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

Singapore’s Defence Budget Hike Drives New Military Acquisitions, Opportunities

Apr 2025 Singapore, Defense/Aerospace

The Government of Singapore has announced a 12.4% increase in its defence budget for FY 2025, raising it to SGD 23.4 billion (USD 17.4 billion), the largest allocation among ...

Singapore RAS Targets 1,000 Tons of Local Salmon Production

Apr 2025 Singapore, Agrifood

BMW Singapore RAS, a local aquaculture firm, has announced plans to produce 1,000 metric tons of farmed salmon in Singapore by 2025, marking a significant step in the ...

South Korea’s Convenience Specialist GS25 Enters Northern Vietnam with Six New Stores

Apr 2025 Vietnam, Retail/FMCG

The South Korea’s convenience store brand GS25 has officially ventured into northern Vietnam by launching six new outlets in Hanoi, marking a significant step in its broader ...

Škoda Auto Launches Vehicle Assembly Plant in Vietnam

Apr 2025 Vietnam, Manufacturing

Czech automobile manufacturer Škoda Auto, a subsidiary of the Volkswagen Group, has officially launched a new vehicle manufacturing facility in Vietnam, reinforcing its ...

Singapore’s YCH Group Explores Investment and Collaboration Opportunities at Danang’s Port

Apr 2025 Vietnam, Infrastructure

YCH Group, a major logistics company based in Singapore, is seeking investment and collaboration opportunities for strategic projects in the Lien Chieu port area in Danang. ...

Australia and Vietnam Launch Strategic Technologies Center to Drive ICT Innovation

Apr 2025 Vietnam, ICT

The University of Technology Sydney (UTS) has recently announced the establishment of the Australia-Vietnam Strategic Technologies Center, a state-of-the-art research hub ...

French Pharma Group Mayoly Expands Business in Vietnam

Apr 2025 Vietnam, Healthcare

In March 2025, French pharmaceutical and consumer healthcare company Mayoly officially launched a representative office in Ho Chi Minh City, marking its formal entry into the ...

Lego and Other Danish Firms Increase Their Green Investment in Vietnam

Apr 2025 Vietnam, Environment

Danish companies are ramping up their investments in Vietnam, placing a strong emphasis on sustainability and supporting the country’s green transition agenda. A notable ...

Vietnam Strikes USD 4.15 Billion Energy and Mineral Agreements with U.S. Companies

Apr 2025 Vietnam, Energy

During a recent visit to the United States by Vietnam’s trade minister, several Vietnamese companies signed major energy and mineral agreements with American firms. These ...

Vietnam to Launch High-Tech Free Trade Zone in Hai Phong to Boost Investment

Apr 2025 Vietnam, Economy

Vietnam’s northern port city of Hai Phong is in the final stages of preparing for the launch of a next-generation free trade area, which will serve as the central feature of ...

Vietnam Acquires South Korea’s K9 Howitzers in Major Defense Deal

Apr 2025 Vietnam, Defense/Aerospace

Vietnam is set to boost its artillery capabilities through a USD 276 million agreement with South Korea for 20 K9 Thunder self-propelled howitzers. This marks a key ...

UK-Backed Project to Support Sustainable Fish Farming in Vietnam

Apr 2025 Vietnam, Agrifood

A USD 4.6 million project called AquaSoS is launching to improve sustainable fish farming in Vietnam’s Mekong Delta. Led by University of Stirling, the initiative is part of ...

Malaysian Home Improvement Retailer MR D.I.Y. Reaches 1,000-Store Milestone in Indonesia

Apr 2025 Indonesia, Retail/FMCG

MR D.I.Y. Indonesia has opened its 1,000th store, marking a notable point in the company’s growth in the country’s household retail sector. This expansion is expected to ...

Vietnam’s VinFast Plans to Install Up to 100,000 EV Chargers in Indonesia

Apr 2025 Indonesia, Manufacturing

Vietnamese automaker VinFast is set to establish an electric vehicle (EV) charging station network in Indonesia, as announced by the Investment Minister. VinFast plans to ...

France and EU to Enhance Safety of Indonesia’s Busiest Ports

Apr 2025 Indonesia, Infrastructure

France and the European Union (EU) are collaborating to enhance safety at two of Indonesia’s busiest ports through a series of capacity-building initiatives planned over the ...

Korean EdTech Platform ‘ZEP QUIZ’ Launches Operations in Indonesia

Apr 2025 Indonesia, ICT

Metaverse-based EdTech platform ZEP officially entered the Indonesian education market in March 2025. Launched in South Korea in 2021, the platform has experienced rapid ...

West Java Hospital Staff to Leverage Generative AI for Medical Research

Apr 2025 Indonesia, Healthcare

Umar Wirahadikusumah Regional General Hospital in Sumedang, West Java, Indonesia, is set to integrate an AI-based reference sourcing system into its existing medical ...

Indonesian and Korean Research Agencies Collaborate on Sustainable Smart Greenhouses

Apr 2025 Indonesia, Agrifood

Indonesia’s National Research and Innovation Agency (BRIN) has entered a strategic partnership with the Korea Institute of Science and Technology (KIST) and the Korea ...

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