This Week’s China Plus – Wednesday, June 16, 2021

Posted by Written by Asia Briefing Reading Time: 2 minutes

HEADLINES: India’s Electric Vehicle Market / India’s Manufacturing Hubs / Vietnam E-Commerce / Vietnam Import-Export Procedures / Shanghai Cooperation Organisation / Eurasian Economic Union 

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INDIA

Foreign Investment into India’s Electric Vehicle Market 

The electric vehicle industry in India is picking pace with 100% FDI possible, new manufacturing hubs and sector-based production incentives, push to improve charging infrastructure, and market policy tweaks to stimulate demand.

India’s Top Foreign Investor Manufacturing Hubs (Complimentary Magazine) 

Report includes: India’s Improving Investment Climate for Manufacturing; Major Investment Destinations in India; Connectivity, Logistics, and Infrastructure Assessment.

VIETNAM

Setting Up An E-Commerce Business in Vietnam

E-commerce companies have been increasing their market share in Vietnam aided by increased internet connectivity, smartphones, and most recently, lockdowns related to the COVID-19 pandemic. With over 60 million internet users, Vietnam’s e-commerce industry is expected to reach US$9 billion revenues by 2025.

Import / Export Procedures in Vietnam

Vietnam has emerged as one of the world’s fastest-growing markets. Currently, the country is the EU’s 16th largest trade partner and the second-largest trade partner within ASEAN. Vietnam is also China’s sixth-largest trading partner and in the first quarter of 2021, was the second-largest exporter to the United States.

EURASIA

Shanghai Cooperation Organisation Pursuing New Regional Trade Alliances 

New Eurasian trade and security cooperation is being developed in moves that impact all of Asia and usher in the Great Eurasian Partnership.

Expansion of the Eurasian Economic Union 

The EAEU as an alternative to Europe is fast becoming a trade reality. We look at all the countries currently queuing up to sign off Free Trade Agreements.

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