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

USD 303 Million ADB Loan to Boost Flood Resilience in 3 Philippine River Basins

USD 303 Million ADB Loan to Boost Flood Resilience in 3 Philippine River Basins

The Asian Development Bank (ADB) has approved a USD 303 million loan to reduce flood and climate risks and protect people and livelihoods in three major river basins in the ...
Philippines Is Losing PHP 110 billion (USD 1.9 billion) Yearly Due to Cancer

Philippines Is Losing PHP 110 billion (USD 1.9 billion) Yearly Due to Cancer

According to a recent study published by the Philippine Institute for Development Studies (PIDS), the Philippines is losing over PHP 110 billion (USD 1.9 billion) annually ...
Development Bank of the Philippines Extends Support to Modernize the Country’s Food Logistics Infrastructure

Development Bank of the Philippines Extends Support to Modernize the Country’s Food Logistics Infrastructure

The Development Bank of the Philippines (DBP), the Philippines’ eighth-largest bank in terms of assets, is ready to extend its support to the government’s food logistics ...
South Korea’s Retail Giant Lotte to Expand Its Presence in Vietnamese Market

South Korea’s Retail Giant Lotte to Expand Its Presence in Vietnamese Market

In September 2023, Lotte announced the official opening of Lotte Mall West Lake Hanoi, a mega shopping mall that serves customers desiring to experience Korean products ...
Apple Completes Transfer of 11 Manufacturing Units to Vietnam

Apple Completes Transfer of 11 Manufacturing Units to Vietnam

According to Mr. Nguyen Thang Vuong, Head of the European and American Markets Division under the Ministry of Industry and Trade, Apple has relocated 11 factories for ...
Vietnam to Launch Its First Mega LNG Complex

Vietnam to Launch Its First Mega LNG Complex

Petrovietnam Gas Joint Stock Corporation (PV GAS) has completed a series of technical tests and is now prepared to begin commercial operation of the Thi Vai liquefied natural ...
Vietnam to Release Licenses for 5G Commercialization

Vietnam to Release Licenses for 5G Commercialization

Vietnam’s Ministry of Information and Communications (MIC) is planning for the auction frequencies of 5G in November 2023, and it is expected that the first series of ...
South Korea and Vietnam to Bolster Bilateral Relationship in Drugs and Medical Devices Sector

South Korea and Vietnam to Bolster Bilateral Relationship in Drugs and Medical Devices Sector

South Korea’s Ministry of Food and Drug Safety (MFDS) in September 2023 held a bilateral collaboration meeting with the Drug Administration of Vietnam (DAV) to support ...
South Korean Company to Build Biodegradable Material Factory in Vietnam

South Korean Company to Build Biodegradable Material Factory in Vietnam

SK Group's SKC Co., a chemical subsidiary of the South Korean conglomerate, is gearing up to construct a factory in Vietnam dedicated to producing materials for biodegradable ...
The United States and Vietnam Advance Economic Ties

The United States and Vietnam Advance Economic Ties

U.S. President Joe Biden, top executives from prominent U.S. tech companies such as Google, Intel, and Vietnamese business leaders had a meeting following the bilateral ...
ADB and GreenYellow Partner to Expand Commercial and Industrial Rooftop Solar in Vietnam

ADB and GreenYellow Partner to Expand Commercial and Industrial Rooftop Solar in Vietnam

The Asian Development Bank (ADB) and GreenYellow Smart Solutions Vietnam Co., Ltd. (GreenYellow) have inked a loan agreement, totaling USD 13.8 million, to facilitate the ...
Vietnam Airlines Secures USD 7.8 Billion Boeing 737 Max Deal

Vietnam Airlines Secures USD 7.8 Billion Boeing 737 Max Deal

A deal between Vietnam Airlines and American aircraft manufacturer Boeing, worth a remarkable USD 7.8 billion was officially confirmed during Biden’s visit to Hanoi in ...

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