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Chip War Looming in SEA

Chip War Looming in SEA

by Teuvo Tuomi | Sep 6, 2024 | ASEAN, Innovation, Manufacturing, News, Singapore, Southeast Asia, Technology, Thailand, Vietnam

Singapore, Vietnam and Thailand aim to become a regional leader in the semiconductor manufacturing industry while the demands of artificial intelligence technology and electric vehicles are increasing. Singapore is expanding its decades-long domination in the...
Vietnam Halves Registration Fees for Local Cars

Vietnam Halves Registration Fees for Local Cars

by Teuvo Tuomi | Aug 31, 2024 | Vietnam, Economy, Manufacturing, News

The registration fee for Vietnamese-made cars will be cut by 50% for three months starting in September, according to the government. This is for a fourth straight year that the cut is being implemented, but every time in the past it was only for six months. The...
KITB Designated New Economic Zone

KITB Designated New Economic Zone

by Teuvo Tuomi | Jul 30, 2024 | Business, Economy, Exports, Indonesia, Manufacturing, News

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan says the government has decided to designate the Batang Integrated Industrial Zone (KITB) as a special economic zone (SEZ). The KITB is set to benefit from certain incentives reserved for SEZs. “We...
Thailand Offers Incentives for Hybrid Vehicle Manufacturers

Thailand Offers Incentives for Hybrid Vehicle Manufacturers

by Teuvo Tuomi | Jul 27, 2024 | ASEAN, Manufacturing, News, Technology, Thailand, Transportation

Thailand will introduce investment incentives for manufacturers of hybrid vehicles, the Board of Investment (BOI) says. Excise taxes will be lowered for five years, from 2028 to 2032, for hybrid vehicles makers that invest at least 3 billion baht in the next four...
Indonesia Becoming Global Player in EV Ecosystem: Jokowi

Indonesia Becoming Global Player in EV Ecosystem: Jokowi

by Teuvo Tuomi | Jul 3, 2024 | Digitalization, Economy, Indonesia, Innovation, Investment, Korea, Manufacturing, News, Technology, Transportation

Indonesian President Joko Widodo (Jokowi) says that Indonesia is becoming a global player in the electric vehicle (EV) ecosystem after the inauguration of the South Korean battery and electric vehicle ecosystem in Indonesia at PT Hyundai LG Indonesia (HLI) Green Power...
Vietnam Plans to Cut Registration Fees for Domestic Cars to Half

Vietnam Plans to Cut Registration Fees for Domestic Cars to Half

by Teuvo Tuomi | Jun 28, 2024 | Business, Manufacturing, News, Taxation, Transportation, Vietnam

Vietnam’s Ministry of Finance has asked relevant ministries, branches, and agencies for feedback on a proposal to cut half the registration fees for domestically manufactured and assembled cars. The proposed tax cut would be effective from August 2024 until the...
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