Manufacturing and Trading in India, Ease of Doing Business in Vietnam – China Outbound
Our weekly round up of other news affecting foreign investors throughout Asia.
Terminations come with the inherent risk of employees filing lawsuits against employers, and can be expensive.
As each country in ASEAN has its own employment legislation, it is important for multinational companies that operate within the region to ensure that their contracts are in line with the local requirements in each jurisdiction.
China is re-positioning itself in the global value chain – moving away from an export-driven economy to a consumption driven one.
India, with its large consumer market and economic policies – promoting the development of manufacturing capabilities, looks strikingly similar to how China looked 20 years back.
Russian businesses are increasingly being introduced to and encouraged to develop business in ASEAN nations as the Eurasian Economic Union spreads its influence over the region.
Vietnam signed off a full Free Trade Agreement with the EAEU in 2016, and has seen significant trade benefits as a result.
In a further example of the growing influence and trade importance of the Moscow-backed Eurasian Economic Union (EAEU) towards Asia and China’s Belt and Road plans, the EAEU and Thailand have signed a memorandum on cooperation and expansion of comprehensive collaboration.
EAEU Minister of Integration and Macroeconomics Tatyana Valovaya and Thailand’s Minister of Commerce Sontirat Sontijirawong signed the document on Monday.
The World Bank recently released it’s latest Doing Business report, ranking Vietnam 69th among 190 economies for ease of doing business – a fall from last year’s position at 68.
However, Vietnam’s net increase is still up 13 spots in recent years.
China Briefing is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia and maintains offices in China, Hong Kong, Indonesia, Singapore, Russia, and Vietnam. Please contact email@example.com or visit our website at www.dezshira.com.
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