Asia Briefing Business Operational Update

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26 JANUARY 2022	View in Browser

This week's primary foreign investment news
from our ASEAN, China, India, Russia, Belt & Road and Vietnam Briefings.
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HEADLINES: Investing In Asia 2022 – Prospects & Opportunities, Chinese Non-Fungible Tokens, The Digital Yuan, China’s 2022 Minimum Wages, Philippines Export Incentives, Vietnam Opens Its Borders, Regional Trade Developments In Russia, Iran and Kazakhstan, Global BRI Updates, What Russia Will Do In Ukraine.

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Why Investing In Asia In 2022 Is Going To Be Awesome

Opportunities to look out for and challenges to be aware of throughout Asia during the next few months.

How Does China View NFTs and What Are its Market Prospects?

NFTs or non-fungible tokens are a new type of digital asset that is steadily gaining popularity and dominating online media conversations around the world. In this article, we look at the status of NFTs in China. While Chinese regulators do not object to NFTs as a concept, authorities do not appear as enthusiastic over its financial use. China is also opposed to any technology function engaged in the domain of cryptocurrency.

China Launches Digital Yuan App – All You Need to Know

China has released the new digital yuan app for iOS and Android on domestic app stores. The app is available to users in 12 cities across China and will be available to foreign visitors at the Winter Olympics – but its audience will be limited. Tencent-owned WeChat announced it would begin rolling out the e-CNY as a payment option on its platform, potentially introducing the digital currency to over 1.2 billion users.

Minimum Wages In China 2022: Latest Provincial Updates

Minimum wages in China continue to rise. Starting in 2022, Henan raised its minimum wage standards from January 1, while Chongqing and Fujian will raise their minimum wage standards from April 1. Meanwhile, Hebei province has announced it plans to adjust its minimum wage standards in 2022 after completing an ongoing process of evaluation and calculation.

The Philippines Issues VAT Exemption for Exporters of Local Purchases

The Philippines has issued a value-added tax (VAT) exemption for registered exporters on their local purchases of goods and services through Revenue Regulations (RR) No. 21-2021. The VAT privilege covers the sale of equipment, supplies, packaging materials, and goods, among others, for up to 17 years.

Vietnam Eases Entry Procedures for Foreign Employees, Overseas Vietnamese

Vietnam’s government has issued Decision No 450/VPCP-QHQT on easing entry procedures for foreign employees and overseas Vietnamese with relatives. This means that foreigners and overseas Vietnamese and their relatives with temporary residence cards (TRCs), permanent residence cards (PRCs), valid visa, and valid visa exemption certificates will be allowed to enter Vietnam without having to get approval from the immigration department and the local people’s committee.

Russia, Iran To Increase Caspian Maritime Trade Shipping

One of the outcomes of Iranian President Raisi's recent visit to Moscow has been an immediate commitment to increase Caspian Sea trade shipping, with Ro-Ro vessels to ply Iranian agricultural trade between the Anzali and Lagan Ports, which will in turn boost the use of the International North-South Transportation Corridor (INSTC).

Landlocked Kazakhstan Seeks To Connect With The Arctic Ocean To Provide Sea Port Trade Access

An Arctic Multimodal Route will open up Kazakh markets to Europe and East Asia.

Belt And Road Weekly Investor Intelligence #65

In this edition, we look at the Asian trade impact from EU-Russia sanctions, China’s digital yuan, getting cash-flow revenues from the BRI, Russia-Iran trade, Philippines’ export incentives, Chinese cryptominers impact Siberia’s energy resources, and global Belt and Road news.

Russia Is Unlikely To Invade Ukraine. But This Is What It Could Do

Why a conflict is unlikely - and what the implications for the EU are.

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UPCOMING EVENTS IN THIS MONTH

Biden's Asia Trade Policy One Year In

Webinar | February 24, 2022 | 1:00 PM EST / 10:00 AM PST

The Center of Renewable Energies - New Investment Opportunities for SME in West China

Conference | Thursday, 24. February 2022, 9:00 AM to 12:00 AM | Munich

China Market Entry Strategies: China Britain Trade Expo

London | March 17, 2022 | 9:00 AM

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