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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

New USD 1.1 Billion Viscose Rayon Production Facility Unveiled in Indonesia

Mar 2020 Indonesia, Manufacturing

In late February 2020, President Joko Widodo inaugurated Indonesia’s largest integrated viscose rayon production facility for Asia Pacific Rayon (APR), which is part of Royal ...

Indonesian Customs Adopting Blockchain-Enabled Platform from Maersk and IBM

Mar 2020 Indonesia, ICT

Indonesia's Customs and Excise Department under the Ministry of Finance has announced the adoption of the blockchain-enabled TradeLens platform in Indonesia. The ...

Indonesia to Develop First National Circular Economy Strategy

Mar 2020 Indonesia, Environment

The United Nations Development Program (UNDP), in partnership with the Indonesian Ministry of National Development Planning (Bappenas) and with the support of the Government ...

Indonesia Planning to Relax Drug Patent Rules to Boost Domestic Pharmaceutical Industry

Mar 2020 Indonesia, Healthcare

The Indonesian federal government is planning to relax standards on drug patents with an omnibus bill on job creation to support the country's pharmaceutical ...

Indonesia Hires AECOM, Mckinsey and Nikken Sekkei to Design New Capital

Mar 2020 Indonesia, Infrastructure

American engineering company AECOM, strategy consulting firm McKinsey & Company and Japanese architectural and engineering firm Nikken Sekkei will be involved in ...

Indonesia and Netherlands Sign USD 1 Billion with of Trade Deals During Royal Visit

Mar 2020 Indonesia, Economy

During the visit of King Willem-Alexander and Queen Maxima of the Netherlands to Indonesia in March 2020 25 business agreements worth USD 1 billion, covering wide ranging ...

Indonesia Aims to Double Gas Production by 2030 in Bid to Reduce Trade Deficit

Mar 2020 Indonesia, Energy

Indonesia is striving to double gas production over the next 10 years to 12.3 billion cubic feet per day as it sets to become one of the world’s top exporters with major ...

Indonesia Agrees to US Military Grant of Drones and Helicopters

Mar 2020 Indonesia, Defense/Aerospace

The Indonesia’s Defense Ministry has agreed to accept the United States’ military grant consisting of 14 Insitu ScanEagle drones and 3 Bell 412 helicopters. The military ...

Vietnam to Remove Limit 49% of Foreign Investors’ Capital Contribution for Intermediary Payment Firms

Feb 2020 Vietnam, ICT

In the draft decree replacing Decree 101/2012 / ND-CP stipulating non-cash payment submitted to the Government in June 2020, the State Bank of Vietnam (SBV) is expected not ...

Vietnam and US Collaborating for Satellite Observations on Environmental Changes

Feb 2020 Vietnam, Defense/Aerospace

US space agency National Aeronautics and Space Administration (NASA) is collaborating with the Vietnam National Space Centre (VNSC) for satellite observations on land use and ...

USD 117 Million Automobile Assembly Complex Approved in Thua Thien-Hue Province

Feb 2020 Vietnam, Manufacturing

Bach Viet Automobile Manufacturing Industry JSC received in principle approval for a VND 2.7 trillion (USD 117.4 million) project to develop a 50 hectare automobile assembly ...

Singapore Company to Build USD 4 Billion LNG-fired Thermal Plant in Vietnam

Feb 2020 Vietnam, Energy

The People’s Committee of Bac Lieu Province, Vietnam granted an investment certificate to Singapore’s Delta Offshore Energy Pte Ltd Co to develop a USD 4 billion liquefied ...

Pharmacity Targeting Expansion to 1000 Stores by End 2021

Feb 2020 Vietnam, Retail/FMCG

Vietnam’s largest pharmacy retailer, Pharmacity, plans to open 350 new stores this year and reach 1000 stores by the end of next year. In February 2020, Pharmacity raised ...

Ho Chi Minh City Launches Trial Smart Health and Smart Education Operation Centers

Feb 2020 Vietnam, Healthcare

As a part of the project to turn Ho Chi Minh City (HCMC) into a smart city, pilot models of operation centers for smart health and smart education, were launched in February ...

Grab Launches Early Stage Startup Accelerator in Vietnam

Feb 2020 Vietnam, ICT

In February 2020, Grab, South East Asia’s leading ride hailing firm, announced the launch of Grab Ventures Ignite, an accelerator program for early-stage startups, as part of ...

EU Investors to Have the Opportunity to Hold 49% Stake in Two Vietnamese Banks

Feb 2020 Vietnam, Economy

EU investors will have opportunity to hold up to 49% charter capital at two Vietnamese banks under Vietnam's commitments in the EU-Vietnam Free Trade Agreement (EVFTA). The ...

Construction Begins on USD 96 Million Industrial Park in Bac Ninh

Feb 2020 Vietnam, Infrastructure

Construction has started in late January 2020 for the 221-hectare Yen Phong II-C Industrial Park in the northern province of Bac Ninh. The industrial park represents an ...

70 New Air Quality Monitoring Stations to be Installed in Hanoi by End-2020

Feb 2020 Vietnam, Environment

Hanoi, the capital city of Vietnam, is planning to install 70 air monitoring stations by the end of this year, adding to the current 11 monitoring stations. The installation ...

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