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
Vietnam’s Gas-to-Power Initiatives Secure USD 12 Billion Investment
Vietnam Oil and Gas Group (Petrovietnam or PVN) has entered into multiple agreements with its partners to advance an integrated development project, which includes a gas ...
Vietnam and Switzerland Advance Economic and Trade Cooperation
In June 2024, the Vietnamese Embassy in Switzerland and the Swiss-Viet Economic Forum (SVEF) hosted the Vietnam-Switzerland Economic Forum themed “Strengthening Ties, ...
US Transport Giant FedEx Ready to Expand Presence in Vietnam
According to FedEx Express’ president and CEO Richard Smith, the US transport giant FedEx is planning to enhance its logistics operations at Tan Son Nhat International ...
Vietnam and Ireland to Cooperate on Agri-food Initiatives
In June 2024, Vietnamese Deputy Minister of Planning and Investment Do Thanh Trung and Ireland’s Minister of State Martin Heydon signed a Memorandum of Understanding ...
South Korea Pharma Specialist to Establish Advanced Primate Research Institute in Indonesia
In June 2024, Daewoong Pharmaceutical revealed its plans to collaborate with Indonesia’s Bogor Agricultural University (IPB), highly regarded for its veterinary ...
US Cybersecurity Company Palo Alto Networks Invests in New Cloud Facility in Indonesia
In June 2024, Palo Alto Networks, an American cybersecurity firm, announced the opening of a new cloud location in Indonesia. This new cloud infrastructure provides ...
Indonesian Ports Cut Wait Times with Facial Recognition Technology
Indonesia’s immigration authorities have implemented the HID U.ARE.U Camera Identification System as the facial recognition element for the automated border crossing ...
Indonesia and Finland Strengthen Collaboration in Green Energy and Smart Cities
The Foreign Affairs Minister of Indonesia and Finland’s Foreign Minister convened in Helsinki in June 2024 to explore enhancing bilateral collaboration, particularly ...
Vietnamese EV Manufacturer VinFast Expands to Indonesia, Targets Annual Production of 300,000 EVs
VinFast, the Vietnamese electric vehicle (EV) manufacturer under Vingroup, is advancing its plans to establish a manufacturing presence in Indonesia by the end of 2025. In a ...
Japan’s Nitori Group Sets Foot in Indonesia, Marking 10th Expansion in Asia
Nitori Holdings Co., Ltd., headquartered in Sapporo, northern Japan, has revealed plans to open an inaugural store in Indonesia. The goal is to speed up further store ...
Singapore’s Sembcorp to Pioneer Indonesia’s First Utility-Scale Solar and Energy Storage Project
Sembcorp Industries (Sembcorp) has revealed that its wholly-owned subsidiary, PT Sembcorp Renewables Indonesia, has established a joint venture with PT PLN Nusantara ...
Indonesia Collaborates with Australian Livestock Specialist on Food Security
The Ministry of Cooperatives and SMEs (Kemenkop UKM) is embarking in a cooperation with the Australian livestock company Austrex to enhance the governance of ...
Indonesia’s Electronics Specialist and Thales Form Joint Venture to Enhance Indonesian Defense
PT Len Industri and Thales celebrated a significant milestone in May 2024 with the signing of a joint venture agreement in Jakarta. The ceremony was attended by the Deputy ...
Indonesia Strengthens Workforce Collaboration with Switzerland
The governments of Indonesia and Switzerland have committed to pursuing stronger cooperation in the manpower sector, the Indonesian Manpower Minister stated after meeting ...
Japan-based Erex Signs MOU with a Vietnamese Locality to Facilitate Biomass Power Generation Projects
Erex, based in Tokyo, has entered into a Memorandum of Understanding (MOU) with Lao Cai Province of Vietnam to explore the development of new biomass power generation ...
Vietnam’s Retail Real Estate Market Attracts Foreign Players
Vietnam’s retail real estate market is flourishing in both scale and quality, with major city shopping centers maintaining occupancy rates above 90%, according to a ...
Nebula Energy’s Subsidiary AG&P LNG Collaborates with Vietnam to Develop an LNG Terminal
Nebula Energy’s Dubai-based subsidiary, AG&P LNG, along with its partner, Vietnam’s Hai Linh Company, has announced the commencement of commissioning ...
Sumimoto Seika Chemicals Constructs New Production Facility in Singapore
Japanese chemicals manufacturer Sumitomo Seika Chemicals Co., Ltd. has commenced construction of a new production facility on Jurong Island of Singapore. This new plant will ...
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