02 MARCH 2022View in Browser
 
 
 

This week's primary foreign investment news
from our ASEAN, China, India, Russia, Belt & Road and Vietnam Briefings.
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HEADLINES: Impact of Russia Sanctions on China / China SME Tax Relief / New 2022 China HR Guide / Singapore Budget: Business Support / Vietnam’s Free Trade Agreements / India’s Green Hydrogen Industry / Indian Semiconductor Incentives / Belt & Road Round Up

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CHINA
How Will the US and EU’s Banking and Financial Sanctions on Russia Impact China?
Our analysis of the extent of the US and EU sanctions imposed on Russia and their impact on Chinese businesses.
 
China 2022 Tax Relief Measures for Service Industry and Small Businesses
The service industry and small businesses in China will benefit from a series of new relief measures ranging from tax exemptions to monetary support from financial institutions. The beneficial policies target some of the industries hardest hit by the COVID-19 pandemic, including catering, retail, and travel. Small businesses are the bedrock of China’s economy and their long-term health and development will therefore be key to ensuring China’s future economic growth.
 
Human Resources and Payroll in China 2022 – New Publication from China Briefing
Human Resources and Payroll in China 2022 (9th Edition), the latest publication from China Briefing and Dezan Shira & Associates, is out now and available for download through the Asia Briefing Publication Store.
 
ASEAN
Incentives and Support for Businesses in Singapore’s Budget 2022
Singapore’s S$109 billion (US$80 billion) budget provides a variety of new tax measures, such as plans to increase the goods and services tax from 2023 and an increase in personal income tax for those earning more than S$500,000 (US$371,000) from 2024. The incentives offered to businesses include more than US$300 million in grants, loan schemes, and the expansion of reskilling programs for workers.
 
Vietnam’s Free Trade Agreements In 2022
Vietnam’s free trade agreements, along with the recent Regional Comprehensive Economic Partnership (RCEP) are expected to play a major role in helping Vietnam’s economic growth this year. As Vietnam further opens up its borders for international travel, the government wants to ensure that the country returns to its pre-pandemic growth. Vietnam’s FTAs and other bilateral agreements are likely to aid and play a significant role in the medium to long term.
 
INDIA
India’s Green Hydrogen Economy: What’s in it for Investors?
We examine why India is prioritizing investment growth in the green hydrogen economy, which is aligned with its net zero carbon emission commitments, ambitions for its electric mobility industry, and development of its renewables sector. In February this year, India unveiled its National Green Hydrogen Policy, 2022. Given the scale of the prospective market, India should be proactive in manufacturing electrolyzers to produce green hydrogen.
 
What is the Semicon India Program and How Does it Work?
India announced the Semicon India Program on December 15, 2021 and has been receiving proposals from companies for semiconductor and display manufacturing from January 1, 2022. Key objectives include setting up greenfield semiconductor fabs and display fabs, developing R&D and design capabilities, and being able to compete with other bases in Asia to reduce India’s import dependencies. In this article, we list the new incentives for semiconductor manufacturers and R&D firms as well as product design and product deployment linked incentives. These new incentives will be in addition to the support for supply chain segments benefiting from existing Production-Linked Incentive (PLI) Schemes and electronics manufacturing schemes.
 
BRI
Belt And Road Weekly Investor Intelligence #70
We look at the trade prospects for a post-invasion, Russian-influenced Ukraine, Russia’s axis towards Asia, the business impact of the SWIFT suspension for Russia, China’s clever use of third-party EU trade agreements, with a great deal of activity along the International North-South Transportation Corridor – shortly to become a major Suez Canal competitor.
 
 
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UPCOMING EVENTS IN THIS MONTH
 
Italian Brands Growing in China: The Lavazza Case Study
Online and Offline Workshop | March 3, 2022 | 18:00 China Time / 17:00 Vietnam Time / 11:00 CET
 
HOW TO BECOME A FRONT RUNNER IN E-MOBILITY? Mobilizing Dutch know-how for the future of Vietnam’s mobility
Webinar | March 10, 2022 | 3:00PM VN Time / 4:00PM China Time / 9:00 AM CET
 
Impact of GST on Overseas Transactions in India
Webinar | March 15, 2022 | 2:30 PM India Time / 4:00 PM Vietnam Time / 5:00 PM China Time
 
Key Points to Learn before Leasing Space for Your Business in China
Webinar | March 24, 2022, 4:00 PM China Time / 3:00 PM Vietnam / 9:00 AM CET
 
ANUFOOD China 2022
Trade Fair | April 20-22, 2022 | Shenzhen, China
 
E-Commerce Markt in China
Webinar | May 18, 2022 | 10-11:30 Uhr MEZ / 16-17:30 Uhr China
 
 
 
 
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