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Local Franchise Model to Enhance Operational Efficiency and Support Sustainable Growth

SINGAPORE – Media OutReach Newswire – 20 August 2026 – International Housewares Retail Company Limited (“IH Retail” or the “Group”, stock code: 1373), the parent company and owner of the “Japan Home” brand in Singapore, is pleased to announce that all “Japan Home” stores in Singapore have resumed operations and are open for business.

Following the completion of the transition arrangements, all relevant stores have reopened on 20 August 2026.

On 13 August 2026, an indirect subsidiary of the Group entered into a three-year master franchise agreement with the Singapore master franchisee, Radha Export Pte. Ltd (“Radha”), the company which is the engine behind the ABC and Valu$ stores in Singapore, and completed the handover of the existing stores on 19 August 2026. The agreement grants the master franchisee the exclusive right to operate the “Japan Home” business in Singapore, including through sub-franchisees, and to establish additional outlets at suitable locations.

Radha combines extensive experience in consumer goods and wholesale distribution with strong local operational expertise and a well-established supply chain network. By leveraging the Radha’s local capabilities, the Group expects to enhance store operating efficiency, improve its responsiveness to market demand and maintain strong brand awareness in Singapore. The local franchise model is also expected to support the continued expansion of the “Japan Home” brand’s reach and influence in Singapore and across the Southeast Asian market over the next three years.

This strategic restructuring represents an important step in optimizing the Group’s regional business structure, improving operational quality and enhancing efficiency. The Group remains confident in the long-term development of the Singapore market and is committed to ensuring customers continue to enjoy shopping at “Japan Home” stores in Singapore.

Hashtag: #JapanHome

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The event was attended by core management of Tesson Holdings : Chairman and Executive Director, Mr. Wei Mingren; Executive Director and Chief Executive Officer, Mr. Li Jingquan; Executive Director, Mr. Li Yang; as well as distinguished guests including Ms. Li Jinying (李錦瑩), President of Logistics Planning Research Institute of CFLP; Mr. Yan An (閆安), President of the Digital Lianli Research Institute of the Jiangxi Centre of the Chinese Academy of Sciences (CAS) (中科院江西中心數字連理研究院); Professor Yu Changyuan, Chairman of Anlaseo Technology; and Dr. Cheng Zhi, Chief Executive Officer of Anlaseo Technology.

Strategic Evolution: From “Battery Manufacturing” to “Smart Energy Operation”

Tesson Holdings has long been engaged in the research, manufacturing and sales of lithium-ion motive batteries. In 2025, the Company launched its Hong Kong-based “photovoltaic storage charging and checking” AI-inspected ultra-fast charging and zero-carbon microgrid asset operation business, completing the acquisition of the assets of seven new energy integrated service stations and marking its first step towards strategic recharge.

Mr. Wei Mingren said that the recharge does not represent a departure from the Company’s existing industrial foundation, but rather based on the company’s past decade of industrial foundation of the system of motive battery manufacturing business, the experience of the operation of charging network in Hong Kong and the capabilties of industrial integration and capital management.”Based on our manufacturing foundation, Tesson Holdings is accelerating its transformation into a smart energy platform operator, enabling every unit of electricity to unleash greater value.”

Mr. Li Jingquan outlined development pathway of the company:”Battery manufacturing → zero-carbon microgrid and energy storage operations → AI-powered electricity trading and carbon-energy asset management platform.”

He noted that Tesson will leverage its “photovoltaic storage charging and checking” microgrid operations as an entry point, collaborate with supply chain partners to develop zero-carbon microgrids and virtual power plants, while strategic upgrade gradually from an energy equipments manufacturer into a smart energy platform operator.

Mr. Li Yang further elaborated on the company’s core competitiveness built around “Data, Intelligence and Electricity”:”Data” represents the credible data base; “Intelligence” represents the AI-driven capabilities of electricity trading; “Electricity” represents capabilities of electrical assets operation.

The Company will expand its regional market presence actively, aim to secure over 10% of regional market share in multiple cities, and building an operating ecosystem servicing up to 10 billion kWh of electricity consumption.

Industrial Opportunities: Policy Support Driving New Energy Infrastructure Development in Mainland China and Hong Kong

Ms. Li Jinying (李錦瑩) noted that China is simultaneously advancing the upgrading and restructure of two major infrastructure networks — the new power system and modern logistics network.

She highlighted that logistics facilities are evolving beyond traditional transportation hubs into important industrial platforms for energy consumption, green transformation and electrical data collection. The cooperative operation of energy flows, logistics flows and data flows is reshaping the pattern of national infrastructure. Tesson Smart Energy timely deploy related industries

Since 2026, the company has entered into strategic cooperation memorandum of understanding with DST Sustainable Technology (Shenzhen) Co., Ltd. (地上鐵綠色科技（深圳）股份有限公司) (DST) and China Railway First Group Co., Ltd respectively. The first pilot project of China Railway First Group, located at car park of Hoi Wang Road in Tsuen Wan, Hong Kong, and will be developed into a zero-carbon integrated facility combining parking, charging and vehicle inspection functions.

Meanwhile, the joint venture company established with DST plans to build 10 more multi-functional battery swapping stations.

The launch event follows the completion of the Company’s financing activity of placing of new shares. With the completion financing activity of placing, strategic launching and industrial partnership signings simultaneously, signaling the new energy strategic of”Tesson Smart Energy”which is driven by “Technology + Industry + Capital” formally set sail.

Strategic Partnerships Covering the Full “Industry–Research–Application” Value Chain

The three strategic partnership signings at the event covering national think tank, research institutions and university spin-offs, surrounding modern power and development of new energy ecosystem, forming a complete layout from strategic planning, technology development and commercial application.

Mr. Wei Mingren said the significance of these signings is not only “plans announcing”, but rather is “in progress and amplifying the outcomes through ecological cooperation”.

The cooperation between Tesson Holdings and Logistics Planning Research Institute of CFLP is particularly crucial. Both parties will establish a joint venture big data operation company in Beijing to formally advance to transport logistics, important scenario of power consumption.

As a national logistics think tank and the Purchasing Managers’ Index (PMI) publishing organization, the Logistics Planning Research Institute of CFLP, both parties will work together to explore the integration path of new and renewable energy power and green logistics, pushing logistics industry to upgrade in the direction of low-carbonization and intelligentization.

Afterwards, Tesson Holdings also signed a strategic cooperation agreement with Zhongke Lianli (中科连理) focusing on development of industrial brain data resource, digitization of logistics hub energy and scenario collaboration of modernized power grid, further improving the capabilities of digitization and intelligentization of new energy industry

Finally, Tesson Holdings entered into a strategic partnership with Hong Kong Polytechnic University Anlaseo Technolgy, which is a startup incubator of Hong Kong Polytechnic University. Anlaseo Technology was also subsidized by the Hong Kong Government’s “Research, Academic and Industry Sectors One-plus Scheme (RAISe+)”.Its intelligent battery sensor system enabling intelligent lifecycle monitoring of batteries through edge computing and AI algorithm, providing the core technological support in the of field of such as electrical safety awareness and smart management. .

Future Outlook: Anchoring the Strategic Position of Smart Energy Platform Operator

With the upgrade of strategy of “Tesson Smart Energy” and the implementation of significant industrial cooperation partnership signings, Tesson Holdings is in the stage of systematically advancing the deployment of new energy ecosystem.

Looking ahead, Tesson Holdings will continue advancing systematic deployment across energy generation, distribution and consumption sectors with core strategic brand of “Tesson Smart Energy”.

Through a dual strategy combining strategic acquisitions and organic development, Tesson Holdings aims to build an integrated new energy ecosystem covering renewable energy generation, energy storage, charging infrastructure, electricity trading and carbon-energy asset management.

Hashtag: #Tesson

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About Tesson Holdings

Tesson Holdings Limited (Stock Code: 01201.HK) is a company listed on Hong Kong Exchanges and Clearing Limited principally engaged in the research, manufacturing and sale of lithium ion motive battery and investment and operation of new energy electric vehicles ultra-fast charging stations

On 10 August 2026, the company formally launches the newest strategic brand “Tesson Smart Energy” accelerate new business innovation such as the deployment of photovoltaic storage charging and checking zero-carbon microgrid, AI-powered electricity trading, operation of carbon-energy assets, transforming into a premier new energy smart electricity platform operator.

Mr Munafò joined Allianz Trade in 2015 as part of the Multinationals team and has spent over a decade shaping the company’s commercial strategy across four regions. Rising through key account management roles spanning MMEA, APAC, and Northern Europe – including his appointment as Regional Account Director for Northern Europe in 2021 – he was named Group Head of Broker Management and Partnerships in 2025, where he was responsible for defining and executing Allianz Trade’s global commercial and distribution strategy and strengthening broker partnerships across multiple regions. Mr Munafò holds an MBA from POLIMI Graduate School of Management (Politecnico di Milano) and a degree in Law from Università Bocconi with a major in Public Sector and Law.

On this appointment, Rodrigo Jimenez, Regional CEO at Allianz Trade in Asia Pacific, says: “Over the past decade, Scott has built extensive experience across various regions, demonstrating a strong track record in growing commercial portfolios, building strategic partnerships, and maintaining exceptional customer retention. His international experience, commercial leadership, and deep understanding of our business make him exceptionally well positioned to lead our China operations. I am confident that, together with the local management team, Scott will successfully drive our growth ambitions and deliver continued success in this important and fast-growing market.”

Mr Munafò remarks: “Allianz Trade has been part of China’s trade story for nearly two decades – built on the strength of our team, our partners, and our customers who have trusted us through every cycle. I am honoured to be entrusted with what so many have built together. My commitment is simple: to keep listening, to keep creating lasting value and to ensure the next chapter sets a new standard.”
Hashtag: #allianztrade #tradecreditinsurance

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About Allianz Trade

Allianz Trade is the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Our proprietary intelligence network is based on instant access to data of 289 million corporates. We give companies the confidence to trade by securing their payments. We compensate your company in the event of a bad debt, but more importantly, we help you avoid bad debt in the first place. Whenever we provide trade credit insurance or other finance solutions, our priority is predictive protection. But, when the unexpected arrives, our AA credit rating means we have the resources, backed by Allianz to provide compensation to maintain your business. Headquartered in Paris, Allianz Trade is present in over 40 countries with 5,900 employees. In 2025, our consolidated turnover was EUR4 billion and insured global business transactions represented EUR1,400 billion in exposure. For more information, please visit allianz-trade.com.

Azad Mirza Nearly six months into the US-Israel war on Iran, the Strait of Hormuz has become less a shipping lane than a rhetorical battlefield. This week that theatre reached a new pitch: Donald Trump posted an AI-generated map on Truth Social labelling the waterway “NEW US Territory,” insisting the strait is “open and operating” […]

The article Hormuz: Trump’s territorial bravado and Iran defiance appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Organized by Enterprise Asia, the ceremony was held on 7 August 2026 at Jing An Shangri-La, Shanghai. This year’s recipients exemplified how strategic vision, innovation, and a commitment to positive impact can create lasting value for businesses, communities, and the wider economy.

Following a comprehensive evaluation by a distinguished panel of judges, over 150 nominees were assessed across ten AREA categories and five APEA categories. The AREA celebrated enterprises and leaders who have made significant contributions through responsible business practices and sustainability-driven initiatives. Meanwhile, the APEA recognized organizations and entrepreneurs who have demonstrated exceptional performance, strategic agility, and forward-thinking leadership in shaping the future of business.

In his welcome address, Enterprise Asia President Richard Tsang highlighted the need for enterprises to embrace transformation and responsible growth, noting that resilience, strategic foresight, and purpose-driven leadership remain key to achieving long-term success in an increasingly dynamic global landscape.

Among the outstanding AREA award recipients, Chery Automobile Co., Ltd. was recognized under the Green Leadership category for its Trusted Circular Materials system. By developing advanced recycling networks, digital traceability, and high-value recycled plastics, Chery has recovered over 10,000 tonnes of waste plastics, reduced approximately 9,000 tonnes of CO₂e emissions, and advanced sustainable automotive manufacturing.

Further advancing circular economy practices, SUS ENVIRONMENT won the Circular Economy Leadership award for its City-Benefiting Low-Carbon Solid Waste Management Model, demonstrated through the Xi’an Gaoling Project. By integrating waste-to-energy, district heating, AI-powered operations, and multi-source waste co-processing, the project has processed 5.34 million tonnes of waste, generated 2.24 billion kWh of green electricity, and achieved over 1.92 million tonnes of carbon reductions.

China Hongqiao Group Limited, a three-time consecutive AREA award recipient, has once again received the award under the Circular Economy Leadership category for advancing circular economy development through recycled aluminum. Its closed-loop circular economy model enables recycled aluminum to save approximately 95% of energy and reduce carbon emissions by over 85% compared with traditional electrolytic aluminum.

Honored with the AREA under the Corporate Governance category, E.SUN Bank (China) has embedded transparency and accountability throughout its operations. The bank implemented comprehensive Board meeting records three years ahead of regulatory requirements while strengthening stakeholder disclosure, maintaining a Moody’s Baa1 rating since 2022 and customer satisfaction above 97%.

Demonstrating the power of industry-wide collaboration, The Hong Kong Association of Banks received the AREA under the Social Empowerment category for its Anti-Fraud Education initiative. The initiative reached more than 11,000 people in 2025 and has contributed to strengthen its community outreach, with over 300 activities conducted across Hong Kong to date. According to figures released by the Hong Kong SAR Government, reported deception cases decreased by 2.9% in 2025 compared with 2024, marking the first decline after nine consecutive years of growth.

Bank of China (Hong Kong) Limited was honored with three prestigious awards at the AREA — the Social Empowerment Award, Investment in People Award and Corporate Sustainability Reporting Award, recognizing its exceptional and impactful sustainability practices. The Bank exemplifies a strong commitment to corporate social responsibility through a diverse range of initiatives that promote social inclusion, nurture talent development, and continuously enhance ESG disclosure. These accomplishments highlight its leadership in advancing responsible business practices and establish a new benchmark for excellence within the financial sector.

Techtronic Industries (TTI), a world leader in cordless technology, was awarded two AREA accolades, receiving recognition under the Circular Economy Leadership and Social Empowerment categories. Through its award-winning initiatives, “Advancing Circularity Through Sustainable Product Innovation” and “Empowering Exceptional People and Strengthening Communities” , TTI is creating lasting social impact while accelerating the transition towards a more circular and sustainable future.

As the sole recipient of both the APEA and AREA in 2026, OrbusNeich Medical Group Holdings Limited was recognized under the Corporate Excellence and Health Promotion categories respectively. Operating in more than 70 countries and regions, the Group continues to drive innovation in interventional medical devices while advancing regional clinical capabilities through its cross-border medical education initiative, ultimately improving patient outcomes across Asia-Pacific.

In the APEA segment, Onewo Inc. was honoured under the Corporate Excellence category for redefining space services through technology-driven innovation. Powered by its proprietary “Link X” AI platform, the company manages over 5,300 residential and 3,400 property and facility management projects nationwide,driving the space service industry toward a smarter and more sustainable future.

The AREA and APEA 2025 China Chapter are co-organized by Enterprise Accelerator Co., Ltd. and proudly supported by Eruid (Shanghai) Inspection & Certification Co., Ltd., MayCham China in Shanghai, SingCham Shanghai, Strategic Public Relations Group (SPRG), The Hong Kong Institute of Directors, and Tang Cultural Media. PR Newswire is the official news release distribution partner, with Dailywire.asia as the official media partner and Osin Au Pty Ltd as the official beverage sponsor.

About Asia Responsible Enterprise Awards (AREA)
The Asia Responsible Enterprise Awards program recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the categories of Green Leadership, Investment in People, Health Promotion, Social Empowerment, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. For more information, visit: https://enterpriseasia.org/area/.

About Asia Pacific Enterprise Awards
Launched in 2007, the Asia Pacific Enterprise Awards is the region’s most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/ regions and markets all over Asia. For further information, please visit www.apea.asia.
Hashtag: #Business #Sustainability #ESG

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Wechat: Enterprise Asia 亚洲企业商会
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About Enterprise Asia

Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. Please visit https://www.enterpriseasia.org/ for more information.

New executive experience center helps business and technology leaders explore secure, connected AI workflows built around real business priorities.

SINGAPORE – Media OutReach Newswire – 19 August 2026 – tridorian today announced the launch of its Gemini Enterprise Experience Center in Singapore, a new physical space designed to help enterprise leaders explore how AI can support measurable business outcomes across functions such as operations, customer service, sales, finance, and internal knowledge work.

Located in tridorian’s Singapore office, the Gemini Enterprise Experience Center is intended to move the conversation beyond one-off AI experiments and feature-led demos. Instead, the center is designed around the practical questions that many organizations are now asking: which business problems should we solve first, how can AI fit securely into our existing systems and data, and what would an enterprise-ready path from idea to implementation look like.

Powered by Gemini Enterprise, including the Gemini Enterprise App and Gemini Enterprise Agent Platform, the center showcases how enterprises can securely connect business data, support multi-step workflows, and apply governance and oversight as AI use matures across the organization. Google Cloud describes Gemini Enterprise as an end-to-end system that combines secure connectors, workflow automation, governance, and identity controls, while the Agent Platform provides the foundation to build, scale, govern, and optimize enterprise-grade agents grounded in enterprise data.

Visitors to the center are guided through business-outcome narratives tailored to their role and priorities. A customer service leader might explore how AI can help reduce handling time while improving consistency. An operations leader might examine how multi-step workflows can reduce manual overhead. A CIO or risk leader might focus on governance, visibility, data controls, and the appropriate level of human involvement required for a production setting.

The center currently includes a live demo environment, which serves as a working example of how complex orchestration can be presented as a business workflow rather than a standalone chatbot interaction. In Google’s current product language, that shift reflects a broader move from isolated AI tasks towards governed systems that can support complex, multi-step work processes.

Jimmy Jigmo, CEO of tridorian said, “Most AI demos look impressive. Very few connect to the work that actually matters. The Experience Center exists because enterprise leaders don’t need more features. They need clarity on where AI fits, what governance looks like, and how to move from experiment to outcome.”

The center also offers structured workshops that guide teams from mapping business priorities and exploring role-based use cases to planning next steps like a pilot or MVP. This practical format aligns with Google Cloud’s Singapore agenda, focusing on immediate, real-world business results.

“Organizations today are moving beyond the initial excitement of AI and are now seeking solutions that are secure, governed, and fundamentally aligned with their operational realities,” said Giri Babu Madathala, Head of SMB Partnerships, JAPAC, Google Cloud. “Security and governance are no longer optional; they are the foundation upon which effective AI must be built. tridorian’s Gemini Enterprise Experience Center addresses this by providing customers with a sophisticated, hands-on environment to move from high-level experimentation to tangible results. It allows them to experience firsthand exactly how Gemini Enterprise can be integrated into their specific, real-world business workflows to drive meaningful operational efficiency”

For Singapore enterprises, this matters because AI adoption is increasingly judged not by novelty alone but by whether it can support productivity, decision quality, operational efficiency, and governance simultaneously. Singapore’s own responsible AI guidance stresses explainability, transparency, fairness, and appropriate human oversight, while enterprise examples such as DBS show that measurable value comes from disciplined implementation rather than hype.

Evan Febrianto, CTO, tridorian added “This is a place for leadership teams to explore where AI can make a difference in their business, what the right controls look like, and how to move from experimentation to enterprise implementation with greater clarity.”
Hashtag: #tridorian #technology #business #google #AI #cloud

https://tridorian.com/
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About tridorian

tridorian is a Google Cloud-focused services and solutions company helping organizations modernize platforms, AI, data, and applications. As a people-centric and an outcome-focused Google Cloud Premier Partner, tridorian specializes in building secure, governed AI systems designed for production. With operations spanning eight countries and customers across 14, tridorian ensures that technology only succeeds when the people using it do.

Reach out at tridorian.com/contact to discuss your business challenges and schedule a visit to tridorian’s Gemini Enterprise Experience Center.

• allnex is the global market and technology leader for Sag Control Agent (SCA) resin, a unique technology enabling excellent appearance of Automotive OEM coatings.
• Today allnex announced to build its first SCA production facility in APAC, the largest global Automotive market.
• This investment will significantly improve regional supply resilience, reduce lead times, and enhance service for our customers based in the APAC region
• And it will support faster adaptation of the next-generation of SCA’s including high-solid, low-bake, and sustainable “green SCA” solutions.

FRANKFURT, GERMANY – Media OutReach Newswire – 18 August 2026 – allnex, a leading global manufacturer and solution provider of coating resins and additives, today announced plans to expand its manufacturing footprint in Asia-Pacific with a strategic investment in Sag Control Agent (SCA) capacity at its Rayong site in Thailand.

Scheduled to begin operations in January 2028, this new SCA capacity investment, signifies allnex’s commitment to support its customers in the world’s fastest-growing automotive coatings markets.

By bringing SCA production into the APAC region, and importantly closer to customers, allnex will strengthen supply reliability, shorten lead times, and provide greater responsiveness to evolving market needs.

SCAs are a unique and cornerstone technology of allnex’s Automotive OEM product portfolio and they define its market leadership position in this application. allnex SCA resins have superior sag control functionality, enabling exceptional appearance in premium high-gloss clearcoats. These specialty resins ensure that coating manufacturers are able to meet the ever increasing demands of car producers for performance, efficiency, and sustainability.

Since allnex invented SCA resins four decades ago, all allnex SCA production was concentrated in its Bergen op Zoom facility in The Netherlands. In the last few years, APAC has become the largest SCA market globally with strong future growth projections driven by increased car production and requirements for better appearance. By making this investment in APAC, allnex will not only provide customers with proximity of supply and greater assurance, it will also ensure to have enough capacity available in time, to meet future growth.

“This strategic capacity investment for a unique technology, is driven by our commitment to our customers and their growth ambitions in Asia-Pacific. By localizing SCA production in Thailand, we are responding directly to customer needs for greater supply security, shorter lead times, and faster access to innovation. The new facility will strengthen our ability and agility to support both global and regional customers in APAC and allows us to meet future market demand.” said Ruben Mannien, Senior Executive Vice President APAC.

The Rayong site was selected following a comprehensive evaluation of multiple locations across the region. The site offers existing infrastructure, strong technical capabilities, and strategic proximity to key automotive manufacturing hubs, including China, India, Korea, and Southeast Asia.

The investment will include dedicated reactors for the production of SCA resins for plastic automotive parts and metal car bodies.

Beyond improving supply resilience, the new facility will support allnex’s latest SCA innovations designed for next-generation clearcoat systems, including high-solid, low-bake, and more sustainable coating technologies. These solutions help customers improve productivity, reduce energy consumption, and differentiate themselves in an increasingly competitive market.

Construction is expected to be completed by the end of 2027, ensuring production readiness ahead of anticipated market growth.

Hashtag: #allnex

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By Ashok Nilakantan Ayers For much of independent India’s history, the security response to communal violence and terrorism was essentially reactive: an attack occurred, intelligence agencies investigated it, police made arrests, and security forces moved in after violence had already begun. Over the past five years, however, India’s counter-terrorism architecture has been moving towards a […]

The article From reaction to prevention: India’s five-year turn against radicalisation appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Under the MOU, VinFast and Gowa Motor Group will establish a joint venture to develop VinFast’s dealership network across Indonesia, with a target of opening at least 30 showrooms and service centers.

The partnership reflects the two companies’ shared commitment to building a long-term strategic relationship in Indonesia’s growing electric vehicle market. By partnering with VinFast, Gowa Motor Group demonstrates its confidence in VinFast’s vision, capabilities, and the long-term potential of its electric mobility ecosystem.

The new network will serve as a key pillar of VinFast’s long-term growth strategy in Indonesia, offering VinFast’s electric vehicles alongside aftersales services, maintenance, and customer care that meet the company’s global standards. The partnership will contribute to VinFast’s broader plan to expand its dealership network in Indonesia. The company currently operates more than 40 showrooms nationwide and aims to add over 150 new showrooms in the coming years.

The agreement with Gowa Motor Group reinforces VinFast’s strategy of partnering with leading local companies to expand its distribution network, improve customer access to high-quality products and services, and support Indonesia’s transition toward greener transportation.

Gowa Motor Group is an established automotive group in Indonesia with extensive experience across multiple automotive brands and vehicle segments. Its operation spans automotive distribution, dealership operations, passenger vehicles, and commercial vehicles, supported by a broad network and strong understanding of the local market. With its automotive expertise, operational capabilities, and market knowledge, Gowa Motor Group is expected to become a strategic partner for VinFast in expanding its distribution network, enhancing the customer ownership experience, and accelerating the adoption of electric vehicles in Indonesia.

Mr. Antonio Zara, Chief Executive Officer of VinFast Southeast Asia, said: “Gowa Motor Group is an established automotive group in Indonesia with extensive experience across multiple automotive brands. We believe the combination of VinFast’s product development capabilities, advanced technologies, and comprehensive EV ecosystem with Gowa Motor Group’s local market expertise, automotive network, and operational experience will provide a strong foundation for expanding VinFast’s presence in Indonesia. More importantly, this partnership will enable us to deliver an increasingly convenient, comprehensive, and high-quality EV ownership experience for Indonesian customers.“

Mr. Sadikin Aksa, Commissioner of Gowa Motor, said: “We see tremendous potential in Indonesia’s electric vehicle market and strongly believe in VinFast’s long-term vision. Our partnership not only creates new business opportunities for both companies but also reflects our shared commitment to accelerating Indonesia’s green transition. Leveraging our experience across multiple automotive brands and our established network in Indonesia, Gowa Motor Group looks forward to working alongside VinFast to bring sustainable mobility solutions and high-quality services closer to consumers across the country.“

Indonesia is one of the key pillars of VinFast’s global growth strategy. Since entering the market, VinFast has rapidly expanded its product portfolio, commenced operations at its manufacturing facility in Subang, and built a comprehensive EV ecosystem through a growing network of strategic partners, including charging infrastructure developer V-Green, all-electric ride-hailing service GSM, financial institutions, banking partners, authorized service workshop partners, and dealerships nationwide. By combining manufacturing capabilities, a comprehensive EV ecosystem, and an expanding partner network, VinFast is steadily advancing toward its goal of becoming one of the leading electric vehicle brands in Indonesia and across Southeast Asia.

Hashtag: #VinFast

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About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, e-bikes, and electric buses.

In Indonesia, VinFast is expanding its electric mobility ecosystem through a growing dealership and after-sales network, local partnerships, and its manufacturing facility in Subang, West Java, reinforcing its long-term commitment to the market.

Learn more at: https://vinfastauto.id

About Gowa Motor Group

Gowa Motor Group is an established automotive group in Indonesia with extensive experience in the automotive sector. The Group represents and operates across multiple automotive brands and vehicle segments, including passenger and commercial vehicles, supported by dealership, distribution, and customer service capabilities. With a broad network across Indonesia and a strong understanding of the local automotive market, Gowa Motor Group continues to build long-term partnerships and expand access to quality mobility products and services.