Posts

Weekly Update Oct 29: Typhoon Drenches Hanoi, Visa Workshop, Global Antitrust, Members Night

Highlights

Th, Nov 1 U.S. Visas Procedures Workshop
Tropical Storm Son-Tinh Drenches Hanoi
Seeking volunteers to interview AmCham Scholarship Candidates
Tu, Nov 6, U.S. General Elections Day • U.S. Voter Registration Web Sites
Nov 11-17 Infrastructure Trade Mission: HCM City, Hanoi, Jakarta
Mo, Nov 12 Members Lunch: Global Antitrust Enforcement – More Authorities, Increased Coordination, Higher Stakes
Tu, Nov 13 Members Night and Meet the Candidates
We, Nov 14 U.S. – Myanmar Business Summit, Yangon
Th, Nov 22 AmCham’s Thanksgiving Golf Tournament and Dinner
Sa, Nov 24 Seeking volunteers to interview AmCham Scholarship Candidates
Sa, Dec 8 AmCham Governors’ Ball • Christmas in San Francisco
Tu Dec 11 Annual General Meeting and Members’ Night
AmCham’s International Coastal Cleanup in the News
Vietnam’s Economic Development Outlook Update, Oct 3, 2012 (ADB)
Vietnam’s Consumer Trends 2012: “We have yet to hit the bottom.”
U.S. Textile Manufacturing, Vietnam, and the TPP Negotiations
New AmCham Companies – 2012
Coca-Cola to invest $ 300 million more in Vietnam
Party Secretary Remarks at Closing of Party Central Committee 6th Plenum
Ca Mau gas, power, fertilizer complex inaugurated
National Assembly may postpone state workers’ minimum wage increase

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Legal & VBF Liaison Committee Meeting, Aug 7, 2012

When: Tue, Jul 17th 2012 5:00 pm to 6:00 pm
Where: Baker & McKenzie Offices (linked by video-conference)
Saigon Tower, 12/F 29 Le Duan Boulevard, District 1, HCMC
Vietcombank Tower, Hanoi

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Legal & VBF Liaison Committee Meeting, Jul 17, 2012

When: Tue, Jul 17th 2012 5:00 pm to 6:00 pm

*Where: Baker & McKenzie Offices (linked by video-conference)
Saigon Tower, 12/F 29 Le Duan Boulevard, District 1, HCMC
Vietcombank Tower, Hanoi

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Many FIEs face closure

Jun 18, 2012. Thousands of foreign-invested enterprises are in jeopardy because of missing a crucial investment certification re-registration deadline.

The proposal was sent in the context that there are 784 foreign-invested enterprises (FIEs) in the city missed the re-registration deadline on July 1, 2011 and now face having to stop operating once their investment licences expire. Some 27 FIEs must stop operating in 2012 and 174 others will share the problem in 2013 and 2014.

According to the municipal people’s committee, some typical cases in point are Taiwan-based Saigon Joubo Textile Co. Ltd, Sweden-based FKS Vietnam and Australian-backed RMIT University Vietnam. Le Manh Ha, vice chairman of the committee, said this was a big issue because most FIEs wanted to continue doing business in Vietnam.

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Legal & VBF Liaison Committee Meeting (Members Only), Tu, Jun 5, 2012

When: Tue, Jun 5th 2012 5:00 pm to 6:00 pm
Where: Baker & McKenzie Offices (linked by videoconference), Saigon Tower, 12/F 29 Le Duan Boulevard, District 1, HCMC, Vietcombank Tower, Hanoi, HCM City and Hanoi

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E-Customs Briefing / Q&A Session, May 31 • Registration Closed

When: Thu, May 31st 2012 1:00 pm to 2:30 pm
Where: Intel Products Vietnam, Lot 12 D1 Road, Saigon High Tech Park (SHTP), District 9, HCMC
Register by: Thu, May 24, 2012 (see Registration Form below)

Facilitated by: Intel Products Vietnam, AmCham Manufacturing Committee, and Economic Office of US Consulate General

Event Description

Efficient and timely customs operations for both imports and exports are essential for FDI factories in Vietnam. While there has been a lot of talk about e-customs, the reality is that most importers and exporters are still using a variant of manual paper-based customs. Often the so-called “e-customs” just duplicates the paper-based manual procedures, which are still required.

Real e-customs does exist in Vietnam.

Come to this briefing/Q&A session to learn how it works in the case of Intel Products Vietnam, and learn about the next steps to make e-customs widely available.

Who should attend

AmCham manufacturing companies’ General Directors and respective Key Internal Logistic Leaders.

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Private sector touted as main economic driver, State-Owned Enterprises (SOEs) are inefficient

NA Deputy Nguyen Ngoc Hoa comments on the proposed comprehensive economic restructuring plan during a group discussion of NA deputies from HCMC at the ongoing session of the legislature in Hanoi – Photo: TTXVN

HANOI, May 26, 2012. The National Assembly (NA) Economic Committee wants to promote the role of the private sector as the main economic driver, while reducing the role of the State economic sector.

This is given in a report that the committee delivered to NA deputies on Thursday. The report, reflecting the opinions of scholars and economists at a recent economic conference in Central Vietnam, stressed that the private sector should be considered as the main driver or important driver for economic growth.

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Party aims arrow at heart of corruption

May 21, 2012. At the 5th plenary session of the 11th Party Congress’ Central Committee, which wrapped up last week, the leaders advocated the establishment of a Party General Secretary-led central steering committee for fighting against corruption

“This decision has once again demonstrated the Central Committee’s determination in pushing up the fight against corruption to gain bigger results,” said Party General Secretary Nguyen Phu Trong.

“However, the fight against corruption has not satisfied the requirement of preventing and gradually pushing back corruption,” Trong said.

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150 SOEs must be equitized every year; HCMC pace is slow


In the first four months of 2012, only four State-owned enterprises (SOEs) were equitized, said a report of the Steering Committee for Enterprise Reform and Development. This is a slow progress given an urgent need for SOEs equitization. The Saigon Times Daily talked to Pham Viet Muon, deputy chief of the steering committee, who also serves as vice chairman of the Government Office, on this issue.

Excerpts:

The Saigon Times Daily: Could you comment on the progress of the SOEs equitization process so far?

Pham Viet Muon: SOEs equitization began in 1992, and since 2001 has been accelerated. By the end of 2011, we have equitized nearly 4,000 enterprises. The number of SOEs dropped from the original 12,000 to 5,655 in 2001. Now, there are only 1,309 enterprises wholly owned by the State nationwide.

Basically, most SOEs are turning into joint stock companies, attracting more resources from the society. More importantly, the management of these enterprises has been publicized.

Some data show that in 2011 and the first quarter of 2012, the number of equitized SOEs is very modest. Why does the process slow down?

the decisive factor is the guidance of ministerial and local agencies, State groups and corporations is not drastic enough.

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Legal & VBF Liaison Committee Meeting (Members Only), Tu, May 8, 2012

When: Tue, May 8th 2012 5:00 pm to 6:00 pm
Where: Baker & McKenzie Offices (linked by videoconference), Saigon Tower, 12/F 29 Le Duan Boulevard, District 1, HCMC, Vietcombank Tower, Hanoi,

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