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
Global Advanced Materials Firm Launches USD 177 Million Plant in Kedah, Malaysia
Ferrotec Holdings Corporation, a prominent global supplier of materials and precision system solutions based in Japan, has unveiled its latest manufacturing facility at Kulim ...
UK’s Molton Brown Opens Its First Flagship Store in Kuala Lumpur
Japanese cosmetics giant Kao is ramping up its global presence by opening the flagship store of the British luxury fragrance brand Molton Brown in Kuala Lumpur, Malaysia. ...
Malaysia Approves 22 Renewable Energy Projects to Foster Energy Transition
The Malaysian Ministry of Energy Transition and Public Utilities, through the Sustainable Energy Development Authority (Seda), has granted approval for the implementation of ...
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 ...
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