Vietnamplus

Indonesian top drugmaker Kalbe Farma has announced the founding of a joint venture in the Philippines as the company plans to expand its operation across Southeast Asia.

About 36.1 percent of Japanese enterprises doing business in Malaysia intend to further expand their operations in the next one to two years, mainly in the food, precision medical equipment and transportation, according to an annual survey by the Japan External Trade Organization.

Thailand’s two major commercial banks - Kasikornbank and Siam Commercial Bank (SCB) - have received permission to expand operation in Myanmar.

Indonesian airport operator, Angkasa Pura II (AP2), is finalising its plan to expand operation overseas, according to AP2 President Director Muhammad Awaluddin.

The Japanese-based conglomerate Kyocera group considers Vietnam as one of its two most important production hubs in Asia and plans to expand its operation in the market, affirmed Yasunobu Sanda who oversees the company Japanese and Asian sections.

Prime Minister Nguyen Xuan Phucon June 14 suggested Samsung Vietnam expand its operation not only in electronics assembling but also in technological development.

Cinnamon Inc., a Japanese artificial intelligence (AI) start-up firm, which has a technology research centre in Vietnam, said on January 28 that it has successfully raised 15 million USD from investors to serve the expansion of its operation in the US.

More and more Italian firms are intending to move their investment to Vietnam, aiming to turn the country into a gateway for them to enter other Southeast Asian nations, said an expert from the Italian Chamber of Commerce in Vietnam (Icham).

Prime Minister Nguyen Xuan Phuc suggested Doosan Heavy Industries Vietnam Co., Ltd (Doosan Vina) further expand its production and provide more important equipment for key projects in Vietnam.

Prime Minister Nguyen XuanPhuc met with Yoon Jong-kyoo, President of the Republic of Korea (RoK)’s KB Kookmin Financial Group in Hanoi on February 11, affirming that Vietnam will continue maintaining macroeconomic stability and favourablebusiness environment for foreign investors, including the group.

Prime Minister Nguyen Xuan Phuc hosted a reception for President of the US Harbinger Capital Partners hedge fund sponsor.

The Harbinger Capital Partners LLC of the US plans to expand investment and cooperation in Vietnam.

President of the International Fund for Agricultural Development (IFAD) under the UN Kanayo F. Nwanzehas announced that his agency will enlarge its operation in Vietnam in the next three years.

The national flag carrier Vietnam Airlines conducted 365 flights between Vietnam and Indonesia in 2015, carrying more than 100,000 passengers and over 1,000 tonnes of cargos.