DUBAI, UAE – Media OutReach Newswire – 11 September 2026 – Corporate lifespans are shrinking as technology accelerates creative destruction. At 33, Vingroup offers a case study in how a conglomerate can keep reinventing itself and take the capabilities built at home into global markets.
Why do large companies disappear when they once seemed "too big to fail"? Size can bring capital, scale and resilience, but too much stability can also create inertia. A business that spends too much time protecting what it has built may find that the market has already moved on and that it has failed to move fast enough.
That kind of inertia poses an even greater challenge for conglomerates, which are built to last across generations, yet the industries around them can change within a decade. The answer, increasingly, is reinvention: entering new fields while using the experience, capital and capabilities accumulated in the old ones.
Vingroup, fresh from its 33rd anniversary, offers an interesting example from Vietnam. Its story has evolved from food production and tourism to real estate, hospitality and healthcare, and then now to electric vehicles, green energy and infrastructure.
There are signs that the strategy is gaining recognition. In June, Fortune ranked Vingroup No. 26 among Southeast Asia's 500 largest companies, up from No. 37 in 2025 and No. 45 in 2024. Just this week, TIME placed Vingroup at No. 340 in its World's Best Companies 2026 ranking, up 477 places from No. 817 a year earlier. It was the only Vietnamese company to make the list for a second consecutive year. Today, companies across Vingroup's ecosystem are present in 12 countries and employ around 400,000 people worldwide.
Among them, VinFast is perhaps the clearest example of rapid diversification combined with a global push. Founded in 2017, the electric vehicle maker has become Vietnam's leading automotive brand by sales and is targeting 300,000 electric cars and 1 million electric motorcycles globally in 2026. From Vietnam, it has expanded into North America, Europe, Asia and the Middle East.
But more than just shipping vehicles, VinFast is also exporting something less visible but equally important: the service capabilities it has developed in Vietnam. By the end of 2025, it had nearly 400 service workshops in Vietnam, while its global network is targeted to exceed 1,100 in 2026, supported by standardized technician training, operating procedures, quality controls and parts delivery targeting 24 hours in key markets.
That makes aftersales more than a support function for international expansion. It is becoming a capability that VinFast can take from Vietnam and adapt to markets abroad, turning the experience built around its domestic network into part of its global offering. The Middle East is one of the markets where that approach is now being put to the test.
At thirty, a person may be expected to stand firm. For a company, longevity may require something else: the ability to keep moving.
Hashtag: #VinFast
https://me.vinfast.com/en
The issuer is solely responsible for the content of this announcement.
** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **
As Corporate Lifespans Shrink, Vingroup Keeps Reinventing Itself
Melco joins forces with industry leaders to deliver on the city’s Big Health vision
MACAU SAR – Media OutReach Newswire – 5 November 2026 – To accelerate the high-quality development of the Big Health industry in the Greater Bay Area (GBA), the "1st Greater Bay Area Health and Longevity Summit & Awards Ceremony", proudly sponsored by Melco Resorts & Entertainment, concluded successfully today at Studio City. Jointly organized by Hong Kong Ta Kung Wen Wei Media Group (MACAO) and iRad Hospital, the landmark event brought together international pioneers and industry leaders, drawing more than 360 guests including members of the National People's Congress and the Chinese People's Political Consultative Conference National Committee, for high-level dialogue and exchange on the latest developments shaping the future of health and longevity.
1st Greater Bay Area Health and Longevity Summit & Awards Ceremony concludes successfully in Macao
As the Strategic Sponsor, Melco reinforced its commitment to Macao's Big Health sector. This advances the vision established with its October 2025 launch of iRad Hospital in partnership with the iRad Medical Group at Studio City—the world's first and Macao's only integrated resort hospital equipped with both MRI and CT scanning facilities.
Mr. Lawrence Ho, Chairman & CEO of Melco
Mr. Lawrence Ho, Chairman & CEO of Melco, said, "As Macao pursues its '1+4' appropriate economic diversification strategy, Melco is proud to support this inaugural wellness and longevity summit. With iRad Hospital at Studio City, we are bridging cutting-edge longevity science and world-class hospitality together under one roof – and today's exchange of ideas among leading experts from across the world is exactly how Macao will grow into a premier global hub for medical tourism and Big Health innovation. We sincerely thank our co-organizers and the distinguished speakers and experts for sharing their invaluable insights and expertise, which contributed to the success of this inaugural event."
Featuring an exceptional line-up of 25 global speakers from 10 regions, the Summit delivered a dynamic programme of keynotes and high-level discussions addressing the future of health and longevity. The three highly anticipated keynotes included:
Keynote 1: "One Gene. Cancer. Aging. One Switch" – Presented by Professor Dean Felsher of Stanford University, a leading cancer researcher specializing in oncology and pathology. He currently serves as the Founding Director of the Translational Research and Applied Medicine (TRAM) Program. His pioneering research focuses on the concept of oncogene addiction, utilizing innovative model systems to translate basic science breakthroughs into targeted therapeutics and novel cancer treatments.
Keynote 2: "Don't Die: One Man's War on Aging" – Presented by Bryan Johnson, Founder of Blueprint, and Kate Tolo, Co-Founder of Blueprint and Immortals. Together, they are pioneering the global longevity and biohacking movement by transforming rigorous health data tracking into accessible consumer protocols. Their multi-million dollar open-science experiments actively track thousands of biological markers to optimize human healthspan and redefine the limits of aging.
Keynote 3: "The Future of Longevity is Delicious" – Presented by René Redzepi and Peter Kreiner of Noma, a world-famous Copenhagen-based restaurant and food innovation lab. Together, they champion culinary exploration by unlocking the potential of hidden, wild, and treasured natural ingredients through advanced fermentation and foraging. Their work demonstrates how meticulous preparation methods and nutrient-rich, unadulterated ingredients can harmoniously elevate both exceptional flavor and long-term human wellness and longevity.
A series of high-level fireside chats further explored cutting-edge developments across wellness and longevity, science, technology and healthcare, with sessions including "Wellness & Longevity: From Vitality to Science", "The Convergence of Quantum Computing and Biochemistry in Drug Development", "Imaging, Omics & AI", "Data Trust: Privacy and the Future of Health Data" and "Heritage & Innovation: New Pathways for High-Quality TCM Development in the GBA".
Mr. Dennis Tam, Honorary Chairman of iRad Hospital and President and CEO of Black Spade Capital
Mr. Dennis Tam, Honorary Chairman of iRad Hospital and President and CEO of Black Spade Capital, said, "Longevity doesn't begin in a laboratory. It begins with people. At iRad, we are building the Longevity+ brand around exactly that idea — bringing world-class science and genuine human connection under one roof. This first Greater Bay Area Health and Longevity Summit in Macau was proof it works: 360 business leaders, professionals, and entrepreneurs, 25 speakers from 10 regions, and conversations that went far beyond any single keynote — all in just four hours. We are proud to keep building it across the Greater Bay Area and beyond, to the world."
The event was marked by an opening ceremony officiated by distinguished guests including representatives of the event's Supporting Units: Mr. Lo Iek Long, Director of the Health Bureau of the Macao SAR Government; Mr. Choi Peng Cheong, Director of the Pharmaceutical Administration Bureau of the Macao SAR Government; Mr. Larry Leong, Acting President of the Board of Directors of the Commerce and Investment Promotion Institute of the Macao SAR Government; and Mr. U U Sang, Deputy Director of the Economic and Technological Development Bureau of the Macao SAR Government; other government officials: Mr. Yang Quanzhou, Deputy Director-General of the Economic Affairs Department of the Liaison Office of the Central People's Government in the Macao SAR; Mr. Cheong Chok Man, Director of the Policy Study and Regional Development Bureau of the Macao SAR Government; Mr. Lio Chi Chong, Acting Director of the Gaming Inspection and Coordination Bureau of the Macao SAR Government; and Mr. Cheng Wai Tong, Acting Director of Macao Government Tourism Office; Mr. Lawrence Ho, Chairman and Chief Executive Officer of Melco, the event's Strategic Sponsor; and representatives of the co-organizers: Mr. Zheng Yong Nan, Vice Chairman and General Manager of Hong Kong Ta Kung Wen Wei Media Group; Mr. Dennis Tam, Honorary Chairman of iRad Hospital and President and CEO of Black Spade Capital; Dr. Matthew Ngan, Founder and Chairman of iRad Hospital; and Mr. Kin Wong, CEO of iRad Hospital.
The event culminated in a networking dinner and awards ceremony, honoring 17 outstanding organizations and individuals in the GBA for their contributions to the Big Health industry, medical innovation and the integration of healthcare and tourism.
Hashtag: #Melco #iRad #TaKungWenWei #longevity #GreaterBayArea
https://www.melco-resorts.com
https://hk.linkedin.com/company/melco-resorts-entertainment
https://x.com/MelcoResorts
https://www.facebook.com/MelcoCSR/
Wechat: 新濠博亚娱乐
https://www.instragram.com/melco.resorts
The issuer is solely responsible for the content of this announcement.
About Melco Resorts & Entertainment Limited
The Company, with its American depositary shares listed on the Nasdaq Global Select Market (Nasdaq: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates City of Dreams (www.cityofdreamsmacau.com) and Altira Macau (www.altiramacau.com), integrated resorts located in Cotai and Taipa, Macau, respectively. Its business also includes the Mocha Clubs (www.mochaclubs.com), the only non-casino based operation of electronic gaming machines in Macau. In addition, the Company operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, the Company operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company operates City of Dreams Mediterranean, an integrated resort in Limassol, in the Republic of Cyprus (www.cityofdreamsmed.com.cy) and licensed satellite casinos in other cities in Cyprus (the "Cyprus Casinos"). In South Asia, the Company operates the casino and manages the Nüwa hotel at City of Dreams Sri Lanka (www.cityofdreamssrilanka.com), an integrated resort in Colombo, Sri Lanka. For more information about the Company, please visitwww.melco-resorts.com.
The Company is majority owned by Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, which is in turn majority owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.
** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **
