RSVP Thu, Dec 16 Vietnam-U.S Business Forum: Opportunities for U.S. Investment & Trade with the SKEZ


Viet Nam – U.S. Business Forum: Opportunities for U.S. Investment & Trade with the Southern Key Economic Region (SKEZ)

WHEN: Thu, Dec.16th, from 8:30 – 11:50am
WHERE: New World Hotel Saigon

Please click this link to Register Online

Event Background – “The Third Wave” of U.S. FDI Interest in Vietnam

From 1995 – 2000, there was a “first wave” of U.S. Foreign Direct Investment (FDI) into Vietnam. Many of these firms have been very successful, and have increased their investment in recent years. To name just a few: Cargill in the animal feed business, Coca-Cola and Pepsi, Kimberly-Clark and Procter & Gamble in consumer products, and oil companies, including Chevron, ConocoPhillips, ExxonMobile, and business service companies such as legal, accounting and audit, express services (FedEx), etc.

A *“second wave”* came after the Bilateral Trade Agreement (BTA) went into effect in December 2001, the newly opened U.S. market was an export outlet for Vietnamese and FDI firms, especially in labor intensive sectors such as apparel, footwear, and furniture, which account for about two-thirds of U.S. imports from Vietnam. U.S.-related FDI poured into these sectors, mostly from “partner factories” from neighboring Asian economies, with almost none from the U.S., which has few firms producing these labor-intensive goods. However, major U.S. firms were directly involved with buying and exporting from Vietnam, importing into the U.S. and distributing these products, so that U.S. imports from Vietnam increased from $ 1.1 billion in 2001 to $ 14.7 billion in 2010.

Beginning slowly in 2006, there is now a “third wave” of U.S. FDI in modern industry. The US$ 1 billion Intel Assembly & Test Facility announced in 2006 opened in October 2010. And in 2010, a large number of “Fortune 1000” U.S. companies have visited Vietnam to assess opportunities in higher-value-added manufacturing and service industries, including electronics, automotive, chemicals, building controls. To give an idea of the scale of these U.S.-based multi-national companies, they operate in more than 180 countries, have combined annual revenues of more than $ 675 billion, and 1.8 million employees worldwide.

How can companies, business associations, and government organizations in the Southern Key Economic Zone cooperate to have effective policies and practices to help convert this interest in FDI to actual FDI investment?

Please click this link to Register Online

Event schedule

08:00aRegistration of Participants
08:30aIntroduction
08:40aOpening Speech: Mr. Vo Tan Thanh
.Director of VCCI-HCMC
08:50a Welcome Speech: Mr. Le Thanh An
.Consul General of the USA, HCM City
09:00a Presentation: Southern Key Economic Region Key Features
.& Opportunity for U.S. Investment
. Mr. Nguyen Thien Duc, Vice Chairman
. HCMC Finance & Investment Co (HFIC)
09:20aOverview of the U.S. Support for Trade Acceleration (STAR)
. Mr. John Bentley, Chief Legal Advisor, STAR Project, Vietnam
9:40aCoffee/Tea Break
10:00a Opportunities for U.S. Investors in Dong Nai
. Mr. Trinh Van Anh, Head of Investment Cooperation Dept
. Department on Planning & Investment, Dong Nai
10:20a Opportunities for U.S. Investors in Binh Duong
.Mr. Vo Son Dien, Director Advisory & Marketing Dept
.BECAMEX IDC Corp.
10:40aSuccess story to attract U.S. Investors to Saigon Hi-Tech Park
. Mr. Le Trong Hieu, Director of Investment Promotion & Int’l Relations
.Saigon Hi-Tech Park (SHTP)
11:00aOpportunities for U.S. Technologies/Products in Vietnam
. Mr. David Averne, Commercial Attache, U.S. Consulate General
11:15aExperiences in Pursuing Investment/Trade Opportunities in Vietnam
. Mr. Mark Gillin
. Director, America Indochina Management
11:30a Q&A and Wrap-up
11;50aEvent ends

Costs

Free of charge on a first-come, first-served basis. Places are limited, so please make your reservation(s) early to avoid disappointment.

Background on the Southern Key Economic Zone

Ho Chi Minh City (formerly Saigon) is Vietnam’s economic and business hub, the largest and fastest growing city, with more than two-thirds of Vietnam’s international flight arrivals and departures, 80 percent of container shipments, 75 percent of consumption of steel products, and together with neighboring provinces in Southern Key Economic Region, account for nearly 40 percent of Vietnam’s Gross Domestic Product.

The city center is 60 km (37 miles) from the Eastern Sea, with a population of about 5.6 million, or 6.7 million including the suburban and rural areas. The “greater metropolitan area,” which consists of Hồ Chí Minh City metro area, Thủ Dầu Một, Di An, Bien Hoa and surrounding towns, is 9 million people.

By 2020, the population of the “Greater HCM City Metropolitan Area,” also known as the “Southern Key Economic Region” is projected to reach 20 million.

Please click this link for more information on the Southern Key Economic Zone.

Please click this link to Register Online