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 Emerging as Compelling Market for Luxury Brands

According to real estate agency Savills Vietnam, many luxury brands have targeted Vietnam as part of their market diversification strategies. Although China is still a ...

Swedish Company Chooses Vietnam as Manufacturing Hub for Marine Solutions

Sweden's Trelleborg Group has decided to invest in a completely new manufacturing facility in Vietnam for mainly marine solutions, such as marine construction, ...

A Second Airport Proposed for Vietnam’s Capital

Vietnam’s population has been increasing fast, with roughly 1 million people added each year. In 2023, the country is forecasted to achieve the 100-million milestone. Ho ...

Vietnam Emerging as a Leading Market for Data Centers

Vietnam’s data center sector is booming at an unexpected pace, with both domestic and global players willing to establish more data centers as demand for data storage ...

Pfizer to Cooperate with The Vietnam Pediatrics Association to Improve Child Healthcare

In May 2023, Pfizer Vietnam signed a Memorandum of Understanding (MOU) with the Vietnam Pediatrics Association (VPA) to strengthen the capability of pediatric healthcare ...

Vietnam to Increase Wind Energy and LNG by 2030

Vietnam recently announced that it has finalized a long-awaited power plan for this decade, with the goal of increasing wind energy and gas while decreasing dependency on ...

Vietnamese City Tests Out Electric Waste Collection Trucks

The United Nations Development Program (UNDP) and the Embassy of Japan in Vietnam have given the Vietnamese city of Hue six electric trucks for rubbish collection, which are ...

Vietnam and Sweden Set to Expand Trade Ties, Potential Focus on Energy Sector

Sweden is an important Northern European market for Vietnam, and the two countries have a lot of potential to increase bilateral commerce, as recently highlighted by ...

Vietnam and Japan Collaborate for the Manufacturing of Aerospace Components

A meeting was recently convened at the Kobe Chamber of Commerce and Industry (KCCI) headquarters in Japan to discuss ways to increase Vietnam-Japan cooperation in the ...

Vietnam’s Shrimp Sector Embracing Technology for Clean Supply Chain

The Vietnamese shrimp sector has expanded considerably over the past decade, but some issues such as overfishing, diseases, pollution, and forced labor are still to be fully ...

FamilyMart Announces 1st Halal Convenience Store Cafe in Malaysia

FamilyMart Malaysia, a leading Japanese convenience store chain, announced that its FamiCafé has obtained halal certification from the Department of Islamic Development ...

Yamaha Collaborates with Local Player for a Smart Lights-Out Factory in Malaysia

EG Industries Berhad, Malaysia’s leading Electronic Manufacturing Services (EMS) and Vertical Integration provider, has partnered with Yamaha Motor Co., Ltd., one of the ...

Malaysia Emerging as a Regional Hub for Shipbuilding and Ship Repair

The Malaysian Investment Development Authority (MIDA), the government organization responsible for promoting foreign direct investment, announced that Malaysia has ...

Dyson to Open Advanced Manufacturing Plant for Next Generation Batteries in Singapore

In early May 2023, global technology company Dyson announced plans to accelerate its international advanced manufacturing capabilities and global R&D footprint. These new ...

Gulf Marketing Group to Open Sun & Sand Sports Store in Singapore

Gulf Marketing Group (GMG), a Middle Eastern conglomerate, has announced that it will open its first Sun & Sand Sports (SSS) store in Singapore. SSS, established in Dubai ...

Singapore and US Bolster Cybersecurity Partnership, Test Banks’ Resilience

The US Department of Treasury and the Monetary Authority of Singapore (MAS) have announced an expansion of their collaboration related to cyber and operational resilience ...

Finnish Company to Collaborate on Digital Port Projects in Singapore

The Maritime and Port Authority of Singapore (MPA) has signed a Memorandum of Understanding (MoU) with Wärtsilä, a Finnish company that manufactures and services power ...

Amid Biopharma’s Singapore Expansion Push, Thermo Fisher Debuts Sterile Drug Facility

Amidst a recent expansion of operations by the biopharma industry in Singapore, Thermo Fisher is the latest player to expand its manufacturing and research capabilities in ...

Explore Our Services