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
German Companies Eye Collaboration with Indonesian Electronics Producer in Renewable Energy Infrastructure
PLN Nusantara Power, a subsidiary of Indonesia’s state-owned electricity provider, PLN, recently engaged in talks with representatives from nine German companies to explore ...
Indonesia and Britain Forge Partnership on Critical Minerals
Britain has signed a memorandum of understanding with Indonesia to collaborate on critical minerals, according to a statement from the UK’s embassy in Jakarta. The agreement ...
Indonesia to Create New Military Branch for Cyber Defense
The Indonesian government is set to create a new military branch focused on cyber defense. This initiative was prompted by an order from the President during a recent meeting ...
Indonesia and Brazil Establish USD 290 Million Partnership for Dairy Cattle Development
PT Asiabeef Biofarma Indonesia has signed a memorandum of understanding (MoU) with Agropecuaria 31 (31 Group) for the importation of 100,000 tropical dairy cattle from ...
Viettel Partners with Ericsson and Nokia for Comprehensive 5G Deployment in Vietnam
Vietnam’s leading telecommunications company Viettel has recently expanded its long-term collaboration with Ericsson by selecting the Swedish company to lead the majority of ...
Thailand’s Central Retail Opens New Shopping Mall in Northern Vietnam
Central Retail, Thailand’s leading retailer, inaugurated its 40th GO! mall in Ha Nam province on Saturday. The 1.4-hectare facility, which required an investment of VND ...
Danish Conglomerate Explores Investment in Vietnam’s Deepwater Ports and Logistics Infrastructure
Danish conglomerate A.P. Moller Holding is planning to invest in deepwater ports and logistics infrastructure throughout Vietnam, with the goal of establishing the country as ...
Samsung Display Invests USD 1.8 billion in New OLED Plant in Vietnam
The South Korean display manufacturer Samsung Display is set to establish a USD 1.8 billion organic light-emitting diode (OLED) production line in Vietnam, focusing on small- ...
South Korea’s Celltrion Establishes Subsidiary in Vietnam to Expand Biopharmaceutical Market
South Korea’s Celltrion has successfully set up a local subsidiary in Vietnam, a pivotal market within the ASEAN pharmaceutical landscape. The company aims to secure ...
Australian Businesses Seek Collaboration with Vietnam on Rare Earth Resource Development
Australian businesses are eager to assist their Vietnamese counterparts in the efficient exploitation, processing, and utilization of rare earth resources, according to the ...
South Korean Company to Advance Rooftop Solar Energy in Vietnam
Vietnam’s CME Solar Investments has formed a joint venture with Vista Global, a subsidiary of Samsung C&T under the South Korean tech conglomerate Samsung, to advance ...
Vietnam and the United States to Enhance Agricultural Trade
The United States and Vietnam are working to enhance agricultural trade, driven by rising demand for high-quality products in both nations.
In September 2024, the US ...
Vietnam and the US Sign USD 1.1 Billion Agreement for Greener Aviation
Vietjet and Honeywell Aerospace Technologies have signed a USD 1.1 billion cooperation agreement to provide advanced avionics and technical services for Vietjet’s ...
Vietnamese and American Firms Strengthen Partnership in Energy, AI, and Aviation
In September 2024, Vietnamese and U.S. companies signed several memorandums of understanding (MoUs) to collaborate on energy, artificial intelligence (AI), and data center ...
BoomGrow and CelcomDigi Forge Strategic Partnership to Revolutionize Malaysia’s Agriculture with 5G, AI, and XR Integration
BoomGrow Productions Sdn Bhd, a Malaysian agritech company, has entered a strategic partnership with CelcomDigi Berhad to revolutionize Malaysia’s agricultural sector. ...
Malaysia’s Ministry of Defense Awards BHIC AeroServices USD 8.6M Helicopter Support Contract
The Malaysian Ministry of Defense (MINDEF) has awarded a five-year contract worth MYR 378 million (USD 8.6 million) to BHIC AeroServices (BHICAS), a subsidiary of Boustead ...
Malaysia’s Digital Investment Surges to USD 14.7 billion in the First Half of 2024
The Malaysian Ministry of Digital announced that the country’s digital investment reached MYR 66.22 billion (USD 14.7 billion) in the first half of 2024 (1H 2024), ...
Solarvest and Agmo Launch Joint Venture for Digital Clean Energy Solutions
Solarvest Holdings Berhad, a leading provider of clean energy solutions in Malaysia, has announced a strategic joint venture with Agmo Holdings Berhad, a digital solutions ...
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