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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.
During the Vietnamese leader’s visit, a series of cooperation agreements were signed between the two countries in trade as well as in other sectors. These include mutual investments in electricity generation, including renewables, industry, production of mineral resources, an expansion of cooperation in the energy sector, the construction of gas-powered electricity plants, supplies of liquefied natural gas to Vietnam and building corresponding infrastructure.
The Chinese invested Colombo Port City and Electric Air Mobility vehicles are showing the way ahead as the Belt and Road Initiative goes new hi-tech.
FMCG distributors in India are threatening to halt supplies starting 2022 as they want price parity and equal treatment from companies. The agitation has been triggered by the preferential treatment given to few retail channels like JioMart, ElasticRun, and Udaan resulting in huge losses to traditional distributors to the extent of pushing some to bankruptcy.
As China endeavors to shift from being a low-end mass manufacturer to a high-end producer, the government has doubled down on encouraging targeted investments in research and development (R&D) and technological innovation. This has resulted in China labeling its technology sector as strategic and for which government support has increased. We list the major tax incentives in China to encourage technology innovation and share guidance on tapping benefits listed in various preferential policies.
Vietnam has adopted a National Strategy on Gender Equality, aiming to foster Vietnam’s gender equality and women entrepreneurship to 2030. Despite progress in narrowing the gender gap recently, Vietnam still faces challenges considering deep-rooted gender stereotypes and a ‘gendered structure’ economy.
The electric vehicle industry in India is developing with 100% FDI possible, new manufacturing hubs, and increased push to improving charging infrastructure. Federal subsidies and policy favoring deeper discounts for Indian-made electric two-wheelers as well as a boost for localized ACC battery storage production are other growth drivers for the Indian EV industry. Moreover, in September 2021, a production-linked incentive scheme for the automotive sector was approved by Cabinet to boost the manufacturing of electric vehicles and hydrogen fuel cell vehicles.
Major initiatives from Russia, India, and Turkey this past week are likely to have a long-lasting impact on the development of Eurasia and will impact the entire region. China and Russia meanwhile are significantly ramping up their trade and investment policies in Africa while Russia maintains inroads into ASEAN.
All the latest international news about the BRI
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.
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.
Cambodia has extended the deadline for the foreign employee quota application to January 31, 2022, two months after the original deadline.
A condensed summary of an eventful 2021 where China tightened data and cyber security laws, increased regulatory scrutiny, enforced education reforms, and much more.
FMCG distributors in India are protesting the preferential treatment given to select retail channels like JioMart, ElasticRun, Udaan etc. resulting in huge losses to the traditional distributors.
Vietnam Briefing highlights the government's recently implemented National Strategy on Gender Equality for the 2021-2030 period.