Indonesia applies for CPTPP membership to boost exports
Indonesia has officially applied to become a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to boost its export growth.
Coordinating Economic Minister Airlangga Hartarto (left) stands before the press in his Jakarta office on August 5, 2024, to speak about Indonesia's gross domestic product growth in Q2. Photo courtesy of The Jakarta Post.
Indonesia's Antara news agency on Wednesday cited Coordinating Minister for Economic Affairs Airlangga Hartarto as saying that the ministry has handed over the application letter to New Zealand as the depositary of the CPTPP.
Indonesia's accession process is aimed at driving structural reform in the Southeast Asian country, and expanding its access to international markets.
In May, Indonesia expressed its intention to join the trans-Pacific trade pact with a hope of drawing investment via expanding export markets.
The CPTPP is a free trade agreement in force between 11 countries, including Vietnam, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru and Singapore. The UK’s accession as the 12th member will take effect from December 2024.
- Read More
Thai farm culls 125 crocodiles as flood waters rise
A crocodile farm in Thailand culled 125 of the reptiles for fears that they could escape during ongoing floods and endanger human lives, its owner said on Wednesday.
Southeast Asia - Thu, September 26, 2024 | 8:49 pm GMT+7
Vietnam most important overseas market for Japanese retail giant Aeon
Vietnam is the most important overseas market in Japanese retail giant Aeon Group's growth strategy, so it will continue to invest in the country, says Furusawa Yasuyuki, general director of Aeon Vietnam.
Companies - Thu, September 26, 2024 | 8:01 pm GMT+7
Typhoon Yagi inflicts $2.4 bln damage on Vietnam’s agriculture sector: Deputy Minister
Yagi, the biggest storm to hit Asia this year, has inflicted damages estimated at VND60 trillion ($2.44 billion) on Vietnam’s agricultural sector, says Deputy Minister of Agriculture and Rural Development Hoang Trung.
Economy - Thu, September 26, 2024 | 6:05 pm GMT+7
China’s LONGi delivers rooftop solar installations for Vietnam garment firm
China-headquartered energy solutions provider LONGi and Hanoi-based Solar Electric Vietnam JSC (SEV) have delivered a rooftop solar photovoltaic (PV) project to Tan De Company, one of Vietnam's largest garment manufacturers and exporters.
Energy - Thu, September 26, 2024 | 6:03 pm GMT+7
Vietnam ministry backs tax on second properties to curb speculation, stabilize real estate market
Vietnam’s Ministry of Construction has supported taxing second properties and beyond as a potential measure to curb speculation and stabilize the real estate market.
Real Estate - Thu, September 26, 2024 | 3:48 pm GMT+7
Vietnam may see gas shortage for power generation in 2025: S&P Global
Vietnam is likely to face a shortage of domestic natural gas for power generation in 2025, while LNG supply for LNG-fired power is not yet a suitable solution, according to S&P Global.
Energy - Thu, September 26, 2024 | 3:40 pm GMT+7
Key trends shaping the future of trade and implications for Vietnam
Surajit Rakshit, country head of global trade solutions at HSBC Vietnam, analyzes key trends that will shape the future of global trade and their implications for Vietnam.
Consulting - Thu, September 26, 2024 | 3:05 pm GMT+7
US utility AES eyes partnerships with PV Gas, EVN on clean energy supply
Virginia-based AES Corporation plans to work with Vietnamese utilities like PV Gas and Vietnam Electricity (EVN) to optimize clean energy supply for industrial projects in the country, a senior executive said Wednesday.
Energy - Thu, September 26, 2024 | 12:30 pm GMT+7
Rethinking resilience: How typhoon Yagi redefines supply chain strategies in northern Vietnam
Typhoon Yagi and its aftermath have provided valuable lessons in managing and mitigating the impacts of natural disasters on supply chains, particularly in a region as industrially significant as northern Vietnam, writes Julien Brun, managing partner of CEL, a leading consulting firm specializing in supply chain solutions.
Consulting - Thu, September 26, 2024 | 12:04 pm GMT+7
American firm SpaceX plans $1.5 bln investment in Vietnam
U.S.-based SpaceX, a provider of spacecraft, satellite launch services, and satellite communications, plans to invest up to $1.5 billion in Vietnam, facilitating the nation’s digital growth.
Infrastructure - Thu, September 26, 2024 | 10:17 am GMT+7
Vietnam a top partner in the region: President Biden
The U.S. considers Vietnam as a top partner in the region, President Joe Biden told Vietnam's Party chief and State President To Lam at a meeting in New York on September 25 (local time).
Politics - Thu, September 26, 2024 | 9:03 am GMT+7
Vietnam stock market charms foreign investors with non pre-funding solution: broker
The Vietnamese stock market is anticipated to welcome an influx of foreign capital once the non pre-funding solution (NPS) is effective from November 2, says leading broker VNDirect Securities.
Finance - Thu, September 26, 2024 | 8:07 am GMT+7
Thai restaurant industry grapples with crisis
The Thai restaurant industry is grappling with a severe crisis, and more than 600,000 establishments have shuttered their doors in the past three years.
Southeast Asia - Wed, September 25, 2024 | 10:36 pm GMT+7
Indonesia inaugurates two copper smelters
Indonesian President Joko Widodo recently inaugurated two big copper smelters which are expected to help the nation improve its global mining position.
Southeast Asia - Wed, September 25, 2024 | 10:35 pm GMT+7
Singapore’s population rises to historic high of 6.04 mln
As of June 2024, Singapore’s population reached 6.04 million, a 2% increase from last year, marking the first time the country’s population has exceeded six million.
Southeast Asia - Wed, September 25, 2024 | 10:30 pm GMT+7
Thai baht rises to strongest since March 2022
The Thai baht (THB) has gained to its strongest level in 30 months as China's stimulus boosted risk assets globally, adding pressure on the Bank of Thailand (BoT) to act to curb its rally.
Southeast Asia - Wed, September 25, 2024 | 10:26 pm GMT+7
