TOP STORIES THIS WEEK:

Vietnam’s Digital Infrastructure Strategy: Opportunities for Foreign Investors

Vietnam’s Digital Infrastructure Strategy, approved in October 2024, targets four key areas to enhance digital connectivity for citizens and industries. It outlines priority investments, offering clear guidance for businesses keen on participating in Vietnam’s growing digital economy.

Vietnam’s On-Spot Export and Import Regime

On-spot or on-the-spot (OTS) export and import procedures help businesses streamline manufacturing and reduce cargo delivery times, ultimately lowering costs. In this model, export and import processes occur within the same country.

Hung Yen Rises as a Prime Destination for Foreign Investment in Vietnam in 2024

Between January and September 2024, Hung Yen attracted a record US$1.7 billion in new and adjusted capital. Thăng Long II Industrial Park, developed by Japan’s Sumitomo Corporation, exemplifies the region's FDI success, securing nearly 110 projects with registered capital exceeding US$3.5 billion by August 2024.

Vietnam’s Draft CIT Law: Changes to Incentives and Tax Liability

Investors and businesses planning market entry or expansion in Vietnam should closely monitor the draft CIT law’s development and prepare for potential impacts on their strategies in the country, including M&A activities.

Vietnam Manufacturing Tracker: 2024-25

Vietnam’s economy recovered well in Q3 2024, reflecting global optimism as the year draws to a close. The country’s GDP growth for the first nine months reached 6.82 percent, a significant increase from 4.4 percent in the same period last year. The industrial and service sectors were the primary drivers of this growth.

COMPLIMENTARY BUSINESS RESOURCES:

A Guide to Hiring in Indonesia

This issue of ASEAN Briefing offers an overview of Indonesia's labor market, covering local employment laws, key trends, and emerging sectors, providing insights into workforce dynamics and opportunities in the country.

India's service sector drives growth and attracts FDI with its market potential, skilled labor, and policies. This issue explores performance, key FDI segments, and strategies for foreign firms. 

Vietnam’s Import-Export Regime: Managing Customs and Accessing Tax Benefits

As Vietnam boosts its global trade role, this Vietnam Briefing edition covers key import-export regulations, customs procedures, on-spot export regimes, and VAT rules, along with insights on documentation, processing times, and VAT refunds.

UPCOMING EVENTS FOR ASIA:

Optimizing Your Payroll in Singapore, Indonesia, and Vietnam: A Strategic Guide for Multinational Companies

Webinar | Tuesday, November 5, 2024 | 3:00 PM ICT / 4:00 PM Singapore / 9:00 AM CET

Expanding into Vietnam’s E-Commerce Sector: Consumer Trends, Market Entry, and Taxation for Global Brands

Webinar | Tuesday, November 19, 2024 | 3:00 PM Vietnam / 4:00 PM Singapore / 9:00 AM CET

Making the Right Move: Compliance Considerations for Manufacturing SMEs in China

Hybrid | Friday, October 25, 2024 | 16:00-18:00 China time / 9:00-11:00 CET time