News Across Asia - Page 55

ASEAN Briefing

Indonesia’s Updated VAT System for Cross-Border Digital Services

07/31/2025

Indonesia launches a new VAT system for cross-border digital services with updated rules, registration steps, and compliance obligations.

Vietnam Briefing

ERP Application Landscape in Vietnam

07/30/2025

As ERP application continues to gain prominence in APAC, Vietnam is emerging as a fast-growing market, projected to reach a compound annual growth rate (CAGR) of 8.5 percent by 2030.

India Briefing

Trump Announces 25% US Tariff on "Friend" India

07/30/2025

On July 30, 2025, US President Donald Trump announced a 25 percent tariff on Indian exports starting in August 2025, citing stalled trade negotiations and policy concerns.

India Briefing

India Becomes Leading Source of Smartphone Shipments to the US in Q2 2025

07/30/2025

India has emerged as the top smartphone exporter to the US in Q2 2025, driven by Apple’s production shift and Tamil Nadu’s rise as a key manufacturing hub amid global supply chain realignment.

China Briefing

Hainan to Launch Independent Customs Operations Dec 18: Why It Matters

07/30/2025

The Hainan Free Trade Port is set to implement major trade facilitation measures on December 18, 2025, including two zero-tariff policies and a full customs closure model. The reforms aim to strengthen Hainan’s role as a key gateway for China's high-level opening.

Middle East Briefing

New E-Invoicing in the UAE: Full Compliance Guide for Business

07/30/2025

The new e-invoicing system in the UAE introduces compulsory e-invoicing, real-time reporting, and digital compliance.

ASEAN Briefing

Indonesia’s Construction Boom and Opportunity for Foreign Contractors

07/29/2025

Foreign contractors can choose a BUJK PMA or representative office to access Indonesia’s expanding construction sector and secure projects.

Vietnam Briefing

Vietnam Introduces National Blockchain Platform: Enhancing Data Protection

07/29/2025

As Vietnam accelerates its digital transformation, a new blockchain platform – NDAChain – emerges as a government-backed blockchain infrastructure, designed to enhance data protection, identity verification, and compliance.

China Briefing

How to Apply for Additional VAT Deduction for Advanced Manufacturing Companies in 2025

07/29/2025

This article walks you through how advanced manufacturing companies in China can apply for and benefit from the 2025 additional VAT deduction policy. It covers who can apply, how to calculate eligibility, and important deadlines to keep in mind.

India Briefing

Quick Commerce Turns to Profit as India’s E-Retail Sector Matures

07/28/2025

India’s quick commerce (Q-commerce) sector is shifting from rapid expansion to a focus on profitability. Backed by a booming middle class, digital access, and policy support, the sector recorded a US$7.4 billion gross order value in FY 2024–25.

India Briefing

India Signs Historic Trade Deal with UK: What It Means for the Two Economies

07/28/2025

On July 24, 2025, Prime Ministers Narendra Modi and Keir Starmer signed the landmark India–UK Free Trade Agreement (FTA) in London—India’s first major trade deal in over a decade and the UK’s fourth since Brexit.

Vietnam Briefing

Vietnam Wages in 2025: Overview, Trends and Implications for Investors

07/28/2025

While Vietnam's labor cost remains relatively competitive, its wages have been rising steadily. To provide businesses with an overview of Vietnam's labor market dynamics, we highlight the country's workforce statistics, wage growth trends, and sector-specific earnings.