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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

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Vietnam Joins the Asian Race for Generative AI

Vietnam has entered the race in Asia to develop generative artificial intelligence (AI) programs tailored to local languages and cultures, aiming to reduce reliance on ...

Israel and Vietnam to Collaborate in 3D Printing for Healthcare

In January 2024, the 3D Technology in Medicine Center (3D Lab) of VinUniversity, a private university in Vietnam, signed a Memorandum of Understanding (MoU) with CustoMED – ...

Vietnam Sets Mandatory Recycling Rates for Environmental Protection

Manufacturers and importers of tires, inner tubes, batteries, motor oil, and paper and board packaging are now obligated to recycle a portion of these products under new ...

Vietnam to Invest in Gas-to-Power Plants to Reach Its Target by 2030

Currently, Vietnam lacks operational gas-to-power plants, but the country has plans to have four such facilities with a combined capacity of 6,634 MW operational by 2030. In ...

Renewable Energy and Semiconductos Set to Be Key Focus on Vietnam-US Cooperation

A senior US official announced in January 2024 that fifteen American companies, including semiconductor firms, are interested in investing USD 8 billion in Vietnam’s ...

Boeing Suppliers Plan Increased Investment in Vietnam

According to local authorities, KP Aero, a South Korean aviation industry supplier producing components for Boeing aircraft, plans to invest USD 20 million in establishing a ...

Nestlé to Invest USD 100 Million in Coffee Factory in Vietnam

In January 2024, Nestlé Vietnam announced a USD 100 million investment to increase production capacity at its Tri An coffee factory, located in the southern province of Dong ...

Vietnam’s VinGroup Keen to Establish an EV Battery Manufacturing Plant in the Philippines

VinGroup, Vietnam’s largest conglomerate with interests spanning technology, industrial sectors, real estate development, retail, healthcare, and hospitality, has shown keen ...

US Agricultural Exports to the Philippines Projected to Pass Record Rate

The report from the US Department of Agriculture’s Foreign Agricultural Services (FAS) on the Philippines highlights promising growth as a market for US agricultural exports. ...

Philippines Greenlights USD 35 Billion Military Modernization Plan

The Philippine government has given the green light to a revised military modernization plan, dubbed “Re-Horizon 3,” allocating a staggering two trillion ...

IKEA Expands Reach Across the Philippines, Prioritizing Accessibility and Sustainability

Swedish home furnishing giant IKEA has announced its expansion into major cities across the Philippines, further solidifying its footprint in the country’s burgeoning ...

Philippines and Brazil Enhance Collaboration Across Various Sectors

President Marcos expressed his commitment to strengthen the Philippines’ ties with Brazil in various sectors such as agriculture, trade, defense, and climate change. ...

DOH Plans 28 Ambulatory Care Facilities for Enhanced Healthcare Access in the Philippines

The Department of Health (DOH) aims to enhance healthcare accessibility for impoverished Filipinos by constructing 28 National Ambulatory and Urgent Care Facilities across ...

DENR and UNDP Underscore the Potential of Circular Economy to Expedite Climate Targets

The transformative impact of circular economy in meeting climate targets was highlighted during a forum organized by the Philippine Government and the United Nations ...

Offshore Wind Energy is a Now Priority in the Philippines’ RE Portfolio

The Philippines Department of Energy (DOE) has recognized offshore wind energy as one of its key focus within the nation’s renewable energy (RE) sector. In a statement ...

KDDI to Support the Philippines’ First Subway System

KDDI Philippines, a subsidiary of Japan’s KDDI, confirmed that it will deploy telecoms infrastructure for the country’s first subway transport network. The telco ...

Philippine Government Allots 20.9% of ICT Budget for Cybersecurity Projects

The Department of Budget and Management (DBM) in the Philippines is prioritizing cybersecurity as part of its digitalization efforts, allocating 20.92% of its PHP 2.5 billion ...

US Company to Support Private Network Rollout in Indonesia

Aviat Networks, a global provider of microwave transport and backhaul solutions headquartered in Texas, recently announced a strategic collaboration agreement with ...

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