The Housing Fund is a unique feature of the Chinese welfare system, allowing employees to save money to pay for and maintain their own accommodation. Both employers and employees must make regular contributions into the Housing Fund.
Vietnam appears to be opening up to foreign tourists by waiving visa requirements for citizens of the five EU countries France, Germany, Italy, Spain and the UK.
In this week's China Regulatory Brief, we talk about the relaxed requirements for foreigners to apply for the permanent residence permit in China, new regulation on approval and filing of investment project, and pre-tax deduction policies for employee's education expenditure.
Vietnam may loosen tourist visa restrictions to allow visa-free entry to tourists from Australia, Canada, France, Germany, India, Italy, New Zealand, Spain, and the UK.
Squawkonomics have developed new economic metrics that would better explain the economic phenomenon encountered in Vietnam, where land in desirable locations is still available.
In this article, we go into the probation period in Chinese labor contracts. A feature that is somewhat unfamiliar to foreign investors, the probation period lets an employer pay a new employee a lower salary, and allows for a lower bar to dismissal.
China released the much-anticipated policy framework for the three new FTZs. In Part 1 of this article, we provide detailed information of the general plan of the Guangdong Free Trade Zone and discuss the lifted restrictions on foreign investment across a wide array of sectors such as tourism and financial industries.
In China, it is now up to companies (including foreign companies) to contribute to an employee’s social welfare. In this article, we highlight what a firm's obligations are and discuss how the system differs between Shanghai and Beijing.
Located on the northwest coast of Java, Jakarta is the capital of Indonesia and the largest city in the country. Strategically located in the archipelago, Jakarta serves as the gateway to the rest of the country. In this article, we the city's key industr
With China recently allowing wholly foreign invested medical institutions in the Shanghai Free Trade Zone, dentistry is one step out of the waiting room. Outside of the FTZ, however, investment remains limited to JVs. Apart from the regular set-up requirements, additional steps need to be taken as well.
We would like to update you on recent regulations on implementation of the new tax law, project investor selection and new tariff lines applied for products imported directly from Japan.
In this week's China Regulatory Brief, we discuss the simplified management rules for obtaining the VAT general taxpayer status, the adjusted monthly minimum wage levels in Tianjin, and the draft amendments to the Patent Law.