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 Moving Forward with Plans for New Capital

The president of Indonesia, Joko “Jokowi” Widodo, has just approved the government work plan (RKP) of 2022, which allocates over USD 32 million for the country’s new capital ...

Nokia and Indosat Ooredoo Launch 5G Network in Indonesia

In September 2021, Finnish IT and consumer electronics company Nokia and Indonesian telecommunications provider Indosat Ooredoo announced the launch of commercial 5G services ...

Indonesian Insurtech Company Receives Funding to Launch Subscription-Based Digital Insurance Products in Indonesia

Rey Assurance, the first dedicated and integrated health, life and critical illness Insurtech company in Indonesia, has received approximately USD 1 million worth of seed ...

Indonesia to Develop First Pumped Storage Hydropower Plant to Support Energy Transition

The World Bank’s Board of Executive Directors has approved a USD 380 million loan for Indonesia to develop its first pumped-storage hydropower plant, which aims to improve ...

Indonesian Government Shows Support for Australia-Asia PowerLink Energy Infrastructure Project

In September 2021, Indonesia’s Coordinating Ministry for Maritime and Investments Affair announced its support for Sun Cable’s Australia-Asia PowerLink, one of the world’s ...

Record High Exports and Trade Surpluses in August Indicate Economic Recovery for Indonesia

In August, Indonesia's exports hit a record high of USD 21.42 billion, boosted by surging commodity shipments, helping Southeast Asia's biggest economy post its largest-ever ...

Indonesia to Buy Five Transport Aircraft from Lockheed Martin

In September 2021, the Indonesian Air Force (TNI-AU) confirmed plans to buy five Lockheed Martin C-130J Super Hercules tactical transport aircraft. Moreover, several ...

Three Indonesian Domestic Agricultural Startups Tipped to Become Unicorns

3 agricultural technology startups in Indonesia – TaniHub, iGrow and Karsa, have been tipped by tech leaders to be contenders for the country’s next unicorn, which is a ...

Vietnam Plans to Grow its Halal Industry

The Ministry of Foreign Affairs recently held a virtual workshop aimed at increasing Vietnamese exports to the halal market and develop a strategic and comprehensive plan for ...

VinFast Collaborates with Israel’s StoreDot and Other Players for Fast Charging Batteries

Aiming to obtain a competitive advantage in the global electric vehicle (EV) market, Vinfast, Vietnam´s leading private automotive manufacturer, has formed several ...

Upgrade Approved for Con Dao Airport

The Ministry of Transport of Vietnam has authorized plans to expand the airport on Con Dao Island, which will be able to accommodate up to 2 million people and 4,400 tons of ...

Vietnam’s Digital Banking Pioneer Timo to Partner with Germany’s Mambu

Timo, Vietnam’s first digital bank, has partnered with Germany's Software as a Service (SaaS) banking specialist Mambu to take advantage of its cloud-native core banking ...

Vietnam Launches Platform to Connect its Entire Network of National Health Centers

In August 2021, Vietnam inaugurated the Telehealth platform, which facilitates connections of all health centers nationwide, from district hospitals to those at the national ...

Vietnam Releases 1st National Marine Report

The Ministry of Natural Resources and Environment (MoNRE) has just completed a report on maritime environment and national islands covering the 2016 - 2020 period. The report ...

Vietnam Set to Become a Green Energy Powerhouse

Vietnam has become a leader in clean energy solutions, with the highest installed capacity of solar power in Southeast Asia, generating 16,500 megawatts at the end of 2020 ...

New Opportunities for Vietnam’s Exports as the World Re-opens

Several countries are reopening their economies after the success of vaccination programs. As a result, it is predicted that the demand for textiles, footwear, furniture, and ...

Boeing Opens its First Office in Vietnam

Boeing has opened its first office in Hanoi, along with another in Jakarta, in Indonesia. In parallel, Boeing announced the appointment of a new president of the company’s ...

Australia Sponsors GRAFT Challenge Vietnam to Support Vietnam’s Agriculture

GRAFT Challenge Vietnam has been recently launched in order to assist promising AgriTech innovators from around the world in expanding into Vietnam. The program is sponsored ...

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