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Vingroup Simultaneously Launches and Inaugurates 11 Key Projects in Vietnam
Among these activities, the groundbreaking ceremony of Vingroup’s Olympic Sports Urban Area Investment and Construction Project in Hanoi served as the central broadcast location for the live-televised program marking the commencement, inauguration, and technical opening of projects and works celebrating the 14th National Congress of the Communist Party of Vietnam. The event was honored by the presence of Prime Minister Pham Minh Chinh, Secretary of Hanoi Party Committee Nguyen Duy Ngoc, along with leaders of the Party and State, leaders of central ministries and agencies, and the leadership of Hanoi.
Speaking at the event, Prime Minister Pham Minh Chinh emphasized that the projects and works commenced, inaugurated, and technically opened on this occasion are large-scale developments with complex technical requirements, playing a particularly important role in socio-economic development, with several record-setting features. First, they represent the largest total investment ever, amounting to 3.4 quadrillion VND. Second, they feature the highest level of private sector participation, with nearly 2.8 quadrillion VND, accounting for 82% of total investment. Third, they include the single largest investment project to date, the Olympic Sports Urban Area, with total capital of 925 trillion VND.
“These are critical foundations for a synchronized and modern infrastructure system that meets the country’s development needs in the new era. They are key links in the effort to build a peaceful, stable, deeply integrated, prosperous, civilized, thriving, and happy Vietnam, steadfastly advancing towards socialism,” the Prime Minister said.
The Olympic Sports Urban Area investment and construction project covers more than 9,171 hectares, with total investment of approximately VND 925 trillion. This marks the largest urban area in Vietnam, spanning 11 communes. Located at the southern gateway of Hanoi, the Olympic Sports Urban Area sits at the intersection of Ring Road 3.5, Ring Road 4, National Highway 1A, the Phap Van – Cau Gie expressway, and especially adjacent to Ngoc Hoi Station, opening significant potential for sports urban development integrated with modern public transport.
The project is planned into four zones with the goal of creating a sports city and service city associated with a world-class sports complex, enhancing Hanoi’s position on the continental and global sports and cultural map and creating sustainable development momentum for decades.
The heart of the sports complex is a national-level facility, the Trong Dong Stadium, developed on an area of 73.3 hectares with a capacity of up to 135,000 seats. It is designed as a FIFA-standard stadium with the world’s largest seating capacity and the largest fully retractable roof. Beyond its record-breaking scale, Trong Dong Stadium is also one of the most distinctive stadiums globally, featuring design elements inspired by Vietnamese culture, richly incorporating Dong Son bronze drum motifs, creating a structure that is both modern and symbolic of Vietnamese spirit.
Notably, the stadium is positioned as a green and smart facility, integrating AI with the ability to replace the pitch surface within 6-10 hours; smart seats connected via 5G; real-time security and crowd management; water collection and recycling systems saving 70% of clean water; heat and UV resistance; and natural ventilation to reduce air conditioning energy consumption and noise. The stadium also includes a dedicated VVIP area meeting standards for hosting international heads of state at major events.
The Trong Dong Stadium is expected to be completed in August 2028.
In urban development, alongside Hanoi, in Quang Ninh Province, Vingroup and Vinhomes have broken ground on the Ha Long Xanh integrated urban project in Ha An Ward, Quang Ninh Province. Located adjacent to Ha Long Bay, a UNESCO World Heritage site, with a total scale of more than 4,100 hectares, among the largest in Vietnam, Ha Long Xanh is planned as a “globally-connected wonder city by the heritage bay.” The project is connected domestically and internationally by the Hanoi – Hai Phong – Ha Long – Van Don – Mong Cai expressway, a network of airports and international seaports, and especially the Hanoi – Quang Ninh high-speed railway currently registered for investment by VinSpeed High-Speed Railway Investment and Development Joint Stock Company. The Ha Long Xanh integrated urban area is expected to bring its first components into operation from 2028.
Following the Ha Long Xanh coastal mega city, a consortium of investors including Vinhomes Joint Stock Company, Cam Ranh Investment Joint Stock Company, and VinES Energy Solutions Joint Stock Company has broken ground on the Cam Ranh Bay Coastal Urban Area project. Covering more than 1,254 hectares, the project is planned to maximally preserve the pristine beauty of one of the world’s most beautiful bays, positioning Cam Ranh as an ideal place of residence for elite communities both domestically and internationally, while elevating Khanh Hoa’s standing in the South Central Coast region.
The next urban project launched is the Song Tri Ward Urban Area in Ha Tinh, covering 84.12 hectares. With an integrated system of schools, medical centers, parks, and commercial and entertainment facilities, the Song Tri Ward Urban Area is one of the largest urban projects in the locality, contributing to improved quality of life for residents.
In the social housing segment, Vingroup continues to affirm its pioneering role by breaking ground on the Social Housing Project in Pho Hien Ward, Hung Yen Province, covering 31.1 hectares with 25 apartment buildings. Beyond meeting essential housing needs for workers, the project provides an integrated and superior all in one amenities system including schools, medical facilities, parks, and parking areas. The project is expected to be handed over in 2027.
On the same day, in Nghe An, Vincom Plaza Vinh is officially inaugurated, marking the presence of the 90th Vincom shopping center nationwide and standing as one of the most modern shopping centers in the North Central region. Located on Quang Trung Street, with a total floor area of more than 25,000 square meters forming the podium of a 37-story five-star hotel tower, a new symbol of the city, Vincom Plaza Vinh is not only a leading shopping, dining, and entertainment destination for local residents and visitors, but also the first of its kind in Nghe An to offer a fresh cultural experience space.
In the infrastructure sector, Vingroup officially broke ground on the Tuan Chau Public Park project in Tuan Chau Ward and Viet Hung Ward, Quang Ninh Province. This is a mega ecological, cultural, and sports park with a scale of more than 626 hectares, the largest in the country. The park is planned into four themed zones: Festival Park with a family connection theme; Sports Arena Park with a sports theme; Discovery Park with physical challenge activities; and Tranquil Forest Park with wellness and public forest themes. Each park’s design optimally leverages Ha Long’s mountain, forest, and green bay characteristics to deliver diverse experiences that combine sports activities, family and friend connections, nature exploration, energy renewal, and a balanced lifestyle within a modern urban rhythm.
The Tuan Chau Public Park is expected to come into operation in 2028, marking an important step in Vingroup’s strategy to create green, experience-rich spaces that deliver sustainable health and mental value for residents and visitors, while promoting tourism development in Northern Vietnam.
At the same time, at the Vinhomes Green Paradise Can Gio mega urban area in Ho Chi Minh City, the groundbreaking ceremony for the Ben Thanh – Can Gio railway project also took place. This is the first high-speed railway project in Vietnam. The line has a length of 54 km, a maximum speed of 350 km/h, with its starting point at Ben Thanh and its terminus at Vinhomes Green Paradise Can Gio. Once operational, expected in the fourth quarter of 2028, the line will open a new era for national railway infrastructure, driving development in commerce, tourism, real estate, and especially the marine economy for Ho Chi Minh City and the entire Southeast region.
In the green energy sector, VinEnergo Energy Joint Stock Company launched two large-scale projects including the Eco Wind Ky Anh Wind Power Plant and the Ky Anh Wind Power Plant. The Eco Wind Ky Anh Wind Power Plant has a capacity of 498 MW with expected annual output of 1,322.4 GWh. The Ky Anh Wind Power Plant has a capacity of 400 MW and is expected to supply approximately 1,053.3 GWh per year. Both plants will build substations and double-circuit 500 kV transmission lines to connect to the Ha Tinh – Vung Ang 500 kV line, contributing to national electricity output.
With total output of more than 2,375 GWh of renewable electricity per year and commercial operation expected in the fourth quarter of 2028, the two wind power plants mark a strategic step in clean energy transition and the realization of Vietnam’s Net Zero goal by 2050.
Also in Vung Ang, Vingroup officially launched the VinMetal steel manufacturing plant, marking a milestone in heavy industry. With phase one capacity of 5-6 million tons per year and total capacity across three phases reaching 20 million tons per year, VinMetal aims to become a leading high-technology steel complex in the region, producing hot-rolled steel, steel plates, special alloy steel, rail steel, and structural steel meeting international standards, which are strategic materials for Vietnam’s industrial development. The plant strictly complies with environmental regulations and is developed using an integrated BF-BOF large-scale steelmaking process.
The plant is expected to begin operation in 2027, enabling Vingroup to secure its own steel supply for real estate, infrastructure, and industrial manufacturing projects within the Vingroup ecosystem, while targeting exports. The plant will also create livelihoods for thousands of workers, positioning Ha Tinh as a new metallurgical center of the country.
With the simultaneous commencement and inauguration of 11 projects, Vingroup not only creates growth momentum, contributes to transforming urban landscapes, and accelerates national industrialization and modernization, affirming the service spirit and visionary capacity of the private enterprise sector, but also joins the Government in realizing the goal of placing Vietnam among the world’s top 30 economies by 2030.
Hashtag: #Vingroup
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Media OutReach
Armacell Deepens Asia‑Pacific Industry Engagement to Drive Energy Efficiency, Sustainability and Fire Safety
- Supporting Asia‑Pacific’s transition from BS 476 to the more comprehensive EN 13501‑1 fire‑classification framework
- ArmaPrene™‑based insulation, including ArmaFlex® Ultima, achieves significantly lower smoke emissions to support safer evacuation and fire‑engineering compliance
- ArmaLive Experience Centre builds industry capability through product insights, demonstrations, audits and hands‑on installation training
- Active collaborations with industry partners and relevant public-sector bodies to help shape safer built environments
- Long‑term commitment to safer, more energy‑efficient buildings through technical guidance, training and regional knowledge‑sharing
SINGAPORE – Media OutReach Newswire – 14 July 2026 – Armacell, a global leader in flexible equipment insulation and engineered foams, deepens its collaboration with industry stakeholders across Asia‑Pacific to enhance energy efficiency, sustainability and fire‑safety standards in the built environment.
Central to this expanded engagement is the ArmaLive Experience Centre, which serves as a regional hub for training, technical insight and hands-on demonstrations. The centre is designed to support engineers, consultants, installers and regulatory professionals as they respond to increasingly performance‑based compliance requirements—particularly in the areas of sustainability, energy efficiency and fire safety.
Supporting Asia‑Pacific’s transition to modern fire‑safety standards
Across Asia-Pacific, regulators and industry professionals are steadily moving from legacy BS 476 classifications to the more comprehensive EN 13501‑1 fire-performance framework. This shift reflects a growing focus on smoke‑performance—an essential advancement, as smoke inhalation remains one of the leading causes of fatalities in building fires.
To support this transition, Armacell provides data‑driven guidance, technical resources and targeted training that help stakeholders interpret performance criteria, understand material behaviour and assess system-level implications under the newer standard. These efforts are designed to enable informed specification decisions and support safer fire-engineering outcomes across a wide range of building applications.
A prime example of Armacell’s material innovation is ArmaFlex Ultima, developed using the company’s patented ArmaPrene technology. Generating about ten times less smoke than conventional elastomeric insulation, ArmaFlex Ultima achieves Euroclass B‑s1,d0 performance, enabling specifiers and fire engineers to significantly enhance safety in critical areas such as escape routes, mechanical services and other high-risk building zones.
ArmaLive Experience Centre: Strengthening regional technical capability
Located in Singapore, the ArmaLive Experience Centre delivers an expanded programme of learning and engagement designed to strengthen technical capability across the Asia-Pacific region and raise material and installation standards. The Centre offers a range of practical and knowledge-based initiatives, including:
- Product insight sessions showcasing compliance performance, system reliability and application-specific considerations.
- Energy and acoustic audits to support sustainable mechanical design and operational optimisation.
- Hands‑on installation training to help installers improve workmanship quality, reduce system losses and meet fire-safety and performance requirements.
- Live demonstrations and scenario‑based workshops focused on insulation selection, fire‑performance criteria and correct installation techniques.
Together, these programmes foster closer collaboration among developers, engineers, consultants, contractors and regulators, deepening their understanding of how insulation solutions contribute to energy efficiency, acoustic performance and fire safety.
Driving industry standards through technical partnerships
Armacell works closely with professional associations, technical bodies and relevant public-sector organisations across Asia‑Pacific to help advance technical standards and support a safer, more sustainable built environment.
Through seminars, joint technical exchanges and shared learning initiatives, the company shares expertise in insulation selection, performance benchmarks and comparative material behaviour—strengthening compliance awareness and improving the quality of building design and system specification.
By combining advanced materials knowledge with sustained industry engagement, particularly through the ArmaLive Experience Centre, Armacell supports informed specification practices, builds regional capability and reinforces its long‑term commitment to safer, sustainable and more resilient buildings across Asia-Pacific.
Hashtag: #Armacell
The issuer is solely responsible for the content of this announcement.
About Armacell
As the inventor of flexible foam for equipment insulation and a leading provider of engineered foams, Armacell develops innovative and safe thermal and mechanical insulation solutions that create sustainable value for its customers. Armacell’s products significantly contribute to driving energy efficiency worldwide.
With more than 3,100 employees and 26 production plants in 20 countries, Armacell operates two main businesses, Advanced Insulation and Engineered Foams. Armacell focuses on insulation materials for technical equipment, high-performance foams for acoustic and lightweight applications, recycled PET products, next-generation aerogel technology and passive fire protection systems.
For more information, please visit: www.armacell.com
- Revenue increased to US$113.2 million (up 23.8% YoY), driven by the 2 January 2026 acquisition of the Active Apparel Group Pty Ltd and Active Apparel Group (America) LLC (“AAG”) business which is now successfully integrated into the Group’s platform
- Net profit grew to US$ 5.4 million representing a 1.8% increase YoY, after absorbing one-off integration costs arising from the AAG acquisition
STRATEGIC DEVELOPMENT
- Deployed proprietary Product Lifecycle Management (“PLM”) system and in-house AI engine, advancing our transformation into a tech-enabled apparel platform and driving greater operating leverage
SHAREHOLDER RETURNS
- Interim dividend maintained at HK3.0 cents per share, reflecting confidence in cash generation
HONG KONG SAR – Media OutReach Newswire – 13 July 2026 – Lever Style Corporation (HKEX: 1346, “Lever Style”), the world’s premier apparel production platform, today reported financial results for the six months ended 30 June 2026.
For the first half of 2026, Lever Style recorded a return to top-line growth. Following a defensive strategy in 2025 aimed at managing credit risk, the Group recorded total revenue of US$113.2 million, representing a 23.8% increase compared to the same period last year. “This revenue expansion was driven by the 2 January 2026 acquisition of the AAG business, which has now been integrated into our operating platform, providing a broader foundation for our growth trajectory.” said William Tan, CEO of Lever Style.
Navigating Integration for Long-Term Value
“While revenue expanded substantially, net profit for the period grew to US$5.4 million, representing a by 1.8% increase, compared to the first half of 2025. This short-term pressure on our bottom line reflects one-off, upfront integration costs. These primarily included temporary staff duplication costs as we merged workflows, systems, and personnel. We regard these transitional costs as necessary investments to secure the structural, long-term profitability of the acquired business.” Mr. Tan added.
With the integration phase now largely completed, the group’s cost structure is better optimized, and the group will enjoy the operating leverage that enhanced scale provides.
Strategic Technology & In-House AI Solutions
The group’s platform-based strategy continues to progress, converting its operational capabilities from a traditional apparel supplier into a tech-enabled enterprise. During the period under review, Lever Style successfully developed and deployed its own PLM system, among other solutions. These internal enterprise systems are designed to enhance workflow transparency, accelerate speed-to-market, and reduce waste across the group’s asset-light supply chain.
Capitalizing on its expanding internal R&D capabilities, the group has also customized AI solutions to fit its specific business model. Rather than relying on generic off-the-shelf software, these proprietary tools support day-to-day merchandiser productivity and factory coordination, reinforcing Lever Style’s long-term competitive advantage.
Market Outlook: Premium Resilience in a K-Shaped Economy
“The US market—our primary market—has proven surprisingly resilient through the first half of 2026. However, underneath the headline figures lies a visible ‘K-shaped’ economic split: a highly promotional and pressured middle market where retail liquidity remains tight and consumers are value-sensitive, and a premium/affluent tier of high-income consumers whose discretionary spending remains relatively stable, sustaining steady demand for premium products and services.” Stanley Szeto, Executive Chairman of Lever Style, commented.
Lever Style remains largely insulated from mass-market volatility due to its focus on upscale designers and premium fashion brands. Because the group’s brand portfolio aligns with this more resilient premium sector of the market, it remains well-positioned to navigate current economic conditions.
Future Prospects & Financial Synergies
Looking toward the second half of 2026 and into 2027, the group’s strategic roadmap focuses on three primary operational and financial levers:
- AAG Bottom-Line Contribution: With major integration headwinds resolved, the AAG activewear business is expected to start contributing to the bottom line in H2 2026, with net profit margins of this business targeted to improve steadily, with the aim of approaching the margin profile of Lever Style’s legacy business in 2027.
- Targeting Operating Leverage: As expanded volume is funneled through the group’s upgraded digital platform, Lever Style is targeting synergies from operating leverage across its vendor network, allowing fixed overheads to be managed more efficiently.
- Pursuing M&A Opportunities: By integrating the AAG business, Lever Style has demonstrated the scalability of its own platform. Consequently, the group remains active in evaluating a pipeline of further value-accretive acquisitions to expand its product capabilities and geographical production footprint.
“The Group has completed the primary phases of integration, upgraded its technology base, and remains aligned with the more resilient segments of consumer demand. The Board remains confident in our underlying business model and our ability to deliver long-term value to shareholders.” Mr. Szeto concluded.
For more details, please visit: https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0713/2026071300602.pdf
Hashtag: #LeverStyle
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The issuer is solely responsible for the content of this announcement.
Lever Style Corporation
Listed on the Hong Kong Stock Exchange, Lever Style (HKEX 1346) is the world’s premier apparel production platform for premium contemporary and designer brands such as Alexander Wang, Theory, Todd Snyder, and Aimé Leon Dore; active and performance brands such as Arc’teryx, Columbia Sportswear, Helly Hansen, Spanx, Skims, and J.Lindeberg; and digitally native brands and platforms such as Mizzen+ Main and Bonobos.
Our supply chain solutions encompass fashion design, prototype development, raw material procurement, production, quality control, and logistics. Our innovative, modularized multi-country platform delivers high-mix, low-volume orders and reduces excess inventory and stockouts. Our versatile approach is rooted in decades of technical expertise gained from working with many of the world’s highest-quality and most demanding brands. We support production for 175 brands through a network of more than 150 factories across eight countries: Vietnam, China, Indonesia, Bangladesh, Cambodia, Sri Lanka, India and Thailand. A certified B Corp, Lever Style is a committed ESG leader in the apparel production sector.
Media OutReach
The Changsha Jiandu Museum launches its Digital Exhibition Hall, Allowing Visitors from All Over the World to Adopt Digital Collections with One Click
https://youtube.com/shorts/-fteWwIeVYs?is=NawE8eX4W-Ww43ol
In 1996, more than 100,000 bamboo and wooden slips from the Kingdom of Wu during the Three Kingdoms period were unearthed from an ancient well at Zoumalou in Changsha, filling a gap in historical records on local society during the Three Kingdoms period. On November 8, 2007, the Changsha Jiandu Museum officially opened to the public. To meet the needs of history and culture enthusiasts at home and abroad to explore bamboo slips up close, Changsha Evening News has developed and launched the Digital Bamboo Slips Exhibition Hall. Powered by digital technologies, the exhibition hall breaks the limitations of traditional physical exhibitions and creates an online museum space that remains open 24/7. It provides global audiences with a new, barrier-free way to appreciate and explore bamboo slips dating back thousands of years.
Integrating cutting-edge digital technologies such as XR and AI, the exhibition hall brings together multiple sections, including the digital exhibition hall, digital collections, panoramic virtual tours, historical neighborhood tours of ancient Changsha, and interactive bamboo slips games. Through an innovative “culture + technology” approach, it explores new pathways for the global communication of museum culture, allowing Three Kingdoms-era bamboo slips that have remained hidden for millennia to transcend geographical and physical exhibition constraints and open a window for people around the world to better understand Chinese history and culture.
Digital collections are a highlight of the online exhibition hall. Visitors can zoom in and out with simple gestures to examine the complete forms and details of bamboo slips in high definition. Through the integrated panoramic tour function, they can enjoy an immersive virtual visit to all exhibition halls of the Changsha Jiandu Museum, while also exploring landmark sites such as Tianxin Pavilion, the ancient city wall, and Baisha Ancient Well. With just one click, visitors can embark on a journey through the historical and cultural neighborhoods themed around bamboo slips. The smart guide system breaks down language barriers by providing multilingual interpretation services in Chinese, English, Japanese, Korean, Arabic, and French for visitors worldwide. Visitors can also take part in engaging interactive experiences, such as assembling bamboo slips and other activities.
Alongside the launch of the Digital Bamboo Slips Exhibition Hall, the Global Digital Bamboo Slips Collection Adoption Program was officially unveiled. By logging into the online exhibition hall, visitors at home and abroad can browse digital collections and create their own personalized digital collections with a single click. They can also share them instantly on major global social media platforms, providing a new model for the international digital dissemination of Changsha’s museum culture.
A representative of the Changsha Jiandu Museum said that, after three decades of cultural accumulation and research, the bamboo slips unearthed from the Zoumalou Site are now embracing new possibilities through digital dissemination, opening up a broader path for the innovative utilization of cultural heritage. Through this initiative, the Three Kingdoms-era bamboo slips preserved in Changsha will reach Chinese culture enthusiasts around the world, using digital museum platforms to tell compelling stories of China that are authentic, engaging and inspiring.
Hashtag: #ChangshaJianduMuseum
The issuer is solely responsible for the content of this announcement.
