Assessment of Industrial Cluster Policies in Viet Nam:  The Role of Special Economic Zones in Attracting Foreign Direct Investment

Assessment of Industrial Cluster Policies in Viet Nam: The Role of Special Economic Zones in Attracting Foreign Direct Investment

menos de 1 minuto Special economic zones (SEZs) are considered as one of important regional industrial policies to attract foreign investment in developing countries such as Viet Nam. The review of SEZs development in Viet Nam including the comprehensive review of infrastructure and business environment in SEZs are presented in this paper for the first time.  Moreover, the paper gives novel non-parametric evidence to indicate the positive causal linkage between the zoning policies and the attraction of foreign investment at district-level in the country Continue lendo

Reforming African economies post pandemic

Reforming African economies post pandemic

4 minutos When the tourism and hospitality industries reopen their doors, will tourists and holidaymaker flock in triple and quadruple their previous numbers and will they do so long enough for the industries to stabilize and resume growth? Will air travel shake off the blow it has taken, will it be willing to pocket less profit to attract business or will it hike prices to capitalize the anticipated initial high demand post the pandemic? How individual industries will raise from the ashes of the Continue lendo

Kingdom hopes its SEZs will lure more US firms – Cambodia.

Kingdom hopes its SEZs will lure more US firms – Cambodia.

3 minutos Cambodia’s special economic zones (SEZs) are among several Asean peers that boast potential opportunities for US investors, seeking to diversify their supply chains, according to a recent report conducted by an international service firm. It said the bloc’s SEZs are playing an important role in facilitating greater trade between the region and the US through various fiscal and non-fiscal incentives, said Dezan Shira & Associates – a pan-Asia, multi-disciplinary professional services firm, providing legal, tax and operational advice to international corporate investors. Continue lendo

China’s massive Hainan free-trade port plan raises questions over global trading rules compliance, experts say

China’s massive Hainan free-trade port plan raises questions over global trading rules compliance, experts say

1 minuto While the world is dotted with free-trade and special economic zones, few are on the scale of Hainan, China’s most populous island, covering an area only slightly smaller than Taiwan, and home to more than 9 million people. Beijing’s latest attempt to reinvent the sleepy tropical island as a massive free-trade port have drawn suggestions that it is trying to replace Hong Kong as the trading entrepôt for multinational companies trying to tap the mainland’s manufacturing base or consumer market. As a World Trade Continue lendo

Special Economic Zones an engine to stimulate growth

Special Economic Zones an engine to stimulate growth

2 minutos Covid-19 has become a pandemic that has reverberated across the globe. Its associated detrimental impact on economies has been felt far and wide, with serious disruptions in global value-chains and international trade being evidenced on a daily basis. In the South African context, Covid-19 is threatening to exacerbate the already entrenched socio-economic challenges of poverty, unemployment and inequality that epitomised the country before the virus affected the world.  The Covid-19 pandemic will adversely affect the manufacturing industry in South Africa. No one Continue lendo

Why special economic zones are that so special

Why special economic zones are that so special

1 minuto Khmer Times’ Sok Chan spoke to Hiroshi Uematsu, chief executive officer of Phnom Penh SEZ, on the role of the special economic zone to attract investment, especially from the manufacturing sector. We focused from creating decent jobs and promoting technical transfers to boosting exports into and out of the Kingdom; especially, exports amid the outbreak of the COVID-19 pandemic. KT: How important are the roles of special economic zones (SEZs) in promoting Cambodia’s export processing industry? Uematsu: Special economic zones can play a Continue lendo

Special Economic Zones in ASEAN: Opportunities for US Investors

Special Economic Zones in ASEAN: Opportunities for US Investors

menos de 1 minuto To consolidate its emergence as a powerful trading bloc, ASEAN member states have been promoting special economic zones (SEZ) as a cornerstone for efforts to encourage more foreign investment.   SEZs – which include industrial parks, special export processing zones, technology parks, and innovation areas – gained increasing prominence after the establishment of the ASEAN Economic Community (AEC) in 2015, and more so now as a tool to attract US investors seeking to diversify their supply chains. Total two-way trade between ASEAN and Continue lendo

Special Economic Zones among the paucity of realistic interventions

Special Economic Zones among the paucity of realistic interventions

1 minuto Amongst a plethora of potential economic recovery strategies and a paucity of realistic interventions is the phenomenon of Special Economic Zones (SEZs). Special Economic Zones are geographically delimited areas wherein governments facilitate industrial activity through fiscal and regulatory incentives and infrastructure support. SEZs can make important contributions to growth and development by attracting investment, creating jobs and boosting exports. Special Economic Zones can build forward and backward linkages within the broader economy and support global value chain (GVC) participation, industrial upgrading and Continue lendo

MP dispensa empresa instalada em ZPE de cumprir percentual mínimo de exportação

MP dispensa empresa instalada em ZPE de cumprir percentual mínimo de exportação

menos de 1 minuto A Medida Provisória 973/20 dispensa as empresas instaladas em zonas de processamento de exportação (ZPEs) de cumprir, em 2020, o requisito legal de ter pelo menos 80% da receita bruta atrelado a vendas ao exterior. A MP entrou em vigor nesta quinta-feira (28). ZPEs são distritos industriais, cujas empresas são beneficiadas com a suspensão de impostos para exportar, entre outros benefícios. Em contrapartida, no mínimo 80% da receita bruta total deve ser oriunda de exportações, regra criada pela Lei 11.508/07. O Continue lendo

China: A FTZ with a focus on establishing a hub for oil and gas value chain

China: A FTZ with a focus on establishing a hub for oil and gas value chain

1 minuto The Free Trade Zone concept was first introduced by the 1973 Kyoto Convention (International Convention on the Simplification and Harmonization of Customs Procedures 1973). The 1973 Kyoto Convention defines a Free Trade Zone as a specific district (within the customs territory of a sovereign country or region) that is designated to allow foreign goods to be imported and exported freely under tariff exemptions.  The first Free Trade Pilot Zone (herein referred to as “Free Trade Zone“) was established in Shanghai Pudong on Continue lendo