News Across Asia

China’s Average Wages - Trends and Implications for Businesses

Average salaries in China have more than doubled over the last decade, but the stats vary greatly from industry to industry, and the gap between private and non-private sector pay is widening.

Optimizing Tax Benefits with India's Hindu Undivided Family (HUF) Business Structure

This article examines the core structure of a Hindu Undivided Family (HUF). It covers its key characteristics, step-by-step setup process, vital factors to consider, and its associated tax benefits.

India’s Tax Compliance Calendar for Businesses in August 2023

We provide a tax compliance calendar for August 2023 that highlights important India income tax and GST due dates and obligations.

Shipbuilding in Vietnam: Opportunities and Challenges for Foreign Firms

Moving forward, there will be ample opportunities for investment and development in Vietnam's shipbuilding industry. With this in mind, here’s what foreign firms should know.

The Normalization of Saudi – Iran Relations: Economic Capacity, Trade Potential and Outlook

China's Tax Incentives for Small Businesses (Updated)

China endeavors to help small businesses survive and thrive. In this article, we introduce the major tax incentives in China to foster small businesses.

China Clarifies 2023 VAT Incentives for Small-Scale Taxpayers and Lifestyle and Production Oriented Services

China has announced 2023 VAT incentives for small-scale taxpayers and production oriented and lifestyle service industries. Here's what businesses need to know.

China's Tax Incentives for the Manufacturing Sector in 2023

We provide an overview of preferential tax policies aimed at promoting growth, innovation, and investment in China's manufacturing sector.

Israel, Vietnam Sign Free Trade Agreement

Binh Duong Province: Unveiling Opportunities in Vietnam's Dynamic Retail Landscape

Aggregate retail sales of consumer goods and services have surged by 12.4 percent year-on-year in 2023 in Vietnam's Binh Duong province.

Navigating Business Prospects in India’s Retail Industry

India's retail industry is rapidly growing due to the entry of new players. With a large population, a growing middle class, and an emerging luxury spending cohort, foreign retailers have excellent prospects for business expansion in the Indian market.

Foreign Investment Prospects in Vietnam's Supporting Industries

To achieve a sustainable export-led growth, Vietnam's supporting industries need to be more competitive and increase higher quality participation in global supply chains.