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 Set to Reach USD 11 Billion Export turnover for Wood Products

Sep 2019 Vietnam, Manufacturing

The Vietnam Timber and Forest Product Association reported it is on track to reach its USD 11 billion export turnover target this year. Around 45% of the country's timber ...

Opportunities for Infrastructure Upgrades in Vietnam Aviation Sector

Sep 2019 Vietnam, Defense/Aerospace

The Vietnamese airline industry is welcoming several new players, putting strain on its aviation Infrastructure. The Civil Aviation Authority of Vietnam (CAAV) recently ...

North Vietnamese Province to Create USD 36 Million High-Tech Farming zone

Sep 2019 Vietnam, Infrastructure

Dam Ha District in Quang Ninh Province in Vietnam will welcome a USD 36 million, 170 hectare high-tech farming zone, which will be used for research and development of ...

Leading Vietnamese Insurer Partners with Singaporean Telehealth Startup

Sep 2019 Vietnam, Healthcare

Doctor Anywhere, a Singaporean telehealth Startup and Bao Minh Insurance, one of the largest insurance groups in Vietnam have signed a strategic cooperation agreement to ...

Ho Chi Minh City Green Lights 3 Waste to Energy Plants

Sep 2019 Vietnam, Energy

In late August 2019, the Ho Chi Minh City People’s Committee approved the construction of three new waste to Energy plants. Work is starting on the plants in September and ...

Consortium Led by GIC Invests USD 500 Million in Vingroup’s Retail Arm

Sep 2019 Vietnam, Retail/FMCG

A consortium led by GIC, Singapore’s sovereign wealth fund, and Vingroup Joint Stock Company (Vingroup), signed agreements for an investment in VCM Services and Trading ...

University Network to Spur R&D Linkage with Industry

Sep 2019 Thailand, Manufacturing

In August 2019, the Thailand Board of Investment (BOI) entered into an agreement with eight of the country’s leading universities, aiming to improve linkages between the ...

Thailand to Buy 120 American Armored Vehicles

Sep 2019 Thailand, Defense/Aerospace

Thailand has announced plans to buy 120 American armored vehicles. The delivery will be completed by 2020, with the first batch of 10 arriving in September 2019. Ministerial ...

Thailand Plans USD 10 Billion Stimulus to Support Economy

Sep 2019 Thailand, Economy

Thailand is planning to launch a stimulus package worth USD 10 billion. The package will consist of three main groups of measures: assistance for people affected by the ...

Thailand Plans E-Commerce Tax by 2020

Sep 2019 Thailand, Retail/FMCG

Thailand is expected to introduce a value-added-tax on electronic businesses in 2020, aiming at collecting between USD 98 million to USD 131 million a year. The proposal will ...

Thailand and South Korea Partnering for Development of Electric Buses

Sep 2019 Thailand, Environment

Thailand and South Korea have announced a joint project for the development of electric buses. The project, which will be led by Korean automaker Edison Motors, involves 11 ...

Ranong Port to Boost Thailand’s Trade with India

Sep 2019 Thailand, Infrastructure

The Port of Authority of Thailand (PAT) is currently developing the Ranong Port as a logistics gateway between Thailand and India. The two countries have agreed to promote a ...

Energy Innovations to be Tested in Thai Regulator’s Sandbox

Sep 2019 Thailand, Energy

This September it was announced by the Office of the Energy Regulatory Commission of Thailand (ERC) that 34 projects will be implemented under its regulatory sandbox ...

Distribution of Cannabis Oil to State Hospitals Commencing in Thailand

Sep 2019 Thailand, Healthcare

The Thai Ministry of Public Health is ready to start distributing a cannabis-based traditional medicine formula, which will be given to around 4,000 patients who have not ...

DEPA Thailand Preparing Bidding Terms for Digital Park Thailand

Sep 2019 Thailand, ICT

It is expected that the Thai Digital Economy Promotion Agency (DEPA) will soon issue the terms of reference for the private sector to invest in the Digital Park Thailand ...

Singapore’s Water Utility Opens World’s Largest Ceramic Membrane Treatment Plant

Sep 2019 Singapore, Environment

On 29 August 2019, Singapore's national water agency PUB opened a new water treatment plant at Choa Chu Kang Waterworks (CCKWW) that houses the largest ceramic membrane ...

Singapore Launches Trade Finance Compliance E-Service

Sep 2019 Singapore, Economy

The Singapore government launched a new government e-service, Trade Finance Compliance (TFC), on its Networked Trade Platform (NTP) in September 2019. The NTP under ...

Singapore Government Collaborating with Fitbit on Healthy Population Project

Sep 2019 Singapore, Healthcare

American fitness wearables company, Fitbit, announced a collaboration with Singapore’s Health Promotion Board (HPB) on 23 August 2019 on a healthy population project in ...

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