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

Green Production to Become Key Concept for Vietnamese Exporters

Nov 2023 Vietnam, Environment

Vietnamese exporters are adjusting their businesses to the low-carbon consumption trend which is encouraging firms to implement green production. This is considered a ...

Vietnam to Release Strategy for Pharmaceutical Industry

Nov 2023 Vietnam, Healthcare

Vietnam’s Deputy Prime Minister Tran Hong Ha has recently cited Decision No. 1165/QD-TTg as a significant milestone in Vietnam’s pharmaceutical sector. The Decision includes ...

Vietnam and South Korea Sign MOU for Building AI Global Ecosystem in Vietnam

Nov 2023 Vietnam, ICT

Vietnam and South Korea have signed a Memorandum of Understanding (MOU) to develop artificial intelligence (AI) technology in five areas: medical, healthcare, smart cities, ...

Vietnam to Seek Investment to Develop Its Seaport System

Nov 2023 Vietnam, Infrastructure

Vietnam is planning to modernize its seaport system. There are 286 terminals with over 96km of quays in total nationwide at present, capable of handling over 706 million tons ...

US Semiconductor Assembly and Test Provider to Open Manufacturing Facility in Vietnam

Nov 2023 Vietnam, Manufacturing

In October 2023, Amkor Technology, the world’s largest US-headquartered OSAT (outsourced semiconductor assembly and test) service provider, announced the grand opening ...

Marriott International to Expand Portfolio in Vietnam with Three New Luxury Hotels

Nov 2023 Vietnam, Retail/FMCG

Marriott International has announced agreements to open three new luxury resorts in Vietnam. This marks the debut of two new brands into Vietnam – Ritz-Carlton Reserve and ...

Indonesia Welcomes MINISO’s First Sanrio-themed Outlet

Nov 2023 Indonesia, Retail/FMCG

Retailer and variety store chain MINISO recently launched its first IP-themed flagship store at Margo City Store in Indonesia, featuring Sanrio characters. This store is the ...

Indonesia Collaborates with Export Development Canada on Infrastructure Financing

Nov 2023 Indonesia, Infrastructure

PT Indonesia Infrastructure Finance (IIF) and Export Development Canada (EDC) have formalized a collaboration to expedite infrastructure financing in Indonesia. The ...

Developments in Indonesia’s Smart City Projects: Collaborations with KT and Thales

Nov 2023 Indonesia, ICT

In a move toward advancing smart city projects in Indonesia, South Korean telecom giant KT Corp. is partnering with Telkom Indonesia to enhance smart solutions in Nusantara, ...

UAE and Indonesia Sign Agreement for Cardiology Hospital Construction in Surakarta

Nov 2023 Indonesia, Healthcare

Indonesian Minister of Health, Budi Gunadi Sadikin, and Minister of State of the United Arab Emirates (UAE), Ahmed Ali Al Sayegh, recently signed a Cooperation Agreement for ...

Indonesia Receives GBP 27 Million Grant from the UK for Green Economy Growth

Nov 2023 Indonesia, Environment

Indonesia has received a grant of IDR 514 billion (GBP 27.2 million, or USD 33.5 million) from the United Kingdom to execute the second phase of the Low Carbon Development ...

Singapore and Indonesia Collaborate on Green Hydrogen Production and Export

Nov 2023 Indonesia, Energy

Singapore’s Sembcorp Utilities Pte Ltd and Indonesian state-owned utility company PT PLN have signed a joint development study agreement to explore the feasibility of ...

Indonesia and Czech Republic to Enhance Economic Cooperation

Nov 2023 Indonesia, Economy

Indonesia and the Czech Republic have agreed to enhance cooperation in various fields, including infrastructure, transportation, vocational education, energy and mineral ...

Italy Prepares Patrol Ships Sales to Indonesia

Nov 2023 Indonesia, Defense/Aerospace

Italy is in negotiations with Indonesia for the sales of two of its new PPA multi-purpose patrol vessels, an Italian minister reported to the Defense News. To expedite ...

Bella Bulgaria Launches USD 72 Million Food Project with Indonesian Firm

Nov 2023 Indonesia, Agrifood

Food company Bella Bulgaria and Indonesian firm Garuda Mitra Utama (GMU) signed a cooperation agreement during the Indonesia-Europe Business Forum in Jakarta. The ...

Japanese Corporation Invests in Thai Subsidiary to Commercialize Polymers from Inedible Biomass

Oct 2023 Thailand, Agrifood

Toray Industries recently announced an investment of over USD 8 million in Thai entity Cellulosic Biomass Technology Co., Ltd. in order to upgrade cellulosic sugar production ...

Thaicom Selects Airbus for New Generation Satellite

Oct 2023 Thailand, Defense/Aerospace

Thaicom Public Company Limited, a leading Asian satellite and space technology company based in Thailand, recently announced the selection of Airbus, a European leader in ...

Thailand Approves 20 Investment Projects from Taiwanese Electronic Companies

Oct 2023 Thailand, Economy, Manufacturing

The Board of Investment (BoI) of Thailand has recently greenlighted 20 investment projects worth over USD 820 million from Taiwanese electronics companies which are aiming to ...

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