One of the core concerns of manufacturing enterprises going overseas is how to obtain the certificate of origin of the host country. As the rules for the certificate of origin vary slightly from country to country, especially the calculation method for the percentage of value added, it is difficult for Chinese enterprises going overseas to grasp this issue.

There is a fundamental difference between the motivation of Chinese enterprises to relocate out of China and that of developed economies such as Europe, the United States, Japan and South Korea in the early years.

As political confrontation among major global powers becomes more pronounced and regional military conflicts continue, Vietnam's political space will become more and more limited.

The“Tiger Cub Economies” have failed to achieve industrial upgrading and are still dominated by low-end manufacturing and labor-intensive industries. Except for Malaysia in the semiconductor industry and Thailand in the field of automobile manufacturing has achieved more significant results, it is difficult to find other bright spots.

Only by continuously improving their compliance construction, complying with both China's domestic legal regulations on cross-border investment and strictly complying with the certificate of origin application requirements of Southeast Asian countries, can Chinese enterprises avoid risks in the journey of outward relocation to Southeast Asia and ultimately realize their business goals.

In the past two or three years, despite the serious obstruction of the epidemic, Chinese car companies have not slowed down the pace of entering the new energy vehicle market in Southeast Asia in any way. BYD, Geely, Great Wall, Wuling and other well-known Chinese car companies have invested in factories in Southeast Asia to speed up the production and sales of electric vehicles; some highly competitive models have also gained obvious attention and impressive sales performance in the Southeast Asian market.

In order to promote the development of new energy vehicles, the Malaysian government has continuously launched various initiatives to establish a sound ecology of new energy vehicle consumption. 24 February 2023, Malaysia's Prime Minister and Minister of Finance Anwar presented the 2023 Budget to Parliament, which once again significantly increased the tax incentive benefits for new energy vehicles in the following terms.

Family offices are not a new concept in Singapore, but with the ongoing coronary epidemic, a rapidly changing business environment and a tightening international tax environment, there is a growing number of high net worth families who see Singapore as an ideal place to structure their funds and family offices.

In recent years, the price of Filipino maids in the domestic service market has gradually become lower and more reasonable, and their reputation and popularity have been at a high level. In some developed coastal cities in China, there are groups of Filipino maids of different sizes gathered, and many agencies also claim that the Filipino maids they provide have legal working visas. So, what is the real situation?

The explosive growth of live-streaming with goods during the epidemic does not have a realistic reference. However, with the growing popularity of e-commerce applications, the steady development of traditional online shopping models in the retail industry is an inevitable trend.

The live-streaming with goods model, whether in China or in Southeast Asia, will inevitably return to a normalized blandness, and is unlikely to sustain the extraordinary development trend of the past two years. Live-streaming is not an emerging sales model, but simply a continuation of the traditional TV shopping model in the mobile Internet era. Of course, the live-streaming of goods is more convenient than TV shopping, wider coverage, and more diversified products. Because of this, the vitality of live streaming will be significantly stronger than TV shopping, but it will eventually return to its original position on the edge of the retail market, just like TV shopping.

RCEP, led by ASEAN, takes effect on January 1, 2022. As the world's largest FTA, it encompasses a total of 15 countries, including the ten ASEAN countries, China, Japan, South Korea and Australia and New Zealand. In 2019, the 15 member countries of RCEP will have a total population of 2.27 billion, a GDP of US$26 trillion and total exports of US$5.2 trillion, all accounting for about 30% of the global total.

In recent years, Vietnam's rapid development has become an important topic of global attention, and some commentaries suggest that Vietnam will replace China as the next global manufacturing base. Regardless of whether such comments are well founded or not, there are many signs that Vietnam is indeed working hard in this direction and is making deep innovations in environmental protection, free trade agreements, business environment, rule of law environment and many other aspects.

On January 1, 2022, the Regional Comprehensive Economic Partnership Agreement (RCEP) officially came into force, and the world's largest free trade area was formally formed. In this issue, we further talk about the topics related to cross-border e-commerce, which accounts for an increasing proportion of cross-border goods trade.

On January 1, 2022, RCEP officially came into effect. Earlier, in November 2021, when the agreement was signed by 15 countries under the RCEP framework, 80% of the many series of reports published on the home page of the official website of the Ministry of Commerce of our country focused on one topic, namely the signing of the RCEP indirectly led to the FTA between China and Japan. Because of this, our officials generally consider the landing of the RCEP as "a major breakthrough", which is the first time that China has reached a FTA with the world's top 10 economies. This shows how much importance China attaches to the upgrading of trade relations between China and Japan.

Singapore is perennially ranked first or second in the Bank's Doing Business report and absorbs nearly 65% of the total global capital investment in Southeast Asia, with the remaining 35% going to the remaining 10 Southeast Asian countries.

According to the Doing Business 2020 report released by the World Bank, the top 10 countries in the world ranked as the most business-friendly (out of 100) in the Doing Business survey conducted for 190 economies worldwide are New Zealand (86.8), Singapore (86.2), Hong Kong Special Administrative Region of China (85.3), Denmark (85.3), South Korea (84), the United States (84), Georgia (83.7), United Kingdom (83.5), Norway (82.6), and Sweden (82).

An objective fact known to many is that Indonesia has a huge population of nearly 280 million people, accounting for nearly 40% of the entire population of Southeast Asia, making it the fourth most populous country in the world. Because of this, Indonesia has attracted a great deal of attention from companies around the world, especially from China, and for many years has been the Southeast Asian country that attracts the most foreign investment after Singapore.

In recent years, with the in-depth implementation of the "Belt and Road" initiative, investment and economic and trade exchanges between China and countries along the "Belt and Road" have become more and more frequent. The strategic concept of "21st Century Maritime Silk Road" and the ambition to build Fujian as the core area of the Silk Road have further promoted the in-depth cooperation between China and the countries along the Maritime Silk Road with ASEAN as an important carrier in various fields.

In recent years, Chinese enterprises have shown a more obvious growth in investment in Thailand. Therefore, enterprises should first understand clearly the rules of origin of Thailand, taking into account the characteristics of their own industries and products, in order to carry out cross-border investment more perfectly.

The application for certificate of origin of Thailand will have inconsistent evaluation criteria in the actual operation. Enterprises should maintain good communication and coordination with the administrative authorities and keep abreast of the changes in policies to ensure the smooth application of certificates of origin for their products.

The U.S. Generalized System of Preferences (GSP) is a trade preference policy implemented for developing countries. Developing countries that enjoy the U.S. GSP can enjoy a specific percentage of tariff concessions and other preferential treatment when trading goods or services with the U.S., as agreed.

In the last two or three years, Malaysian river sand has become a very hot topic, but it has repeatedly happened that Chinese enterprises paid for the goods but did not receive the goods or received poor quality sand that could not be used at all under the intermediary of local Malaysian intermediary structures.