Indonesia has made serious efforts to improve its import and export procedures as the country targets to become the fourth-largest economy by 2045.
The Maritime and Port Authority of Singapore (MPA) will implement a two-phase increase in port dues rates from January 2022.
With foreign investors showing significant interest in Vietnam, it is important for them to clearly understand the country’s import and export procedures.
Vietnam’s Decree 01/2021/ND-CP (Decree 1) implements changes regarding enterprise registration and notification of enterprise information.
In line with Singapore’s business-friendly environment, the country’s import and export procedures are relatively efficient and simple.
Malaysia’s Central Bank has established a 1 billion ringgit (US$241 million) financing facility to support high-tech SMEs impacted by the pandemic.
Vietnam’s Decree 31 provides guidance on the sectors foreign investors are subject to market access restrictions.
Indonesia’s Investment Coordinating Board issued BKPM Regulation 4 of 2021 regarding an increase of paid-up capital requirements for foreign investors.
Vietnam’s conditional sectors represent a number of opportunities for investors looking to tap into this market segment.
While cryptocurrency trading and use are booming globally in terms of popularity, the Vietnamese legislation makes no reference to such transactions.