ASEAN Briefing News

Vietnam Issues Guidance on Electronic Tax Payment Transactions: Circular 19

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Vietnam’s Ministry of Finance (MoF) has issued Circular 19/2021/TT-BTC (Circular 19) guiding regulations on electronic tax transactions.

Singapore Enhances Support Measures to Help Individuals and Businesses

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Singapore has prepared S$800 million (US$604 million) worth of enhanced measures for individuals and businesses during the Phase 2 period.

Malaysia’s Central Bank Provides Financing Facility for High-Tech SMEs

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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 Implementation of the Investment Law

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Vietnam’s Decree 31 provides guidance on the sectors foreign investors are subject to market access restrictions.

Tokopedia and Gojek Merger Creates Indonesia’s Largest Digital Services Company

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Indonesia’s biggest internet companies Gojek and Tokopedia announced a US$18 billion merger in what is the country’s largest-ever business deal.

Reopening of the Malaysia-Singapore Border: Strict Health Protocols to Impact Travelers

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As of May 17, visitors from both countries can cross the border for compassionate reasons, such as visiting family members that are critically ill.

Indonesia Increases Paid-up Capital Requirements for Foreign Companies

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Indonesia’s Investment Coordinating Board issued BKPM Regulation 4 of 2021 regarding an increase of paid-up capital requirements for foreign investors.

Opportunities for Russian Investors in ASEAN

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Each ASEAN country presents its own unique investment opportunities to Russian businesses, ranging from exports of military hardware to wheat to high-tech manufacturing.

Vietnam – Belgium Relations: Increasing Trade and Opportunities for Investors

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Since the EU-Vietnam free trade agreement took effect in 2020, Belgium has played a significant role in promoting trade and foreign investments into Vietnam.

UK and Thailand to Cooperate in New Era of Smart City Development

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The UK and Thailand have jointly launched the “UK Thailand Tech Export Academy” to promote the development of “smart cities” across Thailand. 

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