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

Indonesian B2B FMCG Marketplace Obtains Seed Funding

Feb 2020 Indonesia, Retail/FMCG

Gudangada, an online B2B FMCG (Fast Moving Consumer Goods) marketplace, has obtained seed funding in the double digit millions in a seed from Alpha JWC Ventures and Wavemaker ...

Indonesia to Purchase Patrol Boats for Coast Guard

Feb 2020 Indonesia, Defense/Aerospace

Indonesia is planning to purchase bigger boats for its Maritime Security Agency (BAKAMLA). The boats would equip BAKAMLA with the capacity to expand their patrol reach and ...

Indonesia Seeks to Reduce Pharmaceutical Ingredient Imports

Feb 2020 Indonesia, Healthcare

The Indonesian government has established a pharmaceutical holding company to supply feedstock for local pharmaceutical sector and reduce dependence on imports. The holding ...

Indonesia Looks to Pass Data Protection Law

Feb 2020 Indonesia, ICT

The Indonesian government has submitted a bill to protect personal data to the parliament. It contains rules on data ownership, consumer rights and cross-border data ...

Indonesia and Hungary to Establish USD 500 Million Investment Fund

Feb 2020 Indonesia, Infrastructure

Indonesia and Hungary are going to establish a USD 500 million joint investment fund to finance Indonesian Infrastructure investments in transport and water management. Both ...

Abu Dhabi-Based Masdar Signs Agreement with PLN to Build Floating Solar Plant

Feb 2020 Indonesia, Energy

PLN, the state electricity company of Indonesia, has signed a power purchase agreement with Masdar, a global leader in renewable Energy and sustainable urban development from ...

Vietnam to Develop 10-Year Seaport Master Plan

Jan 2020 Vietnam, Infrastructure

A master plan to develop Vietnamese seaports for the period 2021-2030 was recently approved by Deputy Prime Minister Trinh Dinh Dung. The two main goals of the plan are to ...

Vietnam Buying Combat Training Aircraft from Russia

Jan 2020 Vietnam, Defense/Aerospace

According to reports in the Russian media, Vietnam has signed a USD 350 million contract to buy at least 12 Yak-130 combat training aircraft from Russia. The Yak-130 which ...

Vietnam and China Reach New Landmark in their Commercial Ties

Jan 2020 Vietnam, Economy

Vietnam's exports in 2019 rose 8.4% to USD 264.189 billion, while imports rose 6.8% to USD 253.071 billion. Vietnam recorded a trade surplus of USD 11.12 billion last year, ...

Second Centralized IT Zone Established in Danang

Jan 2020 Vietnam, ICT

Vietnam's Prime Minister has approved the establishment of Danang Information Technology Park (DITP) as Danang's second Centralized Information Technology (CIT) zone after Da ...

Saigon Co-op Launches Three New Supermarkets in Vietnam

Jan 2020 Vietnam, Retail/FMCG

Saigon Co.op opened three new Co.opmart supermarkets in An Giang, Ho Chi Minh City and Dak Lak in Vietnam, increasing its total number of stores to 126. Each of these ...

Pilot Plastic Recycling Project Being Initiated in Danang

Jan 2020 Vietnam, Environment

According to a report in VietnamPlus, Environment and Urban Company (URENCO) will implement a pilot project for plastic waste recycling in Danang through a partnership ...

Pegatron to Manufacture Styluses for Samsung Smartphones in Vietnam

Jan 2020 Vietnam, Manufacturing

Taiwanese electronics manufacturer Pegatron, which is a supplier for Apple and Samsung is reportedly planning to construct a Manufacturing facility in the north of Vietnam to ...

Ho Chi Minh City Implementing Integrated E-Tax System

Jan 2020 Vietnam, Economy

The Ho Chi Minh City Department of Taxation plans to implement an integrated e-tax system from 10 February 10 to improve tax service quality for taxpayers making tax ...

EVN Receives Approval for Continued Purchase of Rooftop Solar Power

Jan 2020 Vietnam, Energy

According to media reports, Vietnam’s Ministry of Industry and Trade (MOIT) has approved state-owned Vietnam Electricity (EVN)’s proposal to continue buying power from ...

All HCMC Residents to Have Electronic Medical Records in Central Database by 2025

Jan 2020 Vietnam, Healthcare

The Ho Chi Minh City People’s Committee has announced that a central database will be created for the city's health facilities by 2025, storing electronic Medical records ...

Two New Budget Airlines to Start Operations in Thailand in 2020

Jan 2020 Thailand, Defense/Aerospace

In December 2019, the director-general of the Civil Aviation Authority of Thailand (CAAT) said that two new budget airlines are expected to launch operations in Thailand ...

Thailand to Set up Water Management Command Center Headed by PM

Jan 2020 Thailand, Environment

The government of Thailand is setting up a water management command center to address water shortages, which could be the worst seen in the country for decades. The setting ...

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