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BANGLADESH: Inter-Bank Forex Transactions to be Cleared in 24 Hours

14 Feb 2018

The maximum time required to clear and settle inter-bank transactions in foreign currencies will be cut from 7-10 days at present to just 24 hours from 3 May 2018....Read More


VIETNAM: Self-Certification Introduced for Quality and Origin of Food Imports

14 Feb 2018

Businesses are to be permitted to self-certify the country of origin and quality of imported food items, while confirming that they comply with Vietnam’s food safety requirements. While these new regu...Read More


MYANMAR: Online Customs Clearance System Begins National Rollout

13 Feb 2018

Just over a year after it first went into use in Yangon, Myanmar’s online customs clearance system is to be extended to Myawaddy, a southwestern town bordering Thailand....Read More


CAMBODIA: Tax Registration of FDI-backed Businesses Now Also Possible Via Investment Agency

12 Feb 2018

FDI-backed businesses now have the added option of tax registration at a dedicated service desk set up at the Phnom Penh headquarters of the Council for the Development of Cambodia (CDC), the Cambodia...Read More


LAOS: Import of Satellite Receivers Temporarily Banned

9 Feb 2018

The Laotian government has announced a ban of importing satellite receivers. Affected businesses should inform the Ministry of Information, Culture and Tourism (MICT) if they consider such devices are...Read More


VIETNAM: Tighter Regime Introduced for Food Additives

8 Feb 2018

Any food products using additives not pre-approved by the Health Ministry are now barred from being manufactured or distributed in Vietnam, as well as from being imported. The move is intended to brin...Read More


BANGLADESH: Single Window Investment Clearance Service Now Officially Adopted

8 Feb 2018

The Bangladeshi parliament has formally adopted the Single Window System (SWS) for foreign investment applications, which will become available within six months and enable prospective investors to se...Read More


MYANMAR: Overseas Joint Venture Businesses Approved to Export Cosmetics and Ceramic Products

6 Feb 2018

Foreign businesses in Myanmar can now form joint ventures with local companies for the purpose of exporting a range of products, including cosmetics, purified metals, wood-based furniture, and ceramic...Read More


VIETNAM: Components in Imported Cars Face Mandatory Testing

1 Feb 2018

As of 1 March 2018, certain auto components imported into Vietnam will face mandatory testing to ensure they comply with the country’s quality, environmental and safety standards....Read More


INDONESIA: Clarification Issued on Import of Uncertified Toys

31 Jan 2018

The National Standardisation Agency of Indonesia has issued a series of clarifications with regard to the import of overseas-manufactured toys. Firstly, named individuals will be entitled to receive s...Read More


VIETNAM: Set-Up Requirements Clarified for FDI-backed Retail Businesses

26 Jan 2018

The Vietnamese government has now clarified the FDI rules for retail operations, requiring first-time foreign investors to submit a detailed financial plan for the proposed retail operation. The locat...Read More


MYANMAR: Import-Export Restrictions on Gold and Gold Products Now Lifted

25 Jan 2018

Gold and items of gold are now permitted to be imported to and exported from Myanmar, following a recent move by Myanmar’s Ministry of Commerce recently to remove gold from the list of items prohibite...Read More


THAILAND: Four-Year Visas on Offer for Overseas Investors and Professionals in 10 Hi-Tech Sectors

18 Jan 2018

Foreign investors/professionals in 10 high-tech sectors of Thailand are set to be eligible for new four-year SMART Visas, which will entitle the holders to work in the country without the need for any...Read More


PHILIPPINES: FDI Incentives Set to Be Curtailed in Bid to Bankroll Corporate Tax Cuts

18 Jan 2018

The country’s corporate income tax (CIT) rate may be subject to a two-step reduction process under a proposal currently being considered by the Philippine government....Read More


MYANMAR: Used Machinery Import Regime Extended Until End of 2018

16 Jan 2018

The scheme to allow the import of used machinery for use in a manufacturing project in Myanmar has been extended until the end of 2018. Such imports must be originated from developed countries and arr...Read More


VIETNAM: Logistics Sector Now Open to Overseas Investment

15 Jan 2018

Overseas companies are now free to invest in the country’s logistics sector, either by establishing wholly-owned companies or by taking a stake of up to 49% in an existing local business....Read More


INDIA: State Approval No Longer Required for 100% Overseas Ownership of Single Brand Retailers

12 Jan 2018

Overseas investors can now own a 100% stake in single brand retail operations without requiring official pre-approval (that is, through the automatic route)....Read More


INDONESIA: Major Overhaul of Investment Incentives Looms

11 Jan 2018

The country is to review its range of FDI-related incentive schemes amid concerns that many of its current offerings are either too complex for potential investors or out-of-step with the contemporary...Read More


INDONESIA: Police Set to Ensure E-commerce Import Compliance with National Standards

10 Jan 2018

The police may be called upon to ensure that all e-commerce imports comply with the requirements of the Indonesian National Standards (Standardisasi Nasional Indonesia – SNIs) system, according to a r...Read More


VIETNAM: Preferential 2018-2022 FTA Tariffs Announced

9 Jan 2018

The preferential 2018-2022 import tariff rates relating to 10 of the free trade agreements (FTAs) to which Vietnam is a signatory have now been released....Read More

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