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

Swedish Cancer Care Company Opens Office in Thailand

Elekta, a global Swedish company that develops and produces radiation therapy and radiosurgery-related equipment and clinical management for the treatment of cancer and brain ...

Canadian Solar Commences PV Wafer Production in Thailand

Canadian Solar, headquartered in Guelph, Ontario, recently announced that it is establishing a 5 GW solar photovoltaic (PV) wafer production facility in Chonburi, Thailand. ...

Battery Maker Svolt Energy Inaugurates Production Line in Thailand

Battery maker Svolt Energy just inaugurated its first battery pack production line at its Thailand plant. The pack is Svolt Energy’s LCTP battery pack with a capacity ...

Japanese Automakers Propels Thailand’s EV Sector Investing USD 4.3 Billion

Reuters has recently reported that leading auto manufacturers from Japan have plans to invest THB 150 billion (USD 4.34 billion) in Thailand over the next five years, ...

Thai Aerospace Industries Partners with Satellite Company for Connectivity Services

Thai Aerospace Industries (TAI), an aerospace and aviation services company headquartered in Bangkok, is partnering with Rivada Space Networks to bring highly reliable and ...

Sun Valley Launches Korean-style Snacks in Thailand

Sun Valley, a leading exporter of ready-to-cook chicken products in Thailand part of Cargill, recently launched two new offerings to the market under the concept of “Snack ...

Malaysia and Japan to Promote Bilateral Defense and Maritime Security Cooperation

Malaysia’s Prime Minister, Anwar Ibrahim, and Japan’s Prime Minister, Fumio Kishida, have reached an agreement for bilateral defense and maritime security ...

Bioalpha to Develop Innovative Langkawi Agro Park with USD 3.18 Million Investment

Bioalpha Wellness Sdn Bhd, a fully-owned subsidiary of Bioalpha Holdings Bhd, is gearing up for the development of an 8-acre agro park with a budget of MYR 15 million (USD ...

Vietnam and Denmark Collaborate for Sustainable Agriculture Development

In November 2023, a sustainable agriculture and food delegation from Denmark visited Ho Chi Minh City to share experiences with local partners and businesses seeking ...

Vietjet Air to Team with SAF One to Promote Sustainable Fuels in Vietnam

In November 2023, Vietnam’s low-cost carrier Vietjet Air and aviation solution provider SAF One inked a memorandum of understanding (MoU) to partner on the provision of ...

US Chipmaker Nvidia to Set R&D Base in Vietnam

Nvidia confirmed intentions to deepen collaboration with high-tech companies in Vietnam, with a focus on fostering local expertise in artificial intelligence (AI) and digital ...

Tokyo Gas to Construct USD 2-billion LNG Power Plant in Vietnam

In December 2023, Vietnam granted an investment license to a consortium comprising Tokyo Gas, Kyuden International, and Truong Thanh Group for the construction of an ...

Vietnamese Carmaker and Japanese Conglomerate to Recycle EV Batteries in Vietnam

Japanese conglomerate Marubeni Corporation and VinFast, Vietnam’s first automobile manufacturer established by Vingroup JSC, signed a memorandum of understanding (MoU) in ...

FPT Medicare and Nipro Partner for Digital Medical Devices in Vietnam

Nipro, Japan’s multinational medical corporation, has recently partnered with FPT Telecom’s FPT Medicare on a strategic cooperation agreement to deliver digital medical ...

QuadGen to Team with Viettel to Produce 5G Equipment

QuadGen Wireless Solutions, an Indian company specializing in network and engineering services, has formed a collaboration with Viettel High Tech, a state-owned telecom major ...

Vietnam to Seek Investments to Expand Hanoi’s International Airport and Da Nang Airport

According to Vietnam’s Ministry of Transport (MoT), the international terminal at Hanoi’s Noi Bai Airport is set to undergo expansion in 2024, with plans to boost ...

Hitachi Energy Inaugurates New Transformers Factory in Vietnam

Hitachi Energy recently inaugurated a new transformers factory in Bac Ninh province of Vietnam. The new facility specializes in liquid-filled power and distribution ...

PepsiCo to Construct USD 90-million Snack Plant in Vietnam

PepsiCo, Inc. has announced ambitious plans to invest USD 90 million in the construction of a snack plant in Ha Nam Province of Vietnam. The new facility, which will occupy ...

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