05 OCTOBER 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: We have a detailed look at ASEAN this week with a new complimentary magazine highlighting foreign investment opportunities in Thailand and an overview of Vietnam’s southern Ho Chi Minh megacity. In China we examine opportunities in the booming SaaS market, which has doubled in value to US$7 billion in the past 2 years, and look at the implications in China of the recent US and EU interest rate hikes. In India we explore opportunities in the North-West regions, and explain the new import-export regulations and procedures. We also explain the digital nomad visa regulations for the UAE, look at how the BRICS countries are looking to set up a new reserve currency and have our usual, global BRI roundup.

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ASEAN
Opportunities for Foreign Investors in Thailand – Latest Issue of ASEAN Briefing Magazine
The latest issue of ASEAN Briefing Magazine, “Opportunities for Foreign Investors in Thailand”, is out now and available to subscribers as a complimentary download in the Asia Briefing Publication Store. Thailand, with its population of around 66 million (of which 30 percent are between the ages of five and 24 years) is the second largest economy in ASEAN. Its strategic location in the center of ASEAN means it has access to the bloc’s 600 million consumers within a 3,000km radius, bringing vast opportunities for cross-border trade and investments.
 
Investing in Ho Chi Minh City: Why the Megacity’s Industry, Economy and Policy Are Key to Development
Ho Chi Minh City is a key economic hub located in the heart of the Southern region of Vietnam. With a strategic position and an abundant workforce, Ho Chi Minh City, formerly Saigon, is one of the two only ASEAN cities to make it to the top 10 most dynamic cities globally. We provide an overview of Ho Chi Minh City and the major industries of this metropolis.
 
CHINA
China’s SaaS Market is Booming: Why Foreign Investors Should Pay Attention
China’s software as a service (SaaS) market is one of the fastest-growing industries in the country. The market has almost doubled in just over two years from 2018 to 2020, to an output value of RMB 49.82 billion (US$7 billion). We examine key growth drivers and challenges faced by market players, and discuss prospects for foreign investment.
 
Interest Rate Hikes in the US and Eurozone, RMB Depreciation, and the Implications
2022 has brought economic challenges to many countries. In September, monetary policy changes in the US and eurozone made global headlines. In response, China’s currency, renminbi (RMB), also broke the 7:1 exchange rate for the first time since 2020. In this article, we discuss the performance of major economies – US, the Eurozone, and China, assess their macroeconomic policies, and implications for investors.
 
INDIA
Export-Import in India 2022: Trends and Key Procedures
This article highlights India’s current trade trends as well as long-term projections that peg India’s export valuation at US$1 trillion by 2030. While discussing recent trade agreements and the opportunities to boost trade, we provide a detailed explainer of export-import procedures in India and the process of setting up a trading company.
 
India’s Northeast Region: Scope for Investment in Fast-Developing States
India’s Northeast Region (NER) is among the poorer and less developed parts of the nation but provides investors with a strategic landscape and various greenfield opportunities. A key appeal of the states in this region is the abundance of raw materials, cheaper labor costs, and access to Southeast Asian markets. In this article, we take a closer look at investment opportunities in the NER and how the region is transitioning from a primarily agrarian economy.
 
MIDDLE EAST
Applying For A 2022 / 2023 Virtual Work Visa In The UAE
New regulations have come into effect from October 1 that permit foreign holders of a UAE virtual work visa to work remotely – giving the option to live and work out of the UAE. The virtual work visa comes hand in hand with a one-year residency permit, useful for individuals looking to try a new career in the Emirates and for those who often fly between different locations but still need a base. These will be of special use to Digital Nomads.
 
BRICS / BELT & ROAD INITIATIVE
BRICS Working To Develop A New Reserve Currency
The BRICS countries are working on establishing a new reserve currency to better serve their economic interests. The new currency will be based on a basket of the currencies of the five-nation bloc: the Chinese RMB Yuan, the Russian Ruble, the Indian Rupee, the Brazilian Real and the South African Rand. The Euro has depreciated against all the BRICS currencies this year.
 
Belt And Road Weekly Investor Intelligence #101
The most significant news this week is the final completion of the 4-lane INSTC highway, which links Iran’s Caspian Sea and Persian Gulf Ports. Iran is also planning a Free Trade Zone at Kish Island, near to Dubai. China is continuing its strong connectivity with the Middle East and Central Asia, while a BRI spin off is tourism development in the Kyrgyz mountains. Both China and Russia have commenced a large satellite co-ordination and surveillance project involving three cities in each country. Russia also continues its trade development in Central Asia. Other Central Asian-Middle East connections are developing while Russia displays surprising EU trade figures.
 
 
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UPCOMING EVENTS IN THIS MONTH
 
Vietnam’s Green Economy – Opportunities for Sustainable Investment
Webinar | October 6, 2022 | 4:00 PM Vietnam / 5:00 PM China / 11:00 AM CET
 
[Bilingual] How to Achieve ESG Compliance in China Under the Dual-Carbon Strategy?
Webinar | Tuesday, October 18, 2022 | 3:30 PM China / 2:30 PM Vietnam / 9:30 AM CET
 
Diversify Your Business to Indonesia – The Ins and Outs of Set Up
Webinar | Thursday, October 20, 2022 | 10:00 AM PST / 1:00 PM EST
 
 
 
 
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