by Teuvo Tuomi | Feb 20, 2024 | Laos, Business, News
The Lao Ministry of Finance has announced a new regulation on mandatory tax payments for all digital shopping platforms. The ministry divides digital platform shopping websites into three groups: registered enterprises in the Value-Added Tax (VAT) system,...
by Teuvo Tuomi | Jan 24, 2024 | Cambodia, Business, News
Cambodia is moving up the ranks to become the world’s 8th largest garment exporter as per data from the World Trade Organisation. This is a big improvement from 2021 when a WTO report had pegged the country at the 11th spot. In 2021, the world’s top ten exporters were...
by Teuvo Tuomi | Jan 21, 2024 | ASEAN, Business, Economy, News, Thailand
Prime Minister Srettha Thavisin says Thailand should not continue to use low labor costs as an incentive to draw foreign investments. He also urges ASEAN countries to work together to increase their minimum wages. “The attractive points should be clean energy, good...
by Teuvo Tuomi | Jan 20, 2024 | Business, Technology, Vietnam, Visions
After two years of implementing the National Strategy on Research, Development, and Application of AI, Vietnam has risen seven places in the global AI readiness index, ranking 55th out of 181 countries. The country has successfully created a conducive environment for...
by Teuvo Tuomi | Jan 19, 2024 | Finland, Business, Thailand, Visions
EEC (Eastern Economic Corridor) is a special economic zone located in Thailand. The Eastern Economic Corridor is a development project initiated by the Thai government to promote economic growth and investment in the eastern part of the country. The EEC encompasses...
by Teuvo Tuomi | Jan 18, 2024 | Economy, Business, Laos, News
The Lao government has approved a new regulation set to slash the registration time for new businesses from 10 to 3 days. Approved by the Minister of Industry and Commerce, Malaythong Kommasith, this new regulation is poised to streamline the business registration...
