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 to Buy Five Transport Aircraft from Lockheed Martin

Oct 2021 Indonesia, Defense/Aerospace

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

Oct 2021 Indonesia, Agrifood

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

Aug 2021 Vietnam, Retail/FMCG

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

Aug 2021 Vietnam, Manufacturing

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

Aug 2021 Vietnam, Infrastructure

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

Aug 2021 Vietnam, ICT

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

Aug 2021 Vietnam, Healthcare

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

Aug 2021 Vietnam, Environment

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

Aug 2021 Vietnam, Energy

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

Aug 2021 Vietnam, Economy

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

Aug 2021 Vietnam, Defense/Aerospace

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

Aug 2021 Vietnam, Agrifood

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 ...

CP Group to Digitalize Lotus Supermarket Chain

Aug 2021 Thailand, Retail/FMCG

Thailand's largest conglomerate. Charoen Pokphand (CP) Group, has announced that it will overhaul its Lotus supermarket chain in order to align to new shopping habits in the ...

Thailand Announces New Incentives for Semiconductor Manufacturing

Aug 2021 Thailand, Manufacturing

Thailand Board of Investment (BOI) has announced plans to promote investment in the manufacturing of semiconductors and related R&D activities, aiming to strengthen the ...

Thailand to Complete the Largest Rail Station in the Region

Aug 2021 Thailand, Infrastructure

The government of Thailand has just announced that the country is on track to open the largest rail station in Southeast Asia. The new Bang Sue Grand Station will open by the ...

Thailand to Test Retail Digital Currency in 2022

Aug 2021 Thailand, ICT

The Bank of Thailand has just announced that it plans to test its retail digital currency for the public in the second quarter of 2022 as an alternative payment option. The ...

Thailand Develops Robot Administering Covid-19 Vaccines

Aug 2021 Thailand, Healthcare

Researchers from Thailand's Chulalongkorn University have developed a machine to draw out Covid-19 vaccine doses more efficiently and optimize lower-than-expected. The new ...

PTT Pivots to Green Investments, Allocates USD 10 Billion

Aug 2021 Thailand, Environment

PTT, the Thai state-owned oil and gas giant whose sales account for about 10% of the nation’s economic output, has embarked on a series of investments worth billions of ...

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