ASEAN 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

South Korea Company Invests USD 1 billion for Bio-textile Material Production in Vietnam

South Korea Company Invests USD 1 billion for Bio-textile Material Production in Vietnam

The South Korean producer of spandex Hyosung TNC Corp. is set to invest USD 1 billion in new bio-textile material facilities in Vietnam, aiming to propel its growth in ...
Vietnam and France Collaborates to Elevate Transportation Networks

Vietnam and France Collaborates to Elevate Transportation Networks

Vietnam’s Ministry of Transportation recently ed a delegation on an official trip to France to enhance collaboration across various transportation sectors. The Vietnamese ...
Vietnam’s FPT to Utilize Nvidia’s Chips for Its USD 200-million AI Factory

Vietnam’s FPT to Utilize Nvidia’s Chips for Its USD 200-million AI Factory

Vietnam's leading tech firm FPT announced plans to build a USD 200 million artificial intelligence (AI) factory utilizing Nvidia's graphics chips and software. This ...
Warburg Pincus to Expand in Vietnam Investing in Local Hospital Group

Warburg Pincus to Expand in Vietnam Investing in Local Hospital Group

US private equity firm Warburg Pincus has confirmed its investment in Xuyen A, a private tertiary general hospital group based in Vietnam. Warburg Pincus’ investment in Xuyen ...
Vietnam Calls for Investment for Water Supply and Drainage Projects

Vietnam Calls for Investment for Water Supply and Drainage Projects

Experts estimate that Vietnam will need to invest USD 20-30 billion in water supply and drainage to ensure universal access to clean water. The Ministry of Natural Resources ...
South Korea’s CS Wind Builds Offshore Wind Turbine Towers in Vietnam

South Korea’s CS Wind Builds Offshore Wind Turbine Towers in Vietnam

South Korea-based manufacturer of wind turbine towers CS Wind has produced the first wind turbine tower in Vietnam's Ba Ria Vung Tau province for an offshore wind farm being ...
Tim Cook Visits Vietnam for Apple’s Supply Chain Expansion

Tim Cook Visits Vietnam for Apple’s Supply Chain Expansion

Apple plans to increase its investment in Vietnam, according to state media quoting CEO Tim Cook during his visit to Hanoi in April 2024. Vietnam is already a crucial ...
Vietnam Aims at South Korea’s K9 Howitzers to Strengthen Defense

Vietnam Aims at South Korea’s K9 Howitzers to Strengthen Defense

In April, 2024, the Vietnamese Ministry of Defense expressed its intention to purchase the K9 howitzers from South Korea's Hanwha Aerospace for the People's Army of Vietnam. ...
Washington State Department of Agriculture to Promote Trade with Vietnam

Washington State Department of Agriculture to Promote Trade with Vietnam

In April 2024, the Washington State Department of Agriculture (WSDA) signed a Memorandum of Understanding (MOU) with Vietnam to enhance agricultural development and trade. ...
UK Supports Indonesia’s Prototype of Marine Floating Solar Power Plant

UK Supports Indonesia’s Prototype of Marine Floating Solar Power Plant

The inaugural prototype of Indonesia's marine floating solar power plant, Solar2Wave, has been unveiled with support from Innovative UK. Collaborating companies and ...
Korean Medical AI Firm to Supply Healthcare AI Solutions to Indonesia’s Largest Hospital

Korean Medical AI Firm to Supply Healthcare AI Solutions to Indonesia’s Largest Hospital

JLK, Korea's premier publicly traded medical AI firm, has forged a partnership with Indonesia's leading hospital chain Siloam, boasting a workforce of over 3,000 doctors and ...
Tech Giants Microsoft and Nvidia Invest in Indonesia’s Tech Expansion

Tech Giants Microsoft and Nvidia Invest in Indonesia’s Tech Expansion

Two prominent US technology companies have recently unveiled significant investment plans in Indonesia, signaling a notable advancement in the country's tech landscape. ...

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