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CBAM, or the Carbon Border Adjustment Mechanism, is a policy tool used to address carbon leakage and promote greener practices by imposing tariffs on imported goods based on their carbon content. The mechanism aims to level the playing field between domestic products, which are often subject to strict environmental regulations, and imported goods from countries with looser regulations. Why CBAM is strategic? - Climate Change Mitigation: By taxing imports based on their carbon footprint, CBAM incentivizes foreign producers to adopt cleaner technologies and reduce emissions, thereby contributing to global efforts to mitigate climate change. - Economic Competitiveness: It prevents domestic industries from being at a disadvantage compared to foreign competitors who might not face the same environmental regulations, thus maintaining fair competition. - Encouraging Global Standards: CBAM can drive international standards for carbon emissions, encouraging countries with less stringent environmental policies to enhance their climate actions. - Revenue Generation: The tariffs collected can be used to fund further climate initiatives and green technologies, creating a positive feedback loop for environmental sustainability. - Transition to a Green Economy: By making carbon-intensive goods more expensive, CBAM promotes the transition towards a low-carbon economy and supports the development of sustainable industries.

Thailand’s Board of Investment (BOI) is revolutionizing its approach to foreign investment, providing comprehensive support to international companies aiming to enter the Southeast Asian market. SMEs stand to benefit from: ☑️ Reduced Corporate Tax: Up to 50% reduction for companies contributing to innovative sectors. ☑️ Import Duty Exemptions: On machinery and raw materials essential for production. ☑️ Fast-Track Visa Processing: For skilled workers and international experts in tech and green energy industries. The BOI’s investment-friendly policies aren’t just aimed at large multinationals—SMEs can enjoy tailor-made benefits that accelerate their regional expansion plans. With a focus on long-term economic growth, Thailand is your gateway to ASEAN's 600+ million consumers. Let us guide you through the application process for BOI incentives. Learn how you can establish or expand your business in Thailand with ease. https://lnkd.in/g3KBmQsE #BOIThailand #SMEsInAsia #BusinessGrowth #TaxIncentives #ThailandOpportunities

This is very welcome news for Indonesia and the world. Meeting the CPTPP's high-standard rules and market access commitments will be a good step in Indonesia’s progress toward its goal of becoming a high income country by 2045. https://lnkd.in/gzfi5eEp

Indonesia very recently submitted its formal request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), with the goal of expanding international market access and attracting investments. This move aims to drive structural reforms in the country's economy. Indonesia submitted its application to New Zealand, the official depository of the agreement. Economic forecasts predict that by 2030, Indonesia is set to become the seventh-largest economy in the world. Regarding foreign trade, Indonesia is expected to see a significant recovery in 2024. Exports are projected to increase by 8.9%, while imports could rise by 16.2%, driven by economic reforms, increased business investments, and participation in key trade agreements like the Regional Comprehensive Economic Partnership (RCEP), enhancing its role in global supply chains. #TITOSmartModalLogistics #ForeignTrade #Logistics #Import #Export #Logística #Importação #Exportação #Importación #Exportación

Why is Canada leading a trade mission to Indonesia?   Canada and Indonesia have worked together in many areas, including trade, investment, and security. This strong relationship continues to create new opportunities for Canadian businesses.   In 2023, Indonesia was Canada’s 22nd-largest trading partner and the top export market in #ASEAN, with two-way trade totaling $5.1 billion. Canadian exports alone were $2.3 billion, showing the importance of our trade ties.   This growth opens exciting opportunities for Canadian companies looking to expand in Southeast Asia!   Learn more on Canada-Indonesia business relations: https://lnkd.in/dqhyTzHV   #GoTeamCanadaTrade | #GlobalBusiness | #InclusiveTrade | #Innovation | #IndoPacific

🌏🤝 Vietnam - Indonesia | Indonesian President Joko Widodo is set to visit Vietnam from January 11-13 to deepen their strategic partnership and strengthen their traditional friendship. 🇮🇩🇻🇳 The two countries will discuss promoting trade and investment, energy transition, green and digital economy development, electric vehicle manufacturing, and hi-tech agriculture. 🏦💰🔌📡🚗🌾 Bilateral trade cooperation has grown significantly, with Indonesia becoming Vietnam’s third largest export market and second largest import market in ASEAN. The goal of 15 billion USD in two-way trade by 2028 is reachable. 💹 Both countries have committed to cutting carbon emissions and can cooperate closely in energy transition, carbon storage, renewable and green energies, and sustainable green economic development. 🌍💚 #IndonesiaVietnam #Cooperation #Growth #StrategicPartners #FriendlyNeighbors #BridgingSoutheastAsia #UnlockingPotential #BuildingTheFuture #TradeBoost #InvestmentOpportunities #EnergySolutions #GreenTransition #DigitalTransformation #EVRevolution #SmartAgriculture #15BillionUSDTradeTarget #RenewableEnergyPartners #SustainableDevelopment Reference Sources: https://lnkd.in/g28pGnwb See Also: Vietnam Market Entry: Key Legal Considerations https://lnkd.in/g4GrWSad [Legal Update] New Opportunity for the Retail Industry in 2024: A Comprehensive Insights https://lnkd.in/gg5GeUx7 ------------ Feel free to contact me via my WhatsApp at +84 (0) 76 548 9586 (Khoa Pham) if you would need any additional information regarding market entry in Vietnam with reference to legal requirements, permits, market research and other relevant services for setting up business in Vietnam.

𝗪𝗲𝗯𝗶𝗻𝗮𝗿 𝗶𝗻 𝗠𝗮𝗻𝗱𝗮𝗿𝗶𝗻 | 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗮𝗻𝗱 𝗗𝗼𝗶𝗻𝗴 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗶𝗻 𝗩𝗶𝗲𝘁𝗻𝗮𝗺 | 𝗜𝗻𝘃𝗲𝘀𝘁 𝗶𝗻 𝗩𝗶𝗲𝘁𝗻𝗮𝗺 - 𝗟𝗼𝗼𝗸𝗶𝗻𝗴 𝗮𝗵𝗲𝗮𝗱 𝘁𝗼 𝟮𝟬𝟮𝟰 Despite global economic challenges in 2023, Vietnam aims for sustainable growth in 2024, building on strategic measures. The 4.7% GDP growth faced hurdles from reduced exports, but Vietnam remains resilient with a focus on domestic consumption, reforms, and low inflation. Foreign direct investment thrives, fueled by influential trade agreements like EVFTA and CPTPP, particularly in sectors like energy, high-tech manufacturing, agriculture, and infrastructure. Vietnam emerges as a top destination for robust supply chains and sustainable investments in 2024, offering opportunities for foreign businesses. Vivie Wei, Vietnam Country Director at Dezan Shira & Associates, offers valuable insights for navigating the changing FDI landscape, covering the following topics: ✅ Vietnam's business environment and prospects ✅ Setting up and operating a business in Vietnam ✅ Tax overview ✅ Audit and accounting compliance ✅ HR and payroll 📌This webinar will be conducted in Mandarin Chinese. Reserve your spot now at: https://ow.ly/lIkQ50QxLSo #DezanShira #VietnamBusiness #ForeignInvestment #FDI #Tax #Audit #Accounting #HR #Payroll

AHK VIETNAM AT 30: A REMARKABLE JOURNEY OF PARTNERSHIPS 📰 Marko Walde Chief Representative of AHK in Vietnam, Myanmar, Cambodia, and Laos, recently shared the remarkable 30-year journey of AHK Vietnam in the Tet special edition of Vietnam Investment Review (VIR). In 2024, AHK Vietnam marks its three-decade commitment to fostering strong trade ties between Vietnamese and German businesses. 🎯 Over the years, AHK Vietnam has been instrumental in providing comprehensive services, ranging from market entry and business development consulting to investment promotion and vocational training. Germany has emerged as Vietnam's largest trading partner within the EU, with 500 German businesses operating in Vietnam, generating approximately 50,000 jobs. 🎯AHK Vietnam has actively supported vocational training and facilitated employment opportunities for Vietnamese workers in Germany, aiding nearly 2,000 individuals since 2015. The organization's commitment to sustainable development is exemplified by initiatives such as the offshore wind power project in Binh Dinh province, backed by a substantial $4.6 billion investment from PNE AG. 🎯Looking ahead, AHK Vietnam pledges to support Vietnam in becoming an attractive investment destination for German companies, particularly in the green energy sector. The organization actively assists German businesses in integrating sustainability into their global supply chains, navigating environmental, social, and governance standards, and complying with the German Supply Chain Act. Read the full article right here>>> https://lnkd.in/gTkxBFq3... #AHKVietnam #PartnerInVietnam #PartnerForGrowth #SustainableDevelopment

Vietnamese pangasius export prices, volumes lift in early 2024 Vietnam's exports of pangasius plummeted in February in volume terms, but some concerns over supply and a slight improvement in market demand have meant an increase in the average price, according to a consultancy commissioned by Undercurrent News to gather and analyze customs data. January's export volumes far surpassed those of the same month in the prior year because, in 2023, Vietnam's Lunar New Year, or Tet, celebration fell that month. Click below to read the full story from Neil Ramsden. Undercurrent News #Vietnam #pangasius #trade #prices

[Local News #1] Do You Know You Are Living in the "Capital" of Foreign Investment? ✊Exactly like that, Vietnamese pride is always boiling in each of our hearts. In the first 2 months of 2024, Vietnam reached 4.29 billion USD FDI, an increase of nearly 39%. 👏PwC has firmly affirmed that: "Vietnam has the right to be proud and use it as motivation when the GDP growth rate reaches about 5.3% - Top 2 in the world." Furthermore, Vietnam has signed and implemented many free trade agreements with more than 60 countries and territories around the world. 🤝The Party, State & Government and all businesses in all fields have been working together to upgrade the green economy to integrate with the international trade - economic - financial network. We have deployed & proactively implemented COP26 regulations for many years. 'Most especially, The Government has allowed to relax the foreign ownership ratio in listed companies up to 100% since 2015 That's why: 🔥"VIETNAM'S NATIONAL TRUST RATING IS RAISED TO BB+"🔥 💖Please continue to follow Mega A Logistics to update the latest domestic news!💖 ============= #megaalogistics #tintuctrongnuoc #Kinhtevietnam #logisticsxuyenbiengioi #chuoicungung ============= Mega A Logistics Vietnam - “Everything. Handle With Care” Mega A | Leading logistics company in Vietnam with a warehouse system spanning more than 50 countries ☎Phone: 091 845 56 68 🌐Website: https://ddtrans.co/ 📌Executive and development office: No. 2, Street 39 (Gloria Village), An Khanh, Thu Duc City, Ho Chi Minh City