UK supports ASEAN’s economic integration
The UK delegation to ASEAN held a seminar in Jakarta, Indonesia on Wednesday to discuss the ASEAN-UK economic integration programme.
Speaking at the event, UK Ambassador to ASEAN Sarah Tiffin said the UK has contributed over 19 million GBP (23.62 million USD) to support long-term improvement in business environment in seven ASEAN member countries. The programme is part of a series of initiatives aimed at promoting new dialogue partnership relations between the two sides.
She said this year marks the strengthening of the implementation of the UK's dialogue partnership, with a special focus on the establishment of the 25 million GBP ASEAN-UK economic integration programme.
It will be carried out over the next four years in all 10 ASEAN member states and Timor Leste, and aimed at poverty reduction in the region, particularly supporting economic empowerment for women and small businesses.
Delegates at the event discussed various issues, including the impact of the digital economy, trade barriers, access to financial resources, and empowering women to engage more in the economy
- Read More
Sun Group unit okayed to be investor of $236 mln urban area project in Vietnam's Van Phong Economic Zone
The Co Ma high-end urban area in the Van Phong Economic Zone, located in Khanh Hoa province, now has an investor - Song Han Sun Company Limited, a subsidiary of Vietnam's leading real estate developer Sun Group.
Real Estate - Wed, December 25, 2024 | 9:48 pm GMT+7
Foreign investment into Thailand up 118% in 11 months
A total of 884 foreign companies were approved to invest in Thailand in the first 11 months of 2024 under the Foreign Business Act of 1999, with total investment of over THB213.96 billion ($6.26 billion).
Southeast Asia - Wed, December 25, 2024 | 9:20 pm GMT+7
Joint venture established to operate Hai Phong container terminals
Hai Phong Port JSC (PHP) has established TIL Hai Phong International Port LLC to operate international container terminals 3 and 4 under the Hai Phong Gateway International Port project in Lach Huyen, the northern city of Hai Phong.
Infrastructure - Wed, December 25, 2024 | 9:10 pm GMT+7
China’s Luxshare-ICT to invest $209 mln more in central Vietnam
China’s Luxshare-ICT, a supplier of Apple, will invest an additional $208.5 million in Vietnam’s central province of Nghe An, according to a recent project report.
Industries - Wed, December 25, 2024 | 5:27 pm GMT+7
Vietnamese companies fully tap livestreaming to boost sales
Vietnamese businesses are increasingly mastering social media platforms like TikTok to boost revenue and drive sales growth, especially as e-commerce continues to trend upwards.
Companies - Wed, December 25, 2024 | 5:07 pm GMT+7
Some Vietnamese banks post big profits for 2024
Some Vietnamese banks have reported a profit growth of up to 16-60% year-on-year for 2024.
Banking - Wed, December 25, 2024 | 4:53 pm GMT+7
Vietnam gov't investment arm SCIC expects $438 mln pre-tax profit for 2024, a record high
The State Capital Investment Corporation (SCIC), Vietnam’s government investment arm, is set to achieve a record profit in 2024, driven by strong dividend income from its diverse investment portfolio.
Companies - Wed, December 25, 2024 | 3:49 pm GMT+7
Hue, Hanoi among 50 best food cities by TasteAtlas
Hue and Hanoi are two Vietnamese destinations making it into the list of the 50 must-visit food cities in the world in 2024-2025 by food magazine TasteAtlas.
Travel - Wed, December 25, 2024 | 2:02 pm GMT+7
China’s Goertek to double UAV production in Vietnam to 60,000 units
Chinese electronics giant Goertek will double its unmanned aerial vehicle (UAV) production in Vietnam to 60,000 units a year, according to a recent project report.
Industries - Wed, December 25, 2024 | 1:33 pm GMT+7
Thailand WHA to build $55 mln industrial park in central Vietnam from Q4/2025
Thailand’s top industrial park (IP) developer WHA will commence the construction of its $55 million IP in Vietnam’s central province of Thanh Hoa from the fourth quarter of next year.
Industrial real estate - Wed, December 25, 2024 | 11:21 am GMT+7
VND/USD exchange rate surges again
The VND/USD exchange rate has risen sharply since the end of last week, now reaching VND25,900 in the free market, an increase of 4.5% from the beginning of 2024.
Finance - Wed, December 25, 2024 | 9:35 am GMT+7
Vietnam seen as favourite New Year destination for int’l travellers: Agoda
With inbound accommodation searches up 30% compared to last year, Vietnam is set to sparkle as a favourite for international revelers looking to welcome New Year 2025, according to Agoda.
Travel - Wed, December 25, 2024 | 9:27 am GMT+7
Navigating risks from AI adoption
Developing trustworthy AI solutions is essential for senior leaders to successfully navigate the risks of rapid AI adoption and fully embrace and integrate this transformative technology. write Deloitte analysts.
Consulting - Wed, December 25, 2024 | 8:20 am GMT+7
Vietnam telecom giant VNPT posts over $239 mln pre-tax profit in 2024
State-owned Vietnam Posts and Telecommunications Group (VNPT) reported a consolidated pre-tax profit of VND6.09 trillion ($239.3 million) in 2024, according to its newly released business report.
Companies - Tue, December 24, 2024 | 10:01 pm GMT+7
Vietnam's PVI Insurance achieves historic VND20 trillion revenue milestone in 2024
PVI Insurance has made history as the first and only non-life insurance company in Vietnam to exceed VND20 trillion (roughly $786.2 million) in revenue in 2024.
Southeast Asia - Tue, December 24, 2024 | 9:18 pm GMT+7
Malaysian fund sues Amicorp for allegedly facilitating $7 bln fraud
Malaysian state fund 1Malaysia Development Berhad (1MDB) has filed a legal claim against corporate services provider Amicorp Group and its CEO Toine Knipping, alleging it facilitated over $7 billion in fraudulent transactions, the fund said on Monday.
Southeast Asia - Tue, December 24, 2024 | 9:11 pm GMT+7