Japanese trading house Sumitomo Corp. has taken on five partners for its smart city project in Hanoi, taking advantage of their infrastructure, technology, and other know-how for development efforts kicking off in fiscal 2021, according to Nikkei Asia Review.
GLP, Asia's biggest warehouse operator, is planning to cooperate with Vietnam’s SEA Logistic Partners, or SLP, in a 1.5 billion USD new venture, reported Nikkei Asia Review.
Vietnam, the world's biggest producer of robusta, has become the top supplier of coffee beans for Japan as the consumption of instant coffee, which uses robusta, is soaring there amid the COVID-19 pandemic, according to the Nikkei Asia Review.
Hopes are growing that the EU-Vietnam Free Trade Agreement, which was approved by Vietnam’s National Assembly on June 8, will give a much-needed boost to Vietnam's economy, according to Japan’s Nikkei Asia Review.
To help deal with plastic waste, the Philippines plans to soon put into use a new 25 million peso (481,877 USD) garbage-disposal plant in Metro Manila, the Nikkei Asia Review reported on September 14.
Southeast Asian economies will likely face continued external headwinds in the remaining months of 2019 as the US-China trade tensions weigh on the region, according to Nikkei Asia Review of Japan.
Japanese-based Sumitomo Corporation has teamed up with logistics company Suzuyo and a Japanese public-private fund to take a 10 percent stake in Vietnam’s Gemadept SJC, which engages in the port operation and logistics business.
Major newspapers in Japan on March 1 highlighted Democratic People’s Republic of Korea (DPRK) leader Kim Jong-un’s official friendship visit to Vietnam.