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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

Monthly Business News to Help You Understand the Market

New USD 6 Million Waste-to-Energy Plant Inaugurated in Indonesia

The Indonesian government inaugurated a waste-to-energy power plant in Cilacap, Central Java, worth USD 6 million. The refuse-derived fuel (RDF) facility is a pilot project ...

Indonesia to Prioritize Three Sectors for 2021 Budget

The Indonesian government has decided to focus on three priority sectors for the budget next year. They are food security, industrial estate development and ICT. President ...

Indonesia Plans Purchase of Eurofighter Typhoon Jet Fighters

The Indonesian Defense Minister, Prabowo Subianto, has expressed interest in buying 15 second-hand Eurofighter Typhoons from the Austrian Air Force, stating that the ...

Indonesia Grapples with Increasing Medical Waste

The development of COVID-19 has put the issue of medical waste in Indonesia in the spotlight. According to the Indonesian Environmental Scientists Association (IESA), there ...

Indonesia Develops Seven Irrigation Networks

The Ministry of Public Works and Public Housing (PUPR) has developed seven irrigation networks to support the country’s economic setback due to COVID-19 pandemic. Besides the ...

Global Electronics Companies Continue to Shift Production to Vietnam

Major global tech companies, including LG, Panasonic, Samsung or Foxconn, are looking to shift or expand production in Vietnam in the post-Covid-19 pandemic period, according ...

Central Retail Group Plans to Increase its Vietnam Footprint

Thai retail conglomerate, Central Group plans to expand its presence in Vietnam through its Central Retail subsidiary, aiming to cover around 90% of Vietnam's provinces in ...

AstraZeneca Partners with Vietnamese Firm for Pharmaceutical Products Distribution

Pharmaceutical giant AstraZeneca, through its Vietnam subsidiary, signed an agreement with the National Phytopharma Joint-Stock Company No 2 (Phytopharma) allowing the latter ...

Plastics Manufacturer in Vietnam to Set Up Recycling Factory with Funding from HSBC

HSBC Vietnam is extending a loan of USD 60 million to Duy Tan Plastics Corporation (Duy Tan), which will help the company develop the first stage of its plastics recycling ...

Registration Fee Reduction Boosts Car Sales in Vietnam

The Vietnamese government decided to cut registration fees for locally manufactured and assembled cars by 50% until the end of this year acting on a proposal by the Ministry ...

Vietnamese Bank Partners with Temenos for Digital Wealth Management

Military Commercial Joint Stock Bank (MB) has chosen Temenos Infinity Wealth to deliver digital wealth management services to its private banking customers. MB, one of the ...

US-Vietnamese Company to Build USD 6.2 Billion Power Plant in Hue

Chan May LNG JSC, which has American and Vietnamese investors, will develop and operate a power plant in Hue, with a generation capacity of 4,000 MW. It will consist of a ...

New Landing Ship Tank Launched for Vietnam Navy

Song Thu Corporation, a shipbuilder in Danang has launched the third 57 m roll-on/roll-off landing ship tank which was ordered by the People’s Army of Vietnam (PAVN) Navy. ...

EVFTA to Create New Opportunities for Vietnam’s Logistics Service Industry

The Europe-Vietnam Free Trade Agreement (EVFTA) will generate new opportunities for Vietnam and the logistics service industry is preparing infrastructure and techniques to ...

American PPE Distributor Opens Office in Thailand for Sourcing Gloves

Frozen Wheels, a US-based distributor of food and personal protective equipment (PPE), announced the opening of an office in Thailand for sourcing powder-free nitrile ...

Thailand to Build Eight New Motorways to Facilitate Regional Transportation and Trade

In June 2020, Thailand's Transport Ministry announced a master plan to construct eight new motorways, with a combined length of 4,930 kilometers, that will run parallel with ...

Thai Government Sets Target to Develop 100 Smart Cities

In July 2020, the Digital Economy Promotion Agency (DEPA) of Thailand has announced an objective to transform 100 cities across the country into smart cities in two years, ...

Thai-German Partnership for More Sustainable Rice Farming

Farmers in central Thailand have been adopting a new farming method under a pilot “sustainable rice platform” sponsored by GIZ (Deutsche Gesellschaft für Internationale ...

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