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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 Partners with Foreign Investors to Develop Industrial Parks

Jul 2024 Vietnam, Infrastructure

In June 2024, the Vietnam Singapore Industrial Park Joint Venture Co. (VSIP) commenced construction on a new facility in Ha Tinh province. The VSIP Ha Tinh industrial park is ...

Motorola Solutions Inaugurates Software and Analytics R&D Center in Vietnam

Jul 2024 Vietnam, ICT

US tech giant Motorola Solutions has recently opened a new research and development (R&D) center in Ho Chi Minh City, southern Vietnam, to advance data analytics and ...

Japan’s Watakyu Seimoa Corporation Opens New Medical Textile Plant in Vietnam

Jul 2024 Vietnam, Healthcare

Japan’s Watakyu Vietnam, a textile product supplier for the healthcare industry, inaugurated a USD 33 million factory in Dong Nai province in June 2024. The opening ...

BCG Energy and South Korea’s SK Ecoplant Tie Up for Waste-to-Energy Development in Vietnam

Jul 2024 Vietnam, Energy, Environment

BCG Energy has partnered with South Korea’s SK Ecoplant and Sudokwon Landfill Site Management Corp. (SLC) to collaborate on waste-to-energy solutions in Vietnam’s ...

Vietnam’s Gas-to-Power Initiatives Secure USD 12 Billion Investment

Jul 2024 Vietnam, Energy

Vietnam Oil and Gas Group (Petrovietnam or PVN) has entered into multiple agreements with its partners to advance an integrated development project, which includes a gas ...

Vietnam and Switzerland Advance Economic and Trade Cooperation

Jul 2024 Vietnam, Economy

In June 2024, the Vietnamese Embassy in Switzerland and the Swiss-Viet Economic Forum (SVEF) hosted the Vietnam-Switzerland Economic Forum themed “Strengthening Ties, ...

US Transport Giant FedEx Ready to Expand Presence in Vietnam

Jul 2024 Vietnam, Defense/Aerospace

According to FedEx Express’ president and CEO Richard Smith, the US transport giant FedEx is planning to enhance its logistics operations at Tan Son Nhat International ...

Vietnam and Ireland to Cooperate on Agri-food Initiatives

Jul 2024 Vietnam, Agrifood

In June 2024, Vietnamese Deputy Minister of Planning and Investment Do Thanh Trung and Ireland’s Minister of State Martin Heydon signed a Memorandum of Understanding ...

South Korea Pharma Specialist to Establish Advanced Primate Research Institute in Indonesia

Jul 2024 Indonesia, Healthcare

In June 2024, Daewoong Pharmaceutical revealed its plans to collaborate with Indonesia’s Bogor Agricultural University (IPB), highly regarded for its veterinary ...

US Cybersecurity Company Palo Alto Networks Invests in New Cloud Facility in Indonesia

Jul 2024 Indonesia, ICT

In June 2024, Palo Alto Networks, an American cybersecurity firm, announced the opening of a new cloud location in Indonesia. This new cloud infrastructure provides ...

Indonesian Ports Cut Wait Times with Facial Recognition Technology

Jul 2024 Indonesia, ICT, Infrastructure

Indonesia’s immigration authorities have implemented the HID U.ARE.U Camera Identification System as the facial recognition element for the automated border crossing ...

Indonesia and Finland Strengthen Collaboration in Green Energy and Smart Cities

Jul 2024 Indonesia, Energy, Environment

The Foreign Affairs Minister of Indonesia and Finland’s Foreign Minister convened in Helsinki in June 2024 to explore enhancing bilateral collaboration, particularly ...

Vietnamese EV Manufacturer VinFast Expands to Indonesia, Targets Annual Production of 300,000 EVs

Jul 2024 Indonesia, Manufacturing

VinFast, the Vietnamese electric vehicle (EV) manufacturer under Vingroup, is advancing its plans to establish a manufacturing presence in Indonesia by the end of 2025. In a ...

Japan’s Nitori Group Sets Foot in Indonesia, Marking 10th Expansion in Asia

Jul 2024 Indonesia, Retail/FMCG

Nitori Holdings Co., Ltd., headquartered in Sapporo, northern Japan, has revealed plans to open an inaugural store in Indonesia. The goal is to speed up further store ...

Singapore’s Sembcorp to Pioneer Indonesia’s First Utility-Scale Solar and Energy Storage Project

Jul 2024 Indonesia, Energy

Sembcorp Industries (Sembcorp) has revealed that its wholly-owned subsidiary, PT Sembcorp Renewables Indonesia, has established a joint venture with PT PLN Nusantara ...

Indonesia Collaborates with Australian Livestock Specialist on Food Security

Jul 2024 Indonesia, Agrifood

The Ministry of Cooperatives and SMEs (Kemenkop UKM) is embarking in a cooperation with the Australian livestock company Austrex to enhance the governance of ...

Indonesia’s Electronics Specialist and Thales Form Joint Venture to Enhance Indonesian Defense

Jul 2024 Indonesia, Defense/Aerospace

PT Len Industri and Thales celebrated a significant milestone in May 2024 with the signing of a joint venture agreement in Jakarta. The ceremony was attended by the Deputy ...

Indonesia Strengthens Workforce Collaboration with Switzerland

Jul 2024 Indonesia, Economy

The governments of Indonesia and Switzerland have committed to pursuing stronger cooperation in the manpower sector, the Indonesian Manpower Minister stated after meeting ...

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