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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.
According to data from Mergermarket, there were 184 M&A deals in Vietnam in 2022, up from 109 in 2021, a 68% year-on-year increase. Vietnam is becoming an increasingly attractive destination for mergers and acquisitions (M&As), and the country’s real estate sector is a major contributor to this trend. Here’s what firms should know about due diligence in real estate M&As.
In the dynamic landscape of business expansion, ensuring compliance with statutory regulations is crucial. For businesses eyeing growth in India with plans to hire new employees, understanding the nuances of Employees’ State Insurance Corporation (ESIC) and Provident Fund (PF) registration is paramount.
Turkiye’s exports to the GCC over the past 20 years have increased from US$1.2 billion to US$9.5 billion dollars in 2023, with Turkish imports now at US$13.3 billion, up from less than US$1 billion two decades ago. Turkiye’s overall trade volume with the Persian Gulf has reached US$22 billion, with Ankara committed to tripling this figure by 2030. A more considered approach from Ankara is driving multilateral trade and investment worth tens of billions of dollars.
The start of a new year is a hectic time for foreign companies in China. To meet the various compliance deadlines scattered throughout the year, they need to begin the long and complicated process of financial reporting, months in advance. Failure to comply will risk them being hit with deteriorating credit, additional fines, and penalties, and such companies might not be able to remit their profits overseas. We walk companies through the audit process.
2023 has been a mixed year for foreign direct investment into China, with US political pressure putting stresses on the amount of FDI coming into the country. Yet Beijing has been making efforts to diversify its FDI sources, and has been paying special attention to developing new, packaged FDI routes from the Middle East. Global changes lie ahead for West-East foreign investment flows.
Malaysia’s government has tabled its 2024 budget - the largest in the nation’s history with 303 billion ringgit (US$64.7 billion) being allocated. For the government to meet its fiscal responsibilities and reduce the deficit to 4.3% the 2024 budget has introduced several structural changes to Malaysia’s tax system which will impact businesses and individuals. This includes the introduction of a capital gains tax and the increase in service tax.
Xinjiang, China’s autonomous region in northwest China, has the largest number of land ports in the country, and is making significant progress in regional economic growth. Its land ports are registering far busier trade and handle more travellers in a drive to expand China's post-Covid opening up and reengagement with Central Asia and beyond. Xinjiang’s total exports are up nearly 50% in 2023 as China embarks on inland port upgrades.
The ties between Russia and the Association of Southeast Asian Nations (ASEAN) are multifaceted and have evolved over the past decade with special focus from Moscow paid to the region following the eruption of the conflict in Ukraine. This is all part of Russia’s efforts to refocus its trade and supply chains to the East and is an important part of Russia’s pivot to Asia as it disengages with the European Union.
Turkmenistan and China believe that energy cooperation is one of the priority areas of bilateral cooperation, following discussion held between Rashid Meredov, the Deputy Chairman of the Cabinet of Ministers, Minister of Foreign Affairs of Turkmenistan, and Ding Xuexiang, a Member of the Standing Committee of the Political Bureau of the CPC Central Committee, Vice Premier of China’s State Council, who has travelled to Ashgabat on a working visit.
A common economic space between Europe and China remains an academic vision – but can it be realised? By Asials with additional commentary by Chris Devonshire-Ellis The combination of China’s Belt & Road Initiative (BRI) and the Eurasian Economic Union (EAEU) can form a common transcontinental economic space, according to numerous PRC and EAEU officials.[.....]
The increasing deployment of satellites and other payloads into orbit by ASEAN countries opens numerous avenues for foreign investment in this burgeoning sector.
From December 1, 2023, the annual confirmation for Individual Income Tax (IIT) special additional deductions begins. Individuals, including expatriates in China, should check their eligibility for these deductions.
We discuss India's economic outlook for 2024-25 and promising sectors for foreign investment as the country enters a general election year.
Vietnam Briefing outlines Vietnam’s official public holidays in 2024. Businesses should take note of the holiday schedule and plan accordingly.