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

Indonesia Turns Away from Russia, Confirms Purchase of Qatari’s Jet Fighters

Jul 2023 Indonesia, Defense/Aerospace

The Indonesian Air Force (TNI-AU) has revealed that it signed a EUR 733 million (USD 793.14 million) contract to acquire the Qatar Emiri Air Force’s (QEAF’s) ...

Indonesia’s Parliament Approves USD 1 Billion Increase for Construction of New Capital

Jul 2023 Indonesia, Economy, Infrastructure

Indonesia is ready to build its new capital, Nusantara, and the country’s parliament budget committee has recently granted an additional IDR 15 trillion (USD 1 billion) ...

Australian Company Initiates Commissioning of Nickel Power Plant in Indonesia

Jul 2023 Indonesia, Energy

Nickel Industries (NIC), an Australian company specializing in nickel pig iron production, has commenced the commissioning of its 380-megawatt (MW) power plant in the ...

Long John Silver’s, a US-based Franchise, Launches Its First Branch in Indonesia

Jul 2023 Indonesia, Retail/FMCG

The first-ever Long John Silver’s location in Indonesia has been inaugurated in Gading Serpong, serving as the brand’s global flagship store. The restaurant ...

Irish Food Giant Establishes a New Manufacturing Facility in Indonesia

Jul 2023 Indonesia, Agrifood, Manufacturing

Kerry, an Ireland-based food company, has officially inaugurated a taste manufacturing facility in Karawang, West Java, Indonesia. Spanning across 50,000 square meters, this ...

Indonesia and Dubai to Collaborate for the Development of the Belawan Seaport

Jul 2023 Indonesia, Infrastructure

The Indonesia Investment Authority (INA), in partnership with Dubai Port World (DP World) from the United Arab Emirates (UAE), established a consortium named INA-DPWorld ...

Indonesia and South Korea Establish ICT Ecosystem for Indonesian SMEs

Jul 2023 Indonesia, ICT

The Cooperatives and Small and Medium Enterprises (SMEs) Ministry of Indonesia is partnering with South Korea to develop an ICT ecosystem aimed at enhancing the capabilities ...

GC Biopharma Awarded Contract to Construct Blood Products Plant in Indonesia

Jul 2023 Indonesia, Healthcare

South Korean pharmaceutical company, GC Biopharma Co has obtained approval from the Indonesian Ministry of Health for the establishment of a blood products facility. The ...

Vietnam’s Coffee Exports to Achieve a New Milestone

Jul 2023 Vietnam, Agrifood

Coffee is a highlight of Vietnam’s agricultural exports in the first half of 2023. Owing to surging coffee prices due to reduced output amidst severe weather conditions ...

Australia-Vietnam Innovation Collaboration Strengthened with RMIT University Investment

Jul 2023 Vietnam, Economy

During his official visit to Vietnam, Australian Prime Minister (PM) Anthony Albanese inaugurated a new innovation hub in Vietnam as part of RMIT University’s AUD 250 ...

Korea Aerospace Industries and Viettel Aerospace Institute to Develop and Manufacture Helicopters in Vietnam

Jul 2023 Vietnam, Defense/Aerospace

In June 2023, Korea Aerospace Industries Co. (KAI) and Viettel Aerospace Institute (VTX), Vietnam’s largest telecom service provider, signed a preliminary agreement on ...

Vietnam’s LNG Projects Bolstered through Partnership with Korean Companies

Jul 2023 Vietnam, Energy

T&T Group, one of the biggest private enterprises in Vietnam, and South Korean companies Korea Gas Corporation (KOGAS) and SK E&S, have signed memorandums of ...

Vietnamese Company to Install Austrian PET Bottle-to-Bottle Recycling Line

Jul 2023 Vietnam, Environment

DUYTAN Plastic Recycling Co. Ltd., the first plastics recycler in Vietnam to produce recycled PET for beverage bottle production, is set to install its third Starlinger PET ...

Vietnam Emerging as R&D Hub for Samsung and LG

Jul 2023 Vietnam, Manufacturing

Vietnam is emerging as a prominent hub for research and development (R&D) for Samsung and LG, going beyond being a global production center for the companies. Samsung has ...

Vietnam Experiencing Surge in Demand for K-Beauty Products

Jul 2023 Vietnam, Retail/FMCG

Vietnam is becoming a potential alternative for Korean cosmetics companies confronting sales challenges in China, as the demand for K-beauty products surges in the Southeast ...

Thai Healthcare Group to Target Wealthy Vietnamese Customers

Jul 2023 Vietnam, Healthcare

Thonburi Healthcare Group Plc (THG), a Thai-based company engaging in medical and hospital management services, is partnering with Mithmitree Clinic and Vietnam’s real estate ...

South Korean Player to Develop a Smart Cities Platform Management for Vietnam

Jul 2023 Vietnam, ICT

Bespin Global Vietnam, a cloud management service provider, has inked a Memorandum of Understanding (MoU) with South Korea’s Changsoft I&I to develop a platform for smart ...

Vietnam’s Logistics Sector Appealing to Investors Amidst Upgrade Plans

Jul 2023 Vietnam, Infrastructure

Vietnam recently announced plans to upgrade its logistics infrastructure in the southeast region. This key southern economic region covers Ho Chi Minh City (HCMC) and the ...

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