SEZs in India, Vietnam’s Visas and Work Permit Procedures – China Outbound

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Our weekly round up of other news affecting foreign investors throughout Asia.

INDIA BRIEFING

Special Economic Zones and Warehousing Clusters in Delhi NCR

Businesses that locate in a Special Economic Zone (SEZ) in India can realize a number of incentives, in addition to greater access to competitive infrastructure, labor pools, and suppliers.

In the Delhi National Capital Region (NCR), which is made of the capital Delhi and parts of its neighboring states, there are 14 operational SEZs.

RUSSIA BRIEFING

Russia to Introduce Cheaper, Faster E-Visa System from 2021

Russia is set to introduce a streamlined electronic visa for visitors from 2021, allowing a 16 day stay valid for both tourist and business travel. It is expected to cost about US$50.

The list of countries that will be eligible are expected to include all EU members, plus non-EU countries signed up to the Schengen area, such as Norway.

Residents of China, South Korea, Japan, and New Zealand are also being considered although the full list of approved countries is to be finalized.

SILK ROAD BRIEFING

Iran Launches Gold Backed Cryptocurrency “Covenant”

Iran, one of China’s Belt and Road partners but subject to sanctions after the United States pulled out of the nuclear deal framework, has just launched its own cryptocurrency to try and get around the sanctions.

It is currently unable to access international payment networks, such as SWIFT to enable it to trade.

VIETNAM BRIEFING

Vietnam’s Visas and Work Permit Procedures

The number of foreign skilled workers coming to Vietnam surged over 80,000 at the end of 2018.

Most foreign workers in Vietnam are employees of foreign contractors, working for or establishing foreign direct investment (FDI) projects, and come from over 100 countries.

This article explains breaks down the types of visas and legal procedures for securing work permits when hiring foreign staff in Vietnam.


About Us

China Briefing is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in DalianBeijingShanghaiGuangzhouShenzhen, and Hong Kong. Readers may write to china@dezshira.com for more support on doing business in China.