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 to Ensure Favorable Conditions for US Investment
US companies are guaranteed to have the most favorable conditions to invest and do business in Vietnam, said Deputy Prime Minister Trinh Dinh Dung at the 2019 US – Vietnam ...
Vietnam Airlines Reveals Fleet Expansion Plans
Vietnam Airlines, a state-owned enterprise, plans to expand its fleet by acquiring 50 to 75 new narrow-body aircrafts, and 10 backup engines in 2021-2025. There are several ...
Pharmacity Vietnam Plans 1,000 Stores
Mekong Capital, a private equity firm in Vietnam has given funding to Pharmacity, making it the eight company to receive funding from its latest financing round. Last year, ...
European Firms Win USD 223 Million Wastewater Plant Project in Vietnam
The joint venture between Spanish company, ACCIONA Agua and French firm, VINCI Construction Grands Projets has won a contract for the design-build portion of the Nhieu ...
Dong Nai Province Calls for Investors for 12 Infrastructure Projects
The southern province of Dong Nai in Vietnam has advertised a list of 12 Infrastructure projects which require a more than a USD 1.2 billion investment in total.
Six of the ...
Digital Economy Could Add USD 169 Billion to Vietnam’s GDP by 2045
On 15 May 2019, CSIRO's Data61, the data and digital specialist arm of Australia’s national science agency, CSIRO (Commonwealth Scientific and Industrial Research ...
Chinese Companies Relocate to Vietnam Opening up Labor Opportunities
The trade tensions between the US and China have prompted multinational companies to transfer their production facilities from China to Vietnam, resulting in a surge in labor ...
Thai Finance Ministry Considering THB 20 Billion Stimulus Package
The Thai Finance Ministry is proposing a stimulus package of about THB 20 billion (USD 635 million) to aid its slumping economic growth. According to the Finance Minister ...
Thai Cabinet Approves Roadmap for Tackling Plastic Waste
By the end of 2019, Thailand will have banned the Manufacturing and use of microbeads, cap seals and oxo-degradable plastics. By 2022, four other single-use plastics will get ...
Thai Airways Seeking Approval for 38 New Aircraft
Thai Airways International (THAI) is looking to propose a THB 156 billion (USD 4.95 billion) procurement plan to buy or lease 38 new planes. The two-phase plan would see THAI ...
State Railway in Thailand to Invest THB 54 Billion in New Trains
The State Railway of Thailand (SRT) is planning to invest THB 54 billion baht (USD 1.71 billion) to purchase additional trains for the upgraded dual-tracks which will be ...
Private Hospitals Association Sues Over State Price Controls
Private hospitals have brought a lawsuit against the Commerce Ministry’s proposal to put healthcare and Medical expenses on a state price control list. The Private Hospital ...
Heavy Competition for Duty Free Auction at Airports of Thailand
Airports of Thailand, a state-owned enterprise which operates six major airports in Thailand, has two open tenders for two contracts; one for the operation of stores at ...
EGAT to Implement New Flexible Power Generation System
The Electricity Generating Authority of Thailand (EGAT), a state-owned enterprise, is looking to develop a flexible power generation system to tackle unstable power ...
CP Group Sets up Joint Automotive Venture with China’s Foton
Thai conglomerate, Charoen Pokphand (CP) Group and China’s Foton Motor Group have created a joint venture (JV) in Thailand, investing THB 500 million (USD 15.87 million) to ...
Blockchain Prototype Developed to Power Interbank Settlements in Thailand
Indian IT company, Wipro and enterprise blockchain software firm, R3, have developed a blockchain or distributed ledger (DLT) based solution that enables the usage of digital ...
Surbana Jurong and Silk Road Launch Infrastructure Fund for South East Asia
Surbana Jurong, a global urban and infrastructure consulting firm headquartered in Singapore and owned by Singapore's sovereign wealth fund Temasek, and Silk Road Fund, a ...
Singapore-Based Program to Study Feasibility of 3D-Printing in Maritime Industry
The Maritime and Port Authority of Singapore (MPA) has initiated a joint industry program to study the feasibility of additive manufacturing (AM), or 3D printing, in the ...
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