Weekly Update Jun 11: World Blood Donor Day, Real Estate Networking, Independence Day Picnic

Highlights

Independence Day Picnic Door Prizes • Airline tickets to USA, Resort Stays, More!
Tu, Th-Fr, Jun 12, 14, 15 AmCham World Blood Donor Days
Th, Jun 21 Networking Night: Ready-built factories & warehouses: status and trends
We, Jun 27 AmCham Palooza Party at Purple Jade, Intercontinental Asiana Saigon
Sa, Jun 30 Independence Day Picnic
Presentation: eCustoms at Intel Products Vietnam
Presentation: Trade Credit Insurance Promotes Exports
Vietnam Outlook: World Bank East Asia & Pacific Update, May 2012
Vietnam Economic Indicators: World Bank East Asia & Pacific Update, May 2012
WB calls for prudence in economy driving, reform of SOEs
The unlearned lesson: Vinashin, VinaLines, and other SOEs’ inefficiencies
Sep – Dec AmCham Scholarship 2012
Tu, Nov 6, U.S. General Elections Day • U.S. Voter Registration Web Sites

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Events, Meetings, Activities, and Special Offers

Welcome to new AmCham companies 46 new companies have joined AmCham in Jan-Jun. Brief descriptions, activities, representatives’ names, and links to their web sites for additional information.

Food & Beverage Highlights in June at Sheraton Saigon Hotel & Towers Shanghainese Food Festival, Wonderful Lobster Night (Fridays), Spectacular Spanish Night (Saturdays), and Champagne Brunch (Sundays) at Saigon Café,special promotions at Lobby Lounge and Mojo, Ladies’ Night at Nightspot with the U.S.-Canadian LIQUID Band (Thurdays), Wine Down at the Wine Bar, Level 23 (daily).

Tu, Th-Fr, Jun 12, 14, 15 AmCham World Blood Donor Days Countries worldwide will celebrate World Blood Donor Day with events to raise awareness of the need for safe blood and blood products and to thank voluntary unpaid blood donors for their life-saving gifts of blood. “Every blood donor is a hero.”

Fr-Su, Jun 15-24 Italian Food Galore at Parkview, New World Hotel Italy – a country know for love, passion and, of course, good food. Experience one of the most diverse culinary cuisines in the world and enjoy our great selection of Italian dishes during our Italian Food Galore festival.

Su, Jun 17 Father’s Day at Legend Hotel Saigon This Father’s Day, make your Dad feel extra special and loved by treating him and family to Saigon’s most spectacular international buffet at the hotel’s renowned Atrium Café, where every father will be presented a special gift during dinner.

Su, Jun 17, Father’s Day at InterContinental Asiana Saigon Start your weekend off in InterContinental style to get ready for Father’s Day with your hero – the gentleman who has been showing you unconditional love and care. The skillful culinary team of the well-known Market 39, located on the lobby level, has prepared a variety of surprises to ensure all visitors experience a Father’s Day to remember.

Th, Jun 21 Networking Night: Ready-built factories & warehouses facilities and locations: current conditions & future trends CBRE Vietnam will share an overview of current conditions, rents & locations of ready built factories / warehousing hubs in Vietnam. More importantly, CBRE will share its forecast on future trends of ready built factories / warehousing industries in Vietnam.

Sa, Jun 23, “Gathering Talents, Connecting Business” A career networking event specifically tailored for Vietnamese professionals and students in Singapore who want to take new roles in the competitive working environment in Vietnam. The event also provides an exclusive opportunity for companies and business associations in Vietnam and Singapore to enhance relationships as well as collaborate for future business plans.

We, Jun 27 AmCham Palooza Party at Purple Jade, Intercontinental Asiana Saigon Come and join us for a night of casual networking, meet other professionals, bring your business cards!

Sa, Jun 30 Independence Day Picnic Join us for an old-fashioned celebration and scrumptious food, fun and games for children and parents, great door prizes, and good music at AmCham’s Annual Independence Day Celebration and Family Picnic. Limited to 700 AmCham Members and their Family and Guests. Register on line now to reserve your tickets. Then come to AmCham office to pay and receive tickets from Jun 15 to Jun 27.

Advance Notice: Sep – Nov AmCham Scholarship 2012 AmCham will grant scholarships to up to 45 top students from universities in HCM City.

Tu, Nov 6, U.S. General Elections Day • U.S. Voter Registration Web Sites More than 6 million Americans live overseas. If the overseas American community were a state, we would be the 18th most-populous state in the union. Our votes count … click the link to register online, get a ballot, and vote.

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

Pinkerton has received its RO license The world-famous PINKERTON Company (specialised in Risk Management, Security Consultancy, Business Continuity Planning, Supply Chain Consultancy and Market Research) has received its Representative Office licence in Vietnam, starting on June 1. The representing office will be located in Long Hai Security’s Head Office building in HCMC (on the 3rd Floor).

FDI down 30% in Jan-May 2012 compared with 2011 Viet Nam attracted $ 5.33 billion of foreign direct investment (FDI), equal to 68.2 per cent of the same period in 2011.

Bosch Vietnam reports robust growth in 2011 business (FDI) Total revenues of US$ 220.5 million in Vietnam in 2011, up 75% from 2010, mainly resulting from the export of continuously variable transmission (CVT) push-belts.

Bosch to expand investment and operations in Vietnam Will increase its investment in Viet Nam to US$ 322 million by 2015 to expand its plant in Long Thanh, southern Dong Nai Province.

AkzoNobel scales up investment to meet growing demand in the region (FDI) Its decorative paint output will increase from 60 million liters per year in 2012 to 100 million liters per year in 2016 when the plant expansion will be completed.

S&P’s Vietnam Outlook Revised To Stable From Negative; ‘BB-/B’ Sovereign Ratings Affirmed S&P could lower the sovereign credit ratings if an early easing of the policy stance causes a marked deterioration in one or more key indicators. Indications that Vietnam could sustain per capita real GDP growth of more than 6% in the next five to 10 years could lead to a rating upgrade.

Myanmar’s Aung San Suu Kyi addresses “World Economic Forum” in Bangkok (FDI) She said investors should retain “healthy skepticism” since Myanmar still lacked rule of law and that some investors were guilty of “reckless optimism.”

Denmark stops ODA grant for three projects following reports of widespread fraud. The Danish development minister, Christian Friis Bach, cut off funding to all three projects after an independent review by Price Waterhouse Coopers uncovered “numerous irregularities.”

Ministry considers offering private sector access to ODA Deputy Prime Minister Hoang Trung Hai suggested foreign donors to continue supporting Vietnam in developing its socio-economic strategy and he pledged to strengthen the fight against corruption.

Garment makers struggle Export orders were down 30 per cent across the entire garment and textile sector. Small firms face closure due to larger firms’ competitive advantage. Big exporters benefited from free on board (FOB) shipping, where the buyer or seller pays transport and loading costs.

Economy needs to focus on industries with key advantages (SOEs) There have been some arguments that we need to create major State corporations, the “iron fists” of the economy, to reach that goal. Reality has shown that the “iron fists” have become “cotton fists.”

OECD Guidelines on Corporate Governance of State-Owned Enterprises (SOEs) The first international benchmark to help governments in improving the corporate governance of SOEs. They are based on and fully compatible with the Principles, but are explicitly oriented to issues that are specific to the corporate governance of SOEs.

ADB: Asian Development Outlook 2012 – Vietnam Outlook Safeguarding the banking sector should be the immediate priority. The longer-term requirement is to develop a diversified and efficient financial system that can mobilize the funding to meet the 7-8 percent economic growth target. These complex reforms, which will take years to complete, would benefit from coordination with the proposed restructuring of SOEs.

China + One = Vietnam and ASEAN ASEAN has the third-largest economy in Asia, after Japan and China. U.S. foreign direct investment (FDI) into ASEAN totaled $130 billion in 2007, the largest destination for U.S. FDI in Asia, and has grown 55% since 2004. As a developing region, ASEAN per capita income is low but its GDP is rapidly growing: an almost 170% increase over the past decade.

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

Last week’s most popular links to events and articles

Th, Jun 21 Industrial Real Estate Update: Ready Built Factories & Warehouses
We, Jun 6 Provincial Competitiveness Index Survey: Implications for FDI
Sa, Jun 3 236th USA Independence Day Family Picnic
Vietnam Outlook: World Bank East Asia & Pacific Update, May 2012
We, Jun 6 What Executives Want from Human Resources
Tu, Jun 5 Legal & VBF Liaison Committee
The unlearned lesson: Vinashin, VinaLines, and other SOEs’ inefficiencies
Welcome to new AmCham companies • Jan ~ May 2012
Vietnam Economic Indicators: World Bank East Asia & Pacific Update, May 2012
WB calls for prudence in economy driving, reform of SOEs
Other popular information downloads

Recent Events and Information Resources

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.

Online Membership Directory Looking for information on AmCham companies? Click here to browse the Online Membership Directory for information about and contact points for nearly 500 AmCham companies, and over 1,000 representatives. Members can contact other members by email via the AmCham web site. Also, links to company web sites for even more information about AmCham companies in Ho Chi Minh City.

Benefits and Services Review AmCham benefits and services and learn how you can benefit from Networking Online, with over 250,000+ visitors and 350,000+ page-views per month to amchamvietnam.com.

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