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13 JULY 2022	View 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: There are two important China issues affecting foreign investment this week with opportunities in Green industries and Cross-border cyber-security compliance, while in India we take a look at the protocols to repatriate your profits. We have a unique complimentary magazine download, comparing UK and Chinese investment throughout ASEAN, in addition to commentary concerning Philippines employment permits and an introduction to Hai Phong in Vietnam. An opinion piece covers Chinese and Russian thinking concerning the developing multipolar world, while we finish with our regular Belt and Road Initiative round up.

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CHINA

China’s Green Industries: What Are the Opportunities For Foreign Investors?

Foreign investors may have been hesitant to enter China’s green industries in the past due to sops enjoyed by domestic companies, preferential government procurement practices, and inconsistent levels of transparency. Yet, this is changing as top policymakers are opening associated sectors to foreign participants while also rolling back advantages enjoyed by local firms and improving access to financing.

Cross-Border Data Transfer – New Measures Clarify Security Review Requirements

China has released measures detailing requirements for security reviews for cross-border data transfer. Foreign companies and large multinationals have been eagerly awaiting such measures ever since China issued legislation requiring companies that want to export certain types of data to undergo a security assessment by the cybersecurity authorities.

UK & CHINA

Britain And China’s Competition For Asian Trade & Investment - New Complimentary Issue Of Asia Investment Research Out Now

This issue of AIR contains unique data into the trade and investment statistics and policies that the UK and China have chosen to adopt when it comes to their respective Asia policies. Featuring the latest updates and UK-China comparisons on their trade and investment strategy with all ASEAN nations, we explore the differences in thinking that drive their respective trade and investment into the region. These differences are substantial and provide many useful insights for UK investors into Asia, as well as for China and ASEAN based companies.

INDIA

Repatriating Your Profits from India: Commonly Asked Questions

Managing profits and repatriating funds can often be daunting for foreign companies operating in India as it involves various inter-connected local and international laws and regulations – such as The Companies Act, The Foreign Exchange Management Act, relevant income tax regulations, Double Tax Avoidance Agreements, as well as transfer pricing rules. Prior to investing in India, companies must know how to repatriate their profits from the country. There are various schemes and regulations that limit how much money can be remitted from India and for what purpose.

ASEAN

The Guide to Employment Permits for Foreign Workers in the Philippines

Foreign nationals planning to work in the Philippines are required to secure a work visa, which can be obtained from the Philippines’ Bureau of Immigration (BI), as well as an Alien Employment Permit (AEP) issued by DOLE. For expatriate workers and their employers in the Philippines, it is essential they understand the process of obtaining a work visa and employment permit to legally work in the country. We explain the procedures.

Vietnam’s Hai Phong: An Industrial Gateway and Port City

Located about 120 kilometers east of the capital Hanoi, Hai Phong is not only the biggest coastal city in the northern region of Vietnam but also one of the major economic centers of the nation. It is among five municipalities of Vietnam, along with Hanoi, Ho Chi Minh City, Can Tho, and Da Nang. With an area of 1,527 square kilometers and a total population of 2.07 million people as of 2021, it is the seventh-most populated city in the country. With an upgraded infrastructure system, a favorable geographical location in addition to the immense support from the government, Hai Phong carries significant potential for foreign investment opportunities.

MULTIPOLAR GLOBALISATION

Unipolar vs Multipolar. G7 vs BRI. US vs China. EU vs Russia. China & Taiwan. Russia & Ukraine. What Is Going On?

Global geopolitics 2022 has become all about conflict. But there are multipolar paths ahead if one understands Chinese strategic thinking. The simplistic, Marxist concept of socialism overthrowing capitalism has now long gone. China has synthesized the process and is continuing to test and change it. Socialism and Capitalism under the banner of sharing, among a multipolar global community are emerging in a new form.

BELT & ROAD INITIATIVE

Belt and Road Weekly Investor Intelligence #89

All the latest investment news and supply chain movements from across China’s BRI with continuing criticism about the G7’s planned US$600 billion infrastructure spend.

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UPCOMING EVENTS IN THIS MONTH

Cina 2022: Lo stato dell'arte dell'economia e i rapporti commerciali con la regione Marche

Hybrid | Via lauri, viale indipendenza 99, Macerata | 5:00 - 7:00 PM CEST

Vietnam's Key Investment Industries and Destinations 2022 - Part 3: Vietnam's Manufacturing Industry - Hot Spot Dong Nai

Webinar | Thursday, July 14, 2022 | 3:00 PM Vietnam / 4:00 PM China / 10:00 AM CET

China Cyber and Data Security Compliance – What Your Business Needs to Do

Webinar | Wednesday, July 20, 2022 | 9:00 AM PDT / 12:00 PM EDT

Talent Acquisition in a Post Covid World

Webinar | July 28, 2022 | 2:30 PM India Time / 4:00 PM Vietnam Time / 5:00 PM China Time

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