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
Vietnam’s Finance Ministry Announces VAT and Land Rent Payment Extension for Businesses
Vietnam's Ministry of Finance has announced a five-month extension of value-added tax (VAT), personal income tax and land rent fee payments worth around USD 1.3 billion for ...
Vietnam Aims to Achieve 100% Smartphone Penetration
According to a report in the Hanoi Times, the Vietnamese Ministry of Information and Communications plans to support the production of low-cost smartphones to make them ...
USD 107 million Investment Planned for 2020 to Improve Ha Long City’s Transport Infrastructure
Ha Long City will receive USD 107 million to improve its transport Infrastructure this year in a bid to transform the coastline into an attractive tourism destination. The ...
ST Engineering Exploring Airframe Maintenance Venture with Vietnam Airlines
Singapore-based ST Engineering is exploring the setting up of an airframe MRO joint venture (JV) in Vietnam with Vietnam Airlines and other potential airline partners to ...
Shopping Mall Developer Aeon Vietnam Announces USD 2 Billion Expansion Plans
Aeon Vietnam announced that they will invest an additional USD 2 billion to expand its network of commercial centers in the country. Iwamura Yasutsugu, the general director ...
MoU Signed in Vietnam for Public Private Collaboration in Plastic Waste Management
A Memorandum of Understanding (MoU) to build public private in plastic waste management collaboration towards a circular economy was signed in Hanoi on 19 February 2020. This ...
German companies Looking at Vietnam’s Healthcare Sector
With the EU-Vietnam Free Trade Agreement (EVFTA) expected to come into effect in July 2020, German healthcare multinationals and SMEs operating in Medical technology, ...
COVID-19 Accelerating Manufacturing Shift to Vietnam
In early March 2020, it was reported that the launch of Google’s latest smartphone, the Pixel 4a, may be delayed as production might not be able to reach sustainable levels ...
Water Management Plans Approved for Thailand’s Eastern Economic Corridor
On 6 March 2020, the Eastern Economic Corridor (EEC) Policy Committee of Thailand endorsed the water management plans for both the short and long terms. The EEC currently is ...
Total to Develop Solar Rooftops for Thai Food Company Betagro
Total, through its affiliate Total Solar Distributed Generation, has signed a binding contract to provide 25 MWp of solar rooftops for 24 facilities of one of the largest ...
Thai Pharma Company to Manufacture Three New Drugs for Complicated Ailments
Thai pharmaceutical company Siam Bioscience Group confirmed with the Bangkok Post that by 2022 the company plans to produce and sell three new drugs for cancer, kidney ...
Singapore Firm to Develop Smart Grid for PTT in Thailand
Envision Digital International Pte Ltd (Envision) has been chosen to develop the first smart grid for Thai state-owned oil and gas company, PTT Public Company (PTT). The ...
Semi-Solid Lithium-ion Battery Manufacturing Facility to be Built in Thailand
Thailand-based Energy company Global Power Synergy Plc (GPSC) is building a USD 35.2 million battery cell plant in the country. The initial Manufacturing capacity will be 30 ...
Royal Thai Air Force Orders H135 Helicopters for Training Mission
As part of its pilot training enhancement programme, the Royal Thai Air Force (RTAF) has signed an order for six H135 military training helicopters from Airbus Helicopters. ...
EU-ASEAN Business Delegation Meet with Thailand’s Prime Minister
On 17 February 2020, the EU-ASEAN Business Council (EU-ABC) organized a trade & investment mission, comprising of representatives from over 30 European companies and ...
Charoen Pokphand Group to Acquire Tesco’s Thai and Malaysian Operations
On March 9, 2020, CP Group, Thailand's biggest agribusiness conglomerate, reached an agreement with British grocery chain Tesco to purchase its businesses in Thailand and ...
Bangkok to Build Railway Linking China and Singapore
The Government of Thailand has committed to spending more than USD 21 billion to expand Bangkok's rail network linking Thailand to other countries such as China and ...
Singapore Launches New Central Body for Coordinating Community Sustainability Initiatives
The Ministry of the Environment and Water Resources (MEWR) in Singapore has set up a new SG Eco Office, which will serve as the central body driving and coordinating ...
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