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

IFC Supports Vietnam in Turning the Waste Issues into Energy Solutions

Jan 2022 Vietnam, Environment

In December 2021, the International Finance Corporation (IFC), a member of the World Bank Group, signed an agreement with T&J Green Energy Company Limited to provide a ...

Yeo’s Invests USD 4.8 Million in High-Speed Combi Line to Boost Food and Beverage Production

Nov 2021 Malaysia, Retail/FMCG

Yeo Hiap Seng (Yeo’s), Malaysia’s leading food and beverage firm, has announced its investment of MYR 20 million (USD 4.8 million) in a high-speed combi production and ...

World’s1st Carbon Neutral Bicycle Tire Production Facility in Thailand

Nov 2021 Thailand, Manufacturing

In September 2021, Italian bicycle manufacturer Vittoria Group announced the construction of a new factory in Thailand. The USD 20 million investment will see the company’s ...

Vietnam’s Software Industry Thrives Amidst the Covid Pandemic

Nov 2021 Vietnam, ICT

Although the Covid-19 pandemic severely affected many companies, it has created new opportunities for several industries in Vietnam, including software. In the first ...

Vietnam’s Economy Predicted to Register Positive Growth

Nov 2021 Vietnam, Economy

According to Vietnam Briefing, while Vietnam is still enduring the economic disruptions caused by the Covid-19 pandemic, it has enough pull factors to persuade investors to ...

Vietnam to Have the Largest Gene Decoding Center in Southeast Asia

Nov 2021 Vietnam, Healthcare

In October 2021, Vietnam's National Innovation Center (NIC) signed an agreement with Genetica to build Southeast Asia's largest gene decoding center in Vietnam, which is ...

Vietnam to Have Nine New Railway Routes by 2030

Nov 2021 Vietnam, Infrastructure

Vietnam's Ministry of Transport has announced that the country aims to construct nine new rail routes, consisting of 2,362 kilometers, by 2030, as a plan to upgrade the ...

Vietnam Seeks Collaborations for Rainfall Collection and Purification Technology

Nov 2021 Vietnam, Environment

The Institute of Strategy and Policy on Natural Resources and Environment (ISPONRE) is looking for international collaboration opportunities in the field of rainfall ...

Vietnam Expected to Ease Tariffs on US Pork

Nov 2021 Vietnam, Agrifood

According to the Ministry of Agriculture and Rural Development, Vietnam is planning to reduce US pork tariffs in order to further alleviate trade tensions with the country's ...

USD 218 Million Projected to Upgrade Noi Bai Airport’s International Terminal

Nov 2021 Vietnam, Defense/Aerospace

According to the Airports Corporation of Vietnam (ACV), the upgrading of Terminal 2 (T2) at Noi Bai International Airport in the capital Hanoi would cost more than VND 4.98 ...

US Supports Energy Storage Project in Vietnam

Nov 2021 Vietnam, Energy

A Vietnamese enterprise has been awarded USD 2.96 million by the US Consulate General in Ho Chi Minh City for the implementation of an advanced energy storage pilot project ...

UNO Technologies, Aetos Pharma Collaborate for Malaysia’s Healthcare Tech Transformation

Nov 2021 Malaysia, Healthcare

Singapore’s rapidly growing Medical Technology (MedTech) firm, UNO Technologies, has just announced its expansion into Malaysia by teaming up with Aetos Pharma, a local ...

Uniqlo Invests in Both Offline and Online Channels in Singapore

Nov 2021 Singapore, Retail/FMCG

In its twelfth year of operation, with 26 stores in Singapore and approximately 1,400 employees, Uniqlo now plans to open more brick-and-mortar stores in the country. Despite ...

Turkish FMCG Firm to Build Regional Hub in Vietnam

Nov 2021 Vietnam, Retail/FMCG

Hayat, a Turkish FMCG firm, has officially launched its flagship diaper brand Molfix in Vietnam. The company announced earlier in 2021 that it plans to invest USD 250 million ...

Treated Wastewater Volumes Increase in Metro Manila

Nov 2021 Philippines, Environment

Thanks to more facilities being built, the volume of treated wastewater in Metro Manila has increased between 2010 and 2019. The percentage of wastewater collected and ...

The Green Climate Fund Approves USD 34 Million Project for Flood Control and Adaptation in Thailand

Nov 2021 Thailand, Environment

In October 2021, the Green Climate Fund approved a project aimed at enhancing climate resilience in Thailand through flood control and adaptation. In Thailand's Chao ...

Thailand’s E-Commerce to Reach USD 120 Billion in 2021

Nov 2021 Thailand, Retail/FMCG

According to the Electronic Transactions Development Agency (ETDA), in 2020, e-commerce in Thailand was ranked as the 26th largest market globally, with revenues of USD8 ...

Thailand Approves Incentive Package to Promote Industry 4.0 Transformation

Nov 2021 Thailand, Economy

In October 2021, the Thailand Board of Investment (BOI) approved incentives to encourage companies to speed up Industry 4.0 transformation. It reported that total investment ...

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