongside long-term urban growth.
Its ESG++ framework expands upon traditional Environmental, Social and Governance principles by adding two additional pillars – Regeneration and Climate Adaptation – placing ecosystem restoration alongside economic development.
Once fully operational, the development targets 100% clean electricity generated from offshore wind, solar power and battery storage systems. Transportation is envisioned as an entirely net-zero ecosystem supported by electric cars, buses, motorcycles, bicycles, boats and a high-speed railway connecting directly with central Ho Chi Minh City.
The project also places biodiversity at the center of its long-term strategy. A dedicated Forest Regeneration and Climate Adaptation Fund has been established to support research, ecological restoration and mangrove conservation, reinforcing Can Gio’s role as a natural coastal defense system while strengthening climate resilience for future generations.
Dr. Patricia McCarney, President and CEO of WCCD and Director of SUM, believes the initiative reflects Vietnam’s growing role in global urban innovation.
“Vietnam is emerging as one of the most promising leaders in smart and sustainable city development. The Vinhomes Green Paradise is a remarkable new development in Vietnam that deserves global recognition,” she said. “We are honored to partner with Vinhomes and KMAC to ensure that Vinhomes Green Paradise achieves global recognition through our WCCD/SUM ISO 37122 Custom Certification.”
Vinhomes Green Paradise has also become the first official participant in the “7 Wonders of the Future Cities” campaign initiated by New7Wonders, further reinforcing its aspiration to become a benchmark for AI-ready, data-driven and environmentally resilient urban development.
A Broader Vision for Vietnam’s Next Generation of Cities
Less than two months after launching the Can Gio certification initiative, Vinhomes unveiled another flagship development that broadens the company’s long-term urban vision.
On April 25, 2026, the developer officially introduced Vinhomes Global Gate Ha Long, a coastal mega-city spanning more than 6,200 hectares in Quang Ninh Province. Positioned as a “New Hanoi” beside the UNESCO World Heritage Site of Ha Long Bay, the project is designed as a fully integrated urban ecosystem where residents can live, work, study, receive healthcare and enjoy world-class leisure amenities within a single destination.
More than 2,500 hectares are dedicated to green landscapes, water systems and mangrove forests, including 680 hectares of naturally filtered sea, approximately 200 kilometers of white-sand coastline and more than 660 hectares of Globe Ha Long Forest Park. Together, these natural assets form the foundation of an ESG++ ecosystem centered on regeneration, biodiversity and long-term environmental resilience.
Looking beyond today’s internationally recognized benchmarks, the development is envisioned as the world’s first ESG-oriented city progressing toward the emerging ISO 37125 standard for sustainable urban development.
If Green Paradise Can Gio demonstrates how internationally verified smart-city metrics can be embedded into a greenfield development, Global Gate Ha Long expands that concept into a broader model of human-centered urbanism.
Taken together, the two developments reveal an increasingly distinctive strategy. Rather than viewing international standards as external certifications to pursue after construction, Vinhomes is integrating them into the earliest stages of planning, governance and infrastructure design.
By building around those standards from the outset, Vinhomes is making the case that Vietnam can help shape the next chapter of global smart-city development, one where data, governance and environmental resilience become as important as architecture itself./.
Sources:
- https://www.oecd.org/en/publications/smart-city-data-governance_e57ce301-en/full-report/component-4.html
- https://www.dataforcities.org/about-wccd
Hashtag: #Vinhomes
The issuer is solely responsible for the content of this announcement.
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Phancy 2026 Interim Results: Revenue Up 43.4%, API Revenue Up 860.8%, Turnaround to Profit
During the period, the Group achieved revenue of RMB3,765 million, representing a 43.4% year-on-year increase. Gross profit amounted to RMB1,233 million, with an overall gross profit margin of 32.8%. Profit attributable to owners of the parent company amounted to RMB119 million, while adjusted profit attributable to owners of the parent company amounted to RMB150 million. Both measures turned profitable, reflecting continued improvement in operational efficiency and profitability alongside the expansion of the Group’s business scale.
The Group’s three major business segments developed in synergy. The API business recorded revenue of RMB464 million, representing a year-on-year increase of 860.8%, and became a key growth driver for the Group. The AI Platform business recorded revenue of RMB3,088 million, representing a year-on-year increase of 30.0%. The Agentic AI business recorded revenue of RMB214 million, representing a year-on-year increase of 4.9%.
Dr. Dai Wenyuan, Founder, Chairman and Chief Executive Officer of Phancy, said: “In the first half of 2026, the Group accelerated revenue growth and further improved profitability, supported by the coordinated development of our AI Platform, API and Agentic AI businesses. The AI Platform continued to strengthen our core business foundation, while the API business delivered breakthrough growth by leveraging the capabilities of the Token Factory, becoming an important growth engine for the Group.
Looking ahead, we will capitalize on the opportunities arising from the large-scale adoption of enterprise AI, apply our technological and operational strengths to deepen synergies between the AI Platform and API businesses, and focus our Agentic AI business on high-value industry applications. We remain committed to maintaining high-quality growth and operational efficiency while creating long-term, sustainable value for our clients and shareholders.”
Token Factory Drives Breakthrough Growth in the API Business
During the period, the API business sustained its strong growth momentum and recorded revenue of RMB464 million, representing a year-on-year increase of 860.8%, supported by enhanced Token service capabilities and growing client demand. In the first half of 2026, Token consumption grew by approximately 620% year on year. As of the end of the period, the Group’s available computing power resources increased to 28,000 PFLOPS, supporting the expansion of Token service capacity and future development of the API business.
In the first half of 2026, the Group continued to enhance its API service capabilities. As one of the Group’s core technology platforms, ModelHub has accumulated more than 200,000 “model x chip” adaptation combinations, creating an increasingly significant scale advantage and enabling the Group to meet growing demand for AI model calls from enterprises and developers in Mainland China and overseas markets.
The “Token Factory” is not a standalone product, but an integrated production and operational framework connecting heterogeneous computing resources, models and enterprise applications. Leveraging core technologies including HAMi vGPU and ModelHub, the Group has established end-to-end capabilities spanning computing resource scheduling, model adaptation, and Token production and delivery, creating a complete value chain from computing resources to Token services and enabling clients to use AI services with greater stability, efficiency and cost-effectiveness.
The Group will continue to optimize the allocation of computing power resources in line with business needs and enhance the production and delivery capabilities of its Token services. As AI adoption expands across a broader range of use cases, the API business is expected to further unlock its growth potential and create increasing commercial value as it scales.
Enterprise Private Deployments Strengthen the AI Platform’s Core Business Foundation
During the period, the AI Platform business achieved revenue of RMB3,088 million, representing a year-on-year increase of 30.0%. The Group’s orders on hand amounted to approximately RMB7 billion. Supported by broader client coverage, a steady increase in the number of paying clients and growing revenue contributions from major high-quality clients, the AI Platform business maintained steady growth and remained a stable contributor to the Group’s revenue.
During the period, the number of paying clients with RISE vGPU, the commercial version of HAMi vGPU, as their primary requirement increased approximately 5-fold year on year. As the adoption of heterogeneous computing resources continues to expand, enterprises’ needs for more effective computing power and higher resource utilization efficiency are also increasing, creating further growth opportunities for the Group’s related products and services.
As AI applications become increasingly integrated into enterprises’ core business processes, clients’ requirements for data security, operational autonomy and control, flexible integration and long-term operations continue to increase, highlighting the importance of private deployment of enterprise AI. The Group continues to provide clients across the energy, manufacturing, financial services, retail and telecommunications sectors with full-stack capabilities encompassing unified heterogeneous computing resource management, model adaptation and optimization, and the deployment and operation of enterprise AI applications, supporting clients in expanding AI applications from individual projects to a broader range of business scenarios.
Agentic AI Focuses on High-Value Applications and Explores Result-as-a-Service Model
During the period, the Agentic AI business continued to operate steadily, recording revenue of RMB214 million, representing a year-on-year increase of 4.9%. The Group continued to pursue a focused development strategy, prioritizing investment in industry applications with significant strategic value and the potential to accumulate high-quality, industry-specific data, thereby supporting the long-term development of its business value and industry capabilities.
In terms of its business model, the Group further promoted its result-as-a-service (RaaS) cooperation model in high-value industry applications, including energy and entertainment industries. Rather than simply selling standardized products, the Group works closely with clients throughout their business processes, using AI to reduce costs, improve efficiency and generate incremental revenue. Commercial arrangements are linked to the value actually delivered. As the relevant projects continue to progress, the Group aims to further deepen these client relationships while accumulating real-world industry experience and know-how, creating favorable conditions to further scale the relevant capabilities.
Looking ahead, the Group will continue to maintain a focused approach to investment and prioritize business areas capable of creating long-term client value and economies of scale.
Operational Efficiency and Resource Support Enable Business Expansion
During the period, the Group’s research and development (R&D) expenses amounted to RMB1,208 million, up 35.2% year on year, and R&D expense stood at 32.1%. As of the end of the period, the Group had accumulated more than 500 invention patents. The Group continued to focus on strengthening core AI infrastructure capabilities, including HAMi and ModelHub, and further enhanced its capabilities in heterogeneous computing power management, model adaptation and enterprise AI services, supporting the coordinated development of the AI Platform, API and Agentic AI businesses while further enhancing product iteration, client delivery and operational efficiency.
In the first half of the year, the Group strategically increased its computing power resource reserves to support the continued capacity expansion of Token service capacity and meet growing client demand. Capital expenditures amounted to RMB2,237 million. At the same time, the Group had aggregate credit facilities of approximately RMB6,616 million and total borrowings of RMB1,660 million, providing financial support for the deployment of computing power assets and business development. The Group will continue to allocate resources in line with its business development needs and balance capital investment, business growth and profitability.
The Group’s selling and marketing expenses amounted to RMB28 million, representing a year-on-year decrease of 85.0%, while selling and marketing expenses as a percentage of revenue decreased to 0.75%, primarily due to increased client recognition and enhanced product capabilities. While maintaining investment in core technologies, the Group will continue to optimize resource allocation and operational efficiency and enhance the quality of business growth.
Dual Growth Engines Driving Long-Term Value Creation
Looking ahead, enterprise AI applications are gradually moving from pilot programs toward large-scale adoption and continuing to expand into a broader range of core business areas. Enterprises’ requirements for data security, operational autonomy and control, and deep integration with business processes will continue to drive the development of the private AI Platform deployment market. At the same time, the wider adoption of Agentic AI applications and rapid growth in Token demand are expected to drive continued demand for efficient, stable and scalable Token services.
Leveraging its neutral, full-stack AI capabilities and extensive experience serving enterprise clients, the Group will continue to enhance its technology, delivery and operational capabilities. While maintaining a disciplined approach to operations, the Group will support the steady growth of the AI Platform business, steadily advance the development of the Token Factory and the API business, and focus the Agentic AI business on industry applications with long-term value, creating sustainable value for clients and shareholders.
Hashtag: #Phancy
The issuer is solely responsible for the content of this announcement.
About Phancy Group
Phancy Group (6682.HK) is a leading full-stack AI cloud services platform, providing comprehensive solutions for the AI 2.0 era. Our offerings include 4ParadigmSage AIOS, HAMi vGPU and ModelHub XC, delivering efficient and scalable AI infrastructure with end-to-end capabilities. We provide a complete solution from heterogeneous compute resource management and optimization to the deployment of intelligent agent models. These solutions empower digital transformation across a wide range of industries, supporting our vision of building a large-scale and efficient “Token Factory.”
Guided by the mission of “AI for Everyone” and positioned as the “Navigator of AI,” Phancy Group is committed to becoming a global leader in Artificial General Intelligence.
Local Franchise Model to Enhance Operational Efficiency and Support Sustainable Growth
SINGAPORE – Media OutReach Newswire – 20 August 2026 – International Housewares Retail Company Limited (“IH Retail” or the “Group”, stock code: 1373), the parent company and owner of the “Japan Home” brand in Singapore, is pleased to announce that all “Japan Home” stores in Singapore have resumed operations and are open for business.
Following the completion of the transition arrangements, all relevant stores have reopened on 20 August 2026.
On 13 August 2026, an indirect subsidiary of the Group entered into a three-year master franchise agreement with the Singapore master franchisee, Radha Export Pte. Ltd (“Radha”), the company which is the engine behind the ABC and Valu$ stores in Singapore, and completed the handover of the existing stores on 19 August 2026. The agreement grants the master franchisee the exclusive right to operate the “Japan Home” business in Singapore, including through sub-franchisees, and to establish additional outlets at suitable locations.
Radha combines extensive experience in consumer goods and wholesale distribution with strong local operational expertise and a well-established supply chain network. By leveraging the Radha’s local capabilities, the Group expects to enhance store operating efficiency, improve its responsiveness to market demand and maintain strong brand awareness in Singapore. The local franchise model is also expected to support the continued expansion of the “Japan Home” brand’s reach and influence in Singapore and across the Southeast Asian market over the next three years.
This strategic restructuring represents an important step in optimizing the Group’s regional business structure, improving operational quality and enhancing efficiency. The Group remains confident in the long-term development of the Singapore market and is committed to ensuring customers continue to enjoy shopping at “Japan Home” stores in Singapore.
Hashtag: #JapanHome
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Olymptrade partners with HOPE Worldwide Malaysia for a charitable mission in Kuala Lumpur
HOPE Worldwide Malaysia is a non-profit organization founded in 2000. It supports urban low-income households and marginalized communities through food assistance, healthcare access and community wellbeing programs across the country.
On August 15, the partners held a food distribution event near the Sentul Free Clinic, handing out 180 care boxes to impoverished families. Each box contained 10 kg of rice, flour, cooking oil, dried noodles, canned food, a choco malt drink, biscuits, potatoes and vegetables.
Olymptrade also contributed to HOPE’s Health & Wellbeing Program, which supports both the Sentul Free Clinic of HOPE and mental wellness training for community members.
The Sentul clinic, one of the NGO’s major projects, has been offering free, high-quality healthcare to local marginalized communities since 2000, treating more than 80,000 patients, including children and the elderly. Olymptrade’s donation will cover two months of the clinic’s operations, covering doctors’ salaries, medical supplies, program allowances and facility upkeep.
Olymptrade’s donation will also fund three months of wellness training for 25 women, led by a qualified mental wellness facilitator. The program is designed to help mothers build emotional resilience, so they’re better equipped to support and guide their own children.
This isn’t Olymptrade’s first charity campaign. The company has run similar missions in other countries where it operates, including Indonesia, Nigeria, Brazil, India and others, partnering with well-known local charities each time.
The Kuala Lumpur campaign follows the same model, pairing immediate relief with a longer-term investment in healthcare and wellness.
Olymptrade sees this combination as key to helping communities not just today, but for years to come. It also hopes the initiative will raise broader awareness of the food security challenges many Malaysian families continue to face.
Hashtag: #Olymptrade
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