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

Phuc Long Coffee & Tea targets Hanoi and Ho Chi Minh City

Mar 2024 Vietnam, Retail/FMCG

Masan Group’s Phuc Long Coffee & Tea is pivoting its strategy from focusing on WinMart coffee kiosks to expanding its network of coffee shops in Vietnam’s key ...

American Biotechnology Company to Open Spider Silk Production Facility in Vietnam

Mar 2024 Vietnam, Manufacturing

American biotechnology company Kraig Biocraft Laboratories (Kraig Labs) has announced the commencement of a new recombinant spider silk production center in Lam Dong Province ...

Singapore’s CAI to Manage Vietnam’s Cam Ranh International Airport

Mar 2024 Singapore, Vietnam, Defense/Aerospace, Infrastructure

Singapore’s Changi Airports International (CAI) has entered into a partnership with Cam Ranh International Joint Stock Company (CRTC) to manage Terminal 2 of Cam Ranh ...

Vietnam International Bank to Upgrade Cloud Core Banking System

Mar 2024 Vietnam, ICT

Vietnam International Bank (VIB) has teamed up with Amazon Web Services (AWS) and Switzerland-based technology solutions provider ITSS to deploy the latest version of the ...

South Koreaan Pharmaceutical Specialist to Expand Presence in Vietnam

Mar 2024 Vietnam, Healthcare

South Korean pharmaceutical company Genuone Sciences has recently formed a partnership with Vietnam’s pharmaceutical manufacturer Imexpharm in a strategic movement to expand ...

Vietnam’s Tech Champion Partners with Japan’s Carbon EX to Foster the Carbon Market

Mar 2024 Vietnam, Environment

Vietnam’s leading ICT company, FPT Group, has signed an MoU with Carbon EX, a Japanese platform for trading carbon credits, to foster Vietnam’s carbon market and work ...

Vietnam to Boost Green Hydrogen Industry, Sets Targets for 2030

Mar 2024 Vietnam, Energy

Vietnam has announced to implement the Prime Minister’s decision No.165 on the strategy to promote hydrogen until 2030, with a vision to 2050. Accordingly, the country aims ...

Vietnam Introduces New Incentives for Investment into Hi-tech Parks

Mar 2024 Vietnam, Economy

The Vietnamese Government has introduced new incentive packages to stimulate investments in hi-tech parks. Decree No. 10/2024/NĐ-CP stipulates that hi-tech parks will receive ...

Japanese Specialist Partners with Vietnam’s Environmental Agency for Satellite Sensing Technology

Mar 2024 Vietnam, Defense/Aerospace

Synspective, a Japanese Synthetic Aperture Radar (SAR) satellite data and analytics solution provider, recently entered into an agreement with the National Remote Sensing ...

Singaporean Specialist Opens the Largest Insect Protein Plant in Vietnam

Mar 2024 Vietnam, Agrifood

Entobel, a Singaporean specializing in the production of functional insect protein for animal and plant nutrition, recently inaugurated a new black soldier fly (BSF) ...

Japanese Confectionery Specialist to Strengthen Chocolate Supply Chain in Indonesia

Mar 2024 Indonesia, Agrifood, Retail/FMCG

Chateraise, a Japanese confectionery company, just announced plans to aid local cacao production and strengthen the chocolate supply chain. This initiative aims to enhance ...

French Yeast Manufacturer Opens New Factory in Indonesia

Mar 2024 Indonesia, Agrifood, Manufacturing

Lesaffre, a French manufacturer specializing in fermentation and microorganisms, recently inaugurated its latest venture in Indonesia: a new manufacturing facility dedicated ...

Recce Pharmaceuticals Forges Strategic Partnership in Indonesia

Mar 2024 Indonesia, Healthcare

Recce Pharmaceuticals Limited, known for its innovative synthetic anti-infectives, recently signed a Memorandum of Understanding (MoU) with PT Etana Biotechnologies (Etana), ...

L&T Construction Wins Jakarta MRT Phase 2A Contract

Mar 2024 Indonesia, Infrastructure

The Railways Strategic Business Group of L&T Construction has recently won a contract to build the Jakarta Mass Rapid Transit (MRT) Project (Phase 2A) for MRT Jakarta. ...

Singaporean Fintech Teams Up with Indonesian Bank for Regional Partnership

Mar 2024 Indonesia, ICT

Singaporean fintech Helicap Pte Ltd and PT Bank Danamon Indonesia Tbk (Danamon) recently unveiled a strategic alliance geared towards bolstering the fintech and alternative ...

SUEZ Wins Contract for Water Treatment Plant Project in Indonesia

Mar 2024 Indonesia, Environment

SUEZ, a leading player in water management, recently signed a contract for the Buaran III Water Treatment Plant (WTP) project in Jakarta. The Group will supply key equipment ...

Italian Energy Company Plans to Increase Gas Production while Focusing on Decarbonization Efforts in Indonesia

Mar 2024 Indonesia, Energy

Italian energy company Eni SpA has presented its proposed expansion of natural gas operations to the Indonesian government and concurrently inked an agreement with the energy ...

Indonesia Broadens Tax Incentives to Stimulate Electric Vehicle Sales

Mar 2024 Indonesia, Economy

Indonesia has introduced fresh incentives to stimulate the sales of domestically manufactured and imported electric vehicles (EVs), aiming at promoting eco-friendly ...

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