Weekly Update Mar 28: Palooza Party @ Bernie’s, Business Networking Night @ Bitexco Financial Tower

Highlights

We, Mar 30 Young Professionals Palooza Party @ Bernie’s Bar & Grill
Th, Mar 31 Business Networking Night @ Bitexco Financial Tower (rescheduled)
Tu, Apr 5 How to Meet U.S. Food & Drug Administration Import Requirements
Tu, Apr 5 Cloud Computing: Opportunities and Challenges in Vietnam
We, Apr 6 Total rewards strategy for a diverse, intergenerational workforce
Sa, Apr 9 4th Annual Vietnam-U.S. Education Conference
Mo-Tu, Apr 11-12 Hung Kings’ Festival
We, Apr 20 Developing an Anti-Corruption Compliance Program
Th, Apr 21 A Strategic Approach to Employee Communications
Southern Key Economic Region: Ports, Industrial Parks, and Other Infrastructure
Asia Development Bank: “Skills Enhancement Project” Loan to Vietnam, 2010-2016

Events, Meetings, Activities, and Special Offers for Members

United Airlines: NOW FLYING TO THE “BIG APPLE” DAILY!!! Ho Chi Minh to New York and return from VND18,805,500 (USD900)

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Enjoy Family Summer Holidays package at Evason Ana Mandara Nha Trang and Six Senses Ninh Van Bay Experience the best beaches in Vietnam, relax and spend your time with family at our beach resorts. Our beautiful beaches are situated at Nha Trang Bay and Ninh Van Bay that are based in Khanh Hoa province.

Mercer Vietnam 2011 Total Remuneration Survey: Key to designing comprehensive pay package Mercer’s Total Remuneration Surveys (TRS) conducted by Talentnet Corporation, Mercer’s partner in Vietnam, enables you effectively to design and implement a complete compensation program that aligns with business strategy, is affordable and sustainable, drives productivity, engages key talent and minimizes the chance for pay inequity.

We, Mar 30 Young Professionals Palooza Party @ Bernie’s Bar & Grill, one of TripAdvisor’s top-rated restaurants in HCM City.

Th, Mar 31 Business Networking Night @ Bitexco Financial Tower (rescheduled) to Mar 31 instead of Mar 24. Special attraction: visit to the Observatory Deck. Let’s meet up at Ho Chi Minh City’s new icon. At 262 meters, BFT is Vietnam’s tallest. 68 floors of office space, 6 basement floors of parking and a 5-floor retail podium.

Tu, Apr 5 How to Meet U.S. Food & Drug Administration (FDA) Import Requirements The export of food and beverages from Vietnam to the United States continues to grow, and will likely do so for many years to come. However, developing a successful export strategy has become even more challenging for Vietnamese firms over the past several years. Before carelessly shipping off that next container, you need to be aware of a number of old and new regulations that can cause great harm to your company’s finances and reputation. This seminar is designed to enlighten you on how to avoid the most common mistakes made by food exporters.

Tu, Apr 5 Cloud Computing in Vietnam: Opportunities and Challenges Cloud computing has the potential to generate a series of disruptions that will ripple out from the tech industry and ultimately transform many industries around the world. The cloud’s ability to access, analyze, store and share information could change our business and personal lives in ways hard to imagine. Vietnamese IT services spending is forecast to reach around US$ 348mn in 2011, as the market approaches US$ 551mn by 2015. IT services now accounts for around 18% of total Vietnam IT spending. Growing demand for digital infrastructure projects in segments such as banking, telecoms, energy and government has attracted global IT services providers to invest more in Vietnam.

We, Apr 6 Educational Fair in Ho Chi Minh City The U.S. Consulate in Ho Chi Minh City is pleased to announce the U.S. Education Mission to Vietnam, visiting HCMC April 5-6 and featuring an Education Fair to be held at the Rex Hotel from 16:00 to 19:00 on April 6th.

We, Apr 6 Mercer Vietnam 2011 Total Remuneration Survey (TRS) Info Session Today’s Human Resource professionals are seeking solutions to build a consistent pay strategy. There is a need to maintain external competitiveness while maintaining internal equity. Mercer’s Total Remuneration Survey (TRS) collects compensation and typical benefits information to help you to gain understanding of key remuneration issues in Vietnam, evaluate the competitive position of your company, and much more.

Sa, Apr 9 4th Annual Vietnam-U.S. Education Conference. Organized by the U.S. Embassy and the Vietnam Education Foundatoin; sponsored by USAID. Sessions: U.S.-Style Higher Education: what is it, and how can U.S. organizations help create universities of excellence in Vietnam? Increasing U.S. Education Opportunities in Vietnam. External Partnerships: Universities as Partners and Producers.

We, Apr 13 University of Hawaii Shidler College of Business Executive MBA in HCMC – Information Session Vietnam citizens or foreign nationals living in Vietnam, with an average of 5 to 10 years work experience, are invited to attend a free-of-charge information session.

We, Apr 20 Developing an Anti-Corruption Compliance Program Practical advice for getting started.

Th, Apr 21 A Strategic Approach to Employee Communications A fundamental internal communications approach that supports and aligns with a company’s business performance. A strategic approach within a company that builds a higher level of understanding and support among employees for achieving company goals and objectives.

Plan ahead. Click here to see all upcoming Events and Committee Meetings

Stay informed about Vietnam-U.S. trade and investment with Weekly Updates (Past Issues).

News and Issues Updates

Wintek picks Vietnam for panel plant on lower labor costs The maker of panels for Apple Inc. iPhones, plans to invest as much as $ 150 million on a new plant in Bac Giang.

WPP to buy Vietnam digital agency Who Digital WPP is the world’s largest communications services group, employing 141,000 people working in over 2,400 offices in 107 countries.

Booming Asian casinos draw tourist dollars In Singapore, where two casino complexes opened in 2010, revenue this year is seen hitting $ 6.5 billion, rivalling the current take in Las Vegas. Foundations have been laid for a hotel tower in Vietnam to be run by Las Vegas-based MGM Resorts International in the first phase of a $ 4.2-billion development. The company says it will build two casinos and five luxury resorts on the Ho Tram Strip beachfront by 2020.

Vietnam economy plagued by imbalances Consumer prices surged 13.89% in March from a year earlier, the fastest on-year pace since February 2009, making it increasingly difficult for authorities to cap this year’s inflation rate at 7% despite recently switching their focus from fostering growth to taming price pressures.

Vietnam limits foreign currency loans to curb inflation Credit institutions will be allowed to make short-, medium- and long-term foreign currency loans to businesses to settle import contracts. In this case, companies will have to have foreign currency resources to repay banks.

Catfish wars heat up over inspection feud After winning tariffs and strict labeling restrictions against the Vietnamese fish, the U.S. industry pushed through what could be a death blow with the inspections law in the 2008 farm bill. The law made catfish the only seafood in the U.S. to fall under USDA’s purview, which traditionally has been meat and poultry. Seafood typically is inspected by the Food and Drug Administration.

IBM pays $ 10 million to settle Foreign Corrupt Practices complaint that its employees bribed South Korean and Chinese officials with cash, gifts and entertainment in return for business for more than a decade.

Protecting your corporation against FCPA liability in mergers & acquisitions American companies that neglect to conduct thorough due diligence when acquiring foreign companies risk inheriting or creating FCPA violations. 5 key elements of due diligence.

The Rise and Rise of the FCPA Almost two thirds (63 percent) of respondents, who included corporate executives, investment bankers, private equity executives and hedge fund managers, say the FCPA and anti-corruption legislation have led to aborted or renegotiated deals such as M&A, joint ventures and distributor relationships.

More reasons to be nervous about corruption A corporate investigator said that in his experience many mid-market firms with which he does business “still don’t get it.” A firm that owns a company in the Midwest that sources materials from Asia doesn’t realize that the Asian involvement represents a risk, for example.

Justice Department, SEC cracking down on U.S. companies engaging in bribery abroad The Justice Department was conducting more than 150 criminal investigations under the FCPA as of last year, according to an international law enforcement report.

U.S. Investment and Trade Opportunities in Vietnam’s Southern Key Economic Region A “third wave” of U.S. FDI interest in Vietnam offers business opportunities. A robust and efficient trading and distribution environ

Vietnam and the Trans-Pacific Partnership (TPP) Trade Agreement) The TPP negotiating partners currently include Australia, Brunei Darussalam, Chile, New Zealand, Peru, Singapore, Vietnam, and the United States. Malaysia has officially requested to join the TPP negotiations.

Click this link to read News Highlights: Business, Trade, and Investment in Vietnam and Asia.

Last week’s most popular links to events and articles

Th, Mar 31 Business Networking Night @ Bitexco Financial Tower
We, Mar 30 Palooza Party @ Bernie’s Bar & Grill
Tu, Mar 29 U.S. Currency (& How to Detect Counterfeit)
We, Apr 6, Mercer 2011 Total Remuneration Survey
We, Apr 20, Developing an Anti-Corruption Compliance Program
HCMC & Vietnam’s Southern Key Economic Region: Ports, Industrial Parks, & Other Infrastructure

Recent Events and Information Resources on AmCham Web Site

Event Presentations and PHOTO ALBUMS Did you miss an AmCham event? Were you there but wanted to have a copy of the presentation? Didn’t get the business card of the person you were talking with? Now you can download the presentations by clicking on the above link. Also, you can see a list of people that attended the event, with links to their company contact information.

Click the following links for recent event information and to download presentations

Mar 25 Enhancing Vocational Training in Vietnam through Public Private Partnerships
. Statement by AmCham Representative, Education & Training
. Some Intel Products Vietnam Education & Training Programs
Mar 18 MOLISA/VCCI Conference on Vietnam’s Revised Labour Code
. Proposed Amended Labour Code (Draft 4), English
. Proposed Amended Labour Code (Draft 4), Vietnamese
Mar 18 Special Lunch: Vietnam Provincial Competitiveness Index 2010
. Presentation by Dr. Edmund Malesky on the FDI Survey (pdf, slides)
. Executive Summary (pdf – text)
. Chap 2. FDI Survey (pdf – text)
. Vietnam Provincial Competitiveness Index 2010 (full report, pdf, text)
. Welcome Remarks by AmCham Chairman

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