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

Japanese Retailer Aeon to Invest USD 35 Million in New Mall in Vietnam

Nov 2024 Vietnam, Retail/FMCG

Japanese retailer Aeon has announced plans to invest USD 35 million in constructing a new shopping mall in Phu Ly town, located in Vietnam’s northern Ha Nam province. This ...

Swedish Entrance Automation and Door Control Specialist Opens USD 30 Million Factory in Vietnam

Nov 2024 Vietnam, Manufacturing

In September 2024, Assa Abloy Group, a global leader in entrance automation and door control solutions, inaugurated its USD 30 million factory in the northern port city of ...

Tanco Holdings to Boost Southeast Asia’s Logistics Hub with AI-powered Container Port

Nov 2024 Malaysia, Infrastructure

Tanco Holdings Bhd, a publicly listed property company in Malaysia, has joined forces with CCCC Dredging Southeast Asia Sdn Bhd (CDSA) to develop Malaysia’s first smart ...

Mediterranean Shipping Company Eyes Investment in Vietnam’s Key Infrastructure Projects

Nov 2024 Vietnam, Infrastructure

Switzerland-based Mediterranean Shipping Company (MSC), one of the world’s largest shipping lines, is exploring investment opportunities in Danang’s Lien Chieu port, a key ...

Taiwanese Company Expand AI Solutions in Vietnam to Drive Digital Transformation

Nov 2024 Vietnam, ICT

iKala, a leading AI transformation solutions provider from Taiwan, has joined forces with TPIsoftware, a digital transformation software company, to expand into the ...

Oracle to Invest USD 6.5 billion to Launch New Cloud Region in Malaysia

Nov 2024 Malaysia, ICT

Oracle has unveiled plans to invest over USD 6.5 billion to establish a public cloud region in Malaysia, responding to the growing demand for artificial intelligence (AI) and ...

AIH Brings Singapore-Standard Healthcare to Vietnam

Nov 2024 Vietnam, Healthcare

American International Hospital (AIH) is collaborating with Raffles Hospital Singapore to introduce advanced medical treatments to Vietnam, offering Singaporean-standard ...

Digitalization of Government Healthcare Facilities in Malaysia

Nov 2024 Malaysia, Healthcare

Malaysia is focusing on the digital transformation of its healthcare system, aiming to enhance medical tourism and provide remote villages with improved access to medical ...

Vietnamese Companies Set Packaging Recycling Goal

Nov 2024 Vietnam, Environment

PRO Vietnam, a coalition of large companies from the consumer goods, packaging, retail, and import sectors, has committed to recycling 64,000 tons of packaging materials in ...

Germany’s PNE AG Seeks Partners for USD 4.6 Billion Offshore Wind Project in Vietnam

Nov 2024 Vietnam, Energy

PNE AG, a Germany-based leader in wind energy development, is actively seeking sustainable partners for the USD 4.6 billion Hon Trau offshore wind power project, located in ...

Vietnam and UAE Strengthen Economic Ties with CEPA Agreement

Nov 2024 Vietnam, Economy

Vietnam and the UAE have signed a Comprehensive Economic Partnership Agreement (CEPA) during Prime Minister Pham Minh Chinh’s state visit to the UAE, marking a milestone in ...

Vietjet and Franco-American Aircraft Engine Manufacturer Enter USD 8 Billion Agreement

Nov 2024 Vietnam, Defense/Aerospace

Vietjet and CFM International, the Franco-American aircraft engine manufacturer, have reaffirmed their partnership with a commitment to supply over 400 LEAP-1B engines and ...

Malaysia’s Water Sector Transformation 2040 Agenda to Boost GDP

Nov 2024 Malaysia, Environment

Malaysia’s Minister of Energy Transition and Water Transformation has launched the Water Sector Transformation 2040 (WST 2040) agenda, which is expected to ...

Aboitiz Foods Opens USD 45 Million Feed Mill in Vietnam

Nov 2024 Vietnam, Agrifood

Aboitiz Foods, the Philippines-based integrated food and agribusiness firm, has officially launched its most advanced feed mill in Long An province, Vietnam. With an ...

LBS Bina Ventures into Renewable Energy with USD 22 Million Solar Project

Nov 2024 Malaysia, Energy

A consortium led by Malaysian property developer LBS Bina Group has awarded an MYR 104 million (USD 22 million) Engineering, Procurement, Construction, and Commissioning ...

World Bank Revises Malaysia’s 2024 Growth Forecast Upward to 4.9%

Nov 2024 Malaysia, Economy

The World Bank has raised its projection for Malaysia’s economic growth in 2024 to 4.9%, an increase of 0.6 percentage points from its earlier forecast of 4.3% in April ...

Malaysia’s Budget 2025 Focuses on Enhancing Maritime Security Infrastructure

Nov 2024 Malaysia, Defense/Aerospace

The Malaysian government has allocated MYR 675 million (USD 143 million) in Budget 2025 to strengthen its maritime security capabilities. This funding will be used to procure ...

ThaiBev Embarks on Major Investment in AgriValley Malaysia for Halal Product Expansion

Nov 2024 Malaysia, Agrifood

Thai Beverage (ThaiBev), a Thai-Singapore food and beverage company, is making a strategic investment of THB 9.5 billion (USD 263 million) in the AgriValley Malaysia project. ...

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