Vietnam Attracts US$10 billion Worth of FDI for First 7 Months
According to the Foreign Investment Department, Vietnam attracted US$10.1 billion of foreign direct investment during the first seven months of 2009.
Shenzhen Releases New Recognition Measures for High-Tech Enterprises
The Shenzhen government released the Administrative Measures of Shenzhen for the Recognition of High and New Technology Enterprises earlier this month, laying out two sets of rules regarding the recognition of high-tech enterprises in the city.
Indian Education Sector to Allow Foreign Investors
The Indian government is considering opening the education industry for foreign education companies and other cross-border players.
Annual Filing of Foreign Bank Account Reports for U.S. Taxpayers
U.S. taxpayers holding financial interest or other authority over a financial account in a foreign country amounting to more than US$10,000 are required to file the annual Foreign Bank Account Report (FBAR) by June 30th of the following year.
India May Extend IT Tax Benefits for One Year
The Indian government may extend tax exemptions to March 31, 2010 for the exports earnings of information technology units doing business in the Software Technology Parks of India.
Hong Kong, Mainland Businesses to Use Yuan for Trade Settlement
Starting next month, Hong Kong businesses will be able to settle international trade in yuan with companies in Guangzhou, Shenzhen, Shanghai, Dongguan and Zhuhai.
Vietnam Salaries Lowest In Region
According to a Japan External Trade Organization (JETRO) report, the amount spent by companies on wages, land rent and power in Vietnam last year was competitively lower compared to other countries in the region.
Indian Government Approves Ten New Special Economic Zones
The Indian government has approved 10 new Special Economic Zones (SEZ) while also allowing the extension of four projects, including Reliance Industries