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GS25 expands its footprint to Hanoi

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South Korean convenience store chain GS25 opened six outlets in Hanoi on March 14, marking its debut in the northern market.

GS25 expands its footprint to Hanoi

The six new stores are located in the districts of Ba Dinh, Hoan Kiem, Dong Da, and Cau Giay, and the chain has plans to increase the number of Hanoi-based stores to over 40 this year.

Since its first entry into Vietnam in 2018, GS25 has mainly operated in Ho Chi Minh City and nearby provinces such as Binh Duong, Dong Nai, and Ba Ria-Vung Tau. The chain runs 350 outlets in the south of the country.

Following the expansion to Hanoi, GS25 targets a total of 500 outlets nationwide by 2026, and 700 by 2027.

“Entering Hanoi signifies a transition point as we expand to all parts of Vietnam,” GS Retail managing director Lee Sung-hwa said. “We hope to grow as a convenience store brand that represents Vietnam.”

On March 10, GS25 and Dongwha Pharmaceutical chain Trung Son Pharma inaugurated a shop-in-shop model, in the form of pharmacies within GS25 stores in Vietnam.

The products sold in the store include Dongwha Pharma’s medical non-prescription products, vitamins, calcium supplements, immune-enhancing products, functional foods, and more.

Trung Son Pharma and GS25 plan to open more than 10 shop-in-shop pharmacies in major cities in Vietnam this year, where they will sell prescription drugs, over-the-counter drugs, and cosmetics.

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Excelerate Energy ties up with PV Gas for LNG supply

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Excelerate Energy, Inc., a leading provider of floating storage and regasification units and liquefied natural gas (LNG) solutions, and Petrovietnam Gas Joint Stock Corporation (PV Gas), a subsidiary of PetroVietnam, have entered into a strategic partnership for US LNG supply.

Excelerate Energy ties up with PV Gas for LNG supply

On March 14, Excelerate Energy announced that the company has signed an MoU with PV Gas to collaborate on securing a reliable and stable supply of LNG sourced from the United States as early as 2026.

Under the agreement, the two parties will also evaluate PV Gas LNG supply requirements and define a joint strategic framework through which Excelerate and PV Gas can execute LNG sourcing.

“We are pleased to partner with PV Gas on this significant opportunity,” said Oliver Simpson, executive vice president and chief commercial officer of Excelerate. “This collaboration underscores our commitment to helping Vietnam meet its growing energy needs while also providing a downstream market for US LNG supply. Together, we look forward to contributing to a sustainable and secure energy future for Vietnam.”

The collaboration between Excelerate and PV Gas showcases a mutual dedication to harnessing both companies’ distinct strengths and resources to provide affordable and dependable energy solutions that meet Vietnam’s increasing energy needs.

Excelerate is a US-based LNG company located in The Woodlands, Texas. Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with the objective of delivering rapid-to-market and reliable LNG solutions to customers. The company offers a full range of services across the LNG value chain.

PV Gas is a Vietnam-based company engaged in integrated oil and gas operations. The company is involved in the extraction, refining, distribution, marketing and pipeline transportation of natural gas and gas related products, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, and condensate.

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DKSH Vietnam advances scientific access for students

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DKSH Business Unit Technology, a scientific solutions provider, has initiated “UniTEC Connect,” a platform to provide students and researchers direct engagement with insights into advanced scientific technology.

The launch took place at the University of Science in Ho Chi Minh City on March 11, followed by outreach sessions at An Giang University, Tra Vinh University, and Can Tho University from March 12-14.

DKSH Vietnam advances scientific access for students
With the launch of the “UniTEC Connect,” DKSH aims to enhance access to advanced scientific technologies for academic and research communities in Vietnam. Photo: DKSH

DKSH is collaborating with innovative technology providers like PacBio, Cytek, Abcam, and Leica to offer expert-led presentations on technologies in life science research such as solutions for gene sequencing, cell biology, and proteomics, as well as live demonstrations with the latest scientific technology advancements.

In this phase, participants can gain insight with advanced research instrumentation, including PacBio’s innovations in genomic research, Cytek’s flow cytometry applications and workflow solutions, Abcam’s comprehensive reagents for immunology research, and Leica’s super-resolution microscopy techniques.

The launch featured an exclusive hands-on experience with PacBio’s HiFi sequencing on the revolutionary Revio system. For the first time, PacBio and DKSH are joining forces to introduce the Revio demo system. This demonstration unit is an exact replica of the real Revio sequencing system, identical in both design and functionality.

This engagement supports Vietnam’s growing demand for advanced research as well as unlocks discoveries in human genomics, transcriptomics, epigenomes, microbial genomics, plant and animal, and cancer genomics.

Nguyen Thi Ton Cam Tram, general manager of the business technology unit at DKSH Vietnam said, “Our mission is to empower the next generation of scientists and innovators by creating a bridge between academic research and real-world industry applications through hands-on experience with advanced scientific solutions. As life sciences become increasingly vital both globally and in Vietnam, we kicked off UniTEC Connect in this sector to immerse students and researchers in cutting-edge technologies.”

“Beyond that, this programme is set to expand its reach, embracing a broader range of segments to drive innovation across multiple organisations.”

Registration for UniTEC Connect is now open to universities, institutes, research organisations, and researchers.

For 160 years, DKSH has been delivering growth for companies in Asia and beyond. As a leading market expansion services provider, DKSH offers sourcing, market insights, marketing and sales, eCommerce, distribution and logistics, and after-sales services, following its purpose of enriching people’s lives.

DKSH is a participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business. Listed on the SIX Swiss Exchange, DKSH operates in 36 markets with 28,060 specialists, generating net sales of CHF11.1 billion ($12.54 billion) in 2024.

DKSH Business Unit Technology offers complete solutions for specialised scientific and industrial applications. With around 1,820 specialists, the business unit generated net sales $620.21 million in 2024.

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Jones Day adds Corporate partner Frank Voon in Hong Kong

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The global law firm Jones Day today announced that Frank Voon has joined the Firm as a partner in its Corporate Practice.

HONG KONG, March 17, 2025 /PRNewswire/ — The global law firm Jones Day today announced that Frank Voon has joined the Firm as a partner in its Corporate Practice. He is based in Jones Day’s Hong Kong Office.

Frank Voon
Frank Voon

Voon has more than 20 years of experience advising on complex, cross-border M&A and private equity transactions across multiple industries, including automotive, healthcare and life sciences, mining and energy, real estate, and technology. He is a Hong Kong SAR- and Australia-qualified lawyer, and he has worked with both multinational corporations and state-owned entities on their investments into and out of Asia. Voon has led deal teams advising a U.S. private equity fund on its RMB2 billion foray into the PRC logistics real estate sector, a Tokyo-listed company in the acquisition and development of chemical manufacturing operations in China, and an Indian conglomerate in the acquisition of a Japanese automotive parts manufacturer.

“Frank has led high-stakes corporate deals throughout the Asia-Pacific region and is recognized as a go-to lawyer for complex, cross-border transactions in the life sciences, real estate, automotive, and manufacturing industries,” said Andy Levine, Co-Leader of Jones Day’s Corporate Practice. “His legal skills and client-centric approach in M&A and PE is a welcome addition to our impressive team in Asia, and we are delighted to have him joining Jones Day.”

At Jones Day, Voon joins the Firm’s global Corporate Practice, which encompasses M&A and Private Equity. In the last five years, Jones Day has advised clients on more than 3,000 M&A transactions collectively valued at $1.5 trillion.

“While certain global legal practices are withdrawing from Mainland China and Hong Kong, the fact that a lawyer of Frank’s stature is joining us at this time highlights our dedication to the professional and commercial sectors in this region,” said Joelle Lau, Partner-in-Charge of Jones Day’s Hong Kong Office. “With our Hong Kong presence established almost four decades ago and with 10 locations across Asia-Pacific, we are committed to supporting clients throughout this region. I am thrilled that Frank has decided to join Jones Day and know he will be an incredible asset to our clients here.”

Voon’s arrival comes on the heels of the recent addition of Ming Kong, a U.S. trained capital markets partner to Jones Day’s Hong Kong Office. Kong has an impressive track record of guiding companies in Greater China through their most critical milestones, from pre-IPO financing through listing and beyond. He acts as the lead drafting counsel representing industry-leading companies in connection with a wide variety of capital markets transactions, including some of the most high-profile and high-value deals in the market. The Firm also added a Corporate partner in Singapore, Parveet Singh, who steers clients through complex, high-stakes, cross-border deals in Asia Pacific as well as on outbound transactions into the United States and Europe proposed.”

Voon has been recognized by Chambers and Partners’ Global and Greater China Region guides for Corporate/M&A lawyers, by The Legal 500 Asia Pacific as a “Recommended Lawyer” and by Best Lawyers for Project Finance and Development in China.

“This is a thrilling time to be joining Jones Day’s deep and globally integrated bench of attorneys,” said Voon. “I am excited to have the opportunity to build on the firm’s impressive achievements in the Asia Pacific region, and I look forward to helping support our clients in achieving their strategic goals in the increasingly complex transactional and regulatory landscape.”

Jones Day is a global law firm with 2,500 lawyers in 40 offices across five continents. The Firm is distinguished by: a singular tradition of client service; the mutual commitment to, and the seamless collaboration of, a true partnership; formidable legal talent across multiple disciplines and jurisdictions; and shared professional values that focus on client needs.

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