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1.

VIETNAM: New Industrial Park in Thai Nguyen Province Gets Official Greenlight

30 March 2017

The government has approved the setting up of infrastructure facilities for the Song Cong 2 Industrial Park (IP) in the city of Song Cong in the northern province of Thai Nguyen, some 80km from Hanoi....Read More

2.

MYANMAR: SEZ Licences for Overseas Insurance Companies Mark First Step Towards Liberalisation

29 March 2017

Overseas insurance companies can now apply for a licence to conduct business within the Thilawa Special Economic Zone (SEZ), the only such zone operational in the country....Read More

3.

THAILAND: Unused Land and Second Homes to be Taxed from January 2018

27 March 2017

Vacant and unused land in Thailand is to be taxed on an incremental basis from January 2018. Under the terms of incoming legislation, owners of such land will be required to pay a tax equal to 2% of i...Read More

4.

INDIA: Small Businesses to Get 5% Corporate Income Tax Cut from Incoming Finance Bill

27 March 2017

Companies with an annual turnover of INR500 million (US$7.6 million) or less are to pay corporate income tax (CIT) at a reduced rate of 25%, a 5% cut from the current rate....Read More

5.

VIETNAM: Government Urges Social Media Advertising Boycott in Bid to Purge Dissident Content

23 March 2017

The government has called for a boycott of social media advertisement until such platforms are free of any or all anti-government content. Already several multinational companies with operations in Vi...Read More

6.

BRUNEI: Duty Falls on ‘Essential’ Imports While Rising on Luxury Goods

21 March 2017

A range of amendments to import duty and excise tax rates across a variety of products are to be introduced from 1 April, including the replacement of the 20% import duty payable on automotive spare p...Read More

7.

PHILIPPINES: 2017-19 Investment Priorities Plan Targets Manufacturing and Regional Development

15 March 2017

A renewed focus on the manufacturing sector and a push towards shifting investments to rural areas are among the key elements of the government’s Investment Priorities Plan (IPP) for 2017-2019....Read More

8.

THAILAND: Overseas Investors Sought for US$11.6 Billion Aviation Upgrade

14 March 2017

Overseas companies will now be eligible to operate airport management services in Thailand as part of the government’s reform of the country’s aviation sector....Read More

9.

MYANMAR: Work Begins on Delayed Dawei Special Economic Zone Project

13 March 2017

Work is expected to commence on the delayed Dawei Special Economic Zone (DSEZ) project in south-eastern Myanmar. Initially mooted in 2008, the project has long been beset with financial difficulties....Read More

10.

BRUNEI: Manufacturing-Focussed FTZ Gets Official Green Light

13 March 2017

In a bid to attract more FDI into the oil-rich Sultanate, Brunei’s government has unveiled plans to develop a Free Trade Zone (FTZ) for the manufacturing sector....Read More

11.

VIETNAM: 40 FDI Projects Lose Licence Over Excessive Delays and Lack of Progress

10 March 2017

The investment permits for 40 FDI Projects have been cancelled. All of the projects were based in the southern Dong Nai province, not far from Ho Chi Minh City, and all had either been abandoned or su...Read More

12.

INDIA: Accelerated Trademarking Process Cuts Paperwork While Increasing Fees

8 March 2017

The number of application forms required to register a trademark in India has been slashed from 74 to just eight, as the government looks to streamline this once notoriously lengthy process....Read More

13.

VIETNAM: 20% Cap on Lending Rates Set to be Abolished

6 March 2017

The 20% cap on lending rates for banks and other credit agencies in Vietnam is to be abolished as of 15 March. In line with a directive from the country’s central bank, lenders will now be free to agr...Read More

14.

CAMBODIA: Two-Year Corporate Tax Exemption on Offer to SMEs that Opt to Go Legit

1 March 2017

SMEs that voluntarily register with Cambodia’s General Department of Taxation (GDT) before the end of 2018 are to be exempt from Corporate Income Tax (CIT) for two consecutive years....Read More

15.

MYANMAR: New Factory Sites Set to Be Released on Expanded Thilawa SEZ

1 March 2017

New factory sites are to be released within the Thilawa Special Economic Zone (SEZ) before the end of 2017. Set on the outskirts of Yangon, Myanmar’s commercial hub, the SEZ has already attracted more...Read More

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