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Opportunities for Foreign Investors in Thailand – Latest Issue of ASEAN Briefing Magazine

2022-09-30
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.

In this issue: Choosing the Right Business Setup * Foreign Investment Incentives by Business Activity and Location * Promising Sectors for Investment in Thailand
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Featured Business News

China Briefing

Hong Kong Lifts Mandatory Hotel Quarantine for Inbound Travelers – What to Know Before You Go

09/30/2022

Hong Kong hotel quarantine requirements have been lifted, allowing inbound travelers to return straight home or to a hotel of their choice after arrival. However, travelers will still be subject to certain restrictions and testing requirements depending on where they have come from. We explain the latest rules for traveling to Hong Kong and discuss what impact they may have on the city’s tourism and business environment.

India Briefing

India-Netherlands Commercial Ties Get Boost with Fast-Track Mechanism (FTM)

09/30/2022

The India-Netherlands Fast-Track Mechanism will facilitate faster resolution of investment cases of Dutch companies operating in India as both countries seek to strengthen their investment corridor. Netherlands is India’s fourth largest source of foreign direct investment and bilateral trade between the two countries reached US$17 billion in 2021-22. Agriculture, health, port and shipping, science and technology, technical education, and urban development are key sectors of cooperation and business.

Middle East Briefing

Islamic and Halal Export Opportunities to the Philippines

10/02/2022

The Philippines is generally known as being the only Catholic nation in South East Asia, however its Bangsamoro southern province has long been Islamic, with settlements dating back hundreds of years with ties to Malaysia’s sultans. Bangsamoro’s southern coast is just a few km from Malaysia's northern coast, Asia’s second largest Islamic nation. 6.5 million Muslims are based in the Philippines Bangsamoro Province, a region showing 7% annual GDP growth. Islamic experienced exporters should be looking to take early steps into this growing South Asian market.

Vietnam Briefing

Vietnam’s Semiconductor Industry: Samsung Makes Further Inroads

09/30/2022

Vietnam’s semiconductor industry is a platform to support and develop several other sub-industries and is an engine for Vietnam’s economic growth. The industry is estimated to reach US$6.16 billion in value by 2024 even though most manufacturing occurs in the low-value part of the value chain. Vietnam Briefing analyzes the semiconductor industry as well as the opportunities available for investors.

China Briefing

China’s Market for Perfumes and Fragrances

09/29/2022

In 2020, perfume sales in China earned approximately RMB 12.53 billion (US$1.76 million) in revenue, accounting for only 2.5 percent of the worldwide market. Nonetheless, China’s perfume business had grown by more than 20% year-on-year between 2016 and 2020, and it is likely to rise further as Gen-Z establish themselves as the primary drivers of national consumption. To achieve economic success in the high-opportunity Chinese perfume market, firms must first identify their own distinct advantages and build a strong brand perfume culture, while thoroughly comprehending the emotions and cultural resonance of Chinese customers.

ASEAN Briefing

Updates to Employment Permits for Professional Foreign Workers in Singapore

09/29/2022

Singapore’s Ministry of Manpower (MOM) provides a range of employment permits for professional expatriates planning to work in the country. Each employment permit differs across various categories of employees and is based on their professional skills and monthly salaries. In this article, we discuss the type of employment permits for professional foreign workers and the requirements to obtain them.

The Bigger Picture

Silk Road Briefing

China’s Belt And Road & Beyond - Monday, October 3, 2022

10/02/2022

All the latest global headlines from across the global Belt and Road Initiative, compiled by Chris Devonshire-Ellis.

Russia Briefing

The Ukraine Conflict: Impact On European & Asian Supply Chains

10/03/2022

Latest Updates: Geopolitics, Nordstream, Economy, Trade & Investment

Russia Briefing

Russia Bans Inbound Road Cargo Transportation From Most Of Europe

10/02/2022

Russia has banned cargo transportation by road for companies from countries that placed similar restrictions on Russia from a decree signed by Prime Minister Mikhail Mishustin and published on Saturday (October 1). According to the document, companies from all EU countries, Norway, Ukraine, and the UK will no longer be able to transport goods through Russia by road. Reloading will now have to take place onto Russian vehicles at Belarus and Russian borders for final deliveries.

Silk Road Briefing

China & Russia Deploy Mutual Satellite Navigation Systems

09/28/2022

China and Russia have signed contracts for the deployment of China’s Beidou system stations in Russia, and Russia’s GLONASS stations in China, Russia’s state corporation Roscosmos has stated. The cooperation paves the way for strategic cooperation in satellite navigation projects. The Chinese stations will be based in Obninsk, Irkutsk and Petropavlovsk-Kamchatsky, while Russia’s GLONASS stations will be located in Urumqi, Changchun and Shanghai.

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Editorial Comment

How Europe’s Dysfunctional Democratic Politics Are Creating Regional Mayhem

September 26th, 2022 Read Article
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ASEAN

Cambodia Increases Minimum Wage for Textile and Garment Sectors for 2023

10/03/2022

Cambodia has increased the monthly minimum wage to US$200 from the current US$194.

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Publications

China

Hong Kong Lifts Mandatory Hotel Quarantine for Inbound Travelers - What to Know Before You Go

09/30/2022

Hong Kong has lifted hotel quarantine for all inbound travelers - we explain the new rules for testing and self-monitoring.

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India

Export-Import in India 2022: Trends and Key Procedures

10/03/2022

This article highlights the trends and outlook pertaining to export-import in India, while outlining trade procedures as per FTP 2015-20, which is now in operation till March 30, 2023.

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Vietnam

Vietnam Business Integrity Index: Enhancing Accountability and Enterprise Conduct

09/28/2022

The Vietnam Business Integrity Index has been created in collaboration with the UNDP and funded by the British government.

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Russia

Russia Briefing

Russia-European Union Bilateral Trade Increased 30.1% In 7M 2022

10/03/2022
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Belt and Road Initiative

Silk Road Briefing

Iran Completes Four Lane INSTC Highway Between Caspian Sea and Persian Gulf Ports

10/03/2022
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Middle East

Middle East Briefing

Turkiye-Turkmenistan Flights Resume After Two And A Half Years

10/03/2022

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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.

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