In August 2024, the Petrovietnam Technical Services Corporation (PTSC) and its Singaporean partner, Sembcorp Utilities Pte Ltd, held a ceremony to officially transfer contract packages related to wind and hydrological measurements and geological surveys. These...
Vietnam and the United Arab Emirates (UAE) are actively pursuing negotiations for a Comprehensive Economic Partnership Agreement (CEPA) to enhance trade and investment ties. In July 2024, officials from Vietnam’s Ministry of Industry and Trade (MoIT) met with...
US-based Universal Alloy Corporation (UAC), a leading manufacturer of composite components for the aerospace industry, is advancing with phase two of its investment in its Vietnam factory to increase production capacity. The project, located in Danang Hi-tech Park on...
The Australian Government’s Aus4Innovation program has granted AUD 1.45 million (nearly USD 1 million) to boost collaboration between Australian universities and Vietnam’s innovation ecosystem, aiming to support sustainable agriculture in Vietnam. Managed by...
Indonesian authorities have approved Eni SPA, an Italian multinational energy company, for its offshore Gehem and Geng North fields development plan. The plan includes constructing a new production hub with a capacity of approximately two billion cubic feet of gas per...
Indonesia has signed a purchase agreement with ACWA Power, a Saudi-based developer of power and water desalination projects, to develop the 92 MWp Saguling floating solar power plant in West Java. This collaboration marks a key step in advancing the country’s...
The Indonesian government has eased its local content requirements in the energy sector to attract concessional funding for renewable energy projects from international development banks, according to a report from Reuters. The news agency cited the Deputy Minister of...
Turkish defense firms Aselsan and Roketsan have entered into strategic agreements with Indonesia for defense industry transfers under the coordination of Türkiye’s Presidency of Defense Industries (SSB). These agreements were signed in Jakarta, marking a...
The Agriculture Ministry is setting aside 1.5 million hectares of land for dairy farming to support the President-elect’s Free Meal Program, which seeks to provide lunch and milk to students nationwide. This land allocation will facilitate the import of 1.5...
Thailand aims to finalize the Thailand-EFTA Free Trade Agreement, marking its first Free Trade Agreement (FTA) with European nations. The agreement, involving Iceland, Liechtenstein, Norway, and Switzerland, is set to be completed in 2024, while negotiations for the...
Lockheed Martin has introduced an industrial participation proposal for its F-16 Block 70/72, aimed at securing Thailand’s future fighter jet program. The defense company emphasizes local economic benefits and training initiatives, while rival Saab presents its Gripen...
The International Chamber of Commerce recommends Thailand establish small modular nuclear power plants to support data center operations and reduce electricity costs. The chamber chairman, Montri Mahaplerkpong, emphasized the need to revise Thailand’s energy...
