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

Ayala’s Energy Arm Invests USD 274 million More in Wind and Solar Projects in the Philippines

Jan 2022 Philippines, Energy

AC Energy Corporation, the energy firm of the Ayala Group, inked subscription agreements totaling PHP 14 billion (USD 274 million) in late December 2021 for its two ...

Water Quality Improvement in Manila Bay in 2021, Rehab to Continue in 2022

Jan 2022 Philippines, Environment

The Philippines Department of Environment and Natural Resources (DENR) has reported significant gains in the water quality of Manila Bay in 2021 as it vows to carry on its ...

Lego Invests in a Billion Dollar Factory in Vietnam

Jan 2022 Vietnam, Manufacturing

In December 2021, the LEGO Group signed a Memorandum of Understanding with Vietnam Singapore Industrial Park Joint Venture Company Limited (VSIP) to build a new factory in ...

EVN Commences Electricity Transmission Line Project between Laos and Vietnam

Jan 2022 Vietnam, Infrastructure

The state-owned company Vietnam Electricity (EVN) and Power Project Management Board 1 have started the construction of a 220 kV transmission line between Nam Mo (Laos) and ...

Vietnam Promotes Digital Transformation at the Provincial Level

Jan 2022 Vietnam, ICT

The northern province of Bac Giang aims to deploy a series of solutions to accelerate the implementation of digital transformation and develop the provincial digital economy. ...

South Korea’s KT Corporation and Vietnam’s National Cancer Center Collaborate on AI-based Medical Research

Jan 2022 Vietnam, Healthcare

KT Corporation, a South Korean telecommunications company, signed an MOU with Vietnam's National Cancer Center in December 2021 to promote early cancer diagnostic technology ...

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 ...

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