Local High School Partners with American University to Offer Certified Courses for College Credit

International School 1U.S. Consul General An Le and the International School Ho Chi Minh City (ISHCMC) – American Academy announced that the school had been accepted into the prestigious Syracuse University Project Advance (SUPA) program. This is the first time this program has ever been offered outside of the United States and is the first program of its kind in Vietnam. The SUPA program allows high school students to get a head start on their university careers by offering them certified Syracuse University courses during their regularly scheduled high school day.

“Today, I am very pleased to participate in the announcement of a new academic partnership that will allow high school students studying in Vietnam to earn credits from a well-known and respected American university” said U.S. Consul General An Le. “This exciting partnership between the Syracuse University Project Advance program and the International School of Ho Chi Minh City-American Academy will enable students to earn an American university degree faster and more affordably.”

International School 2The SUPA program has been offered in the United States for 38 years and has over 8,000 high school students enrolled. SUPA course credits are easily transferrable to over 1,000 universities in the United States, making it a desired program for anyone wishing to study abroad in the U.S.

“We are thrilled to be able to offer a program of this caliber to our students” said Jeff Wornstaff, Superintendent of ISHCMC – American Academy. “This program not only helps high school students achieve their university degrees in a shorter amount of time but also exposes them to university courses now so that they are better prepared for the work ahead of them.”

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Stanford University Hospitals & Clinics • International Medical Services

The International Medical Services (IMS) program is committed to providing international patients and their families with the highest quality medical care and support services to ensure a pleasant experience at Stanford Hospital & Clinics.

Stanford Medicine is internationally recognized for its tradition of medical innovation and leadership in many different specialties. Every year, patients from around the world travel to Stanford to benefit from the most advanced treatment options currently available.

Our state-of-the-art care is matched by our commitment to service. We offer a caring, individualized approach, focused on meeting the special needs of our patients and their families – before, during, and after their visit to Stanford.

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Vietnam Must Avoid a Premature Easing of Policy, IMF Says

Oct. 5 (Bloomberg)—Vietnam may undermine efforts to stabilize the country’s economy and currency if it prematurely eases monetary policy, the International Monetary Fund said, as the nation fights the fastest inflation in Asia.

“The risk is that all the hard work they’ve done this year in trying to re-establish their stabilization credentials and to try to convince the population that they have the discipline needed to push through with the macro stabilization program gets undone,” Benedict Bingham, the IMF’s senior resident representative in Vietnam, said in an interview yesterday.

At stake is Vietnam’s struggle to regain investor confidence hurt by inflation that’s exceeded 20 percent, a widening trade deficit and the near-bankruptcy of the nation’s largest shipbuilder, which signaled risks in the banking industry. Its currency is Asia’s weakest performer against the dollar this year after India’s rupee.

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Univ of Hawaii Exec MBA in HCMC – Info Session, July 20, 2011

University of Hawaii Executive MBA in HCM City


Who: Executives interested in a world-class Executive MBA in HCMC
What: Executive MBA Information Session
Cost: No cost – Free of Charge for interested executives
When: Wed, Jul 20th 2011 6:00 pm to 8:00 pm
Where: 3rd Floor, PVC-Saigon Building, 11 bis Nguyen Gia Thieu Street, Dist. 1,

Topics to be discussed:

• University of Hawaii and its international recognition
• UH Shidler College of Business and its AACSB accreditation
• Benefits of getting a world class US MBA while in Vietnam
• Program curriculum and our distinguished teaching faculty
• Admissions requirements, application procedures, IELTS, TOEFL

Register to attend (free of charge – no cost)

Please click here to Register by email immediately,
Or phone to Mr. Phan Ngoc Thanh, Director of Marketing and Recruitment
(08) 3933-3033 or 091-851-5031 (mobile)

Key Program Features

Highly Ranked The University of Hawaii Shidler College of Business is renowned for its expertise in international management and ranked among the top 25 graduate schools in the US for international business by U.S. News & World Report.

AACSB accredited The only AACSB-accredited MBA Program in Vietnam, which assures a high-quality, relevant, and internationally-recognized MBA.

Top Faculty All classes are taught in Vietnam by University of Hawaii Faculty, who travel to Vietnam to deliver their instruction and course material face-to-face. Faculty use a variety of interactive teaching formats and methods designed to engage and challenge experienced business leaders.

Asia-Pacific Focus A pioneer among U.S. business schools in international business, the University of Hawaii distinguishes itself through its focus on the Asia-Pacific Region. The Shidler School of Business’s faculty have a research-based, in-depth knowledge of Asia-Pacific issues and practices.

Extensive Alumni Network There are more than 25,000 University of Hawaii Business School Alumni in 40 countries around the world. The Vietnam Executive MBA program has been in operation in Hanoi since 2001 and has developed a senior alumni network across the country.

Flexible Schedule Executive MBA classes are scheduled conveniently at night and on weekends to allow busy professionals to attend classes, and to continue working full time, while achieving an MBA degree in 22 months.

Convenient Location Classes are held in modern facilities in Ho Chi Minh City (District 1) and Hanoi, major centers of commerce, finance, culture and tourism in Vietnam.

Rigorous Curriculum Faculty and curriculum that challenge students to solve complex business problems in a global environment, apply strong analytical and strategic thinking to multifaceted business issues, and to develop sophisticated management skills.

Diverse Executive Students Vietnam citizens or foreign nationals living in Vietnam are welcome to apply, with classes typically made up of 40 – 50 students from around the world, with an average of 5 to 10 years of work experience.

University of Hawaii Executive MBA Program
3rd Floor, PVC-Saigon Building, 11-bis Nguyen Gia Thieu Street, D. 3, HCMC, Vietnam
T: +84 (0) 8 3933 3033
M: +84 (0) 918 515 031
Email: [email protected]

10 misconceptions that increase the likelihood of FCPA violations

Chicago, Apr 14, 2011. With the increase in litigation over the last four years around the 30-year-old Foreign Corrupt Practices Act (FCPA) putting a spotlight on bribery among public officials in foreign jurisdictions, consultancy Grant Thornton has teamed with enterprise risk specialist EthicsPoint to create a paper that looks at 10 common misconceptions that can increase the likelihood of corporate FCPA violations.

“The large number of FCPA cases and the formation of specialized FCPA units within Federal agencies, suggest that this is a long-term initiative for regulators,” said Bill Olsen, Grant Thornton economic advisory service principal and the firm’s FCPA practice leader. “While working with our clients to address issues in this area, we have observed that many multinational organizations are especially interested in tactics that will fully address their FCPA risks.”

“Organizations doing business globally usually have a robust ethics and compliance program in place,” said David Childers, president and CEO of EthicsPoint. “Having a management-supported program visible in the organization helps show a company’s commitment to conducting business correctly — and can reduce potential penalties.”

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UNIVERSITY OF HAWAII Executive MBA in HCM City – Information Session, Apr 13, 2011

University of Hawaii Executive MBA in HCM City

When: 6:00 pm to 8:00 pm, Wednesday, Apr 13, 2011
Where: 3rd Floor, PVC-Saigon Building, 11-bis Nguyen Gia Thieu, D.3, HCMC


Who: Executives interested in a world-class Executive MBA in HCMC
What: Executive MBA Information Session
Cost: No cost – Free of Charge for interested executives

Topics to be discussed:

• University of Hawaii and its international recognition
• UH Shidler College of Business and its AACSB accreditation
• Benefits of getting a world class US MBA while in Vietnam
• Program curriculum and our distinguished teaching faculty
• Admissions requirements, application procedures, IELTS, TOEFL

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Weekly Update Dec 29: Ambassador’s Education Conference, Dalat Winter Weekend, Wedding Bell Blues

Keep up-to-date about U.S.-Vietnam trade and investment with Weekly Updates.

Upcoming Events and Activities

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

Dec 15, 2008 – Mar 31, 2009, The Nam Hai, Hoi An: Exclusive Rates for Local Residents. The Nam Hai, winner of Travel and Leisure’s Best Resort Design 2008 and nominated to the Conde Nast Hot List, is offering an exclusive rate for AMCHAM Members from December 15, 2008 to March 31, 2009. Situated on 85 acres on the Central Coast of Vietnam, this beach front exclusive all-villa resort features 60 one-bedroom villas and 40 pool villas ranging from one to five bedrooms.

New Year''s - Moet et Chandon at the Caravelle HoteWe, Dec 31, celebrate New Year’s Eve at the Caravelle Hotel. Reflections is offering an eight-course extravaganza in its Champagne Celebration Menu. Whether you opt for the 8-course Epicurean Dinner Enchantment or the 8-course Champagne Celebration, a bottle of Moet & Chandon is part of the package, as are special party sets for New Year’s Eve.

Megan Burtt at the Park Lounge, Park Hyatt SaigonMegan Burtt at the Park Lounge . Park Hyatt Saigon is delighted to introduce Megan Burtt from Colorado, USA, who will provide live entertainment in the Park Lounge every evening (except Tue) until 12 Jan 2009.

We, Jan 14 Members Lunch: Vietnam 2020 – Solutions for Large Scale Infrastructure and Real Estate Development. Help make history. Presenters will give a macro and microcosmic understanding of why it is important to document tangible development indicators in Vietnam such as city foundation essentials (roads, bridges, and waterways) and burgeoning urban centers (residential and office buildings). The idea of bridging the past, present, and future of Vietnam using new media technologies such as websites, high definition video and live, on-demand video and photo images will be presented to the participants for consideration to achieve the government’s vision for a developed and modern Vietnam by the year 2020.

Th, Jan 15 INTEL Vietnam Study Abroad Program: Application Deadline Jan 15, 2009 Intel Products Vietnam is pleased to announce the Intel Vietnam Study Abroad Program – the 2009-2011 Scholarship program to study at Portland State University (PSU), USA. The program is two-fold: A U.S. education experience and an engineering career with Intel in Vietnam. Intel will sponsor up to 40 current Third-year Engineering students from select universities to complete their Bachelor of Science degrees in either Electrical or Mechanical Engineering at Portland State University (PSU). Upon graduation, the students will return to Ho Chi Minh City to begin exciting engineering careers with Intel at our new facility.

Th-Fr, Jan 15-16: Ambassador’s Education Conference in HCM City. Registration Deadline Dec 15, designed to bring together representatives from American universities, colleges, companies, and NGOs active in higher education in Vietnam and representatives from Vietnamese universities and colleges to explore partnership successes and map out future partnership strategies. Please register early, since space is limited.

Fr-Su, Feb 13-15 Dalat Winter Weekend and Roundtable discussion of key issues for U.S.-Vietnam trade and investment in 2009. Join AmCham Governors and other members for a networking weekend, with excursions, golf tournament, and spa. The Sofitel Dalat Palace epitomizes the seductive charm of Dalat. It is one of the few remaining historical hotels in Asia, and offers the finest in European atmosphere, amenities and service. Spaces are limited, so early registration is advised.

All upcoming events …

News and Issues Updates

U.S. Retail Sales Plummet, Down 5.5% in Nov, 8% in Dec “There has been a major contraction in consumer spending,” said Michael McNamara, vice president of research and analysis for MasterCard Advisors. Luxury goods, once considered immune from economic turmoil, were hardest hit. Including jewelry sales, the luxury sector plunged by a whopping 34.5%.

U.S. Retailers Brace for Major Change The good news for U.S. retailers is that 2008 is almost over. The bad news: 2009 could be worse. Many retailers are rethinking how they do business, as others prepared for a large number of bankruptcies and store closures, a reduced number of suppliers, less selection, and shorter lead times.

India’s Textile Industry Unravels Textile factories are among the country’s first manufacturing businesses to suffer as American and European clothing retailers slash orders amid slumping consumer spending. India’s second-largest employers after agriculture, textile concerns employed 35 million workers last year. But the companies have already shed 700,000 jobs this year and at least 1.2 million textile employees are expected to be out of work by March.

Hard-up firms given double boost: Beijing allows delay in social security payments The Federation of Hong Kong Industries estimated that one in four Hong Kong processing factories would have folded by the end of the year. It said 55,200 Hong Kong plants in the Pearl River Delta employed about 9.8 million migrant workers.

HCM City hotels to cut rates up to 30% to attract visitors Vietnam Airlines would discount fares by 30% for guests from key markets to create a strong promotion program.

IMF: Vietnam’s economy is facing challenges, needs continued reforms, data quality, communication After accelerating in 2007, growth momentum eased over the course of 2008, as the government sought to stabilize an overheating economy. While the government made commendable progress in stabilizing the economy, Vietnam has recently begun to experience adverse effects from the global economic slowdown. These external challenges are compounded by domestic challenges stemming from a large current account deficit, as well as weaknesses in the banking and corporate sectors.

Mapletree to build business park in Binh Duong; strategic real estate development The AmCham Singapore company will build a US$ 400 million business park (75 hectares) and a US$ 110 million modern warehousing space (420,000 square meters).

Property market to remain stagnant for some time: experts There are few buyers even though land prices in some districts have dropped as much as 60% since January. Prices of apartments in District 7’s Phu My Hung have also dropped about 30%. The HCMC Real Estate Association Chairman said the city property market can only recover at the end of 2009.

U.S. manufacturers cut jobs, pay amid downturn Compensation for one company’s most senior executives will be cut by as much as 50 percent, while pay for senior managers will be reduced 5 to 35 percent, and other management and support staff will see cuts of up to 15 percent.

Vietnam devalues currency The central bank set the dong midpoint at 16,989 per dollar, from 16,494 on Dec 24 after a two-day cabinet meeting in HCM City at which Prime Minister Nguyen Tan Dung said “The year 2009 will be tougher than 2008, as we will be faced with a strong impact from the global economic downturn.”

Hard times bring wedding bell blues to apparel factory workers The global economic slowdown has resulted in a dramatic slump in orders from overseas customers of Vietnamese factories and thousands of workers have either been stood down or had their hours cut. So they try to make their weddings as simple as possible. Despite their efforts, almost all factory workers are haunted by wedding debts.

Prime Minister requests harmonious labor relations, stable investment environment, social order Action Plan for the implementation of Directive No. 22-CT/TW dated 05 June 2008 of the Secretariat of the Central Committee on enhancing leadership, providing direction for the development of harmonious, stable and progressive labor relations within enterprises.

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

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.

Presentation: Vietnam’s New Personal Income Tax – (c) Deloitte (used w/ permission)

Online Membership Directory Looking for information on AmCham members? Click here to browse the Online Membership Directory for information about and contact points for our 400 member and associate companies, and about 800 representatives. Also with links to their company web sites for even more information about American and international businesses in Ho Chi Minh City.

Benefits and Services Review AmCham benefits and services and learn how you can benefit from Networking Online, with about 100,000 visitors and 250,000 page-views per month to

Your announcement in AmCham’s Weekly Update email Early each week, AmCham’s Weekly Update email goes out to nearly 800 representatives of over 400 AmCham member and associate companies, plus thousands of subscribers in Vietnam, Singapore, Japan, and the USA. We welcome event announcements that are of interest to our business readers.

Computing Tips from the AmCham Webmaster

Not receiving AmCham’s weekly update emails? Then, please check your spam of junk mail folder. To insure that you receive all future communication from AmCham, please add our email address to your address-book and to your “safe list” or “white list” (if applicable).

Weekly Update emails are sent from [email protected], If you use a SPAM Filter please add this address email address book or “Whitelist.”

Please click this link if you want to update your email address.

Keep up-to-date about U.S.-Vietnam trade and investment with Weekly Updates.

Weekly Update May 12: REACH, Members Night, Roundtable on IPR, US-VN Trade Relations

Keep up-to-date about U.S.-Vietnam trade and investment with Weekly Updates.

Upcoming Events and Activities (next two weeks)

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

We, May 14 (Hanoi) and Fr, May 16 (HCM City) Seminars on REACH: Registration, Evaluation, Authorization and Restriction of Chemicals, which enters into effect from June 1, 2008. This new regulation (EC1907/2006) is to better protect human health and the environment from the negative effects of chemical substances. Manufacturers and suppliers will need to comply with it by knowing what chemical substances are in their products and registering these chemical before placing them on the EU market. REACH affects not only chemical manufacturers, but also product manufacturers, distributors, retailer and importers that import, manufacture or place products on the EU market. Click the link for more information and registration.

We, May 14 Request for Comments on DRAFT Prime Minister’s Decree on FDI Enterprises Payment of Trade Union Fee The Ministry of Planning and Investment has requested that AmCham collect suggestions from member companies with foreign investment regarding the rate / percentage to pay trade union fee allocated from the salary fund and basis/ reason for the recommended rate. Click the link for more information and to complete an on-line survey of suggestions.

Th, May 15 Members Night. Introductions and brief from the U.S. Consulate General, updates on key issues. Cocktail reception with networking opportunities with over 150 members. Spouses and guests are we!come and encouraged to attend!

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