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News Across Asia

ASEAN Briefing

Indonesia's VAT Rate to Increase in 2025: How Businesses Can Get Ready

06/14/2024

The Indonesian government is expected to impose a 12 percent VAT in 2025, an increase of 1 percentage point from the current VAT rate.

China Briefing

China’s Wine Market Outlook: Trends and Opportunities

06/14/2024

China's wine market, with new trends and shifting consumption patterns, present opportunities for foreign wine producers and exporters.

ASEAN Briefing

Navigating Indonesia's Housing Savings Program: What You Need to Know

06/14/2024

Indonesia’s government plans to introduce a mandatory public housing savings program (Tapera) for employees in the private sector and those who are self-employed.

Vietnam Briefing

Vietnam Sets Record for Newly Established Firms in the First Five Months of 2024

06/14/2024

Nearly 65,000 firms entered the Vietnam market in the first five months of 2024 - the highest record ever with a 4.5 percent y-o-y increase.

India Briefing

India to Propel South Asia as Fastest Growing Region: World Bank

06/13/2024

According to the latest projection of the World Bank, India's GDP is expected to grow at an average annual rate of 6.7% from 2024 to 2026.

India Briefing

India-Qatar Investment and Trade Relations

06/13/2024

India is keen to attract greater investments from Qatar, tapping its sovereign wealth fund - QIA - for funding opportunities in the energy supply chain as well as across agriculture, startups, education, and renewables sectors.

China Briefing

New Data Security Risk Assessment Rules for Industry and Information Technology Sectors

06/13/2024

New trial rules clarify data security risk assessments requirements for companies processing core and important data in the industrial and IT fields.

Vietnam Briefing

Vietnam Government Proposes Extending 2% VAT Reduction on Specific Goods and Services till End of 2024

06/13/2024

The Vietnam government's proposal to extend the 2 percent VAT reduction is expected to be approved at the 7th session of the 15th National Assembly.

India Briefing

Discussions for a New Electronic Components PLI Scheme in India: What We Are Hearing

06/12/2024

India is reportedly considering a new PLI scheme for electronic components, targeting a local value addition of 35-40 percent.

Vietnam Briefing

Vietnam’s 2024 Law on Credit Institutions

06/12/2024

Financial analysts expect the upcoming 2024 Law on Credit Institutions to enhance the security of Vietnam's credit institutions by strengthening risk prevention measures, increasing oversight of credit entities, and deterring cross-ownership and undue influence in the sector.

ASEAN Briefing

Singapore-China Bilateral Relations: Trade and Investment Outlook

06/12/2024

The evolving trade and investment landscape between Singapore and China showcases enduring cooperation while highlighting emerging challenges.

China Briefing

China’s National Financing Credit Service Platform: Insights and Impact

06/12/2024

China has actively developed a National Financing Credit Service Platform to bolster the private sector by enhancing financial support. The credit enhancement services and risk-sharing capital pools can help foreign businesses enhance their operations and financial strategies.

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