Asian companies look to expand international business
Southeast Asia and China are emerging as the two leading destinations for overseas expansion as 83% of businesses in Asia are keen to expand their operation abroad, according to a report of the United Overseas Bank (UOB).
Bangkok (VNA) - Southeast Asia and China are emerging as the twoleading destinations for overseas expansion as 83% of businesses in Asia arekeen to expand their operation abroad, according to a report of the UnitedOverseas Bank (UOB).
The latest Business Outlook report released by the UOB,which surveyed more than 4,000 small- and medium-sized enterprises (SMEs) in theregion as well as large enterprises within Asia, found that more than four outof every five businesses are planning to expand their operation overseas in the next threeyears.
Companies in Indonesia, China, Thailand, andVietnam are looking to grow their revenue and profits internationally, thereport said.
According to Eric Lian, head of group commercial banking at the UOB, companiesin Southeast Asia said they demand more tax incentives and sustainablefinancing options.
Nearly 30% of the respondents are trying todiversify their supply chain, investing in building stronger relationships withtheir suppliers and utilising data analytics for decision-making purposes.
The report indicated that around 90% of businessesconsider sustainability important. However, only 45% have implementedsustainability practices.
Over 50% of SMEs in Thailand and Vietnam have adopted sustainable practices,while only 38% of Singaporean SMEs have done so, it said./.
The United Overseas Bank Limited (UOB) has received preliminary approval from the State Bank of Vietnam to establish a foreign-owned subsidiary bank in the country.
Up to 38 percent of Malaysian firms chose Vietnam as their favoured Asian destination for business expansion in the next 3-5 years, according to the 2016 Asian Enterprise Survey.
Sixteen Malaysian small- and medium-sized enterprises (SMEs) have been selected to participate in Singapore-based The FinLab’s JOM Transform Programme, subsidised by United Overseas Bank Malaysia (UOB Malaysia).
Citigroup announced on January 14 that it will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam to Singapore's United Overseas Bank (UOB), CNBC reported.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
Illustrative image (Photo: Bangkok Post) 
