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•Well trained workforceHuman resources are one of the country’s main assets. Investors have access to a well trained workforce:individuals have college/university degrees or have other qualifications in areas like manufacturing.Hungarians have achieved good results in fields like technical and medical sciences. The workforce inHungary is also more accessible to the employer who benefits from competitive average wages.•Business friendly environmentHungary welcomes foreign direct investments and has a competitive policy for foreign investments.Although the country offers many business opportunities, some of the leading sectors in Hungary are: - The automotive industry;- The electronics sector;- The services sector;- The food and agriculture industry.•A favorable tax systemHungary has advantageous taxes for companies and individuals. The corporate income tax is between 10and 19%, lower than in other European countries like France or the United Kingdom. The personal13 | P a g e
income tax has a flat rate of 16%. This competitive tax system is aided by certain tax incentives andallowances.•Government incentivesThe Hungarian government encourages investments and competitiveness through a range of incentives.This state aid can be either refundable or non-refundable. Special attention is offered to the progress ofresearch and development activities and R&D investments. VIP investment subsidies are available forinvestors in Hungary and they are offered in certain cases.14 | P a g e
INDONESIATECHNOLOGICALIf we talk about tech sector in Southeast Asia then Indonesia come first due to its large spending in thissector. Indonesia became the largest spender on information technology in Southeast Asia. US-BASEDresearch firm International Data Corporation (IDC) Indonesia reported that the country’s information andcommunication technology (ICT) spending will increase 16% to Rp394 trillion (US$29.5 billion) in 2020,from the 2017’s prediction of Rp339 trillion (US$25.4 billion).The information technology (IT) spendingalone, excluding communication spending will reach Rp159 trillion (US$11.9 billion) in 2020, increase24.2% from the 2017’s prediction of Rp128 trillion (US$9.6 billion). This country has a very tech-hungry,young population. It is the world 4rth largest mobile market and has 112% mobile penetration with atotal of 266 million mobile subscribers. For any tech sector internet is very important factor to considerand Indonesia is taking it very seriously. The internet in Indonesia contributed to 2.5% of national GDP in2016. It is estimated that Indonesia will gain 125 million internet users by 2025. The growth of internetusage has further encouraged Indonesians to purchase smartphones, subscribe to monthly datapackage, and make online purchases. The Indonesian people are exposed to technology and has a firmgrasp on its usage making it a very attractive country for investing. Indonesia’s current e-commercemarket is similar to China’s online marketplace at its infant stage, with a colossal of different sellersproviding goods for purchase via social media recommendations. On the same note, Indonesia’s e-