03 MARCH 2021View in Browser
 
 
 
 

Click here to go straight to the main news page

This week's primary foreign investment news
from our ASEAN, China, India, Russia, Belt & Road and Vietnam Briefings.

Forward to a friend

 
 
 
 
In this week's Asia Briefing Weekly we feature a complimentary magazine download explaining the opportunities within South China's huge Greater Bay Area, as well as China's Big Data Valley in Guizhou and an examination of West China's new encouraged industries list. In ASEAN, we look at Indonesia's 2021 encouraged industry list, look at opportunities for UK businesses as part of the recent UK-Singapore FTA, Vietnam's solar power industry and the strategic importance of Chu Lai Port for Indochina. Vietnam remains a subject focus as we look at its increasing trade and investment ties with India and look at the new FDI procedures issued by New Delhi. We also visit the Silk Road with an examination of the multiple layers of the African Belt & Road Initiative, the BRI Free Trade Agreements and Hong Kong's new role as a Belt & Road Arbitration Centre. Don't forget our complimentary 2021 subscription - if you think your colleagues should be receiving this then please forward this to them and let them know. Subscriptions are available here.

Have a great week!
 
 
 
 
CHINA
Investing in China’s Greater Bay Area - New Issue Of China Briefing Magazine
In this edition of China Briefing Magazine, we track the integration process of the Greater Bay Area and demonstrate the scope for foreign investment.
 
Guizhou: China’s Big Data Valley and its Sustainable Development
Guizhou is ranked among China’s top three provinces in terms of GDP growth and the local government has announced plans to increase the added value of its digital economy – so that it reaches 33% of the province’s total GDP by 2022. The driver behind this growth is big data.
 
Western China's New Encouraged Industry Catalogue
China has rolled out the latest Encouraged Catalogue for Western China, in a bid to lure investment into this vast region. Lower corporate income tax rate can be enjoyed by eligible companies. West China is acquiring strategic importance as China seeks to enhance the construction of the Belt and Road and cement its position in global supply chains.
 
ASEAN
Indonesia’s 2021 Positive Investment List
Indonesia has liberalized many business sectors for foreign investment. Dubbed the positive investment list, the regulation liberalizes over 245 business lines, including important sectors, such as transportation, energy, and telecommunications. Foreign investors are also eligible for various fiscal and non-fiscal incentives depending on their investments.
 
UK Exporters’ Use Of Singapore As ASEAN’s Supply Chain Gateway
Singapore’s role as a hub for UK companies, whether as exporters or investors accessing Southeast Asia’s and broader Asian dynamic economies, was elevated by the new UK-Singapore trade agreement (UKSTA) which came into effect on 1st January 2021.
 
Vietnam’s Chu Lai Port – A Key Transit Hub in Central Vietnam
Chu Lai port in Central Vietnam aims to become a major transit point as a shipping hub for trade and logistics. The second biggest after Ky Ha port in Quang Nam province, Chu Lai port is expected to be a major player in the development of the Central region.
 
Vietnam’s Solar Industry: Bright Prospects for Investors
Vietnam’s energy consumption will continue to grow as the economy recovers, although tight deadlines make it difficult for investors to benefit from revised feed-in-tariffs, but new investment mechanisms are being considered.
 
INDIA
India-Vietnam Increasing Trade & Investment Relations
Bilateral trade between India and Vietnam has been steadily rising over the past two decades with significant scope for trade in pharmaceuticals, oil and gas, and IT services. Vietnam has emerged as an alternative China plus one location for businesses including Indian investors for relocating their production hubs.
 
India’s Treatment of FDI Proposals Requiring Government Approval
India has a standard operating procedure for foreign direct investment proposals requiring mandatory government approval. We briefly explain the process
 
THE BELT & ROAD INITIATIVE
China’s Free Trade Agreements Along The Belt & Road Initiative
The elimination of tariffs and taxes is always a boom for exporters and is something that China has taken advantage of very effectively over the past two decades.
 
China's African Belt & Road Initiative - It's Not What You Think It Is
Many opinions about developments and infrastructure being put into China's Belt and Road Initiative are far too simplistic. Using Africa as an example, we explain how much more than infrastructure builds are being coordinated on a global scale.
 
Hong Kong Repositioned As A Belt & Road Arbitration Centre
In November last year, China’s Supreme People’s Court and the Hong Kong Government signed the ”Supplemental Arrangement Concerning the Mutual Enforcement of Arbitral Awards between the Mainland and Hong Kong SAR”. The agreement is widely expected to enhance the enforcement process and serve as an expansion of the 2000 Arrangement Concerning Mutual Enforcement of Arbitration between Hong Kong and China.
 
Not subscribed to Asia Weekly Briefing? Subscription is complimentary. Please click here
 
 
UPCOMING EVENTS IN THIS MONTH
 
 
Crash Course on Doing Business and Investing in China's Greater Bay Area in 2021: Session I
Webinar | March 4, 2021 | 3:30 PM China
 
Manufacturing in India 2021: New Champion Sectors and Incentive Schemes
Webinar | March 11, 2021 | 2:30 PM India Time
 
HR Trends in China Executive Recruitment, Income Tax, Labour Contracts, Benefits
Webinar | March 18, 2021 | 9 AM CET (Berlin time)
 
Recruiting in China in 2021: HR Planning and Talent Acquisition for SMEs (CN中文)
Seminar | April 1, 2021 | 3:00 PM - 4:30 PM | Nanjing, China
 
Master Global Management for China (GMC) 2021 – Tax, Accounting and Audit
April 19, 2021 | Ancona, Italy
 
 
 
 
 
 
For daily alerts, follow us on social
 
 
 
UnsubscribeAbout us
 
©1992-2021 Dezan Shira & Associates All Rights Reserved.