Labor Contracts in ASEAN, Social Security in Vietnam, and Investing in India – China Outbound
Our weekly round up of other news affecting foreign investors throughout Asia.
The article discusses the salient features of labor contracts and social security obligations in five major ASEAN economies – Indonesia, Malaysia, the Philippines, Singapore and Thailand.
Andhra Pradesh is among the top investment hubs in India.
The state serves as a major industrial hub and has established industrial parks, ports, and abundant natural resources.
The latest data from Moscow shows that Russia ranked first out of UK’s top 40 trading partners for growth in trade turnover between January and August 2018, with Russia-UK trade turnover hitting US$6.9 billion for the period January – June this year, representing a 20 percent growth year-on-year.
China’s 35th Antarctic expedition will leave this Friday for the region, where its major task is to build the first major airport in Antarctica, which is expected to be located along the ice sheet, 28 kilometers from the China-built Zhongshan station on the east coast.
The government has issued the Social Security Scheme for expatriate workers, also known as Decree No. 143/2018/ND-CP, which will enter into force on December 1, 2018.
Expatriate employers and employees should familiarize themselves with term amendments since new regulations will affect payroll and taxation.