Indonesia copes with global instability, US tariff policy
Indonesian President Prabowo Subianto has formulated mitigation strategies in response to the import tariffs imposed by U.S. President Donald Trump on Indonesia, according to the Presidential Communication Office (PCO).
Indonesian President Prabowo Subianto. Photo courtesy of prabowosubianto.com.
Noudhy Valdryno, Deputy for Dissemination and Media Information at the PCO, said that President Prabowo has already anticipated potential global policy disruptions and prepared three key breakthrough measures to address them.
The three breakthroughs are expanding Indonesia's trading partners, accelerating the downstreaming of natural resources, and strengthening domestic consumption resilience.
Noudhy stressed that in facing global challenges, including the U.S.’s new tariff policy, the President shows sharpness in observing geopolitical dynamics. A deep understanding of international relations and global trade becomes the main strength in maintaining Indonesia's economic stability.
On April 2, Trump officially raised import tariffs by at least 10% on various countries. Indonesia ranks eighth in the list of countries affected by the tariff increase, with a rate of 32%.
- Read More
Vietnam’s leading construction material maker Viglacera triples Q2 profit on industrial park leasing gains
Viglacera, Vietnam's leading construction material producer and industrial real estate developer, reported a 216% surge year-on-year in consolidated net profit in Q2/2025 to VND540 billion ($20.65 million).
Companies - Sun, July 27, 2025 | 10:51 pm GMT+7
Hanoi to begin construction of two major urban railway lines in late 2025
Hanoi will break ground for two key urban railway projects in Q4/2025, as part of the city's long-term strategy to expand public transport system, thus easing traffic congestion.
Companies - Sun, July 27, 2025 | 1:52 pm GMT+7
Chan May-Lang Co set to become economic, eco-tourism hub in Hue city's southern region
After more than 15 years of development, the Chan May-Lang Co Economic Zone is undergoing a comprehensive master plan revision to unlock the potential of the southern coastal region of Hue city and meet new development demands.
Companies - Sun, July 27, 2025 | 1:47 pm GMT+7
Northern Vietnam province plans 720-ha int’l airport to tap tourism boom
Ninh Binh province, home to the UNESCO-recognized Trang An Landscape Complex, looks to develop a 720-hectare international airport with an annual capacity of 10 million passenger arrivals in order to capitalize on booming tourism.
Infrastructure - Sun, July 27, 2025 | 10:42 am GMT+7
Vietnam’s largest gasoline distributors to pilot E10 biofuel sale from August 1
Petrovietnam Oil Corporation (PVOIL) and the Vietnam National Petroleum Group (Petrolimex) - the two largest petroleum distributors in Vietnam - will pilot the sale of E10 biofuel starting from August 1.
Companies - Sun, July 27, 2025 | 9:28 am GMT+7
Vietnam-based top brewer Sabeco posts 13% drop in H1 net profit due to higher costs, fierce competion
Ho Chi Minh City-headquartered Sabeco, controlled by Thai Beverage, reported VND2.05 trillion ($78.41 million) in net profit in the first half of this year, down 12.5% year-on-year, according to its earnings statement.
Companies - Sun, July 27, 2025 | 8:00 am GMT+7
Vietnamese lender MBBank launches versatile corporate card for smart financial management
MBBank has introduced MB Hi BIZ, a multi-functional corporate card that integrates both debit and credit features, designed to enhance spending control and provide businesses with flexible access to capital.
Banking - Sat, July 26, 2025 | 2:30 pm GMT+7
Tradition, innovation keys to elevating Vietnamese cuisine globally: exec
Vietnam boasts a wide array of beloved food products, but more innovative and eye-catching packaging is needed to boost global appeal, said Nguyen Trung Dung, founder and CEO of Dh Foods JSC, a Vietnamese spice company.
Companies - Sat, July 26, 2025 | 2:19 pm GMT+7
Vingroup, FPT back central Vietnam province’s green growth, innovation drive
Conglomerate Vingroup and tech giant FPT Corporation have pledged to support Khanh Hoa in its green growth and innovation push, outlining key priorities for the south-central province to drive future breakthroughs.
Industries - Sat, July 26, 2025 | 10:04 am GMT+7
Non-interest income drives Vietnamese lender ACB’s Q2 profit growth
Vietnam’s Asia Commercial Bank (ACB) reported a pre-tax profit of VND6.1 trillion ($233.3 million) in the second quarter of this year, up nearly 9% year-over-year.
Banking - Sat, July 26, 2025 | 9:05 am GMT+7
Northern Vietnam province determined to break ground on LNG-fueled power project in Sept
A $2.56 billion LNG-fueled power project in the northern province of Hung Yen is set to break ground in September, local authorities reaffirmed.
Energy - Fri, July 25, 2025 | 10:19 pm GMT+7
State-owned giant Petrovietnam seeks to develop eco-energy, industrial center
Petrovietnam is studying a large-scale eco-energy and industrial center project in the country which will be a vital driving force of the group's future development and "a matter of survival", said chairman Le Manh Hung.
Energy - Fri, July 25, 2025 | 3:23 pm GMT+7
Standard Chartered puts Vietnam's 2025 growth forecast at 6.1%, country aims for 'at least 8%'
Standard Chartered has revised its 2025 GDP growth projection for Vietnam to 6.1%, down from 6.7% early this year.
Economy - Fri, July 25, 2025 | 2:51 pm GMT+7
Malaysia strives to transform Kuala Lumpur into flagship AI-driven smart city
Malaysia identifies AI as a key strategic driver to turn Kuala Lumpur into its leading smart city towards a livable, sustainable urban model and enhancing its competitiveness in ASEAN, according to Malaysian Digital Minister Gobind Singh Deo.
Southeast Asia - Fri, July 25, 2025 | 1:50 pm GMT+7
Bridgestone holds 25% of Vietnam’s passenger tire market: exec
Vietnamese consumers purchase approximately 3 million passenger tires annually, with Bridgestone holding a 25% share of the market, said Nguyen Ngoc Dung, senior national sales manager for the passenger tire group at Bridgestone Vietnam.
Companies - Fri, July 25, 2025 | 1:43 pm GMT+7
Vietnam securities firms see diverging profits in Q2
The top 10 securities companies on the Ho Chi Minh Stock Exchange (HoSE) experienced mixed earnings in Q2 amid the strong rebound of the benchmark VN-Index.
Finance - Fri, July 25, 2025 | 12:55 pm GMT+7
