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 and France Collaborates to Elevate Transportation Networks
Vietnam’s Ministry of Transportation recently ed a delegation on an official trip to France to enhance collaboration across various transportation sectors.
The Vietnamese ...
Vietnam’s FPT to Utilize Nvidia’s Chips for Its USD 200-million AI Factory
Vietnam’s leading tech firm FPT announced plans to build a USD 200 million artificial intelligence (AI) factory utilizing Nvidia’s graphics chips and software. ...
Warburg Pincus to Expand in Vietnam Investing in Local Hospital Group
US private equity firm Warburg Pincus has confirmed its investment in Xuyen A, a private tertiary general hospital group based in Vietnam. Warburg Pincus’ investment in Xuyen ...
Vietnam Calls for Investment for Water Supply and Drainage Projects
Experts estimate that Vietnam will need to invest USD 20-30 billion in water supply and drainage to ensure universal access to clean water. The Ministry of Natural Resources ...
South Korea’s CS Wind Builds Offshore Wind Turbine Towers in Vietnam
South Korea-based manufacturer of wind turbine towers CS Wind has produced the first wind turbine tower in Vietnam’s Ba Ria Vung Tau province for an offshore wind farm ...
Tim Cook Visits Vietnam for Apple’s Supply Chain Expansion
Apple plans to increase its investment in Vietnam, according to state media quoting CEO Tim Cook during his visit to Hanoi in April 2024. Vietnam is already a crucial ...
Vietnam Aims at South Korea’s K9 Howitzers to Strengthen Defense
In April, 2024, the Vietnamese Ministry of Defense expressed its intention to purchase the K9 howitzers from South Korea’s Hanwha Aerospace for the People’s Army ...
Washington State Department of Agriculture to Promote Trade with Vietnam
In April 2024, the Washington State Department of Agriculture (WSDA) signed a Memorandum of Understanding (MOU) with Vietnam to enhance agricultural development and trade. ...
UK Supports Indonesia’s Prototype of Marine Floating Solar Power Plant
The inaugural prototype of Indonesia’s marine floating solar power plant, Solar2Wave, has been unveiled with support from Innovative UK. Collaborating companies and ...
Korean Medical AI Firm to Supply Healthcare AI Solutions to Indonesia’s Largest Hospital
JLK, Korea’s premier publicly traded medical AI firm, has forged a partnership with Indonesia’s leading hospital chain Siloam, boasting a workforce of over 3,000 ...
Tech Giants Microsoft and Nvidia Invest in Indonesia’s Tech Expansion
Two prominent US technology companies have recently unveiled significant investment plans in Indonesia, signaling a notable advancement in the country’s tech landscape. ...
Japan’s Sojitz Corporation Secures Contract of USD 250 Million to Extend MRT Jakarta
A contract worth IDR 4.7 trillion 8around USD 250 million) has been signed between PT MRT Jakarta and Japan’s Sojitz Corporation. The agreement aims to extend the ...
American Company DNV and Indonesia’s PLN Collaborate on Power Grid Resilience
The American company DNV and PT PLN Engineering (PLNE), a subsidiary of Indonesia’s state-owned power distribution company PT PLN, have entered into a Memorandum of ...
British Crayfish Enterprise Targets Success in Indonesia
Noola Sukess Mandiri (NSM), an Indonesian enterprise specializing in red claw crayfish cultivation, recently announced its near completion of the initial farming trial. This ...
Technology and Power Company Gstar Begins Construction of Silicon Wafer Factory in Indonesia
Gstar has recently commenced the construction phase of its silicon rod and silicon wafer factory in Indonesia. In Jakarta, a new 60,000 square meter factory is under ...
Singaporean Florist Petite Fleur Expands Operations to Indonesia
Petite Fleur, a Singapore-based florist, has expanded its operations to Indonesia with the launch of Petite Fleur Indonesia. The expansion is driven by market research ...
France’s Naval Group and Italy’s Fincantieri Secure Defense Contracts in Indonesia
France’s Naval Group, in partnership with Indonesian shipbuilder PT PAL, has won a contract from the Indonesian government to build two Scorpene Evolved diesel-electric ...
Malaysia Invests USD 6.4 million in Talent R&D for Aerospace and Medical Devices Sectors
The Malaysian government has allocated a grant of MYR 30 million (USD 6.4 million) to Collaborative Research in Engineering, Science & Technology (CREST), an ...
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