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Vietnam’s Beer Production Falls by 4%

Vietnam’s Beer Production Falls by 4%

by Teuvo Tuomi | Sep 16, 2024 | Vietnam, Business, Economy, Food & Drinks, Lifestyle, News, Society

Vietnam’s beer production fell by 4% year-on-year in the first eight months of 2024 as breweries struggled with declining profits. Nguyen Van Viet, chairman of the Vietnam Beer – Alcohol – Beverage Association, says the industry is suffering from...
Thailand’s Software Sector Sees Solid Growth

Thailand’s Software Sector Sees Solid Growth

by Teuvo Tuomi | Sep 16, 2024 | News, Business, Digitalization, Economy, Technology, Thailand

Thailand’s software sector outperformed other digital sectors last year with a growth of 12.8%, earning 215 billion baht. Main reasons were investment in advanced technology such as artificial intelligence (AI), data analytics, cloud computing, and...
Investment Boom Continues in Cambodia

Investment Boom Continues in Cambodia

by Teuvo Tuomi | Sep 11, 2024 | Cambodia, Business, Economy, Investment, News

According to the Council for the Development of Cambodia (CDC), the government approved 46 new projects and 7 production expansion projects in August, with a total investment of more than $1.2 billion, creating around 33,000 jobs. These projects aim to enhance...
Singapore’s EV Adaptation Fastest in SEA

Singapore’s EV Adaptation Fastest in SEA

by Teuvo Tuomi | Sep 9, 2024 | Singapore, Business, News, Sustainability, Technology

Singapore is forecast to have the largest share of passenger electric vehicles (EVs), 80% of all vehicles, in Southeast Asia by 2040, according to BloombergNEF. Meanwhile, the regional average is expected to be only 24%. Thailand, in second place, is forecast to have...
Laos and Vietnam Launch Cross-Border Micropayments

Laos and Vietnam Launch Cross-Border Micropayments

by Teuvo Tuomi | Sep 3, 2024 | Laos, Business, Innovation, News, Trade, Vietnam

Laos and Vietnam are set to Launch a new payment system enabling direct trade transactions in kip and dong currencies. Starting in September, the cross-border micropayment system will allow Vietnamese consumers to pay in Laos using QR codes. The Vietnam-Laos...
Thai Government Committed to Land Bridge

Thai Government Committed to Land Bridge

by Teuvo Tuomi | Sep 2, 2024 | Asia, Business, News, Thailand, Transportation

The Pheu Thai-led government is committed to the land bridge project with the aim of maximizing benefits for the people and the country and promoting sustainable economic growth, Deputy Prime Minister and Minister of Transport Suriya Juangroongruangkit says. The...
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