On June 19, Vice Secretary of the Da Nang Party Committee and Chairman of the municipal People’s Committee Nguyen Manh Hung hosted Danish Ambassador to Vietnam Nicolai Prytz for a bilateral meeting. Both sides are striving to forge a deeper partnership, particularly in sustainable development and green investment.
Category: Business
Philippines’ Clark airport secures US$400 million German investment
The Philippine-German joint venture Lufthansa Technik will invest 400 million US dollar to develop a major aircraft maintenance, repair and overhaul (MRO) facility at the Philippines’ Clark International Airport.
London to adopt “Singapore-style” housing model
London’s Mayor Sadiq Khan concluded his Singapore visit on June 16, having attended the World Cities Summit and secured investment planning for house-building.
Southeast Asia Energy Security Series: #2 The Philippines
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Malaysia’s Petronas secures 20-year deal to supply LNG to Japan
On June 10, Malaysia’s state-owned energy giant Petroliam Nasional (Petronas) signed a 20-year pact to supply 2 million metric tons of liquefied natural gas (LNG) annually starting 2028 to Japan’s largest power generator, JERA. The agreement was enacted during Malaysian Prime Minister Anwar Ibrahim’s working visit to Japan.
Swedish investors signal deepening commitment to Vietnam, with 50% planning expansion
Business Sweden, in collaboration with the Embassy of Sweden in Vietnam, released the 2026 Business Climate Survey on June 11. The report shows a positive business climate in Vietnam, with Swedish companies remaining engaged and optimistic regarding future investment opportunities. The publication brought to the fore growing key sectors, namely healthcare services, infrastructure as well as both green and digital transformation.
Indonesia expands barter trade to curb US dollar reliance
Speaking on June 9 after an exclusive coordination meeting on food commodity price developments, Trade Minister Budi Santoso informed reporters that the government is preparing a new barter mechanism that is expected to help ease the demand for greenbacks and preserve foreign exchange reserves, as trade will not be conducted using American currency.
How the Thai-Cambodian Conflict Redefines Business Risk in Mainland Southeast Asia
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ASEAN-South Korea to upgrade FTA with focus on digital trade and critical minerals
On June 8, ASEAN and South Korea officially launched full-scale negotiations to upgrade their 20-year-old free trade agreement (FTA).
PLX Asia launched as first integrated business hub in Southeast Asia
On May 29, PLX Asia was established as Southeast Asia’s first integrated business-to-business (B2B) platform. This centralised hub is tailored specifically for private label and contract manufacturing at a time when the region is experiencing a massive yet fragmented boom across the food and beverage (F&B), health and beauty as well as household care sectors.