Introduction to Bangalore, Internal Audit in Vietnam – China Outbound

Our weekly round up of other news affecting foreign investors throughout Asia.

ASEAN BRIEFING

Labor Contracts in ASEAN

A labor or employment contract is a binding agreement between an employer and an employee, that addresses important employment terms, including those related to wages, benefits, termination procedures, and the duties and responsibilities of both parties.

In this article, we provide an outline of the salient features of labor contracts across five major ASEAN economies.

INDIA BRIEFING

Bangalore: Economy, Industries, and Infrastructure

Located in the heart of South India, Bangalore (officially Bengaluru) is the third most populous city in India after Mumbai and Delhi, with a total population of 12.3 million.

It is among the world’s top 10 fastest growing cities with an average economic growth rate of 8.5 percent.

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SILK ROAD BRIEFING

Meet Central Asia’s Newest Capital City – Nur Saltan

Kazakhstan on Saturday took the unusual step of renaming its capital city Astana to Nur-Sultan, in honour of the country’s long standing President Nursultan Nazarbayev, who resigned last Tuesday.

The name change became immediately effective from the publishing of the Presidential decree, which was issued on Saturday, and was signed off by the interim president, Kassym-Jomart Tokayev.

VIETNAM BRIEFING

Vietnam’s New Decree on Internal Audit

Foreign companies doing business in Vietnam need to be aware of Vietnam’s new Decree on Internal Audit.

This new rule will impact business that are listed or in partnerships with state-owned companies.

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