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China Deepens Service Sector Reform with New Pilot Program Expansion

2025-04-23
A new Work Plan outlines 155 tasks to expand access to China’s services industry in pilot areas. These pilot tasks include allowing foreign companies to provide telecom services such as app store and internet access services without foreign shareholding caps, allowing foreign medical professionals to open clinics and engage in short-term practice, and allowing foreign travel agents to provide outbound travel services to Chinese citizens. The Work Plan is the latest effort of the Chinese government to ease foreign investment access in the China services sector, the country’s fastest-growing industry segment.
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Vietnam Briefing

Vietnam to Reduce Import Quota for Ozone-Depleting Substances

04/23/2025

On April 18, 2025, the Ministry of Agriculture and Environment of Vietnam issued a directive halving the country’s import quota for hydrochlorofluorocarbons (HCFCs), a class of ozone-depleting substances (ODS), from 2,600 tons in 2024 to 1,300 tons in 2025.

ASEAN Briefing

Thailand: A Global Leader in Air Conditioner Manufacturing and Export

04/21/2025

Thailand has positioned itself as a vital global manufacturing center for air conditioners. The country produced an estimated 19 million units in 2024, making it the third-largest exporter of air conditioners worldwide, after China and Mexico.

Middle East Briefing

How GCC Economies are Navigating Trump’s 2025 Tariffs Better Than the Rest

04/23/2025

As the United States revives its trade agenda under President Donald Trump, the ripple effects of blanket tariffs are being felt across global markets. Yet, amid the tariff turbulence, oil-rich Gulf nations are proving relatively resilient compared to many of their trade-exposed counterparts.

China Briefing

Filing Individual Tax Returns in Hong Kong: A Complete Guide

04/23/2025

The filing season for Individual Tax Returns (ITRs) in Hong Kong is approaching. Each year, the Hong Kong Inland Revenue Department (IRD) typically issues ITRs on the first working day of May. In 2025, the filing deadline is expected to be in early June for general taxpayers, and early August for sole proprietors.

Vietnam Briefing

Vietnam’s Public Holidays: Planning for Reunification and Labor Day

04/22/2025

As Reunification Day and International Labor Day approach in Vietnam, this article provides essential insights to facilitate effective business operations planning. It is beneficial for both employers and employees to ensure a seamless holiday experience despite anticipated traffic disruptions from the festivities.

India Briefing

A Guide to India’s TDS Rates for FY 2025-26

04/23/2025

India’s Tax Deducted at Source (TDS) serves as an essential tool to ensure tax collection right at the source of income. For the Financial Year 2025-26 (Assessment Year 2026-27), the applicable TDS rates have been revised according to recent changes introduced through the Finance Act 2025.

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India

India Briefing

Skilling and Diversity Takes Centre Stage in India’s Semiconductor Landscape

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India’s semiconductor sector is growing rapidly with a focus on skilling, gender diversity, and global workforce readiness amid rising investments and manufacturing expansion.

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Vietnam

Vietnam Briefing

Vietnam’s Data Regulations: Part 1- Draft Decree for Data Law Implementation

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In this series about data regulation in Vietnam, we explore the key aspects of the proposed regulations and their potential impact on data-related businesses in the country. This article specifically focuses on the draft Implementation Decree, which aims to clarify the general provisions outlined in the Data Law.

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Middle East

Middle East Briefing

Dubai New Onshore Access Framework for Free Zone Companies

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Dubai new Decision No. 11 of 2025 enables free zone companies to legally operate in mainland Dubai through new licensing pathways, reducing structural inefficiencies and enhancing market access. The reform supports phased implementation, with key milestones ahead, and strengthens Dubai’s position as a regional business hub.

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