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Vingroup Launches Hanoi – Quang Ninh High-Speed Railway Project

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QUANG NINH, VIETNAM – Media OutReach Newswire – 12 April 2026 – The People’s Committee of Quang Ninh Province, in coordination with Vingroup and the People’s Committees of Hanoi, Hai Phong, and Bac Ninh, today officially launches the Hanoi Quang Ninh high-speed railway project, which is expected to be completed by the end of 2028. With a maximum design speed of up to 350 km/h, the project will shorten travel time between the two localities by five to seven times, to approximately 23 minutes.

Rendering of Ha Long terminal station at Vinhomes Global Gate Ha Long urban area (Quang Ninh).

The launch ceremony for the Hanoi Quang Ninh high-speed railway project is part of a series of activities celebrating the successful election of deputies to the 16th National Assembly and People’s Councils at all levels for the 2026-2031 term, aimed at creating momentum for a new phase of development.

The event was attended by Mr. Le Minh Hung, Politburo Member and Prime Minister; Mr. Pham Minh Chinh, former Politburo Member and former Prime Minister; Mr. Pham Gia Tuc, Politburo Member and Standing Deputy Prime Minister; Mr. Nguyen Hoa Binh, former Politburo Member and former Standing Deputy Prime Minister; Mr. Luong Tam Quang, Politburo Member and Minister of Public Security; along with leaders of central ministries, agencies, and localities.

The Hanoi Quang Ninh high-speed railway project is developed by VinSpeed High-Speed Railway Investment and Development Joint Stock Company, a member of Vingroup, with a total investment of over VND 147 trillion, equivalent to more than USD 5.6 billion, excluding land clearance costs.

The project spans four localities: Hanoi, Bac Ninh, Hai Phong, and Quang Ninh, with a total length of 120.2 km. It is designed as a double-track, standard-gauge (1,435 mm), fully electrified railway, with a maximum operating speed of up to 350 km/h. The section passing through Hanoi will operate at a maximum speed of 120 km/h. The project is expected to deploy the latest generation of high-speed trains, alongside world-class signaling, communications, and equipment systems supplied by Siemens Mobility (Germany), with a roadmap for technology transfer to VinSpeed during operations.

The starting point of the line will be at Co Loa Station, located within the Vietnam National Exhibition Center, Vinhomes Global Gate Hanoi urban area. The terminal station will be Ha Long Station, located within Globe Forest Park, Vinhomes Global Gate Ha Long, Quang Ninh. The route will include three intermediate stations at Gia Binh (Bac Ninh), Ninh Xa (Hai Phong), and Yen Tu (Quang Ninh), as well as one depot located at the Ha Long terminal station.

Prime Minister Le Minh Hung and delegates perform the project launch ceremony for the Hanoi – Quang Ninh high-speed railway project.
Prime Minister Le Minh Hung and delegates perform the project launch ceremony for the Hanoi – Quang Ninh high-speed railway project.

According to plan, the project is expected to be completed and enter commercial operation in 2028, reducing travel time from Hanoi to Quang Ninh by five to seven times, from over two hours to approximately 23 minutes.

Speaking at the ceremony, Mr. Bui Van Khang, Deputy Secretary of the Provincial Party Committee and Chairman of the People’s Committee of Quang Ninh Province, stated: “The Hanoi Quang Ninh high-speed railway is a mega-project that carries significant expectations. It demonstrates the capacity and strong commitment of the investor, and stands as clear evidence of the increasingly deep participation of the private sector in critical national infrastructure. We are committed to continuing close coordination with central ministries and the investor throughout project implementation; proactively addressing any arising challenges; and ensuring land clearance, resettlement, and all necessary conditions are in place for the project to be delivered on schedule and to the highest quality standards.”

As the first inter-regional high-speed railway project to be implemented in Vietnam, the Hanoi –Quang Ninh line is expected to create strong momentum for the Northern Key Economic Region, while marking a significant step toward a new era of accelerated development, contributing to the realization of the Party’s and Government’s determination to enhance national competitiveness.

Representing the investor, Mr. Nguyen Viet Quang, Vice Chairman and Chief Executive Officer of Vingroup, shared: “Today’s launch ceremony for the Hanoi Quang Ninh high-speed railway affirms Vingroup’s strong commitment to contributing to infrastructure development, steadily building a modern, internationally-standardized transport infrastructure system, thereby supporting socio-economic growth and improving the quality of life for the Vietnamese people.”

Mr. Michael Peter, Global CEO of Siemens Mobility, shared: “We are committed to bring to Vietnam the world’s most advanced, safest, and most efficient high-speed rail system with proven track record across the globe. Every day, our trains run around one million kilometers, three times the distance to the moon, with an unbeaten safety record. Each train is developed fully digitally, delivering maximum energy efficiency and a superior passenger experience. Siemens is committed to deliver a close and sustainable partnership with Vingroup, where we envision a true win-win partnership, including an extensive technology transfer program. We will build and service these trains together, creating a new railway ecosystem in Vietnam.”

The Hanoi Quang Ninh high-speed railway is the second project undertaken by VinSpeed. In December 2025, VinSpeed officially broke ground of the Ben Thanh – Can Gio railway line in Ho Chi Minh City, which is also expected to be completed in the fourth quarter of 2028.

The consecutive rollout of two high-speed railway projects in both the northern and southern regions not only affirms VinSpeed’s strong execution capabilities, but also lays the foundation for the development of a multi-billion-dollar railway and supporting industries ecosystem, contributing to elevating Vietnam’s position and competitiveness on the global stage.

Hashtag: #Vingroup #VinSpeed

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

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Owner-Operated Serviced Office CoWorkSpace Opens at 6 Raffles Quay Level 16, Offering Members Stable Pricing in a Landlords’ Market

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As Singapore CBD office rents rise for a fifth consecutive quarter and vacancy hits a record low, CoWorkSpace aims to shield members from rent increases that flex operators typically pass through.

SINGAPORE – Media OutReach Newswire – 26 May 2026 – CoWorkSpace is conveniently located at 6 Raffles Quay #16-01, occupying an entire floor within the office tower and comprising more than 50 private suites designed for startups, SMEs, and established corporations across shipping, financial intermediaries, family offices, professional services, business consultancy, technology, and trade-related industries.

The building is linked to both Raffles Place and Downtown MRT stations via fully sheltered underground walkways, allowing members and their visitors to reach the office without exposure to Singapore’s heat or rain.
Unlike other industry players, CoWorkSpace owns the property it operates from. This owner-operated model provides members with the option of medium to long-term price stability and reduces the risks commonly associated with leased coworking spaces, such as sudden closures, forced relocations, and aggressive rental increases.
The facility is configured mainly as private suites, with no hot-desks and no virtual office members. Members on dedicated-desk arrangements are situated within private suites, providing greater privacy and a more professional working environment.
Each suite is equipped with electronic height-adjustable desks, modern office chairs, and pedestal cabinets according to the suite configuration. Data points are also included within each suite.
Shared facilities include an expansive business lounge, business-grade internet, reception services, meeting rooms and call booths, printing, scanning and shredding facilities, and utilities.
In addition, CoWorkSpace operates an in-house IT team that manages its network and infrastructure directly, enabling faster response and turnaround times for IT-related matters without relying on third-party vendors.

Hashtag: #ServicedOffice #Coworking #CoworkingSpace #RafflesQuay #RafflesPlace #SingaporeCBD #SGCBD #PrivateOffice #PrivateSuites #OwnerOperated #FlexibleWorkspace #BusinessAddress #SMESingapore #SGBusiness #CoWorkSpace


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JOYY Reports First Quarter 2026 Financial Results: Total Revenue YoY Growth Hits Multi-Year High

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SINGAPORE – Media OutReach Newswire – 26 May 2026 – JOYY Inc. (NASDAQ: JOYY) (“JOYY” or the “Company”), a leading global technology company, today announced its unaudited financial results for the first quarter ended March 31, 2026.

In the first quarter, JOYY’s total revenues reached US$555.7 million, up 12.4% year over year, representing the Company’s highest year-over-year growth rate in recent years. Social entertainment revenue increased 3.2% year over year to US$400.4 million. BIGO Ads ad tech and SHOPLINE e-commerce, the second growth engine of the Company, maintained strong growth momentum. BIGO Ads revenue reached US$124.8 million, up 55.6% year over year, while SHOPLINE contributed US$30.5 million, up 16.1% year over year.

In the first quarter, the Company’s non-GAAP1 operating income increased 22.5% year over year to US$38.0 million, while non-GAAP1 EBITDA grew 13.2% year over year to US$45.7 million. Operating cash inflow for the quarter was US$46.0 million. Net cash as of March 31, 2026 stood at US$3.18 billion.

Simultaneously, JOYY announced a new share repurchase program, under which the Company is authorized to repurchase up to US$600 million of its shares until the end of 2028, and a new quarterly dividend program, under which a total of approximately US$900 million in cash will be distributed on a quarterly basis between 2026 and 2028. The new shareholder return program amounts to approximately US$1.5 billion, underscoring JOYY’s confidence in its long-term growth potential.

  1. This press release includes certain non-GAAP financial measures as additional clarifying items to aid investors in further understanding the Company’s performance and the impact that these items and events had on the financial results. The non-GAAP financial measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. For details of the non-GAAP measures, including the reconciliations of GAAP measures to non-GAAP measures, please refer to the press release titled “JOYY Reports First Quarter 2026 Unaudited Financial Results” issued by the Company on May 26, 2026.

Hashtag: #JOYY

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

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“Made in Binzhou” Heads to Tianzhou-10 Cargo Spacecraft——Binzhou Sci-Tech Power Embarks on a Hardcore Space Mission

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BINZHOU, CHINA – Media OutReach Newswire – 25 May 2026 – On May 11, experimental samples for the project “Study on the Effect of Rotating Magnetic Field on the Solidification Process of Aluminum-based Lightweight High-entropy Alloys under Space Microgravity Conditions” were officially launched aboard the Tianzhou-10 cargo spacecraft. Co-developed with the Metal Materials Center of Binzhou Weiqiao UCAS Advanced Technology Research Institute, these samples are now en route to China’s Manned Space Station to begin their on-orbit scientific journey in a microgravity environment.

Researchers conducting project experiments

This initiative is a collaborative effort involving the University of Chinese Academy of Sciences (UCAS), the National Space Science Center of the Chinese Academy of Sciences, and the Binzhou Weiqiao UCAS High Technology Research Institute. The successful launch marks a historic “zero-to-one” breakthrough, representing the first time private sci-tech forces from Binzhou and indeed Shandong province have reached space. It also stands as China’s first in-space experiment to study the solidification of lightweight high-entropy alloys under the dual-field coupling of “microgravity and rotating magnetic fields.”

As a national-level “space laboratory,” the manned space station hosts world-class research facilities and serves as a core platform for disruptive innovation in new materials. This successful deployment not only highlights the institute’s cutting-edge research capabilities but also signifies a deep integration between corporate scientific research and national aerospace engineering. Looking ahead, the institute will continue its deep dive into frontier fields such as space materials and lightweight alloys. By strengthening collaborative innovation across industry, academia, and research, they aim to empower the upgrading of the new materials industry with technological innovation, contributing both wisdom and strength to the development of China’s manned space program and the cultivation of new quality productive forces.
Hashtag: #BinzhouInformationOffice

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