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 Airlines and ST Engineering Form Joint Venture for Aircraft Maintenance Services

More than a year after the deal was inked between Vietnam Airlines Engineering Company (VAECO) and ST Engineering Aerospace, the firms officially introduced their newly ...

Uniqlo to Open its First Store in Vietnam

Vietnam’s first-ever store of Japanese apparel retailer Uniqlo is scheduled to open in downtown Ho Chi Minh City (HCMC) by the end of 2019. The store, named Uniqlo Dong Khoi, ...

Thua Thien Hue to have a New Automotive Manufacturing Complex

Adding to the list of projects calling for investment in 2019, an automotive Manufacturing and assembly complex project has just been approved by The People’s Committee of ...

Possible Medical Tourism Cooperation between Vietnam and Korea

Under a cooperation agreement between the authorities of Ho Chi Minh City (HCM City) and Incheon City, a conference on Medical tourism was held in October in HCM City to ...

Ho Chi Minh City Welcomes Feedback from British Businessmen to Facilitate Investment

A recent report by the US News and World Report ranked Vietnam 8th out of 29 best countries to invest in. This is a remarkable improvement against the 23rd position in 2018, ...

Hai Phong City Plans Two More International Container Terminals

Vietnam’s Prime Minister Nguyen Xuan Phuc has greenlighted the expansion of Lạch Huyện Port to two more terminals in the next 6 years, with the first terminal expected to be ...

18 New Air Quality Sensors from Germany Delivered to Hanoi

Hanoi will be receiving 18 air quality monitoring devices from the German Development Cooperation Organization (GIZ). The sensors will be installed in Hoan Kiem district, ...

Thailand Seeking to Benefit from US-China Tensions

Thailand's Board of Investment (BOI) approved four investment projects from Japan, Taiwan and Singapore worth around USD 1 billion in September 2019. According to the BOI, ...

Thai Navy to Buy Amphibious Transport Dock Ship from China

In September 2019 it was announced that China State Shipbuilding Corporation (CSSC) is set to build a Type 071E amphibious transport dock ship that will be delivered to the ...

Study Finds Thai Healthcare System to be the Sixth Best in the World

Thailand has been ranked at the country with the sixth-best healthcare system in the world in a study elaborated by the American magazine CEOWORLD. According to CEOWORLD, the ...

PTT Partners with Swiss Nonprofit on Blockchain-based Renewables Platform

Thailand’s state-owned Energy company, PTT, and global Energy blockchain nonprofit, Energy Web Foundation (EWF) agreed on a partnership in September 2019, aimed at creating a ...

Pomelo Plans Store Expansion in Thailand and Singapore

Pomelo, a Thai fashion-tech brand, has revealed plans to launch additional partner stores. The brand recently secured USD 52 million from investors that include Central ...

Japanese Agency Helping to Implement E-Waste Recycling Plant in Thailand

Thailand's  Department of Industrial Works (DIW) has signed a memorandum of understanding (MOU) with New Energy Development Organization and Industrial Technology Japan ...

GMR and AirAsia to Bid for Thai Airport

GMR Infra, an Indian Infrastructure company, has tied up with low-fare carrier Thai AirAsia in an effort to bid for the USD 2 billion expansion project of the U-Tapao airport ...

EGAT and Daikin Ink MoU on Energy Consultancy 2019

Siam Daikin Sales, the Thai company which manufactures Daikin air conditioners, has signed a Memorandum of Understanding (MoU) with EGAT in order to participate as Energy ...

Central Group-JD.com Joint Venture Brings eKYC Technology to Thailand

In September 2019 the Dolfin Intelligent Platform was launched by Central JD Fintech Holding, a joint venture company owned by JD Digits, and Central Group, the largest ...

BMW Commences Battery Pack Production in Thailand

German carmaker, BMW, launched production of battery module and battery pack in Thailand in September 2019. The activity is undertaken in partnership with the DRÄXLMAIER ...

Smart and Green Poultry Factory Being Set up in Singapore

Singapore Poultry Hub Pte Ltd (SPH) is setting up the first smart and green factory for the poultry industry in Singapore. Singapore Poultry Hub is a joint venture among five ...

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