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Hainan to Launch Independent Customs Operations Dec 18: Why It Matters

2025-07-30
The Hainan Free Trade Port (FTP) has introduced a comprehensive set of measures designed to establish a highly open, efficient, and innovative customs environment to support the accelerated development of the port. These new “customs closure” policies are scheduled to take effect on December 18, 2025, marking a significant milestone in Hainan’s transformation into a globally competitive free trade hub.
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China Briefing

How to Apply for Additional VAT Deduction for Advanced Manufacturing Companies in 2025

07/29/2025

How to apply for the additional value-added tax (VAT) deduction in China 2025 is a key concern for manufacturers seeking to lower their tax burden. This article explains the eligibility criteria, application process, deadlines, and compliance obligations for companies, especially foreign-invested enterprises (FIEs), looking to benefit from this advanced manufacturing tax incentive.

India Briefing

India Becomes Leading Source of Smartphone Shipments to the US in Q2 2025

07/30/2025

India has overtaken China as the top smartphone supplier to the US market in quarter 2 2025, with its export share jumping from 13 percent to 44 percent year-over-year. This dramatic shift reflects ongoing trade tensions and manufacturers’ strategic pivot toward supply chain diversification, led primarily by Apple’s expanded iPhone production in India.

Vietnam Briefing

Vietnam Introduces National Blockchain Platform: Enhancing Data Protection

07/29/2025

As Vietnam accelerates its digital transformation, a new blockchain platform – NDAChain – emerges as a government-backed blockchain infrastructure, designed to enhance data protection, identity verification, and compliance. Businesses across sectors can leverage this decentralized platform to secure transactions, combat counterfeiting, and streamline digital trust.

Middle East Briefing

Saudi Arabia’s Amended Investment Fund Rules

07/28/2025

Saudi Arabia’s revised investment fund rules aim to improve investor protections, cap fund manager fees, expand digital distribution, and simplify access for foreign investors.

ASEAN Briefing

Indonesia’s Construction Boom and Opportunity for Foreign Contractors

07/29/2025

Indonesia’s construction sector is one of Southeast Asia’s fastest-growing markets. The government allocated 422.7 trillion rupiah (US$27.6 billion) to infrastructure in the 2024 State Budget, the largest amount in five years. The market is projected to expand from US$273.15 billion in 2024 to US$535.98 billion by 2030, with an annual growth rate of roughly 11 percent.

China Briefing

US-China Relations in the Trump 2.0 Era: A Timeline

07/30/2025

July 30, 2025: Progress on tariff pause extension, but final decision awaits Trump’s sign-off. US and Chinese trade officials concluded two days of negotiations in Stockholm on Tuesday, marking their third round of high-level talks since May. While both sides expressed optimism about extending the current 90-day pause on reciprocal tariffs, set to expire on August 12, no final agreement has been reached.

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ASEAN

How Foreign Investors Can Leverage Malaysia’s Free Trade Agreements

07/31/2025

Explore Malaysia’s free trade agreements and learn how foreign investors can gain market access, cut costs, and optimize supply chains.

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China

China Briefing

China Launches First-Ever National Childcare Subsidy: What You Must Know

07/31/2025

The newly implemented childcare subsidy in China marks a historic step in national birth support policy, with important implications for foreign companies targeting Chinese families. This analysis covers the policy framework, demographic impacts, and sector-specific opportunities.

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India

India Briefing

India Backs 23 Chip Design Projects to Boost Semiconductor Supply Chain

07/31/2025

India has approved 23 chip design projects under the Design Linked Incentive (DLI) scheme, part of the INR 760 billion (US$8.67 billion) Semicon India Programme, to strengthen its domestic semiconductor ecosystem.

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Vietnam

Vietnam Briefing

Leverage Incentives in Da Nang for High-Tech Investments

07/31/2025

Da Nang is emerging as a top destination for high-tech investment in Vietnam, offering generous incentives, infrastructure upgrades, and talent support for semiconductor, AI, and innovation-driven sectors under Resolution No. 136/2024/QH15.

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Middle East

Middle East Briefing

New E-Invoicing in the UAE: Full Compliance Guide for Business

07/30/2025

The  new e-invoicing system in the UAE introduces compulsory e-invoicing, real-time reporting, and digital compliance.

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