| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | Vietnam's Decree 163 provides clear guidance on emerging services like data centers, cloud computing, and OTT telecom services, effective January 1, 2025. Its provisions strengthen the implementation of the 2024 Telecommunications Law, which came into effect July 1 last year. | | | | | The services, industrial, construction, and agriculture sectors were key contributors to Vietnam’s GDP in 2024, which crossed VND11.51 quadrillion (approx. US$476.3 billion), with per capita GDP rising to US$4,700, an increase of US$377 from 2023. | | | | | With ambitious adjustments to its 2045-2065 Master Plan alongside the Capital Region Transport Master Plan 2030–2050, Hanoi aims to be a leading urban hub in Southeast Asia and beyond. The city’s authorities plan to balance infrastructure modernization with sustainability, establishing the Hanoi metropolis as a model for global connectivity and green development. | | | | | Vietnam’s New Trade Union Law will come into force on July 1, 2025, after being enacted in November last year. The new law is expected to improve protection for the rights of foreign workers in Vietnam and allows them to join trade unions. | | | | | In December 2024, Vietnam’s National Assembly Standing Committee extended the environmental protection tax cut on petrol, oil, and lubricants until December 31, 2025, to support the economic recovery post-COVID-19. The tax reduction, originally set to end on January 1, 2025, was extended through Resolution 60/2024/UBTVQH15. |
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COMPLIMENTARY BUSINESS RESOURCES: |  | | | Compiled by the experts at Dezan Shira & Associates, the "Doing Business in India 2025" guide introduces the fundamentals of investing in India, covering key topics such as India’s investment climate, corporate establishment, tax, transfer pricing, audit, and accounting, human resources and payroll, trade policy, and data protection measures. | | | | | This publication is designed to introduce the fundamentals of investing in all ten ASEAN countries and includes a guide to corporate establishment, tax advisory, and bookkeeping, in addition to HR and payroll, double tax agreements, and audit and compliance. | | | | | | | Doing Business in China 2025 introduces the fundamentals of investing in China. Compiled by Dezan Shira & Associates in December 2024, this guide helps foreign investors navigate changes in China’s business landscape, mitigate risks, and seize new market opportunities. |
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UPCOMING EVENTS FOR ASIA: | | | Webinar | Tuesday, January 14, 2025, 4:00 PM Vietnam, 5:00 PM China, 10:00 AM CET | | | | | Webinar | Tuesday, January 14, 2025 | 2:00 PM Dubai / 5:00 PM Vietnam / 11:00 AM CET | | | | | Webinar | Wednesday, January 15, 2025 | 2:30 PM India / 4:00 PM Vietnam / 5:00 PM China |
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