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

Vietnamese Companies Exploring Local Production of 5G Chips and Devices

Nov 2019 Vietnam, ICT

Leading telecommunication operators and technology firms in Vietnam are exploring production of locally-made 5G chipsets, network equipment and devices. This comes after the ...

Vietnam Airlines Signs Enginewise Service Agreement with Pratt & Whitney

Nov 2019 Vietnam, Defense/Aerospace

Vietnam Airlines inked a 12-year EngineWise Comprehensive service agreement with Pratt & Whitney for the airline's Pratt & Whitney GTF (geared turbofan) engine ...

Quang Ngai to Build Carbon-Free Islands in Collaboration with Korean and Vietnamese Companies

Nov 2019 Vietnam, Environment

A memorandum of understanding (MOU) on an initiative to help islands in the province of Quang Ngai become carbon-free was signed on November 14 by the Quang Ngai People’s ...

On-Demand Laundry Startup from Spain Comes to Vietnam

Nov 2019 Vietnam, Retail/FMCG

Spanish laundry services start-up Mr Jeff has announced plans to license 30 franchisees this year in Vietnam with the first 15 to open in major cities and provinces including ...

Lien Chieu Cargo Port to Promote Da Nang as a Logistics Center

Nov 2019 Vietnam, Infrastructure

The construction of the new Lien Chieu Cargo Port planned in 2025 will promote Danang as a key international logistics center according to the former general director of the ...

Government Proposes Amendments to PPP Law

Nov 2019 Vietnam, Economy

According to the World Bank, around USD 25 billion worth of investments in Infrastructure is needed annually so that it can cope up with Vietnam's burgeoning economy. In ...

France and Vietnam Sign USD 26.7 million Loan agreement for Se San 4 Solar Power Plant

Nov 2019 Vietnam, Energy

A USD 26.7 million non-government guarantee credit agreement has been signed between Mr Remi Genevey, Director of Asia Department of French Development Agency (AFD) and ...

Facebook to Produce Virtual Reality Headsets in Vietnam

Nov 2019 Vietnam, Manufacturing

US-based online social media and social networking service company Facebook announced that it will produce its new-generation virtual reality (VR) headset called the Oculus ...

Thailand Experimenting with Airport Biometric Scanning Systems

Nov 2019 Thailand, Defense/Aerospace

The Thai Ministry of Transport revealed that it is considering using biometric technology for facial scanning of air passengers in order to improve passenger experience, ...

Thailand Bans Three Toxic Farm Chemicals

Nov 2019 Thailand, Environment

In October 2019 Thailand's National Committee on Hazardous Substances voted to ban three toxic farm chemicals, two herbicides - paraquat and glyphosate - and a pesticide, ...

Thai Consortium Signs USD 7.4 Billion Deal for High-Speed Rail Linking Major Airports

Nov 2019 Thailand, Infrastructure

On October 2019, a consortium led by Thailand’s largest conglomerate, the Charoen Pokphand (CP) Group on 24 October 2019 signed a USD 7.4 billion deal with the State Railway ...

Thai Central Pattana to Invest Over USD 700 Million by 2022

Nov 2019 Thailand, Retail/FMCG

Thailand’s largest mall operator, Central Pattana Pcl, has announced that it will invest around USD 723 million by 2022 in new projects and store renovations. Thai Central ...

European Union Set to Reopen Free Trade Talks with Thailand

Nov 2019 Thailand, Economy

The European Union has recently announced its intentions to resume negotiations with Thailand on a free trade agreement (FTA), after earlier talks were put on hold following ...

DCT and FTI Push for Digital Innovation in Thailand

Nov 2019 Thailand, ICT

The Digital Council of Thailand (DCT) and the Federation of Thai Industries (FTI) are collaborating in an effort to foster the development of data centers and artificial ...

Bridgestone Opens New Off-The-Road Tire Plant in Thailand

Nov 2019 Thailand, Manufacturing

Bridgestone, a leading tire maker from Japan, has opened an off-the-road (OTR) tire plant in Amata City in Thailand in October 2019. The unit is operated by Bridgestone ...

American Healthtech Company Signs MOU to Work on Strategic Initiatives in Thailand

Nov 2019 Thailand, Healthcare

The Thailand Centre of Excellence for Life Sciences (TCELS), a public organization under the Ministry of Higher Education, Science, Research and Innovation and an American ...

ADB Invests in Thai Company’s Green Bond for Wind Farm Development

Nov 2019 Thailand, Energy

The Asian Development Bank (ADB) has announced that it will invest THB 3 billion (USD 99 million) in a THB 10 billion (USD 330 million) green bond issuance from Thai Energy ...

Volocopter Unveils Air Taxi Port Prototype and Completes First Manned Flight in Singapore

Nov 2019 Singapore, Defense/Aerospace

The world’s first full-scale air taxi "vertiport" was unveiled on 21 October 2019 during the Intelligent Transport Systems (ITS) World Congress in Singapore, through a ...

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