Business News

Business news to help you keep track of the latest developments and identify new opportunities across key sectors in Southeast Asia

Monthly Business News to Help You Understand the Market

Japanese Conglomerate Launches Vietnam’s First Refrigerated Beef Processing Plant

Jan 2025 Vietnam, Agrifood

Sojitz Corporation, a Japanese conglomerate, has officially commenced operations at one of Vietnam’s largest beef processing plants located in Tam Dao, Vinh Phuc ...

Vietnam and US Strengthen Defense Ties at Defense Expo

Jan 2025 Vietnam, Defense/Aerospace

Vietnam’s Prime Minister (PM) Pham Minh Chinh welcomed a delegation of aerospace, defense, and security companies from the US-ASEAN Business Council (USABC) in Hanoi in ...

Vietnam Attracts Record Foreign Investment, Aims for Global Economic Leadership

Jan 2025 Vietnam, Economy

Vietnam has demonstrated impressive growth in foreign investment in 2024, attracting over USD 27.26 billion as of October, marking a 1.9% increase from the previous year. The ...

Vietnamese and American Companies Partner to Boost Renewable Energy in Vietnam

Jan 2025 Vietnam, Energy

Vietnam’s Power Engineering Consulting JSC 2 (PECC2) has entered into a collaboration with the US solar manufacturer First Solar to utilize the direct power purchase ...

Spanish Company Opens Advanced Recycling Facility in Vietnam for Sustainable Textile

Jan 2025 Vietnam, Environment

Recover, a leading global producer of recycled cotton fiber based out of Spain has announced the opening of a new manufacturing facility in Dong Nai province, Vietnam, as ...

Australian Ciotechnology Company to Establish Vietnam’s First AI-Driven Virtual Hospital

Jan 2025 Vietnam, Healthcare, Infrastructure

An Australian biotechnology company, Core8 Group, has announced plans to establish Vietnam’s first AI-driven hospital, named the MedArmor AI Hospital, which will focus ...

Nvidia to Establish AI R&D and Data Centers in Vietnam

Jan 2025 Vietnam, ICT

Nvidia has signed an agreement with the Vietnamese government to establish two significant facilities: the Vietnam Research and Development Center (VRDC) and an AI data ...

Aeon Mall Vietnam Begins Construction of its New Mall in Thanh Hoa

Jan 2025 Vietnam, Retail/FMCG

Aeon Mall Vietnam, a subsidiary of the Japanese retail giant Aeon Mall, has officially commenced construction on its largest mall in Vietnam, the Aeon Mall Thanh Hoa, with an ...

South Korean Group to Launch USD 80 Million Magnet Factory in Vietnam

Jan 2025 Vietnam, Manufacturing

South Korea’s Star Group Ind. (SGI) is set to launch its USD 80 million magnet manufacturing factory, SGI Vina Co., Ltd., in Quang Nam province, Vietnam. The project, ...

Vietnam Advances North-South High-Speed Railway Project

Jan 2025 Vietnam, Infrastructure

Vietnam has made significant strides in advancing its North-South high-speed railway project, with the National Assembly recently adopting a resolution for its development, ...

German Company Röhlig Logistics Opens Advanced Warehouse in Thailand

Jan 2025 Thailand, Infrastructure

German company Röhlig Logistics has inaugurated a new state-of-the-art warehouse in Thailand, strategically located within a Free Trade Zone near Laem Chabang Port. This ...

Thailand BOI Approves USD 302 Million Investment for Semiconductor Machinery Production

Jan 2025 Thailand, Manufacturing

The Thailand Board of Investment (BOI) has approved a significant investment of THB 10.5 billion (USD 302 million) by UNIQUE Integrated Technology Co., Ltd., a subsidiary of ...

DKSH Strengthens Healthcare Distribution Capabilities in Thailand

Jan 2025 Thailand, Healthcare

DKSH Business Unit Healthcare, a Strategic Healthcare Solutions Partner and leading provider of Market Expansion Services for pharmaceutical, over-the-counter (OTC), consumer ...

ADB and Gulf Energy Sign USD 820 Million Loan to Scale Up Solar and Battery Storage in Thailand

Jan 2025 Thailand, Energy

The Asian Development Bank (ADB) and Gulf Renewable Energy Company Limited have entered into a USD 820 million loan agreement to finance a portfolio of 12 renewable energy ...

GDS Invests USD 1 Billion in Thailand to Establish a Hyperscale Data Center Park

Jan 2025 Thailand, Economy

GDS International, a leading data center developer in Asia, has announced a significant investment of up to USD 1 billion to establish a hyperscale data center park in ...

Siriraj Hospital Integrates AI to Elevate Medical Research and Diagnosis

Jan 2025 Thailand, ICT

The Faculty of Medicine at Siriraj Hospital, Mahidol University, has announced the integration of artificial intelligence (AI) technology to enhance medical diagnostics and ...

South Korean Food Specialist Targets Thai Market with New Tempeh Snack

Jan 2025 Thailand, Retail/FMCG

South Korean food major CJ CheilJedang is accelerating its expansion in Thailand with the launch of a new snack product, O-Right Protein Tempeh Chips, developed through its ...

AAR and Air France Industries KLM Engineering & Maintenance to Form Joint Venture in Thailand

Jan 2025 Thailand, Defense/Aerospace

AAR CORP. and Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) have announced the formation of a new joint venture in the Asia-Pacific region, aimed ...

Explore Our Services