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 Emerges as Hub for Luxury Brands
Distributors of luxury brands in Vietnam, including Louis Vuitton, Chanel, Dior, and Hermes, reported profits of VND 3.8 trillion (USD 156.57 million) in 2022, marking a ...
German Tire Manufacturer to Enhance Production in Vietnam
German tire brand Schwalbe recently announced the decision to centralize all tire and tube manufacturing operations in Vietnam in response to the tense conditions in the ...
South Korea to Open Logistics Center in Vietnam, Boosting SMEs
The South Korean government recently announced the establishment of a corporate entity in Vietnam, named K-UPA, with the aim of establishing a logistics center in the ...
Vietnam Joins the Asian Race for Generative AI
Vietnam has entered the race in Asia to develop generative artificial intelligence (AI) programs tailored to local languages and cultures, aiming to reduce reliance on ...
Israel and Vietnam to Collaborate in 3D Printing for Healthcare
In January 2024, the 3D Technology in Medicine Center (3D Lab) of VinUniversity, a private university in Vietnam, signed a Memorandum of Understanding (MoU) with CustoMED – ...
Vietnam Sets Mandatory Recycling Rates for Environmental Protection
Manufacturers and importers of tires, inner tubes, batteries, motor oil, and paper and board packaging are now obligated to recycle a portion of these products under new ...
Vietnam to Invest in Gas-to-Power Plants to Reach Its Target by 2030
Currently, Vietnam lacks operational gas-to-power plants, but the country has plans to have four such facilities with a combined capacity of 6,634 MW operational by ...
Renewable Energy and Semiconductos Set to Be Key Focus on Vietnam-US Cooperation
A senior US official announced in January 2024 that fifteen American companies, including semiconductor firms, are interested in investing USD 8 billion in Vietnam's clean ...
Boeing Suppliers Plan Increased Investment in Vietnam
According to local authorities, KP Aero, a South Korean aviation industry supplier producing components for Boeing aircraft, plans to invest USD 20 million in establishing a ...
Nestlé to Invest USD 100 Million in Coffee Factory in Vietnam
In January 2024, Nestlé Vietnam announced a USD 100 million investment to increase production capacity at its Tri An coffee factory, located in the southern province of Dong ...
Vietnam’s VinGroup Keen to Establish an EV Battery Manufacturing Plant in the Philippines
VinGroup, Vietnam’s largest conglomerate with interests spanning technology, industrial sectors, real estate development, retail, healthcare, and hospitality, has shown keen ...
US Agricultural Exports to the Philippines Projected to Pass Record Rate
The report from the US Department of Agriculture’s Foreign Agricultural Services (FAS) on the Philippines highlights promising growth as a market for US agricultural exports. ...
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