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 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-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
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
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
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
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
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
Two prominent US technology companies have recently unveiled significant investment plans in Indonesia, signaling a notable advancement in the country's tech landscape. ...
Japan’s Sojitz Corporation Secures Contract of USD 250 Million to Extend MRT Jakarta
A contract worth IDR 4.7 trillion 8around USD 250 million) has been signed between PT MRT Jakarta and Japan's Sojitz Corporation. The agreement aims to extend the integrated ...
American Company DNV and Indonesia’s PLN Collaborate on Power Grid Resilience
The American company DNV and PT PLN Engineering (PLNE), a subsidiary of Indonesia’s state-owned power distribution company PT PLN, have entered into a Memorandum of ...
Indonesia and UK Enhance Trade and Economic Collaboration
During a meeting in London last month, Indonesia's Coordinating Minister for Economic Affairs and the British Minister of Trade discussed bolstering economic and trade ties ...
British Crayfish Enterprise Targets Success in Indonesia
Noola Sukess Mandiri (NSM), an Indonesian enterprise specializing in red claw crayfish cultivation, recently announced its near completion of the initial farming trial. This ...
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