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Asia Briefing publishes articles, magazines, and guides on doing business in Asia.
It has been produced by Dezan Shira and Associates since 1999.
The latest issue of Vietnam Briefing Magazine, titled “Annual Audit & Compliance In Vietnam: Preparing For 2022" is out now and currently available to subscribers as a complimentary download. The first quarter is always a busy time for foreign investors in Vietnam. Compounding license renewals and issues of new regulations, preparation of annual reports present significant compliance tasks for enterprises of all sizes. Shifting regulations, changing interpretations of existing legislation, and convergence with international norms coalesce to form a compliance environment that could potentially trigger significant costs. We explain how to prepare for your audits and avoid mistakes.
Singapore’s Deputy Prime Minister Heng Swee Keat announced the launch of an S$18 million (US$13.1 million) Supply Chain 4.0 Initiative at the Industrial Transformation Asia-Pacific (ITAP) 2021 event. The initiative aims to integrate more technology to assist small and medium-sized enterprises (SMEs) with any future disruptions to supply chains. This means developing digital and automated solutions such as artificial intelligence (AI) that can meet the demands of businesses.
Vietnam remains a hotspot for foreign trade and investment. Companies operating in Vietnam can access and benefit from several incentives and recovery measures to ease the transition from the pandemic to business as usual. Foreign investors relying on the expertise of foreign workers can now access a more favorable legal framework aimed at easing the procedures required to issue and renew work permits.
China is getting serious about its crackdown on monopolies and has elevated the position of its market regulator’s antitrust investigative unit. In this article, we discuss the latest developments and creation of the new Anti-Monopoly Bureau.
Agriculture is an important economic sector in Vietnam. In 2020, agriculture, aquaculture, and forestry sectors contributed 14.9 percent to Vietnam’s GDP, which is lower than 41.6 percent of the service and 33.7 percent of the industry sector. Vietnam’s government has stated that it is important to develop a production value chain of high-added value farming products while promoting the link of cooperatives with businesses, as well as to encourage technology transfer and provide preferential loans to agricultural cooperatives.
India and the US have reached an agreement on the imposition of equalization levy or digital services tax till the implementation of OECD Pillar One or March 31, 2024 – whichever is earlier.
The 2021 Forum on China-Africa Cooperation (FOCAC) has concluded, with China continuing its commit to the African continent in both trade and the potential for additional infrastructure loans. With Chinese President Xi Jinping appearing by video, his speech to the forum included a number of new commitments, including increase of Chinese imports of African products, Chinese participation in African poverty reduction programmes, a green development programme, a capacity building programme and a digital innovation programme.
Russia is preparing for the second Russia-Africa summit, which is now scheduled for October-November 2022 in Addis Ababa, Ethiopia. A coordination council has been established under the aegis of the Secretariat of the Russia-Africa Partnership Forum (RAPF). The announcement comes just as the latest China Africa Cooperation Forum has just concluded in Senegal. Russia, like China, sees the same trade opportunities as AfCFTA make a difference.
Ursula von der Leyen, the President of the EU Commission, has today unveiled the latest EU ‘Global Gateway’ plan, a €300 billion spend to mobilize up to €300 billion in public and private funds by 2027 to finance EU infrastructure projects abroad. We look at where the money is coming from.
A renewed Turkic regional emphasis will be of concern to China, Russia, the EU and United States depending on which way Ankara decides to point.
Vietnam and Russia have agreed to expand the production of the Sputnik V vaccine in Vietnam.
This article offers an overview of childcare leave policy in China, summarizes its recent developments in China’s different regions, and explains how childcare leave will be implemented in practice.
Eligible investors involved in the manufacture of air conditioners, LED lights, and related components as well as solar modules will be granted incentives.
In this issue of Vietnam Briefing magazine, we guide businesses through the annual audit and compliance process as well as a roadmap to IFRS.