French FDI in ASEAN, India’s 2018 Budget, and e-Invoices in Vietnam – Asia Investment Brief
Our weekly round up of other news affecting foreign investors throughout Asia:
ASEAN continues to be an important FDI destination for European investors. Read more about France’s investments in Singapore, Malaysia and Vietnam in the first part of our two-part article on French FDI in ASEAN.
Prime Minister Modi’s government presented its Union Budget for the financial year (FY) 2018-19 on February 1. While some foreign observers have overlooked this year’s budget, it takes on increased importance ahead of the election fight in eight states this year, and the general elections next year.
German exports to Russia last year rose by more than a fifth over 2016, according to data by Germany’s Federal Statistical Office (Destatis). This marked the first increase since 2012 when German exports to Russia stood at €38 billion before they started shrinking on the back of an economic slump in Russia compounded by sanctions imposed on Moscow.
The recent announcement by China that it intends to establish Belt & Road arbitration courts to resolve trade and related disputes along the Belt & Road routes – in China – has raised eyebrows as this goes against the generally accepted principle of utilizing an independent, third party as arbitrator.
Vietnamese firms are shifting to e-invoices to minimize cost and reduce administrative burden. Further changes are proposed to make it mandatory for all firms in 2018. Read more to know about the transition to e-invoices, advantages for firms and tax authorities, and proposed changes for 2018.
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