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

Vietnam Acquiring Military Reconnaissance Drone from Boeing

According to multiple media reports, U.S. company Boeing is close to securing a deal to sell ScanEagle unmanned aerial vehicles (UAVs) with intelligence collection and ...

Vestas Wins Order for 42 MW Wind Power Project in Vietnam

Danish wind turbine manufacturer, Vestas, has won an order for 10 V150-4.2 MW wind turbines for an unnamed client in Vietnam. The company describes the V150-4.2 MW wind ...

USD 600,000 Project to Expand Vaccine Access in Vietnam

The National Institute of Vaccines and Medical Biologicals (NICVB), the National Institute of Hygiene and Epidemiology (NIHE) in Vietnam are collaborating with Zuellig Pharma ...

Two Recent M&A Deals in Vietnam’s Retail Sector

In early April 2019, VinCommerce, a retail subsidiary of local conglomerate Vingroup, took over convenience store chain Shop&Go for a symbolic value of 1 USD. Shop&Go is a ...

CMC Corporation Launches Open ICT Infrastructure Ecosystem in Vietnam

CMC Corporation (CMC), a leading ICT corporation in Vietnam, has launched an open Infrastructure ecosystem for enterprises and organizations called C.OPE2N. The architecture ...

Additional USD 344 Million Investment for Flood Prevention in HCMC

Ho Chi Minh City (HCMC) is projected to carry out 218 anti-flood projects with a total cost of nearly USD 344 million (VND 8 trillion) in 2019 to address chronic flooding and ...

U-Tapao Airport and Eastern Airport City Project Bidders Revealed

Names of the bidders for U-Tapao Airport And the Eastern Airport City Project were revealed when the Royal Thai Navy, which manages Rayong's U-Tapao airport, unsealed the bid ...

USD 1 Billion Green Infrastructure Finance Facility Launched for South East Asia

On 4 April, 2019 in Bangkok, the Association of Southeast Asian Nations (ASEAN), the Asian Development Bank (ADB) and major development financiers launched a facility, called ...

Trade Boost Expected as Second Thai-Myanmar Friendship Bridge Opens

The second Thailand-Myanmar Friendship Bridge linking Thailand’s Mae Sot district and Myanmar’s border city of Myawaddy on the Thai-Myanmar border has been officially opened ...

Sony Shifts Smartphone Production to Thailand

According to media reports, Sony is closing a smartphone production plant in Beijing and shifting to Thailand. The unit has continually experienced losses over the last few ...

Samitivej Hospital Launches Virtual Medical Service App

Samitivej Hospital Group, a private hospital in Thailand with a network of eight hospitals and owned by Bangkok Dusit Medical Services (BDMS), recently announced the launch ...

RS Company to Focus on Retail Sector Business

RS Media & Publishing Company (RS Media) has moved its business category in the Stock Exchange of Thailand from “media & publishing” to “commerce” with effect from March 29. ...

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