Pengerang Energy Complex (PEC) has secured project financing of USD 3.5 billion from leading export credit agencies (ECA) and Islamic financing entities to develop a state-of-the-art low-carbon petrochemicals facility in Malaysia. The financing agreement was ratified...
Malaysia has demonstrated strong investor confidence with approved investments totaling MYR 254.7 billion (USD 56.58 billion) for the first nine months of 2024, reflecting a 10.7% year-on-year growth and the creation of over 159,000 jobs. Investment, Trade and...
The world’s first palm oil mill utilizing artificial intelligence (AI) technology has been launched in Kuala Kangsar, Malaysia, marking a significant advancement for the palm oil industry. The initiative was unveiled by Plantation and Commodities Minister Datuk...
The Malaysian government has announced a significant initiative to lease 28 AW149 medium helicopters from Italy’s Leonardo, with a contract valued at USD 3.4 billion over a 15-year period. This announcement was made by Defence Minister Datuk Seri Mohamed Khaled...
Sojitz Corporation, a Japanese conglomerate, has officially commenced operations at one of Vietnam’s largest beef processing plants located in Tam Dao, Vinh Phuc Province, as of December 17, 2024. This facility is pioneering in Vietnam as it is the first to...
Vietnam’s Prime Minister (PM) Pham Minh Chinh welcomed a delegation of aerospace, defense, and security companies from the US-ASEAN Business Council (USABC) in Hanoi in December 2024. The delegation, led by USABC senior vice-president Brian McFeeters and I.M....
Vietnam has demonstrated impressive growth in foreign investment in 2024, attracting over USD 27.26 billion as of October, marking a 1.9% increase from the previous year. The processing and manufacturing sector received the largest share, with USD 17.1 billion,...
Vietnam’s Power Engineering Consulting JSC 2 (PECC2) has entered into a collaboration with the US solar manufacturer First Solar to utilize the direct power purchase agreement (DPPA) mechanism and distribute photovoltaic (PV) modules. The memorandum of understanding...
Recover, a leading global producer of recycled cotton fiber based out of Spain has announced the opening of a new manufacturing facility in Dong Nai province, Vietnam, as part of its global expansion strategy. Set to begin operations in early 2025, this facility will...
An Australian biotechnology company, Core8 Group, has announced plans to establish Vietnam’s first AI-driven hospital, named the MedArmor AI Hospital, which will focus on preventive healthcare through advanced technology. The facility aims to enhance early...
Nvidia has signed an agreement with the Vietnamese government to establish two significant facilities: the Vietnam Research and Development Center (VRDC) and an AI data center. This collaboration aims to position Vietnam as a leading hub for artificial intelligence...
Aeon Mall Vietnam, a subsidiary of the Japanese retail giant Aeon Mall, has officially commenced construction on its largest mall in Vietnam, the Aeon Mall Thanh Hoa, with an investment of VND 4,157 billion (USD 163.8 million). The groundbreaking ceremony took place...
