Trade Promotion Brand Classroom Teaching Chinese Enterprises To Better Invest In ASEAN

Lin Bizhi, a partner of Malaysian Leong Pan Wong Law Firm, analyzed the advantages of investing in Malaysia, and shared investment experience and precautions. Just last month, the governments of China and Malaysia jointly signed the "Memorandum of Understanding between the Government of the People's Republic of China and the Government of Malaysia on Establishing a High-level Committee for China-Malaysia Cooperation to Promote Cooperation in the Post-epidemic Period." The first point of the memorandum mentioned: launching a high-level committee for China-Malaysia cooperation, planning to promote cooperation between the two countries in the post-epidemic period. At the same time, continue to deepen medical cooperation. With the arrival of semi-finished Chinese vaccines in Kuala Lumpur, Malaysia will become the second country in the region to start vaccine filling cooperation with China after Indonesia, marking a new stage of vaccine cooperation between the two sides.

Malaysia is located at the confluence of the Straits of Malacca. It is the "heart" of ASEAN and the fourth largest economy in ASEAN. According to the research of Guangxi University, there is no competition and conflict between China and Malaysia in the field of services. The complementarity between Malaysia and China in terms of import and export ranks among the top RCEP countries, and the ASEAN Free Trade Agreement, RCEP and the “Belt and Road” initiative Complement each other. According to Lin Bizhi, the Malaysian government has opened 45 sub-sectors since 2009, including investment opportunities in education and training, regional design, environmental management, information and communication technology, service offshore outsourcing, healthcare, logistics and other service industries. There are also many investment opportunities in the manufacturing sector. Malaysia is also very open to investment stance, allowing foreign investors to hold 100% of all investments in new projects. At the same time, the Malaysian government attaches great importance to high-tech development and encourages investment in alternative energy, biotechnology, advanced materials, advanced electronics, and medical equipment information and communications. The government has introduced a number of incentive investment measures. If foreign businessmen come to Malaysia to invest in a "pioneer status", they will be exempt from income tax of up to 70% or even 100% for a period of 5 years or 10 years. In addition, it also includes investment tax subsidies, reinvestment subsidies, high-tech industry rewards and strategic project rewards.

At present, Chinese companies have successfully invested in Malaysia. Shanghai's high-end medical imaging technology research and development and production company United Imaging Medical chose to set up its Asia Pacific headquarters in Kuala Lumpur to develop smart medical information and smart related businesses. "Malaysia is the right choice." Dr. Lou, President of United Imaging Medical Asia Pacific, once said. Lin Bizhi believes that this is mainly because Kuala Lumpur is located in the center of the Asia-Pacific region, with convenient transportation and being able to reach any country in Southeast Asia in one day; strong land and air transportation capabilities; and a society dominated by three major ethnic groups living in harmony, and foreign investors are very Friendly; an international metropolis with many talents proficient in multiple languages.

"Vietnam has become the most attractive manufacturing location in supply chain reorganization." Nguyen Phu Bo Chi, a researcher at the Chartered Institute of Arbitrators (CIArb) and a member of the Alliance of Elite Law Firms (Shanghai), stated that as of May 18, the cumulative number of deaths due to the new crown pneumonia epidemic in Vietnam was 37, indicating that Vietnam is in control of the pandemic. Outstanding. ADB experts also believe that Vietnam’s economy is showing a recovery trend and predict that Vietnam’s economy will grow by 6.3% in 2021.

After Vietnam joined the WTO, it has participated in many free trade agreements. The signing of the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA) will help investors enter 40 countries with a population of 900 million. In addition, Vietnam also has a large number of young laborers and offers the most competitive salary in the region. The monthly manufacturing salary is 255 US dollars, which is much lower than China (866 US dollars), and the production cost is lower. In particular, EVFTA's rules of origin will provide Chinese investors with more opportunities to introduce textiles and clothing supply chains into Vietnam. It can be said that Vietnam is the first choice for Chinese investors to set up manufacturing companies. But Nguyen Phu Phu Chih reminded that the establishment of a manufacturing enterprise in Vietnam needs to meet the three conditions of registering an environmental impact assessment or environmental protection plan, obtaining a land use permit, and obtaining a construction permit.

The Philippine government launched the "Build, Build, Build" plan in 2017. It is expected to invest 8.4 trillion Philippine pesos (approximately US$174.8 billion) in the construction of roads, bridges, airports, railways, ports, flood control facilities and other infrastructure projects within 6 years. . According to CARLOS OCAMPO, founding partner of Ocampo and Manalo Law Firm, the 11th edition of the Negative List for Foreign Investment in the Philippines allows 100% foreign direct investment in Internet companies, higher education teaching, training centers, insurance companies, loan companies, financing companies, and investment companies. health centre. He said: "Infrastructure construction and opening up to foreign investment will continue to play an important role in the Philippine national economic recovery plan, and fiscal and monetary policies are expected to remain stable." With the joint construction of the "Belt and Road" and "Build, Build, Build" plans In-depth docking. At present, many Chinese companies are participating in the construction of infrastructure in the Philippines. The cooperation projects between the Chinese and the Philippines are also steadily advancing. There are many opportunities for foreign investors.

Shen Bin, secretary-general of the Wuhan Council for the Promotion of International Trade, said that China has now become the world's second largest foreign investment country, and in 2020 it will surpass the United States for the first time to become the country that attracts the most foreign investment. Following this is the increasing demand for professional and international commercial services from Chinese companies. The Wuhan Council for the Promotion of International Trade invited experts who have been rooted in ASEAN countries for many years in the field of commercial law to share their experience in ASEAN trade and investment and corporate compliance management, hoping to provide useful help and reference for enterprises to invest in relevant countries and carry out economic and trade exchanges and cooperation.