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

The EU Inks USD 65 Million Financing Deal for the Green Economy Program with Philippines

Nov 2023 Philippines, Economy

The European Union (EU) Commission stated that the EUR 60 million (USD 65 million) Financing Agreement aims to assist the Philippines in renewing its economy. This includes ...

NEDA to Strengthen the Dialysis Center at the Baguio General Hospital and Medical Center

Nov 2023 Philippines, Healthcare

The National Economic and Development Authority (NEDA) approved to strengthening the dialysis center in the biggest state-run tertiary hospital in the Cordillera ...

US and Philippine Firms Explore Partnership in the 1st US Agricultural Technology Trade Mission to the Philippines

Nov 2023 Philippines, Agrifood

The US government, through the US Commercial Service, sent its first Agricultural Technology Trade Mission to Davao City and Manila to explore trade and investment ...

Unilever Philippines Scales Personal Care Production By 15% with Powerhouse Factory

Nov 2023 Philippines, Manufacturing

Unilever Philippines has opened a production powerhouse in Cavite for its Beauty & Wellbeing and Personal Care businesses. The EUR 80 million (USD 86.8 million) ...

Philippines’ Naval Aviation Unit Bares Modernization Plans

Nov 2023 Philippines, Defense/Aerospace

The Philippine Navy’s Aerial Unit disclosed modernization plans on its anniversary, including a move towards the procurement of new assets, in view of the growing ...

The Future of Infrastructure in Metro Manila

Nov 2023 Philippines, Infrastructure

Physical connectivity has always been a big problem in the cities of Metro Manila. Being a car-centric society, Metro Manila has one of the busiest streets in the world. ...

Philippine Government Pushes USD 1.7 Billion Projects to Boost Digital Finance

Nov 2023 Philippines, ICT

The government is pushing for USD 1.7 billion worth of projects to boost digital connectivity in the country in a bid to fuel economic growth. Finance Secretary Benjamin ...

Ho Chi Minh City to Employ Advanced Technology for Sustainable Agriculture

Nov 2023 Vietnam, Agrifood

According to the city’s Department of Agriculture and Rural Development (DARD), Ho Chi Minh City (HCMC) is planning to develop sustainable urban agricultural production by ...

Vietnam Airlines to Partner with Spanish Company to Implement PSS Technology

Nov 2023 Vietnam, Defense/Aerospace

Amadeus, a Spanish multinational technology firm that offers software solutions for the global travel and tourism industry, signed an agreement with Vietnam Airlines to ...

Vietnam to Collaborate with US in Constructing the First Semiconductor Plant

Nov 2023 Vietnam, Economy

Vietnam is holding talks with chips companies to draw investment in the country and possibly building its first chipmaking plant. The talks followed a historic upgrade ...

Vietnam to Collaborate with International Partners in the Energy Sector

Nov 2023 Vietnam, Energy

The Korean conglomerate SK Group recently invested USD 30 million in a Vietnamese startup fostering agency, while also expanding its collaboration with the Vietnamese ...

Green Production to Become Key Concept for Vietnamese Exporters

Nov 2023 Vietnam, Environment

Vietnamese exporters are adjusting their businesses to the low-carbon consumption trend which is encouraging firms to implement green production. This is considered a ...

Vietnam to Release Strategy for Pharmaceutical Industry

Nov 2023 Vietnam, Healthcare

Vietnam’s Deputy Prime Minister Tran Hong Ha has recently cited Decision No. 1165/QD-TTg as a significant milestone in Vietnam’s pharmaceutical sector. The Decision includes ...

Vietnam and South Korea Sign MOU for Building AI Global Ecosystem in Vietnam

Nov 2023 Vietnam, ICT

Vietnam and South Korea have signed a Memorandum of Understanding (MOU) to develop artificial intelligence (AI) technology in five areas: medical, healthcare, smart cities, ...

Vietnam to Seek Investment to Develop Its Seaport System

Nov 2023 Vietnam, Infrastructure

Vietnam is planning to modernize its seaport system. There are 286 terminals with over 96km of quays in total nationwide at present, capable of handling over 706 million tons ...

US Semiconductor Assembly and Test Provider to Open Manufacturing Facility in Vietnam

Nov 2023 Vietnam, Manufacturing

In October 2023, Amkor Technology, the world’s largest US-headquartered OSAT (outsourced semiconductor assembly and test) service provider, announced the grand opening ...

Marriott International to Expand Portfolio in Vietnam with Three New Luxury Hotels

Nov 2023 Vietnam, Retail/FMCG

Marriott International has announced agreements to open three new luxury resorts in Vietnam. This marks the debut of two new brands into Vietnam – Ritz-Carlton Reserve and ...

Indonesia Welcomes MINISO’s First Sanrio-themed Outlet

Nov 2023 Indonesia, Retail/FMCG

Retailer and variety store chain MINISO recently launched its first IP-themed flagship store at Margo City Store in Indonesia, featuring Sanrio characters. This store is the ...

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