Labor Contracts in ASEAN, Social Security in Vietnam, and Investing in India – China Outbound

Our weekly round up of other news affecting foreign investors throughout Asia.

ASEAN BRIEFING

Labor Contracts in ASEAN

The article discusses the salient features of labor contracts and social security obligations in five major ASEAN economies – Indonesia, Malaysia, the Philippines, Singapore and Thailand.

INDIA BRIEFING

Investment Opportunities in India’s Andhra Pradesh

Andhra Pradesh is among the top investment hubs in India.

The state serves as a major industrial hub and has established industrial parks, ports, and abundant natural resources.

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RUSSIA BRIEFING

Brexit Britain Eyes Russia as Non-EU Investment Market

The latest data from Moscow shows that Russia ranked first out of UK’s top 40 trading partners for growth in trade turnover between January and August 2018, with Russia-UK trade turnover hitting US$6.9 billion for the period January – June this year, representing a 20 percent growth year-on-year.

SILK ROAD BRIEFING

Belt and Road and Airport Antarctica

China’s 35th Antarctic expedition will leave this Friday for the region, where its major task is to build the first major airport in Antarctica, which is expected to be located along the ice sheet, 28 kilometers from the China-built Zhongshan station on the east coast.

VIETNAM BRIEFING

Vietnam Social Security Scheme Update for Expatriate Workers

The government has issued the Social Security Scheme for expatriate workers, also known as Decree No. 143/2018/ND-CP, which will enter into force on December 1, 2018.

Expatriate employers and employees should familiarize themselves with term amendments since new regulations will affect payroll and taxation.

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