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’s GDP Grows in the Fourth Quarter as Manufacturing Revives

Vietnam’s GDP Grows in the Fourth Quarter as Manufacturing Revives

Vietnam's economy bounced back in the fourth quarter (Q4) as manufacturing revived and exports extended their recovery from the pandemic slump earlier 2021. GDP rose 5.22% ...
Vietnam Aims For 75% Renewable Energy by 2045

Vietnam Aims For 75% Renewable Energy by 2045

The Vietnamese government plans to generate 75% of national power production capacity and 70% of actual production from renewables by 2045, following the 2021 United Nations ...
Imports of Animal Feed into Vietnam are Increasing

Imports of Animal Feed into Vietnam are Increasing

Vietnam is the largest corn importer in Southeast Asia. Over the next ten years, Vietnam's import demand for corn and grain by-products for animal feed is forecasted to ...
Vietjet Signs Two Contracts in Switzerland

Vietjet Signs Two Contracts in Switzerland

Vietjet has signed a Memorandum of Understanding (MoU) with SR Technics, one of the world's leading providers of Maintenance, Repair, and Overhaul (MRO) services, worth USD ...
Philippines’ Frozen Pork Inventory Drops Post-Holiday Season

Philippines’ Frozen Pork Inventory Drops Post-Holiday Season

The Philippines frozen pork inventory in accredited cold storages declined from 75,024.9 MT recorded on November 29, 2021 to 62,695.25 MT as of January 10, 2022. Frozen pork ...
Skechers USA Expands, Sets Up Subsidiary Office in the Philippines

Skechers USA Expands, Sets Up Subsidiary Office in the Philippines

American footwear and apparel brand, Skechers, ended its distributorship agreement with its local partner in a bid to establish its own presence and directly operate its ...
Malaysian Retailers into Multi-Channel Partnerships

Malaysian Retailers into Multi-Channel Partnerships

Malaysian retailers continue to strike multi-channel partnership deals with various parties to take advantage of the opportunities brought by pandemic-posed challenges for ...
Intel to Invest over USD 7 billion to Expand Manufacturing Capabilities in Malaysia

Intel to Invest over USD 7 billion to Expand Manufacturing Capabilities in Malaysia

Intel Corp has announced a major investment of over USD 7 billion to build a new chip packaging and testing factory in Bayan Lepas, Penang, in the midst of a worldwide ...
AEON Extends Small and Medium Sized Supermarkets in Vietnam

AEON Extends Small and Medium Sized Supermarkets in Vietnam

To diversify the retail business ecosystem in Vietnam, AEON Vietnam - the subsidiary in charge of the general retail business of AEON Group (Japan), continues to expand ...
DNB Successfully Integrates Five MNOs into its 5G Network

DNB Successfully Integrates Five MNOs into its 5G Network

Digital Nasional Berhad (DNB), Malaysia’s sole 5G wholesale service operator has successfully integrated five mobile network operators (MNOs) into its 5G network as of ...
UK, US Keen to Enhance Digital Economic Cooperation with Malaysia

UK, US Keen to Enhance Digital Economic Cooperation with Malaysia

The UK has expressed its interest to enhance economic cooperation with Malaysia especially in the field of digital economy in various matters, including education and ...
Cargill Invests USD 100 million to Boost Specialty Fats Supply in Malaysia

Cargill Invests USD 100 million to Boost Specialty Fats Supply in Malaysia

Global manufacturer of agricultural products, Cargill will spend MYR 145 million (USD 34.7 million) to expand its production facility in Port Klang, Malaysia, to fulfill ...

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