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

Investors Target Vietnam’s Pharmaceutical Sector Following Free Trade Agreement with the UK

Sep 2023 Vietnam, Healthcare

The UK-Vietnam Free Trade Agreement (UKVFTA), along with other new-generation trade agreements, offers Vietnam significant chances to attract more foreign direct investment ...

South Korea Company to Assist Vietnam Tackling Plastic Waste

Sep 2023 Vietnam, Environment

City Oil Field, a waste recycling firm from South Korea, has recently struck a commercial deal with Vietnam’s largest environmental company BIWASE for recycling waste ...

Vietnam and Singapore to Collaborate on Joint Offshore Renewable Energy Project

Sep 2023 Singapore, Vietnam, Energy, Environment

During an official state visit of Singapore’s Prime Minister to Vietnam, Petrovietnam Technical Services Corporation (PTSC) and Singapore’s Sembcorp Utilities Pte Ltd were ...

Monocrystalline Wafer Production from Leading Photovoltaics Company Commences in Vietnam

Sep 2023 Vietnam, Manufacturing

Leading photovoltaics company Trina Solar has started producing 210 mm monocrystalline wafers at its factory in the Vietnamese northern city of Thai Nguyen. The wafers, ...

Finland’s Marimekko Expands to Southeast Asia, Starting with Vietnam and Malaysia

Sep 2023 Malaysia, Vietnam, Retail/FMCG

As part of a franchise agreement with the Jaspal Group, the Finnish lifestyle company Marimekko is speeding up its Southeast Asian growth strategy, with the aim of entering ...

Vietnam and Singapore Bolster Framework for Economic Collaboration

Sep 2023 Singapore, Vietnam, Economy

In August 2023, Vietnam and Singapore agreed to broaden the scope of their bilateral economic cooperation and inked agreements in several sectors, including the green economy ...

Czech’s AERO Vodochody Ready to Deliver Vietnam’s First L-39NG Trainers

Sep 2023 Vietnam, Defense/Aerospace

Czech Republic’s AERO Vodochody has finalized the construction of the first serial production L-39NG advanced trainer for the Vietnam Air Force. This aircraft is included in ...

Australia’s Funding Scheme to Facilitate Agritech Innovation in Vietnam

Sep 2023 Vietnam, Agrifood

The Innovation Partnership Grants, a funding scheme backed by the Australian government, has recently announced to provide AUD 2 million (USD 1.3 million) to capitalize on ...

Levi Opens Its Largest Store in the Philippines

Aug 2023 Philippines, Retail/FMCG

The American brand Levi is expanding its footprint in Southeast Asian with the opening of its one largest store in the Philippines, located in SM North EDSA, a large shopping ...

US Company to Build the Philippines’ First E-bike Plant

Aug 2023 Philippines, Manufacturing

The American Zero Motorcycles has partnered with the manufacturing arm of Filipino conglomerate Ayala Corporation to build the Southeast Asian country’s first high-powered ...

US Company to Develop Dedicated Satellite to the Philippines

Aug 2023 Philippines, Defense/Aerospace, ICT

San Francisco-headquartered Astranis, which ranks among the world’s leading operators of dedicated communications satellites, has just revealed that it is collaborating with ...

Australian Companies to Invest in Civil Aviation Complex in the Philippines

Aug 2023 Philippines, Defense/Aerospace, Economy

It has been recently reported that several companies from Australia are exploring investing in Clark’s civil aviation complex in the Philippines. According to representatives ...

Malaysian Firm to Invest USD 20 Million for Cattle Raising and Milk Production in the Philippines

Aug 2023 Philippines, Agrifood

Malaysian dairy company Farm Fresh Berhad is working with the Philippine government for its planned investment of USD 20 million for cattle breeding intended for milk ...

Thailand’s EGAT Charts Its Green Energy Future

Aug 2023 Thailand, Energy, Environment

The Electricity Generating Authority of Thailand (EGAT) recently highlighted how the state-owned enterprise is aiming to diversify energy sources, optimize green initiatives ...

Thai Union Commits USD 178 Million for Sustainability Goals

Aug 2023 Thailand, Agrifood

Thai seafood giant Thai Union has just announced new ambitious climate targets, including an ambition to achieve net zero ambitions by 2050, describing itself as the first ...

Thai Companies Collaborate to Develop Drone Technology

Aug 2023 Thailand, Defense/Aerospace

Thai company Advanced Info Service (AIS) is collaborating with AI & Robotics Ventures (ARV), a subsidiary of PTT Exploration and Production (PTTEP), to deploy an ...

Thailand to Incentivize Film Production in the Wake of Korea Drama Success

Aug 2023 Thailand, Economy

The government of Thailand has recently announced plans to introduce additional tax breaks and other incentives aimed at incentivizing foreign film producers to conduct their ...

Singaporean Company Advances Production of Green Steel in Thailand

Aug 2023 Singapore, Thailand, Environment, Manufacturing

Singaporean steel company Meranti Steel has taken a significant step towards new green steel production in Thailand as it establishes a strategic cooperation with Bangkok ...

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