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...
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...
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...
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...
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...
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...
