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SINGAPORE – Media OutReach Newswire – 12 August 2026 – Artificial intelligence is driving one of the largest infrastructure investment cycles in decades, but the rapid global build-out of data centers is also creating a new era of construction, operational, climate and insurance risks, according to the latest Allianz Commercial The data center construction boom: risks and claims trends report. Annual investment in data centers is projected to double from around US$500bn in 2024 to more than US$1trn as early as 2027. The investment opportunity extends far beyond server halls to electricity generation, grid infrastructure, cooling, networking, and semiconductors. According to Allianz Research, the US and China are expected to account for around 62% of new global capacity additions through 2030, but the next wave of investment is becoming increasingly global. In Europe, Germany, the UK and Ireland remain major markets, but faster expansion is expected in Spain, Finland and Denmark, where power availability and permitting conditions can be more favorable. Across Asia Pacific, excluding China, installed capacity is projected to increase from around 9GW today to more than 28GW by 2030, with Malaysia expected to grow more than tenfold.
“AI is turning the latest generation of data centers from a specialist real estate asset into mission-critical infrastructure,” says Thomas Lillelund, CEO of Allianz Commercial. “The scale of investment is extraordinary and, as these centers evolve beyond traditional data storage to high-performance compute demands, success will increasingly depend on resilience: access to power, reliable supply chains, robust construction controls, as well as climate-aware site selection and insurance programs that reflect the true accumulation risk. Indeed, comprehensive insurance cover has become a prerequisite for financing many large-scale AI infrastructure projects.”

Resilience must be central to data center operations
The sector’s biggest constraints are increasingly physical rather than financial. Competitive advantage is increasingly determined by access to electricity, grid connections, permitting, specialized equipment and skilled labor. In the US alone, the construction industry faces a shortage of around 439,000 skilled workers, while an estimated 349,000 additional workers may be needed in 2026. Climate resilience is increasingly a strategic consideration rather than an operational afterthought. Around 79% of global data center capacity is already located in areas exposed to heightened natural catastrophe risk, while 54% is exposed to chronic heat and drought stress. Some of the fastest-growing AI infrastructure markets are also among the most climate-exposed, including Northern Virginia, US, Johor in Malaysia, and Marseille, France. Acute flood, wildfire and wind exposure is highest in the Americas, affecting 86% of capacity, while chronic heat and drought stress is greatest in Asia Pacific, where 89% of capacity is exposed.

Global data center insurance market will more than double by 2030
Insurance is evolving alongside the sector. As data centers assume a more critical role in infrastructure, comprehensive insurance cover has become a prerequisite for financing many large-scale AI infrastructure projects. Construction costs for a single AI campus can exceed US$20bn, with insured values rising substantially once high-performance computing equipment is installed. The global data center insurance market is projected to grow from around US$11bn today to more than US$24bn by 2030, reflecting rapid capacity expansion, rising insured values and increasing operational complexity. Demand is expected to extend beyond traditional property cover towards integrated solutions spanning construction, engineering, property, business interruption, cyber and liability, while also creating new opportunities in areas such as energy resilience, operational continuity, and technology risk.

Risk and claims trends: fire drives severity; water damage frequency
Allianz Commercial analysis of insurance industry data center-related claims shows that fire is the leading driver of loss severity, accounting for well over 50% of around €700mn (US$800mn) worth of losses. Natural catastrophe activity ranks second, followed by willful acts, which include crime and cyber incidents, followed by power failure. Water damage is the most frequent cause of data center claims, followed by willful acts, fire, and equipment breakdown. Business interruption is the primary driver of claims severity by line of insurance, highlighting the significant financial impact of operational downtime.

The data center risk profile is changing as facilities become larger, more complex, and more increasingly interdependent. Hyperscale and colocation of campuses can bring together multiple tenants, construction works, servers, supporting utilities and on-site infrastructure in one physical or operational space. A single event can therefore trigger claims across property, construction, business interruption, liability, cyber, and financial lines. Real-life claims case studies show that in hyperscale facilities, damage to external cooling systems, hot works-related fire damage, and a delay in start-up caused by power disturbances have each resulted in losses in the US$50mn to US$100mn range.

“For insurers, the key question is not only the value of the building, but the concentration of value and dependency inside and around it. Power, cooling, batteries, fiber routes, testing and commissioning, and business continuity planning are all part of the same risk picture. Effective risk mitigation must begin early and continue throughout the data center lifecycle. Resilience must be designed in from the earliest planning stage,” explains Christian Kolbe, Global Head of Construction Claims at Allianz Commercial.

Clarity between policies essential to avoid ambiguity
Data center projects encompass different project phases with several stakeholders and interests involved, which can create complications. During the construction phase, stakeholders include the owner, developer, contractor, and subcontractors, whereas in the operational phase, the stakeholders include the owner-operator, and potentially multiple tenants or end users. For example, different policies could respond to a hot works-related fire resulting in damage to a data center nearing completion, and this would impact different stakeholders.

“Clarity is critical with an insurance claim,” says Charlotte Field, Regional Head of Short-tail Claims, Asia, at Allianz Commercial. “Clearly documented handovers are essential between your construction all-risk policy and operational policy. There must be no ambiguity about practical completion, in order to avoid disputes over which policy responds to a particular event and the extent of cover.”

Hashtag: #AllianzCommercial


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

About Allianz Commercial

Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world’s largest consumer brands, financial institutions and industry players, the global aviation and shipping industry as well as family-owned and medium enterprises which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or film productions. Powered by the employees, , and network of the world’s #1 insurance brand, we work together to help our customers prepare for what’s ahead: They trust us in providing a wide range of traditional and risk transfer solutions, outstanding and services as well as seamless handling. Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either through our own teams or the Allianz Group network and partners. In 2025, the integrated business of Allianz Commercial generated around €17.3 billion in gross premium globally.

US Senator Bernie Sanders has urged OpenAI, Anthropic and Meta to pause the development of advanced artificial intelligence, arguing that emerging evidence of autonomous behaviour and powerful biological capabilities shows existing safety protections may no longer be sufficient. The Vermont senator addressed his demand to OpenAI chief executive Sam Altman, Anthropic chief executive Dario Amodei and Meta chief executive Mark Zuckerberg. Sanders said the companies should honour […]

Nvidia is joining forces with six of the world’s biggest investment groups to mobilise more than $500 billion for artificial intelligence infrastructure, creating financing platforms designed to expand access to the computing capacity underpinning the global AI boom. The chipmaker has signed memorandums of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR. The firms plan to establish independent platforms that will provide dedicated pools of […]

Mark Zuckerberg has laid out his most expansive case yet for putting powerful artificial intelligence into the hands of billions of people, arguing that widely available “personal superintelligence” can improve education, work, healthcare and creativity while preventing control of advanced AI from becoming concentrated among governments and a handful of companies. The Meta chief executive’s essay, titled “The Future is for Everyone”, runs to more than 6,400 […]

Greenlogue/AP A consortium led by EDF power solutions has reached financial close on Oman’s 120-megawatt Jaalan Bani Bu Ali Wind Independent Power Project, clearing a key hurdle for construction and commercial operation targeted for the third quarter of 2027. EDF power solutions is developing the project with Al Khadra Partners, part of the Hind Bahwan Group, and OQ Alternative Energy. The partners secured financing after signing a […]

From outdoor family spaces to cozy interiors and smarter home organization, GARVEE highlights how German households can prepare their living spaces for the seasonal transition.

ONTARIO, CANADA – Media OutReach Newswire – 11 August 2026 – GARVEE, a lifestyle brand offering home, garden and outdoor products, has launched a 10% OFF seasonal promotion while highlighting three key living trends for late summer and early autumn 2026 in Germany. Customers can use the discount code GARVEEDE10 at checkout through December 31, 2026.

Trend 1: The Outdoor Living Room – Relaxation and Family Time in the Garden

Late summer keeps the garden at the heart of family life. Families enjoy sunlight reasonably by using parasols with 360° rotation and stepless tilt adjustments. Paired with ergonomic outdoor furniture, such as rattan egg swing chairs or rocking chairs—patios transform into peaceful sanctuaries.

For young kids, the action stays outdoors as well: rugged kids’ electric ride-ons—ranging from adventurous off-road vehicles to sleek electric sports cars—bring playful driving excitement to lawns and pathways, while parents maintain full control via wireless remote controls.

Trend 2: Cozy Indoor Aesthetics and Hospitable Social Spaces

As autumn brings coolness, life shifts indoors. Compact coffee machines bring an authentic café experience into your kitchen while saving space.

At the same time, flexibility for spontaneous guests takes center stage. 360° swivel bar stools create conversation spots, while space-saving folding chairs offer instant seating that stores away discreetly.

Trend 3: Structuring the Space: Garage, Gardening, and Barrier-Free Mobility

Early autumn is ideal for maintenance and organization. Modular trolley toolboxes with off-road wheels bring order to garages, while heavy-duty, weather-resistant aluminum storage boxes provide thief-resistant security outdoors.

Thoughtful solutions are also emerging in farming and accessibility: 10-compartment galvanized steel chicken nesting boxes with automatic roll-away egg protection simplify poultry care. Meanwhile, non-slip aluminum loading ramps with reflective strips safely bridge steps and trunks for wheelchairs, strollers, and garden carts.

Hashtag: #GARVEE

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

About Garvee

GARVEE is a lifestyle brand dedicated to enhancing everyday life through a diverse catalog of home, garden, and outdoor products. It is committed to providing durable, affordable, and family-friendly solutions that turn every corner of your home into a space where you can truly relax and thrive, making every day feel just a little more effortless.

Arabian Post Staff -Dubai dubizzle Cars has partnered with Al-Futtaim Auto Centers to offer prepaid vehicle maintenance packages to buyers in the UAE, extending the online marketplace’s reach deeper into aftersales services and the wider car-ownership cycle. The agreement gives customers purchasing eligible vehicles through dubizzle Cars access to Al-Futtaim Auto Centers’ servicing network. The offering covers scheduled maintenance by certified technicians, quality parts, mobile servicing and […]

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Hackers penetrated a Polish combined heat and power plant through a private cellular network, manipulating industrial controllers and temporarily halting cogeneration at a facility supplying heat to about 50,000 residents. The attack has exposed a previously undocumented route into critical operational technology systems. The intrusion occurred on December 29, 2025, during a broader campaign against Poland’s energy infrastructure. Investigators have now established that attackers moved from a […]

Amazon is facing a direct challenge to its delivery model in New York City after Mayor Zohran Mamdani threw his support behind legislation that would require operators of last-mile facilities to employ delivery and warehouse workers directly rather than relying on networks of subcontractors. The Delivery Protection Act, sponsored by City Council member Tiffany L. Cabán, would impose a licensing regime on certain warehouses and distribution centres […]

JAKARTA, INDONESIA – Media OutReach Newswire – 11 August 2026 – VinFast continues to strengthen its aftersales network in Indonesia by expanding its Authorized Service Outlet network through partnerships with reputable automotive service providers across the country. The expansion marks another milestone in VinFast’s strategy to develop a comprehensive EV ecosystem in Indonesia, making genuine aftersales services more accessible and convenient for customers while supporting the country’s transition to sustainable mobility.

Representatives of VinFast Indonesia and its partners at the signing ceremony.
Representatives of VinFast Indonesia and its partners at the signing ceremony.

VinFast has signed Memoranda of Understanding (MoUs) with 10 reputable partners across Indonesia, including PT Lampung Auto Mandiri, PT Karoto Seiko Indonesia, CV Agus Lio Ban, CV Family Auto Motor, PT Motoreko Mobilindo, PT Green Mobilitas Indonesia, PT Global Mobil Indonesia, PT Layanan Prima Sejahtera, CV Karya Indah Motor, and PT Prayoga Tangguh Perkasa.

Under the agreements, the partners will join VinFast’s Authorized Service Outlet network to provide vehicle maintenance, general repair, and body repair services in accordance with VinFast’s global standards. They will also distribute genuine VinFast parts and accessories throughout Indonesia.

Pursuant to the agreements, the Authorized Service Outlets will meet VinFast’s stringent requirements for technical capability, facilities, and service quality, while committing to uphold the Company’s core values and brand standards.

The continued expansion of VinFast’s Authorized Service Outlet network enables customers across Indonesia to access genuine aftersales services more conveniently, wherever they are. Supported by VinFast-certified technicians and a reliable supply of genuine parts and accessories, customers can be confident that their vehicles will receive consistent, high-quality care, ensuring safety, reliability, and optimal performance throughout the ownership experience.

To date, VinFast has established a network of more than 100 Authorized Service Outlets across Indonesia. The network extends beyond Greater Jakarta (Jabodetabek) to major cities nationwide, meeting the growing aftersales needs of both individual customers and commercial fleet operators.

Mr. Antonio Zara, Chief Executive Officer of VinFast Southeast Asia, said: “For electric vehicles, a reliable aftersales network is essential to giving customers confidence throughout their ownership journey. The continued expansion of our Authorized Service Outlet network demonstrates VinFast’s long-term commitment to customers in Indonesia. By partnering with experienced and trusted automotive service providers, we aim to deliver international-standard aftersales services that are convenient, efficient, and dependable, giving consumers greater confidence in choosing VinFast electric vehicles.”

The expansion of the Authorized Service Outlet network is a key pillar of VinFast’s strategy to build a comprehensive EV ecosystem in Indonesia. Together with an increasingly diverse product portfolio, a rapidly expanding charging infrastructure, and the continued development of a broader green mobility ecosystem, the nationwide aftersales network will further strengthen VinFast’s ability to provide Indonesian consumers with a convenient, reliable, and sustainable EV ownership experience.

VinFast has also introduced a range of customer-focused initiatives to make EV ownership more accessible and convenient, including its battery subscription program, guaranteed buyback program, and free charging at V-GREEN charging stations through March 31, 2029. Together with its partners across vehicle distribution, financing, charging infrastructure, and aftersales services, VinFast continues to strengthen its integrated EV ecosystem, reaffirming its long-term commitment to accelerating the adoption of electric vehicles in Indonesia.
Hashtag: #VinFast

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

MARA Holdings sold about 23,093 bitcoin for $1.6 billion during the first half of 2026, marking a major reversal from the cryptocurrency miner’s earlier strategy of accumulating and retaining virtually all the bitcoin it produced. The figure, disclosed in the company’s quarterly regulatory filing, represents cumulative sales during the six months ended June 30 rather than a single transaction carried out on Monday. Social-media posts describing the […]

Arabian Post Staff -Dubai Qatari Diar has launched the first phase of its $29.7 billion Alam Al Roum development on Egypt’s North Coast, advancing one of the largest integrated real estate and tourism investments planned along the Mediterranean. Egyptian Prime Minister Mostafa Madbouly attended the launch at the project site alongside senior government officials and Qatari Diar executives. The development is being implemented in partnership with Egypt’s […]

President Donald Trump has ordered a new layer of trade protection for the US solar supply chain, imposing tariffs and minimum import prices designed to favour domestic manufacturing while raising the prospect of higher costs for developers and households adopting solar power. The measures place a 15% tariff on imported polysilicon and products derived from it, alongside minimum prices covering key stages of crystalline-silicon solar manufacturing. The […]

HONG KONG SAR – Media OutReach Newswire – 7 August 2026 – As global higher education evolves rapidly, Central Asian students are increasingly looking beyond traditional Western destinations. For Dulatkhan, a freshman from Uzbekistan, this search for academic rigour led him to The Chinese University of Hong Kong (CUHK) to pursue Information Engineering. Although unconventional for Uzbekistani students, Dulatkhan’s journey highlights how CUHK’s international reputation is reaching new global markets.

Uzbekistani Student Dulatkhan Charts His Future at CUHK
Uzbekistani Student Dulatkhan Charts His Future at CUHK

Hong Kong: A Launchpad for Engineering Ambitions

Choosing a university extends far beyond rankings. Hong Kong’s safety, welcoming environment, blend of cultures and natural landscapes first attracted Dulatkhan. However, it was CUHK’s holistic approach that solidified his choice: combining research excellence with the greenest campus in Hong Kong and a supportive community fostered by its unique collegiate system.

Building Skills Through Hands-On Learning

The Faculty of Engineering at CUHK has developed programmes designed to address the complexities of a technology-driven world. Its “explore first, specialise later” curriculum allowed Dulatkhan to build a strong foundation before focusing on a specific pathway. He has already developed a rock-paper-scissors robot, worked with Linux systems and mastered various programming languages. This practical training is supported by CUHK’s resources for self-driven learning, including comprehensive library facilities and accessible faculty advisors.

Thriving in the CUHK Community

Dulatkhan has immersed himself in campus life, participating in inter-college volleyball and Judo while exploring Hong Kong’s natural beauty through hikes. His passion for community leadership has evolved through his roles as an active member of the International Student Association and External Vice-President for the Central Asian Association. He regularly participates in career workshops, recruitment talks and the International Connection Programme, facilitating his integration into Hong Kong culture.

From CUHK to Hong Kong’s Tech Industry

Looking ahead, Dulatkhan plans to discover his specific research passions and target internships through CUHK’s career portal. His goal is to launch his career within Hong Kong’s technology sector, contributing to leading tech companies in this regional hub.

Programme Details: CUHK’s Information Engineering (IERG) Programme

Established in 1989 as the first of its kind in Hong Kong, CUHK’s IERG programme integrates Computer Science, Electronic Engineering, Data Science, Cybersecurity and Artificial Intelligence. Key highlights include:

  • Multi-Disciplinary Curriculum: Five Streams of Specialisation — Big Data, Telecommunications, Cyber Security, Networked Systems and Information Science.
  • Global Recognition: Ranked 37th globally in Computer Science and Electrical Engineering (QS World Rankings by Subject).
  • Practical Training: Foundational training in Mathematics, Signals, Data Structures and Computer Networks before advancing to specialised subjects.
  • Strong Career Outcomes: Approximately 90% of the programme’s 100 annual graduates secure positions at renowned companies including Deloitte, PwC, HSBC, JP Morgan Chase, Huawei, IBM and Lenovo.

For more information about CUHK’s Information Engineering programme, visit: https://www.ie.cuhk.edu.hk/ier
Hashtag: #CUHK

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

Bitcoin miners are facing an intensifying profitability crisis as the average cost of producing one coin approaches $78,000, leaving about one-fifth of the global mining fleet operating at a loss. Bitcoin was trading near $64,500 on Thursday, roughly 17% below the estimated industry-wide production cost. The gap has persisted for several months, forcing operators to shut down older machines, sell cryptocurrency reserves and redirect capital towards artificial […]

A fire at a workshop in Dubai South damaged several trucks and caravans on Tuesday night before emergency crews brought the blaze under control. No injuries were reported. Dubai Civil Defence teams were dispatched after receiving an alert about the incident, which began inside the workshop and spread to vehicles parked at the site. Firefighters contained the flames and prevented them from reaching adjoining facilities in the […]

Arabian Post Staff -Dubai Abu Dhabi is emerging as one of the best-positioned global centres for low-carbon hydrogen production, processing and export, supported by competitive energy costs, industrial capacity and expanding links to overseas markets. A new assessment by the Abu Dhabi Chamber of Commerce and Industry places the emirate at the forefront of a hydrogen sector that is moving beyond policy pledges towards commercially focused projects. […]

Emerging economies are becoming the EV industry’s fastest-growing markets, creating new opportunities for automakers with an international footprint. VinFast’s latest expansion reflects that shift.

DUBAI, UNITED ARAB EMIRATES – Media OutReach Newswire – 5 August 2026 – For much of the past decade, the global electric vehicle conversation has revolved around three markets: China, the United States, and Europe. But recent industry data suggests the next chapter may be written elsewhere.

In July, VinFast exported more than 5,000 electric vehicles aboard two dedicated vessels.
In July, VinFast exported more than 5,000 electric vehicles aboard two dedicated vessels.

According to the International Energy Agency (IEA), global car sales fell about 5% in the first half of 2026 as economic pressures, fuel price volatility and policy changes weighed on demand in China and the US. Yet electric vehicle sales rebounded strongly in the second quarter, reaching record levels in 50 countries. Markets including Vietnam, India, Australia and South Korea roughly doubled EV sales compared with a year earlier, while more than 90 countries posted year-on-year growth during the first half of the year.

The shift reflects a broader change in where future industry growth is likely to come from. While China remains the world’s largest EV market, the IEA expects sales there to stagnate this year for the first time this decade, even as electric vehicles account for more than 60% of new car sales. Meanwhile, emerging markets are becoming increasingly important, supported by expanding policy incentives, growing charging infrastructure and rising consumer interest.

The agency also notes that China and other emerging economies are expected to account for around 60% of global car demand over the next decade, making success in these markets an increasingly important determinant of future automotive leadership.

VinFast’s latest performance reflects this changing landscape.

The Vietnamese automaker delivered 70,085 electric vehicles globally in the second quarter of 2026, up 96% year-on-year, bringing first-half deliveries to 128,662 vehicles, a 78% increase from the same period last year. The company’s two-wheel business also continued to expand rapidly, with 286,039 electric scooters and e-bikes delivered during the quarter, up 311% year-on-year.

The delivery mix also highlights the importance of products designed for diverse market needs. Models ranging from the compact VF 3 and VF 5 to the Limo Green MPV and the newly introduced VF MPV 7 all contributed meaningfully to second-quarter volumes, suggesting demand is spread across both personal mobility and commercial transportation segments.

Just as significant is where those vehicles are going.

In July, VinFast exported more than 5,000 electric vehicles aboard two dedicated vessels. One shipment, consisting of approximately 1,500 VF 6 SUVs, was designated for partner Green SM’s planned expansion in Europe, while another transported more than 3,500 vehicles to the Philippines and Indonesia. The voyages marked VinFast’s 37th and 38th international export shipments in fewer than four years, underscoring the increasing operational scale behind its global expansion.

VinFast’s effort in international market, including in the Middle East, shows that as growth becomes more geographically diversified, automakers can no longer rely on a handful of mature markets to drive expansion. Instead, success will increasingly depend on building products, distribution networks and operations that can compete across a wide range of emerging economies.

For the global EV industry, the center of gravity is not disappearing from established markets. It is becoming far more distributed. VinFast’s recent momentum suggests that companies positioned across multiple high-growth regions may be among the best placed to benefit from that shift.

Hashtag: #VinFast

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

The Development Bank of Southern Africa has backed a major financing package to rehabilitate and expand Angola’s Lobito railway, strengthening a trade route designed to connect Central Africa’s copper and cobalt-producing regions with Atlantic markets. The bank is providing up to $200 million in senior debt alongside $553 million from the US International Development Finance Corporation. The $753 million package has reached financial close, allowing work to […]

Chinese optical-component shares fell sharply on Wednesday after reports that Washington is preparing restrictions on data-centre equipment from China, raising fresh concerns over access to the world’s largest artificial intelligence infrastructure market.

Zhongji Innolight dropped about 10% in both Shanghai and Hong Kong, while Eoptolink Technology also lost 10%. Suzhou TFC Optical Communication declined roughly 6%. The CSI 300 Telecommunication Services Index fell as much as 9% during early trading before trimming some losses.

The sell-off followed disclosures that the administration of US President Donald Trump is drafting a measure that would bar imports of new Chinese optical transceiver models on national security grounds. The Federal Communications Commission is working on the proposed restrictions and is seeking to publish them before the end of the year.

No final decision has been announced, and the proposed rules could be altered, delayed or abandoned. Neither the White House nor the FCC has publicly detailed the measure.

Optical transceivers are essential components in modern data centres. They convert electrical signals into light and allow vast volumes of information to move at high speed through fibre-optic cables connecting servers, switches and computing clusters.

Demand for the devices has surged as technology groups build larger facilities for training and operating artificial intelligence models. These systems require thousands of advanced processors to communicate rapidly, making optical networking a critical part of the AI supply chain.

Chinese manufacturers have secured a substantial position in the global market by combining high-volume production with competitive pricing. Zhongji Innolight holds an estimated 27% share of the global data-centre transceiver market and is among the leading suppliers of high-speed products used in AI computing systems.

The company derived 62% of its revenue from the United States during the first quarter of 2026. It has previously warned that an escalation in trade tensions could produce a steep decline in earnings or lead to losses.

Eoptolink is similarly exposed, generating about 96% of its sales from overseas markets. TFC Optical also depends heavily on foreign customers, leaving all three companies vulnerable to any restriction affecting shipments to US cloud-computing operators.

The proposed action would mark a further expansion of Washington’s technology controls. Earlier measures concentrated mainly on preventing China from acquiring advanced semiconductors, chipmaking equipment and other technologies with potential military applications.

US policy is now extending towards limiting Chinese companies’ access to the domestic market. The FCC has already imposed or prepared restrictions covering telecommunications equipment, drones, routers, connected power inverters and advanced robots.

Under the plan being considered, the agency could initially prohibit imports of all new optical transceiver models and then grant exemptions to suppliers outside China. Existing devices may remain unaffected, although the scope of any final regulation has yet to be established.

US officials are concerned that foreign-made components embedded in data centres could enable data theft, malware installation or service disruption. Supporters of tighter controls argue that Washington should act before Chinese equipment becomes deeply integrated into critical AI infrastructure.

The approach reflects lessons drawn from Huawei, whose telecommunications equipment became widely installed before security restrictions were introduced. Removing or replacing those systems proved costly and complicated for network operators.

A ban would also create challenges for US cloud-computing companies. Amazon Web Services and other operators may have to shift orders to suppliers such as Coherent and Lumentum, potentially increasing procurement costs and slowing the expansion of data-centre capacity.

Shares of US optical-networking companies rose after details of the proposal emerged. Lumentum gained about 7%, Coherent climbed 11% and Applied Optoelectronics advanced 18%, as investors anticipated greater demand for non-Chinese products.

Industry specialists have cautioned that US suppliers may lack the manufacturing scale required to replace Chinese vendors quickly. Any abrupt change could tighten global supplies of high-speed transceivers at a time when technology groups are spending heavily on AI infrastructure.

Some market analysts also viewed Wednesday’s declines as excessive. They said the proposal could serve as a negotiating tool before an expected visit by Chinese President Xi Jinping to the United States in September.

Trade relations remain shaped by mutual dependence. Washington relies on China for rare-earth minerals used in electronics and optical systems, while Chinese technology companies depend on US customers, processors and specialised equipment.

HANOI, VIETNAM – Media OutReach Newswire – 5 August 2026 – The World Council on City Data (WCCD) has officially awarded Vinhomes Green Paradise – Can Gio the InterimCustom ISO 37122Smart CityCertification. This milestone marks another significant step in Vinhomes Green Paradise’s journey toward becoming the first mega urban development in Vietnam to achieve an internationally recognized smart city certification, setting new benchmarks for sustainable urban development on a global scale.

Vinhomes Green Paradise receives Smart City Certification based on the Global Iso 37122 Standard

The certification recognizes the substantial progress Vinhomes Green Paradise has made in advancing its smart city development in alignment with international standards. WCCD acknowledged that the project has achieved remarkable progress in its design, planning, and development strategy. This WCCD Certification serves as an important foundation for the project as it advances toward Full Certification upon commencement of operations.

The award of the WCCD Interim Custom ISO 37122 Smart City Certification follows a comprehensive assessment conducted by the WCCD and based upon the customized indicators framework WCCD specifically developed for greenfield development projects. The framework incorporates the core principles of ISO 37122, one of the world’s most respected international standards for measuring and evaluating smart city performance.

Dr. Patricia McCarney, President & CEO of the World Council on City Data (WCCD) and Director of Standardized Urban Metrics (SUM), stated: “This WCCD InterimCustom ISO 37122 Smart City Certification recognizes Vinhomes’ long-term vision and commitment to developing a smart, sustainable, and future-ready urban model. The Vinhomes Green Paradise – Can Gio urban development project is now equipped with a powerful baseline of data designed to propel success, providing a strong foundation for year-over-year monitoring of development goals in smart urban governance, infrastructure development, technology adoption and sustainability, ensuring Full ISO 37122 Certification once operations commence. We congratulate Vinhomes on this important certification milestone, a global first, setting a new precedent for greenfield developments in cities worldwide.“

Mr. Chulse Oh, Head of AX Group at Korea Management Association Consultants (KMAC), commented: “The award of the WCCD Interim Custom ISO 37122 Smart City Certification marks an important milestone in realizing the vision of a world-class smart city in Vietnam. KMAC will continue to support the project in developing smart city solutions and implementation strategies and refining the criteria for a comprehensive smart city model during the operational phase.”

In March 2026, Vinhomes Green Paradise officially launched its Smart City Certification Project in partnership with WCCD, SUM, and KMAC. Under the agreed roadmap, the Interim Custom Certification represents the first major milestone in the process of assessing and refining the criteria for a comprehensive smart city model aligned with international standards.

Vinhomes Green Paradise benefits from a unique geographical setting, overlooking the Can Gio Sea and adjacent to the UNESCO-recognized Can Gio Mangrove Biosphere Reserve, which spans over 75,000 hectares. The development features a total area of 2,870 hectares, and a construction density of only 16%. Vinhomes is pioneering the project under its enhanced ESG++ model, structured around five pillars: Environment, Social, Governance, Regeneration, and Climate Adaptation.

Upon full operation, the entire urban management system will be greened, with the goal of utilizing 100% clean electricity generated from renewable energy sources and achieving 100% net-zero emission transportation. In addition to strict compliance with environmental protection standards, the project places a strong emphasis on biodiversity conservation and ecosystem regeneration, aligned with Ho Chi Minh City’s climate adaptation strategy.

To support these efforts, a Forest Regeneration and Climate Adaptation Fund will be established to finance research, restoration, and long-term resilience initiatives. A key focus of the fund is the regeneration of the Can Gio mangrove ecosystem, helping to create a protective green belt for the entire development.

With its pioneering ESG++ vision, Vinhomes Green Paradise has become the first Official Participant in the “7 Wonders of the Future Cities” campaign initiated by New7Wonders.

The award of the WCCD Interim Custom ISO 37122 Smart City Certification further reinforces Vinhomes Green Paradise’s pioneering vision in advancing a smart and sustainable urban model that meets international standards, while progressing toward becoming a benchmark future city for the region and the world.

Hashtag: #Vinhomes

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

About Vinhomes

Vinhomes is Vietnam’s leading real estate investment, development, and management company. It currently operates 32 urban developments while expanding its portfolio of flagship projects across strategically important provinces and cities nationwide. By integrating Environmental, Social, and Governance (ESG) principles with modern, highly connected infrastructure, Vinhomes is creating world-class integrated townships and megacities that are redefining Vietnam’s real estate market, driving sustainable development, and elevating the country’s urban landscape to international standards.

About the World Council on City Data (WCCD):

Established in Canada in 2014, the World Council on City Data (WCCD) is committed to helping cities and communities of all sizes globally embrace ISO standardized, independently verified, and globally comparable city data. The organization facilitates data-driven decision-making processes in management, planning, and investment, enabling cities to become more sustainable, safe, resilient, prosperous, inclusive, and smart.

The WCCD team of professionals spearheaded the development and implementation of three international standards on city data, which have been published by the International Organization for Standardization (ISO) in Geneva. These standards, referred to as the WCCD ISO 37120 Series on City Data, encompass ISO 37120 (Indicators for Sustainable Cities), ISO 37122 (Indicators for Smart Cities), and ISO 37123 (Indicators for Resilient Cities).

Since its inception, the WCCD has been expanding its global network of cities dedicated to high-caliber data. The WCCD collaborates with more than 125 cities across 40 different countries.

About Standardized Urban Metrics (SUM):

Cities worldwide are taking centre stage in the drive toward sustainable development and the prosperity of nations. Standardized Urban Metrics (SUM) is designed to build on the strengths of its rapidly expanding global network of city leaders, senior levels of government officials, private capital market professionals and key international organizations and industry innovators dedicated to securing a better future for cities.

SUM’s service provision spans services connected to the ISO 37120 Series (ISO 37120 – Indicators for City Services and Quality of Life, ISO 37122 – Indicators for Smart Cities and ISO 37123 – Indicators for Resilient Cities) in partnership with the World Council on City Data (WCCD). The SUM team work with city leaders and private developers to customize these ISO certifications for new greenfield developments – new cities, new business districts and new communities.

SUM houses a new global first – the ISO 37125 International Standard on Environmental, Social and Governance (ESG) Indicators for Cities and Regions. The SUM ISO 37125 certification protocol supports cities to report ESG city level data in conformity with the ISO globally standardized definitions and methodologies. SUM’s third-party verification process ensures the highest calibre data for cities across the globe. This Standard provides city leaders, governments, and the private sector with a robust, data-driven framework to guide ESG initiatives, drive infrastructure investment, attract investment, create and implement strategic planning decisions, propel innovation, and ensure socially inclusive planning and management. SUM is welcoming cities to join an exciting global cohort of World Premiere Cities – the first ISO 37125-certified cities.

SUM establishes a global hub for innovative learning partnerships among leaders of cities and private capital markets. Together, SUM and its partners foster innovation, imagine alternative futures, and create more livable cities. Certification by SUM underscores a collective commitment to a sustainable and prosperous future for cities and regions.

For more information, please contact:

Dr. Patricia McCarney
President & CEO, World Council on City Data (WCCD) and
Director, Standardized Urban Metrics (SUM)

About KMAC

Korea Management Association Consultants (KMAC) is one of Asia’s leading management consulting firms, delivering end-to-end capabilities from strategy formulation and transformation design to operational implementation and performance improvement. For decades, KMAC has served as a trusted innovation partner to the Korean government, public institutions, and leading private-sector enterprises, helping shape and execute initiatives that strengthen national competitiveness, modernize industries, and advance digital and AI transformation, sustainability, and organizational excellence. By combining deep sector expertise, rigorous strategic insight, and proven execution capabilities with an extensive regional network, KMAC enables clients to convert ambitious visions into actionable roadmaps, measurable operational outcomes, and sustainable growth across Asia and global markets.

For more information, please contact:

Mr. Young Hwan Park
Team Lead of Asia Business Center,
Korea Management Association Consultants (KMAC)
[email protected]

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