China Outbound: Setting Up a Trading Company for China, ASEAN and India
Our Latest Round-Up of Business News Affecting China-Based Businesses Investing in Asia
In this edition of China Outbound, we provide a range of resources for expanding your import/export business beyond China and into India and Vietnam. These include an overview of the complex economic drivers at work between China, ASEAN and India, as well as an analysis of Sino-Indian manufacturing dynamics. From here, we move into practical business intelligence, with procedural guides to choosing a sourcing vehicle for China and Vietnam and trading with Vietnam. Lastly, we cap things off with an expert commentary on manufacturing quality standards across Asia.
As the cost of manufacturing in China continues to rise, the search for ever-more competitive products becomes increasingly important. While higher incomes in China have an upside, the reality is that a combination of rising wages, welfare and operational costs is encouraging the Asian supply chain to move.
Chris Devonshire-Ellis explains how China now recognizes that it needs India’s emerging young workers to satisfy its own consumption demands. In the new emerging Asia dynamic, the China-India trade space is set to become one of the most explosive over the coming decade.
China and Vietnam are two of Asia’s most appealing destinations for sourcing. Here, we discuss how ‘indirect’ and ‘direct’ sourcing platforms function in both and discuss some of the HR and compliance issues that foreign companies should be aware of.
With its rising costs, China is no longer the go-to destination for many businesses, and Vietnam has arisen as a serious competitor. Recent trends show that the number of orders shifting from China to Vietnam has seen a significant increase.
In this article, we examine the processes involved with setting up a trading company in Vietnam to engage in import and export activities as well as domestic distribution.
Once an investor has set up a trading company in Vietnam, it is important that its management gains a strong understanding of the country’s import and export regulations and procedures.
A typical assumption made by purchasing managers is that quality standards applying to products made in Asia for export are similar to those of the West. However, there are strong differences between the quality control standards in different countries and between purchasers, both on the demand and the supply sides.
Asia Briefing Ltd. is a subsidiary of Dezan Shira & Associates. Dezan Shira is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in China, Hong Kong, India, Vietnam, Singapore and the rest of ASEAN. For further information, please email firstname.lastname@example.org or visit www.dezshira.com.
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In this issue of India Briefing, we highlight the advantages India possesses as a sourcing option and explore the choices available to foreign companies seeking to create a sourcing presence here. In addition, we examine the relevant procurement, procedural and tax duty concerns involved in sourcing from India, and conclude by investigating the importance of supplier due diligence – a process that, if not conducted correctly, can often prove the undoing of a sourcing venture.
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In this issue of Vietnam Briefing Magazine, we provide you with a clear understanding of the current business trends related to trade in Vietnam, as well as explaining how to set up your trading business in the country. We also attempt to give perspective on what will be Vietnam’s place in the Association of Southeast Asian Nations (ASEAN) in 2015, and look at some of the country’s key import and export regulations.
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In this issue of Vietnam Briefing Magazine, we outline the various sourcing models available for foreign investors – representative offices, service companies and trading companies – and discuss how to decide which structure best suits the sourcing needs of your business.
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