Vingroup and the Global Ambitions of Vietnamese Brands

Vietnam’s economic landscape is undergoing a remarkable transformation, led by ambitious Vietnamese brands ready to take on the world. Vingroup, a trailblazing conglomerate, exemplifies this trend, inspiring a new generation of entrepreneurs to “think big.”

HANOI, VIETNAM – Media OutReach Newswire – 6 September 2024 – Visitors to Vietnam in recent decades will likely notice the ubiquity of Vingroup’s “Vin” brands. From real estate (Vinhome) to hospitality (Vinpearl), healthcare (Vinmec), and education (Vinschool), Vingroup’s presence is deeply woven into the fabric of life in the Southeast Asian country, a testament to the power of visionary leadership and the potential of Vietnamese businesses.

Vinhomes Ocean Park 1 urban area, part of the Vingroup ecosystem

With real estate as its foundation, Vingroup has strategically expanded into new sectors. Notably, in 2018, the largest private conglomerate in Vietnam announced a 10-year plan to become a leading global technology-industry-service conglomerate, with technology at its core.

Vingroup’s Chairman, Pham Nhat Vuong, once revealed his vision to leverage technology to uplift the lives of his fellow citizens. “When technology and industry have developed, we can contribute to changing the lives of many people,” Vuong stated in 2019. “For example, the income of those less fortunate is now negligible, but it could be significantly higher if they become even just ordinary technology workers.”

Vingroup’s remarkable growth trajectory mirrors Vietnam’s own journey from a war-torn nation to a burgeoning economic power in less than four decades. It is a symbol of the resilience and ingenuity of the Vietnamese people, and it is also an inspiration.

The conglomerate’s recent moves also signify a broader shift in the mindset of Vietnamese entrepreneurs. They are increasingly shedding their inhibitions, embracing bold ambitions, and setting their sights on global markets. Experts believe Vietnam has the potential to produce more companies like Vingroup, especially given the global technology boom.

One of Vingroup’s most audacious international ventures is VinFast, its automotive arm. The establishment of VinFast is a historic moment for Vietnam, marking the birth of its first homegrown car brand. Before VinFast, the Vietnamese auto sector was heavily reliant on imports, with limited local assembly and underdeveloped supporting industries.

Despite the challenges and setbacks inherent in the electric vehicle industry, Vuong remains unwavering in his commitment to VinFast. His determination to invest in the company “until his money runs out” reflects a broader ambition to achieve national pride through innovation.

Recognizing the untapped potential of the Middle East market, VinFast is making another bold move. After establishing a presence in North America and Europe, the company is now actively engaging with potential partners and distributors in the Middle East. This strategic expansion underscores VinFast’s global aspirations and highlights the growing economic ties between Vietnam and the region.

VinFast’s foray into international markets serves as a powerful reminder that Vingroup, and Vietnam as a whole, are capable of surprising the world. They possess the courage and the capability to explore new frontiers, challenge established players, and carve out a niche for themselves in the global marketplace.

As Vietnamese brands continue to innovate and expand their reach, they are not only shaping the country’s economic future but also inspiring a new generation of entrepreneurs to dream big and contribute to Vietnam’s ongoing transformation. The world is watching with anticipation as these ambitious brands write the next chapter in Vietnam’s remarkable story.

Nyxoah to Participate in Upcoming Investor Conferences

Nyxoah to Participate in Upcoming Investor Conferences

Mont-Saint-Guibert, Belgium – September 5, 2024, 10:30pm CET / 4:30pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that the Company will participate in three upcoming investor conferences in New York City.

Olivier Taelman, Nyxoah’s Chief Executive Officer, will deliver corporate updates at the Baird Global Healthcare Conference on Tuesday, September 10, 2024, at 12:15pm ET, the H.C. Wainwright 26th Annual Global Investment Conference on Wednesday, September 11, 2024, at 11:00am ET and the Cantor Global Healthcare Conference on Wednesday, September 18, 2024 at 1:55pm ET. Webcasts of the presentations will be available on the Events section of Nyxoah’s Investor Relations website. The Company will also be available for 1×1 meetings with institutional investors attending the events.

Nyxoah’s Investor Presentation can be accessed on the Shareholder Information section of the Company’s Investor Relations page.

About Nyxoah

Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah’s lead solution is the Genio® system, a patient-centered, leadless and battery-free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

For more information, please see the Company’s annual report for the financial year 2023 and visit http://www.nyxoah.com/.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Forward-looking statements

Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the entry into of the loan facility agreement and the synthetic warrant agreement with the EIB; the use of proceeds from the loan facility agreement; the Genio® system and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; the utility of clinical data in potentially obtaining FDA approval of the Genio® system; reporting data from Nyxoah’s DREAM U.S. pivotal trial; filing for FDA approval; and entrance to the U.S. market. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission (“SEC”) on March 20, 2024, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person’s officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Contacts:

Nyxoah
Loïc Moreau, Chief Financial Officer
IR@nyxoah.com

For Media
Belgium/France
Backstage Communication – Gunther De Backer
gunther@backstagecom.be

International/Germany
MC Services – Anne Hennecke
nyxoah@mc-services.eu

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Washington collects information about the killing of an American citizen in the West Bank


The US State Department said it was aware of the killing of an American citizen in the West Bank and that it was gathering more information about the circumstances of the incident.

For his part, the US Ambassador to Israel said that the embassy is working to collect more information about the circumstances of the death of the American citizen in the West Bank.

For its part, the Israeli army announced that it is investigating the “claim” that a foreign citizen was killed by gunfire in the West Bank.

Earlier today, the director of Rafidia Governmental Hospital in Nablus announced the death of the American activist of Turkish origin, Aisha Nour Ezgi (26 years old), after she was shot in the head by Israeli soldiers south of Nablus.

Source: Maan News Agency

Blinken: Disagreements on ‘critical issues’ in Gaza ceasefire deal


US Secretary of State Anthony Blinken announced that 90% of the ceasefire agreement in Gaza has been agreed upon, but there are still critical issues over which there are disagreements, without clarifying who the parties are that have agreed upon, or the nature of the critical issues.

“It is the duty of both parties to reach an agreement on these outstanding issues,” US Secretary of State Antony Blinken said at a news conference in Haiti on Thursday, noting that Washington will put more ideas on the negotiating table in the coming days.

Source: Maan News Agency

Blinken: 90% of Gaza ceasefire agreement agreed upon


US Secretary of State Antony Blinken said on Friday that the ceasefire negotiations in the Gaza Strip face critical issues despite “agreement on 90%” of the terms.

The US Secretary of State explained that “90% of the ceasefire agreement in Gaza has been agreed upon, but there are still critical issues.”

“There are still issues pending in the ceasefire and hostage release negotiations,” he added.

He stressed that Washington is engaged in active talks “with our partners in Qatar and Egypt to reach a ceasefire agreement in Gaza.”

The US Secretary of State urged Hamas and Israel to reach a truce agreement in the Gaza Strip.

“It is the duty of both parties to reach an agreement on these outstanding issues,” Blinken said at a press conference in Haiti, noting that Washington will put more ideas on the negotiating table in the coming days.

Source: Maan News Agency

Hezbollah targets occupation sites and spy equipment


The Islamic Resistance in Lebanon – Hezbollah – announced on Thursday that it carried out several operations against Israeli occupation sites in northern occupied Palestine, in support of the Palestinian people in the Gaza Strip and in support of their resistance.

The Islamic Resistance in Lebanon targeted the “Hanita” site with artillery shells, confirming that it was directly hit.

Source: Maan News Agency

Hebrew Walla: Netanyahu Insists That Philadelphi Corridor Is ‘Rock’ Of Israel’s Existence


Israeli journalist Ben Caspit wrote on the Walla Hebrew website, saying: In a controversial statement this week, Israeli Prime Minister Benjamin Netanyahu insisted that the Philadelphi Corridor is the “rock of existence” for Israel.

The statements came at a press conference in which he declared the Philadelphia Tiger as the “Third Temple” and asserted that responsibility for security, “hostages” and the future of Israel now rested with him, but he stressed that this responsibility began “from today,” raising questions about who bears responsibility for events that occurred before that.

Two months ago, the Philadelphi Corridor would not have been prominent on Israel’s security threats list. What prompted Netanyahu to change his mind? Observers say the reason may have been his secret meeting with a small ‘war cabinet’ away from the eyes of his allies, which could explain the media campaign that celebrates personal recordings at the expense of more important issues.

In a move that surprised many, Netanyahu a
pologized for his failure to recover the “hostages,” but did not clarify who was responsible for their kidnapping in the first place.

He also faced criticism for his conflicting statements about the war’s goals and timing, speaking of “November 7” instead of “October 7”, and stating “3 goals” for the war in English while speaking of “4 goals” in Hebrew.

Netanyahu seems to find himself in an unenviable position, as he faces great pressure from his political allies, which is pushing him to make crucial strategic decisions that may not be in Israel’s interest in the long run.

Netanyahu claims to have warned former Prime Minister Ariel Sharon about the dangers of the situation in Gaza, but since coming to power in 2009, he has taken no real action. Netanyahu has been prime minister most of the time and had many opportunities to fulfill his election promise and topple Hamas in Gaza. He had full popular legitimacy to do so, but he has taken no practical steps to achieve this goal.

If the Philadelphi corridor wa
s so important, why didn’t Netanyahu try to reach it as soon as the fighting broke out? The operation could have been carried out easily; the ‘Rafah Division’ was and remains the weakest of Hamas’s divisions. If the IDF had reached the ‘Philadelphi’ in November or December, the problem might have been solved already.

The simple truth is that Netanyahu was afraid to embark on a large-scale ground operation. In those days, he consulted with senior officers such as Maj. Gen. Ofer Winter and Maj. Gen. Yitzhak Brick, who warned him that Gaza would be a deadly trap for the IDF, and preferred to operate from the air and from the outside. However, Gabi Ashkenazi, who was sent on a mission by Eisenkot and Gantz, convinced him to begin the maneuver about three weeks later. However, the operation in southern Gaza was delayed by Netanyahu, while Gantz and Eisenkot were pressuring him to move toward Rafah.

Now, suddenly Netanyahu has discovered the importance of Philadelphi after realizing that the government may fall i
f this decision is not taken. Netanyahu knows very well that the military presence in “Philadelphi” will not guarantee stopping the smuggling, as the Israeli army was there until 2005, and Hamas was using the tunnels to smuggle weapons under the feet of Israeli soldiers.

Meanwhile, the “hostages” are dying. Hamas has been dealt a severe blow. Almost all of its military leadership has been eliminated except for Yahya Sinwar. The battalions and brigades have been dismantled, the tunnels and military infrastructure destroyed. Thousands of Hamas fighters have been killed. This is the time to take the temporary risks in Philadelphi and return the “hostages” home. But Netanyahu will not do this, because the only thing that matters to him more than returning the hostages is preserving his government.

This is evidenced by a report published last week indicating that during the last cabinet meeting, a clause was included that would give the Israeli negotiating team a broad mandate to negotiate a deal to release the
‘hostages,’ but it was canceled at the last minute under pressure from Ben-Gvir and Smotrich. As a result, we are left with Philadelphia without a settlement, without a deal, without ‘hostages,’ but with a government that is in fact ‘the rock of our existence.’

Source: Maan News Agency

Poll: Majority of Israelis support withdrawal from Philadelphi corridor


An opinion poll conducted by the Israeli newspaper Maariv on Friday revealed that a large Israeli majority supports withdrawal from the Philadelphi corridor in exchange for a prisoner exchange deal with Hamas.

According to the poll, 48% of the sample preferred to release the detainees in Gaza rather than keep them in detention.

It showed that a large majority of the public supports withdrawing from the Philadelphi Corridor to allow for a swap deal, as 48% of the sample supported giving up the corridor, compared to 37% who expressed a willingness to abandon a deal to leave the corridor in Israel’s hands.

On the political front, the differences are more acute, and among opposition supporters, withdrawal from the axis enjoys 75% support.

In contrast, 74% of coalition voters said they would be willing to abandon the agreement if it meant withdrawing from the Philadelphi axis.

The poll also reveals that only one candidate is more fit to be prime minister than current Prime Minister Benjamin Netanyahu.

Accor
ding to the poll, if Naftali Bennett had submitted his candidacy, he would have received 49% support, compared to 34% for Netanyahu, but the latter outperforms the other mentioned candidates.

The poll showed that Netanyahu would win over Benny Gantz by 42% to 40% for Gantz, a change compared to last week, when Gantz beat Netanyahu by one percentage point.

Netanyahu will also win over opposition leader Yair Lapid, with 45% to Lapid’s 36%, and he will also win over Avigdor Lieberman, with Netanyahu receiving 43% of the sample’s votes, compared to Lieberman’s 35%.

Source: Maan News Agency

Israeli police arrest 3 young men from the West Bank in Ramat Gan


Israeli police arrested three young men from the West Bank on Friday, on suspicion of their “illegal” presence in the city of Ramat Gan.

Police said officers at the Mesopotamia station noticed the three waiting at a bus stop on Mendes Street, prompting them to check their IDs.

After verification, it was found that the three young men were residing in the country illegally, and they were arrested and taken to the police station for investigation.

Source: Maan News Agency