10 AUGUST 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: It’s very much about opportunities in Southeast Asia this week as we look at ASEAN with potential for investors in the Philippines, Malaysia and Vietnam and an overview of establishment procedures in Thailand. In China we look at the upsurge in UK trade and the rebound within the tourism industry, while in India we examine the domestic education market. Russia’s much-discussed Northern Sea Passage has a new agenda, while we round up with the latest on the Belt and Road Initiative projects.

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ASEAN
2023 Foreign Investment Opportunities in The Philippines
The Philippines has been a consistent recipient of Chinese investment for some time, and its geostrategic position – Hong Kong is just an hour’s flight away – has made it a hub for many red-chip Chinese investors. This, coupled with extensive infrastructure connectivity plans, better uniting the country, and the development of numerous free trade zones is seeing the Philippines take on a more dynamic role in the region than in the past. Savvy Chinese investors have also been able to score big with initial investments reaping significant rewards at subsequent IPO.
 
Malaysia Extends Income Tax Incentive Applications for the East Coast Economic Region
Malaysia has extended the timeline for applicants seeking income tax incentives for qualifying activities in the East Coast Economic Region to December 31, 2022. The ECER is one of three economic corridors in with the aim to accelerate economic growth in the country. The incentives include up to 100 percent income tax exemption for a wide range of qualifying activities from planting crops to the purchase of machinery for manufacturing to the construction or purchase of a factory or warehouse.
 
How to Establish a Private Limited Company in Thailand
Establishing a private limited company is the preferred structure for foreign investors looking to set up in Thailand. Foreign investors are generally limited to only 49 percent ownership of a private limited company, depending on the sector. For 100 percent ownership of a private limited company, foreign players will need to obtain a Foreign Business License, be eligible for promotion from the Board of Investment, or if American, register through the Treaty of Amity.
 
Vietnam’s Emerging Cosmetics Industry: Strong Potential for Market Growth
Vietnam’s cosmetics market is rather young, yet is one of the most dynamic in the region. As living standards in Vietnam grow, Vietnamese consumers are becoming more aware of personal care and beauty products besides satisfying basic needs. With a market value of up to US$ 2.3 billion in 2021, Vietnam Briefing analyses the current situation, opportunities, and challenges for businesses entering this industry.
 
CHINA
UK-China Trade Figures up by £4.9 Billion
Despite the political issues in the UK concerning China, an August 2022 report issued by the UK Department of Trade & Industry has shown that the total trade in goods and services (exports plus imports) between the UK and China was £93.4 billion in the four quarters to the end of Q1 2022, an increase of 5.5 percent or £4.9 billion from the four quarters to the end of Q1 2021. This is despite the UK economy actually shrinking. Current bilateral trade is just under £100 billion as preference for China trade outweighs political negativity.
 
Tourism in China: 2022 Trends and Investment Opportunities
The COVID-19 pandemic continues to impact Chinese tourism, more so because of the country’s zero-Covid policy. New trends have emerged – which has seen a surge in domestic tourism and changing travel preferences among various demographic categories. In this article, we explore how China’s indigenous tourism market is diversifying, successfully catering to the lifestyles of Gen Z and young families, and touch on the prospects for the return of China outbound tourism. We also offer insights for foreign businesses interested in China’s tourism sector and its allied service industries like retail and sustainability.
 
INDIA
Investing In India’s Education Market: The New Growth Drivers
India is the second most populated country in the world, and has the world’s largest population in the age cohort 5-24 years at 580 million. This represents a huge market for the education sector – India has over 250 million school going students. According to industry analysis by IBEF, India’s education market could be worth US$225 billion by 2024-25.
 
RUSSIA
Russia Issues Northern Sea Route Development Plan To 2035
The Russian government has approved a new development plan for the Arctic Northern Sea Route (NSR) to be effective from now until 2035, at a cost of US$29 billion. The main goals of the plan are to ensure reliable and safe transportation of goods and goods for people living in the Russian Far North, as well as to create conditions for the implementation of investment projects in the Russian Arctic to Asian Consumers.
 
BELT & ROAD INITIATIVE
Belt and Road Weekly Investor Intelligence #93
There’s something for everyone this week as a plethora of trade and development news arrives impacting all of Eurasia and beyond as the BRICS grouping attracts interest from an increasing number of potential members and other supply chain developments kick in.
 
 
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UPCOMING EVENTS IN THIS MONTH
 
Vietnam’s Business Culture – How a Profound Understanding Will Benefit Your Business
Webinar | August 11, 2022 | 4:00 PM Vietnam / 5:00 PM China / 11:00 AM CET
 
M&A Transactions in Vietnam – Key Considerations, Legal Frame & Tax Overview
Webinar | Thursday, August 25, 2022 | 3:00 PM Vietnam / 4:00 PM China / 10:00 AM CET
 
Doing Business in Vietnam: A 10-Week Crash Course
Online | Meets Weekly on Wednesday's | 10-11:30 AM EDT
 
 
 
 
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