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GUANGZHOU, China, March 7, 2025 /PRNewswire/ -- On the afternoon of March 6, 2025, the Guangdong Delegation to the third session of the 14th National People's Congress convened a plenary meeting, drawing 267 journalists from 107 domestic and international media organizations. During the Q&A session, reporters were invited to engage with Guangdong's leadership. Provincial Party Secretary Huang Kunming, Governor Wang Weizhong, and other delegates answered their questions, offering diverse perspectives on Guangdong's latest advancements and breakthroughs in pursuing Chinese modernization, as well as its ongoing initiatives. Huang Chuping, Director of the Standing Committee of the Guangdong Provincial People's Congress, presided over the event. A plenary meeting of the Guangdong Delegation to the Third Session of the 14th National People’s Congress takes place on the afternoon of March 6, drawing 267 journalists from 107 domestic and international media organizations. A reporter from South China Morning Post inquired: "As a leading economic province and manufacturing powerhouse, what is Guangdong's strategy for building a modern industrial system, and what key priorities will guide your next steps?" Huang Kunming responded that Guangdong will spearhead the integration of scientific and technological innovation with industrial innovation. This will involve constructing a robust and modern industrial system, enabling the province to fulfill its responsibility as a major economic engine and lead the way in advancing Chinese modernization. He emphasized that Guangdong's continuously evolving industrial system facilitates significant advancements in productivity, solidifying its position as China's top economic province and a crucial global manufacturing hub. He noted that Guangdong has a vast and comprehensive industrial base, encompassing all 31 major manufacturing categories and housing nine industrial clusters, each exceeding 1 trillion yuan ($138 billion) in value. Furthermore, Guangdong's strength in innovation and robust infrastructure, coupled with its specialized workforce and diverse application scenarios, ensure the rapid translation of research findings and innovative concepts into superior products and services. In 2024, Guangdong's total import and export volume reached 9 trillion yuan ($1.2 trillion), further underscoring the benefits of its opening-up policy. He also highlighted the launch of the Action Plan for Attracting a Million Talents to South Guangdong, aimed at recruiting 1 million college graduates to work and start businesses within the province. A reporter from Macao Daily News then asked, "What are Guangdong's plans and initiatives for collaborating with Hong Kong and Macao to further develop the Greater Bay Area?" Wang Weizhong responded by highlighting the region's economic significance: despite occupying less than 1 percent of China's land and housing only 6 percent of its population, the Greater Bay Area generates one-ninth of the nation's GDP. Last year, the area's GDP reached 14.5 trillion yuan ($2 trillion), a substantial increase of 3.7 trillion yuan ($511 billion) compared to 2018, prior to the official unveiling of the development outline for the area in early 2019. He further emphasized Hengqin's crucial role as a platform for diversifying Macao's economy. From 2009 to 2024, Hengqin's GDP surged from 285 million yuan ($39 million) to 53.8 billion yuan ($7.4 billion), reflecting an impressive average annual growth rate of 27.4 percent. During the same period, the number of Macao-funded enterprises increased more than 400-fold in Hengqin. Currently, "four-new" industries (new materials, new energy, new equipment, and new medicine) account for 59.4 percent of Hengqin's industrial added value.Wang emphasized that Guangdong will support Hong Kong and Macao in deepening their integration into China's broader national development strategy. The "Open Day" format offers delegations a valuable platform to showcase their region's economic and social progress to the world. As China's leading economic province, Guangdong naturally attracted considerable attention. By embracing transparency and demonstrating an open, confident, and responsible approach, the Guangdong delegation made a lasting positive impression on the media representatives.
GOTHENBURG, Sweden, March 7, 2025 /PRNewswire/ -- AB SKF has today published its Annual and Sustainability Report 2024 on the Group's website. The Report focuses on SKF's value creation activities for customers, shareholders, and other stakeholders by outlining the Group's strategic transformation, operational progress and financial performance. Major updates include a revised Remuneration Report for increased transparency and an extended Sustainability Report. "Also in 2024, we diligently executed on our strategy to further strengthen us as a company. The initiated process to establish Automotive as an independent business is one key example of these value-adding activities. I firmly believe that we today are in a better position to capitalize on profitable growth opportunities as demand recovers," says Rickard Gustafson, President and CEO. The Annual and Sustainability Report also highlights the progress towards SKF's 2030 decarbonization target of a 95% reduction in scope 1 and 2 emissions from a 2019 baseline. In 2024, a 59% reduction was achieved, which is well ahead of the verified Science Based Targets initiative (SBTi) trajectory of a 43% reduction. SKF accelerated its decarbonization efforts in 2024 by achieving a year-on-year emission reduction for scope 1 and 2 emissions of 32%, up from 18% in the previous year. In addition to these efforts, SKF has made significant strides in renewable energy adoption. In 2024, 72% of SKF's electricity use came from renewable sources, up from 64% in 2023. This is also important progress on SKF's commitment as part of the Renewable Energy 100 (RE100) initiative to source 100% of its electricity from renewable sources by 2030. "The progress we made in 2024 represents a significant achievement and underscores our commitment to achieve our long-term sustainability goals. These, and other achievements, would not have been possible without the hard work and dedication throughout the year from our employees all over the SKF world," says Rickard Gustafson. The SKF Annual and Sustainability Report is available for download on https://investors.skf.com. Aktiebolaget SKF(publ) AB SKF is obliged to make this Annual Report public pursuant to the Securities Markets Act. The report was submitted for publication through the agency of the contact person set out below on 7 March 2025 at 13.00 CET. Gothenburg, 7 March 2025 For further information, please contact:Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.com Investor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908 072; sophie.arnius@skf.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/skf/r/skf-annual-report-2024-published-online--significant-decarbonization-milestone-reached,c4115866 The following files are available for download: https://mb.cision.com/Main/637/4115866/3306976.pdf SKF_ASR_2024_ENG https://mb.cision.com/Main/637/4115866/3306977.zip skf-2024-12-31-0-en.zip https://news.cision.com/skf/i/skf-1441494-framsida,c3384690 SKF-1441494 framsida https://news.cision.com/skf/i/skf--47a6381-2,c3384688 SKF- 47A6381 2 https://news.cision.com/skf/i/skf--47a5626-rg,c3384689 SKF- 47A5626 RG https://mb.cision.com/Public/637/4115866/800d081206644e26.pdf 20250307 SKF Annual Report 2024 published online significant decarbonization milestone reached
XUZHOU, China, March 7, 2025 /PRNewswire/ -- On the occasion of 2025 International Women's Day, themed "For ALL women and girls: Rights. Equality. Empowerment," XCMG Machinery ("XCMG", SHE: 000425) is sharing inspirational stories of female employees around the world to honor and uplift the women and girls in a male-dominated industry who are breaking the gender gap with outstanding achievements and pioneering spirit. IWD 2025: XCMG Celebrates Inspirational Stories of She Heroes, Confronts Gender Gap to Break Boundary Işil Kanyilmaz, a marketing manager for XCMG Turkey, has seen the growth of a small team to a full corporation and many employees in the past three years. She noted that there are particular difficulties faced by women in the construction and machinery industries. "My journey in XCMG has been a journey of resiliency, determination, and growth, from breaking stereotypes to navigating male-dominated work environments. Nevertheless, witnessing the influence and contributions we can make in this ever-evolving field is also immensely satisfying. I encourage all young women who aspire to work in industries that are predominately male to pursue their dreams and not to be afraid to do so," she shared. A milestone moment for XCMG Turkey was the debut at Komatek 2024 tradeshow. Kanyilmaz and her team prepared for the event for over nine months and the immense success has set a new benchmark for excellence. She encourages females in the industry to have faith in their skills and know that they are capable of breaking through obstacles and having a big influence. Karen Souza has been with XCMG Brazil for more than three years. She started as a commercial analyst and now is an international business analyst responsible for managing exports from Brazil to Chile, Colombia, Guyana and the U.S. She won the top 30 employees award in 2023 for managing the company's record exports. "Working with another culture is extremely challenging, starting with the language, so it was very rewarding for me to be able to improve my English communication. It also opened doors for me to participate in XCMG Apprentice Season 9 and Global Training. Being able to visit China delighted me with the hospitality of the Chinese people and I was amazed by the technology of XCMG's factories," said Souza. Angela Gustiwong is a marketing insight specialist at XCMG Indonesia who joined in July 2024. She participated in the XCMG Apprentice Season 9 and remarked that beyond the technical knowledge and understanding of XCMG's products and technologies, the program provided a unique cultural and professional exchange. "At XCMG, we recognize the invaluable contributions of our female employees and are committed to fostering an inclusive and empowering work environment," said Gustiwong. " XCMG maintains a high standard of professionalism, regardless of cultural differences. Whether in China, Indonesia, or any other country, employees are expected to communicate clearly, collaborate effectively, and uphold a strong work ethic." Committed to celebrating diversity, encouraging collaboration and embracing different cultural perspectives, XCMG continues to lead the industry with innovation, efficiency, and global unity.
BARCELONA, Spain, March 6, 2025 /PRNewswire/ -- TCL, a pioneer in display across feature-rich smartphones, tablets, and connected devices, stands as a strategic partner, not merely a technology provider, driving the future of connectivity. As the third-largest global player in Mobile Broadband (MBB), TCL leads telecom innovation, sustainability, and global collaboration. At MWC 2025, TCL will reinforce its leadership in Fixed Wireless Access (FWA), MBB, Fixed Broadband（FBB）and wearables, empowering operators to deliver fast, reliable, and future-ready networks in a digital-first world. Jesse Wu, General Manager of the Smart Connected Device BU at TCL Q1: How does TCL differentiate itself as a telecom partner, beyond its consumer electronics presence? TCL's expertise extends far beyond consumer electronics. As a global leader in MBB, TCL has been a trusted long-term partner for over 150 telecom operators in the past 16 years. We provide full-scenario broadband connectivity products and solutions for operator customers, including FWA, MBB, FBB and wearables. With well-established worldwide manufacturing capacity, TCL ensures reliable and timely supply, safeguards uninterrupted customer services, and integrates sustainability-focused solutions that align with telecom industry's growing demand for eco-friendly operations. Our solutions prioritize robust network security and privacy safeguards, designed to meet the stringent requirements of operators' security certifications. By combining its deep expertise in connectivity with advanced knowledge of smart devices, TCL empowers telecom operators with a holistic, scalable, and future-proof ecosystem. Q2: What groundbreaking innovations is TCL unveiling at MWC 2025? We infuse our product family with a fresh, nature-inspired aesthetic, enhancing users' lives with a natural and comfortable experience. Our latest product lineup embodies a commitment to sustainability, innovation, and user-centric design to ensure minimal environmental impact featuring casings made from 95% PCR or 40% bio-based materials, along with recycled metal components and modular design that is easy to recover and refurbish. Innovation takes center stage with our Next-Gen 5G AI CPE, equipped with End-to-End AI QoS and AI ECO Mode, significantly boosting overall efficiency, bringing smarter connections for better network experience. Additionally, following the debut of the TCL LINKPORT IK511, the first commercially available 5G RedCap device in North America, we are advancing 5G RedCap innovation to boost deployment of lightweight 5G networks and provide groundbreaking connectivity solutions. These innovations solidify TCL's position as a trusted 5G technology partner, empowering telecom operators to elevate speeds, optimize efficiency, and integrate sustainability into their connectivity solutions. Q3: What benefits does TCL's FBB+ FWA strategy offer telecom operators? TCL's fiber-supported FWA solution combines the reliability of fiber with the flexibility of FWA, expanding network reach and boosting performance. It provides operators with a broadband connection solution that is stable, secure, highly flexible, and intelligent. This approach improves overall user satisfaction, minimizes operational expenditure (OPEX). This fully integrated ecosystem enables telecom operators to scale their networks efficiently while ensuring top-tier service for end users. Q4: How is TCL leading in 5G RedCap, and why is it critical for the future? 5G RedCap is revolutionizing low-power, cost-efficient connectivity. Thanks to the latest advancements, 5G RedCap technology will lead to faster democratization of 5G networks for everyone. TCL has been driving this revolution with the launch of the TCL LINKPORT IK511 since last year. As a future - proof tech, 5G RedCap will evolve in sync with 5G and the smart IoT. Therefore, TCL's product portfolio is expected to grow from 5G RedCap dongles to CPE, MiFi and smartwatches, also for some critical applications such as emergency response and industrial AR. TCL's RedCap-enabled devices and network solutions enable operators to scale 5G use cases rapidly and efficiently and explore new business opportunities. Globally, 5G RedCap deployment is advancing rapidly, with China, the US, and the Gulf area already offering services, while the EU, Australia, and Japan are in pre-commercial trials. Mass implementation is expected by 2026, bringing its benefits to a wider audience. Between 2024 and 2026, 5G RedCap is set for explosive growth, with device shipments across MBB, wearables, and industrial IoT rising from 1 million to 10 million. TCL's leadership in RedCap technology positions it as a key player in shaping the future of connectivity. Q5: Sustainability is a key priority. How is TCL addressing this in its telecom solutions? TCL embeds sustainability in its telecom innovations, minimizing the environmental impact of products across their lifecycle—from raw materials and design to production, usage, and recycling. Utilizing up to 40% bio-based and 95% post-consumer recycled plastics, soy-based inks, recycled paper, recycled metals for components, and adopting plastic-free and halogen-free designs, TCL also employs a modular architecture for easier recovery and refurbishment. The dedicated ECO Mode increases energy savings by cutting power consumption, while the AI CPE boosts efficiency through network optimization, and Firmware Over-The-Air (FOTA) guarantees ensure long-term updates to enhance device performance. We have proudly achieved significant certifications a Gold Medal from EcoVadis, placing us in the top 2% of companies and top 1% in telecom product manufacturers assessed globally for environmental, social, and governance (ESG) performance, ensuring responsible, eco-friendly manufacturing and up-to-date compliance using green and clean energy, resulting in reduced environmental pollution. This enables telecom operators to meet energy efficiency and environmental goals while expanding their networks. Q6: How does TCL's vision of connectivity benefit telecom operators and end-users alike? Aligned with its vision of "Connect the Unconnected, Inspire Smarter Connections." in connectivity, TCL is committed to bridging digital divides and enabling smarter, more inclusive connectivity for all. TCL's comprehensive solutions offer enhanced network reliability, providing customers and users with a widely covered, secure network featuring reliable, green and blazing-fast 5G speeds. The adoption of ECO design across the product lifecycle contributes to a greener environment. With optimized energy efficiency and operational costs through AI-powered solutions, carbon footprints are gradually being reduced. TCL's commitment to performance, scalability, and sustainability equips telecom operators with the tools they need to deliver world-class, future-proof connectivity experiences for end users. TCL MWC 2025 - Digital Press Kit About TCL Mobile TCL Mobile specializes in the research, development and manufacturing of smartphones, tablets and connected devices. On a mission to deliver 5G for all, TCL Mobile helps its customers 'Inspire Greatness' in their lives through industry leading technology and solutions. For more information on TCL mobile devices, please visit: https://www.tcl.com/global/en/mobile About TCL TCL Electronics specializes in the research, development and manufacturing of consumer electronics including TVs, mobile phones, audio devices, smart home products and appliances. Combining thoughtful design and innovative technology to inspire greatness, our lineup delivers must-have features and meaningful experiences. As one of the world's largest consumer electronics brands, our vertically integrated supply chain, and state-of-the-art display panel factory help TCL deliver innovation for all. For more information, please visit: https://www.tcl.com TCL is a registered trademark of TCL Corporation. All other trademarks are the property of their respective owners.
VANCOUVER, BRITISH COLUMBIA - Newsfile Corp. - 5 March 2025 - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company" or "Doubleview") is pleased to announce that it has received a Statement of Interest from Her Excellency Sheikha Sara Nasser Al-Thani CEO of Qmission W.L.L. for the Company's Polymetallic HAT Porphyry Deposit, located in northwestern British Columbia, Canada. Her Excellency and Doubleview have entered into an Emissary Agreement to build and foster a potential collaboration with the State of Qatar by way of the Qatar Investment Authority ("QIA") as well as other Arab countries who are seeking to expand business relations, particularly investments in unique and critical mineral deposits that can deliver the resources needed for a sustainable future. Sheikha Sara Nasser Al-Thani is personally involved in seeking business opportunities and building strategic collaborations between different business sectors through her company Qmission that will benefit all parties involved. The Middle Eastern country of Qatar is known for its wealth of natural resources, mainly natural gas (LNG) and oil. In 2005, the Qatar Investment Authority ("QIA") was established. It is the nation's sovereign wealth fund, renowned for its focus on exceptional, one-of-a-kind investments spanning all major global markets, asset classes, sectors and geographies. Her Excellency noted, "This opportunity extends beyond the oil and gas sector and holds significant potential benefits for Qatar. QMISSION's focus is to explore diverse sectors, continuously seeking avenues for growth and innovation. Inspired by the words from the Emir of Qatar, His Royal Highness Sheikh Tamim bin Hamad Al Thani, 'Qatar deserves the best from its citizens,' we remain committed to identifying groundbreaking prospects. Doubleview Gold and its HAT Deposit, with its abundance of copper, gold, cobalt and scandium, represents a golden opportunity in the mining industry." Farshad Shirvani, president & CEO states: "QIA's vision corresponds perfectly with the Hat Project's potential significance on the global stage, due to the deposit's unique variety of critical minerals - copper, cobalt and scandium, in addition to gold and silver - and its size, which sets it apart. This presents a unique investment opportunity. I am honored to have Her Excellency Sheikha Sara Nasser Al Thani as an ally in our mission to develop this deposit and to share my vision with her." The Hat Project features a significant and unique combination of critical metals, including scandium, copper, and gold, among other valuable resources. The Hat Deposit's 2024 maiden resource estimate ("HAT MRE 1.0") reported the following commodities in both indicated and inferred categories, at a cut-off grade of 0.2% copper equivalent ("CuEq"*): Gold: 929k ounces (indicated), 2.328 million ounces (inferred) Copper: 733 million pounds (indicated), 1.945 billion pounds (inferred) Silver: 2.045 million ounces (indicated), 7.575 million ounces (inferred) Cobalt: 28 million pounds (indicated), 91 million pounds (inferred) Scandium: The scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3. Note: For further details, please refer to the Company's July 25, 2024, news release. An update to the Company's Maiden Resource Estimate ("HAT MRE 2.0") is expected to be published in Q2, 2025. It will include more than 10,000 meters of additional drill hole information and will be used as part of the Preliminary Economic Assessment ("HAT PEA") concurrently being completed. Updated Scandium metallurgy studies are underway which will be included in the HAT MRE 2.0 and HAT PEA once concluded. * - Copper Equivalent (CuEq) currently does not include the Scandium. - Metal equivalents should not be relied upon for future evaluations. - Parameters used to calculate Copper Equivalent: Au price (US$/oz): 1900; Ag price (US$/oz): 24; Cu price (US$/lb): 4; Co price (US$/lb): 22. Au recovery: 89.0%; Ag recovery: 68.0%; Cu recovery: 84.0%; Co recovery: 78.0%. * Copper Equivalent Calculation CuEq in % = ([Ag grade in ppm] *24*0.68/31.1035 + [Au grade in ppm] *1900*.89/31.1035 + 0.0001* [Co grade in ppm] *22*0.78*22.0462 + 0.0001* [Cu grade in ppm] *4*0.84*22.0462)/(4*22.0462*0.84). Doubleview maintains a website at www.doubleview.ca. Qualified Persons: Erik Ostensoe, P. Geo., a consulting geologist, and Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, and approved the technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company. The issuer is solely responsible for the content of this announcement.About Doubleview Gold Corp.A mineral resource exploration and development company is headquartered in Vancouver, British Columbia, Canada. It is publicly traded on the TSX-Venture Exchange (TSXV: DBG), (OTCQB: DBLVF), (WKN: LA1W038), and (FSE: 1D4). Doubleview focuses on identifying, acquiring, and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium, and silver projects-collectively critical minerals-utilizing cutting-edge exploration techniques. Doubleview's success is deeply rooted in the unwavering support of its long-term shareholders, supporters, and institutional investors. Their ongoing commitment has been instrumental in advancing the company's strategic initiatives. Doubleview looks forward to further collaborative growth and development, and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector. About the Hat Polymetallic DepositThe Hat Deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt, and the potential for scandium. As one of the region's significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2% CuEq cut-off resource estimate, as of the recently completed Mineral Resource Estimate and the Company's July 25, 2024, news release, is summarized below: Average Grade Metal Content Open Pit Model Hat Resource Category Tonnage CuEq Cu Co Au Ag CuEq Cu Co Au Ag Mt % % % g/t g/t million lb million lb million lb thousand oz thousand oz In Pit Indicated 150 0.408 0.221 0.008 0.19 0.42 1,353 733 28 929 2,045 Inferred 477 0.344 0.185 0.009 0.15 0.49 3,619 1,945 91 2,328 7,575 Scandium potential for the Hat Deposit is estimated to be 300 to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3. For further details, please refer to the Company's July 25, 2024 news release. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Strengthening Vietnam-Singapore Financial Ties: Unlocking New Investment Opportunities in Banking, Fintech, and Green FinanceSINGAPORE - Media OutReach Newswire - 5 March 2025 - The Da Nang Investment Forum 2025, held on 3 March 2025 at The Ritz-Carlton, Millenia Singapore, underscored Vietnam's strategic ambition to position itself as a key financial hub in Southeast Asia and commitment to regulatory innovation and international collaboration. Organised by the People's Committee of Da Nang City in collaboration with Terne Holdings, the forum brought together close to 200 government leaders, global investors, and financial experts to explore the city's transformation into a dynamic financial center and the opportunities it presents for Singapore international investors. Pictured: H.E. Nguyen Van Quang, Secretary of the Da Nang Municipal Party Committee giving his, Opening Remarks at The Da Nang Investment Forum 2025 The forum, a key highlight of Da Nang's high-level delegation visit to Singapore, was officiated by H.E. Mr. Nguyen Van Quang, Secretary of the Da Nang Municipal Party Committee and Head of the National Assembly Delegation of Da Nang City, alongside H.E. Tran Phuoc Anh, Ambassador of Vietnam to Singapore. Ambassador Tran Phuoc Anh delivered the opening remarks, setting the stage for discussions on Da Nang's economic development, investment-friendly policies, and its role in Vietnam's broader financial growth strategy. Moderated by Dr. Chua Hak Bin, Co-Head of Macro Research at Maybank, the forum featured an interactive dialogue with Da Nang's leadership, offering firsthand insights into the city's dynamic investment climate and ambitious future. Positioning Da Nang as Vietnam's Next Economic Powerhouse As one of Vietnam's six centrally governed cities, Da Nang is emerging as a key regional growth hub, driven by world-class infrastructure, innovation-driven industries, and progressive economic policies. The city has identified two key drivers for future development: the Da Nang International Financial Centre and the Da Nang Free Trade Zone. Strategically positioned at the crossroads of major ASEAN economies, Da Nang plays a vital role in the economic, political, and national defense landscape of both the Central region and Vietnam. With a strong regulatory framework and significant infrastructure investments, the city aims to attract financial institutions, asset managers, and fintech firms looking to expand into the ASEAN market. "Da Nang is rapidly developing and actively embracing scientific advancements to drive its growth. As Vietnam pursues its ambition of becoming an international financial center in Southeast Asia, Da Nang plays a crucial role in realizing this vision by creating value-driven opportunities in the financial sector. shared in the welcome remarks of H.E. Tran Phuoc Anh, Ambassador of Vietnam to Singapore. "Singapore, already one of Vietnam's largest investors, is poised to strengthen its economic ties further. With a commitment to increasing bilateral trade by 10% annually, both nations are working towards reaching a trade volume of over $31 billion, solidifying their strategic economic partnership." Several key advantages bolster Da Nang's investment appeal: Strategic Connectivity: With direct air links to over 15 countries, a modern international airport, and the upcoming Lien Chieu Port—Vietnam's future global transshipment hub—Da Nang offers seamless access to regional and international markets. Thriving Innovation & high Technology Hub: The city is a leader in high-tech manufacturing, artificial intelligence, blockchain, and semiconductor industries, boasting one of Vietnam's three national high-tech parks. A World-Class Destination for Investment & Living: Recognized by Forbes as one of the world's top beach destinations, Da Nang combines a high-quality urban environment with investor-friendly policies, making it an attractive choice for both businesses and residents. Da Nang International Financial Center (DNIFC): A Regional Financial Hub in the Making Following Politburo approval in November 2024, Da Nang is advancing plans to establish Vietnam's first regional financial center, positioning itself as a key player in the global financial landscape. DNIFC will serve as a strategic hub for: International Trade & Green Finance – Facilitating cross-border investment, sustainable finance, and capital markets to support Vietnam's commitment to responsible economic growth. FinTech & Digital Economy – Providing a regulatory sandbox for blockchain innovations, AI-driven financial services, and digital payments, fostering a dynamic financial technology ecosystem. Commodity Trading Hub – Establishing a structured exchange for agriculture, minerals, and metals, seamlessly integrating with Da Nang's expanding logistics network. Strategically located on a 6.17-hectare prime site, DNIFC will feature luxury office spaces, fintech hubs, and investment support services, with future expansion planned across 62 hectares. This initiative aims to position Da Nang as a premier financial gateway, attracting global investors and reinforcing its role in Vietnam's rapidly evolving financial sector. Mr. Andy Khoo, General Director of Terne Holdings, stated, "Da Nang's strategic location near key trade routes of the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), along with its proximity to Tien Sa and Lien Chieu ports, positions it as a natural hub for trade finance. SMEs in ASEAN, one of the most underserved markets, face an annual unmet trade finance demand of $200 billion. DNIFC can bridge this gap by introducing innovative trade finance solutions and enabling seamless cross-border capital movement. Today's event marks a significant opportunity for Da Nang to capitalise on this potential." Da Nang Free Trade Zone (DNFTZ): A Game-Changer for Vietnam's Trade & Logistics As Vietnam's first pilot Free Trade Zone, DNFTZ is set to accelerate high-value exports, smart logistics, and next-generation manufacturing. The development will feature: Advanced Manufacturing & Supply Chain Hubs: Focused on semiconductors, biotech, medical devices, and renewable energy, positioning Da Nang as a key player in high-value industries. Multimodal Logistics & Global Trade: Seamless integration with Lien Chieu Port and Da Nang Airport, enhancing Vietnam's regional trade links and strengthening supply chain efficiency. Digital Economy & Smart Industries: A specialised ecosystem for AI, cloud computing, e-commerce, and blockchain technologies, driving innovation and economic transformation. With strong government backing and investor-friendly policies, DNIFC and DNFTZ will cement Da Nang's status as a strategic investment gateway, reinforcing its role in the Asia-Pacific economy and solidifying its position as a financial and technological powerhouse in the region. Strengthening Vietnam-Singapore Financial Collaboration The forum also highlighted the growing financial and economic ties between Vietnam and Singapore, reinforced by the recent in-principal agreement to establish a Comprehensive Strategic Partnership. With Singapore serving as a key financial gateway for ASEAN, investors and financial institutions are well-positioned to explore new opportunities in Vietnam's banking, fintech, and green finance sectors. "Vietnam and Singapore share a strong and dynamic financial partnership, built on mutual trust and a shared vision for sustainable economic growth. As Singapore continues to serve as a key financial gateway for ASEAN, enhanced collaboration in banking, fintech, and green finance will unlock new investment opportunities and drive innovation across our financial sectors," H.E. Tran Phuoc Anh further adds. "By deepening our cooperation, we can accelerate Vietnam's financial integration into global markets, strengthen regulatory frameworks, and create a resilient, future-ready financial ecosystem that benefits businesses and investors in both nations." The event successfully reinforced Da Nang's position as a rising financial center and showcased Vietnam's readiness to collaborate with global investors in shaping the next phase of ASEAN's financial evolution. With strong government support and a clear vision for financial sector development, Da Nang is poised to become a strategic investment destination in Asia.Hashtag: #DaNangInvestmentForum The issuer is solely responsible for the content of this announcement.About The Da Nang CityDa Nang, the largest city in Central Vietnam, is one of six centrally governed cities. Da Nang is emerging as a new growth pole in the Central area, serving as the core urban area in the dynamic urban chain of the North Central and Central Coastal regions with a population of 1.3 million people (2024) covering an area of 1,285 km2. Nestled at the crossroads of major economies in the ASEAN region, Da Nang holds a strategically vital position in the economic, political, and national defense landscape of both the Central region and Vietnam as a whole.
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