Regular Updates with links to trusted, authoritative sources of information on COVID-19

Recommended precautions for most healthy individuals are careful hand washing, avoiding touching your face, disinfecting frequently-touched hard surfaces, and practicing social distancing, including avoiding large gatherings.

AmCham Vietnam Supports Local Business – AmCham 2020 Discount Partner Program

We know many businesses in Ho Chi Minh City and throughout Vietnam are struggling, due to the COVID-19 virus outbreak. And we know the impact of the outbreak has been particularly hard on small, local businesses.

We at AmCham want to support local businesses which contribute so much to our quality of life in Vietnam by inviting them to join our 2020 AmCham Discount Partnership Program. Please consider joining for your company or refer a favorite local business by sending their email address or a copy of their business card to Membership Manager Sam Hoang at  sam.hoang@amchamvietnam.com

Companies can choose what level discount or special offer they provide. We just ask that they follow “Most Favored Association” treatment and provide us at least the same percentage discount or special offer that they may already provide other local associations. In return, we will promote our AmCham Discount Partners businesses and encourage our members to become their regular customers as described below:

What is the 2020 AmCham Discount Partnership Program?

✓    A program in which partner businesses promote their business by offering a special discount to more than  1500 AmCham top-profile individuals  who are representatives of over  500 AmCham Company Members.

Why join?

✓   As part of our #AmChamVietnamHCMC #supportlocalbusiness campaign, we will feature select partner businesses on our Facebook page and website

✓    Your company will be promoted widely to all AmCham members, partners, and website subscribers.

✓    Discount offers are  free  to be listed in our AmCham Discount Partner Handbook on our website at  LINK  (our website has over 180,000 visitors/year and 500,000 views/year).
✓   Your business can enjoy member rates when booking advertisements on our  Member Discount OnlineWeekly Update Email  and  eBlast Email .

✓   Your special promotion programs can be published on AmCham’s website    LINK

How to join?

✓   Fill in the  Participation Form   HERE .

✓   Book an Advertisement on Discount ONLINE ( Optional ):  REGISTER HERE

If have any questions regarding our program, please contact Membership Manager Sam Hoang at sam.hoang@amchamvietnam.com

We value and want to support our local businesses!

AmCham Awarded Certificate of Merit for Contributions to the Revised Labor Code Adoption

AmCham Vietnam was awarded the Certificate of Merit for its contributions, led and coordinated by AmCham’s Human Resources (HR) Committee, to the stakeholders’ consultation process of the Revised Labor Code. Mr. Trung Pham, Advocacy Lead of the HR Committee, represented AmCham’s HR Committee to receive the Certificate from Mr. Hoang Quang Phong, Vice President of VCCI.  This award was presented during a meeting organized by VCCI together with other Chambers in Hanoi on March 4.

The meeting also sought the establishment of the Special Task Force Group to develop plans and provide opinions from the employers’ side on various Decrees and Circulars, which will soon be issued to implement the Revised Labor Code. VCCI will lead the Special Task Force Group with the participation of business associations including JCCI, VITAS, LEFACO, VEIA, VASEP and AmCham.

Congratulations to the HR Committee for this recognition of its significant advocacy efforts on the Revised Labor Code- an issue impacting our many of our members.

Survey: The Business Impact of Coronavirus disease (COVID-19) Outbreak

AmCham Vietnam-HCMC launched a 36-hour flash survey of its members from February 18-20 to measure the business impact in Vietnam of the Coronavirus disease (COVID-19) outbreak. Over 170 AmCham Vietnam-HCMC members participated; 140 responded to the manufacturing survey questions. Key takeaways below:

More concerned now about economic than health impact: While the overwhelming majority of AmCham members are concerned about both health and economic impacts of the coronavirus outbreak in Vietnam, almost 50% are extremely concerned about the economic impact, whereas 25% were extremely concerned about the health impact.

Health Protocols in Workplace: About 90% of members focused on good hygiene, particularly handwashing, and providing hand sanitizer, with 70% also focused on through surface cleaning. More than 75% encouraged employees to stay home if sick or had a sick family member, with 38% allowing optional work from home. About 50% provided links for healthcare updates and/or advice from healthcare providers.

Projected 2020 revenue down: Over 60% expect lower 2020 revenues (with another 28% unable to estimate the impact). One-third expected between 10-20+% decreases.

Expect Vietnam’s 2020 GDP to Drop at least 1%: Almost 3/4 of members expect a negative impact, with half expecting more than a 1% drop.

Biggest challenges: decreased demand, supply chain/logistics issues, cash flow.

Manufacturing Sector: Production Down: About 70% of members in the manufacturing sector currently are operating at or above 70% of normal capacity and 17% are operating between 50- 70%. 13% are operating below 50% of normal capacity.

Supply Chain Disruption Key: Almost 35% of manufacturing sector members report global operations already are “seriously impacted” by supply chain disruptions. An additional 40% expect serious impact on global operations if supply chain disruptions continue for another month.

Travel restrictions in place/meetings and events canceled: Almost half of members have travel restrictions in place for domestic travel with 60% having restrictions on international travel. Almost 70% of members have canceled or postponed meetings or events, while over 40% report difficulty getting people to Vietnam.

School re-opening supported, particularly for international schools: About 2/3 of members believe that, based on publicly available information, schools in HCMC/Hanoi should reopen, and should not continue to stay closed another 6 weeks through the end of March, citing the negative impacts to families and business operations from prolonged school closure, and the effect on the business climate.