Minimum Wage Increase Will Fuel Domestic Demand and Consumption: National Assembly Deputy Chairman

VIR, Oct 23, 2012. The National Assembly’s (NA) 13th Legislature’s fourth session was launched on October 22, 2012 looking for solutions to help unclog the economy. NA deputy chairman Nguyen Si Dung said not delaying the minimum pay hike would be one of most effective solutions in current context to fuel demand.

In the previous session, the NA ratified a bailout package worth VND29 trillion ($ 1.4 billion) for corporate support. However, firms going bust kept constantly rising. Will the NA reconsider this bailout package or propose new ones?

In my personal forecast, the economy may only expand around 5 per cent this year on the back of very low aggregate demand at home and abroad. Hence, striving to fuel demand should be put at foremost importance when it comes to seeking effective remedies rather than stimulating credit growth. Credit expanding in the face of sinking demand could not help firms get out of difficulties.

Boosting demand is crucial. Hence, delaying salary hikes will not be a smart move in the current context since with increased salaries, people will be more willing for spending to bolster consumption.

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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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Wed, Mar 7 University of Chicago • Executive MBA Information Session

When: Wed, Mar 7, 2012 6:00 pm to 8:30 pm
Where: Park Hyatt Saigon Hotel, 2 Lam Son Square, District 1, HCM City

Find out how you can earn a world-class MBA degree from one of the top US business schools in the world at the Asia Campus in Singapore and still work at the same time.

And discover how you can be a part of more than 45,000 alumni around the globe, including some 5,500 CEOs and top officers of firms worldwide.

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13th National Assembly’s first session, Jul 21 – Aug 3, will focus on personnel

Jul 14, 2011. The first session of the 13th National Assembly will open on July 21 and close on August 6, focusing on the legislative body’s organisation and personnel work.

This information was released during a meeting chaired by Party General Secretary and NA Chairman Nguyen Phu Trong in Hanoi on July 14 on preparations for the session.

According to head of the NA Office Tran Dinh Dan, during the session, the NA will elect its Chairperson and Vice Chairpersons of the NA, and members of its Standing Committee, the State President and Vice State President, the Prime Minister, the Chief Judge of the Supreme People’s Court, and the Head of the Supreme People’s Procuracy, as well as approve government members.

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Weekly Update Mar 28: Palooza Party @ Bernie’s, Business Networking Night @ Bitexco Financial Tower


We, Mar 30 Young Professionals Palooza Party @ Bernie’s Bar & Grill
Th, Mar 31 Business Networking Night @ Bitexco Financial Tower (rescheduled)
Tu, Apr 5 How to Meet U.S. Food & Drug Administration Import Requirements
Tu, Apr 5 Cloud Computing: Opportunities and Challenges in Vietnam
We, Apr 6 Total rewards strategy for a diverse, intergenerational workforce
Sa, Apr 9 4th Annual Vietnam-U.S. Education Conference
Mo-Tu, Apr 11-12 Hung Kings’ Festival
We, Apr 20 Developing an Anti-Corruption Compliance Program
Th, Apr 21 A Strategic Approach to Employee Communications
Southern Key Economic Region: Ports, Industrial Parks, and Other Infrastructure
Asia Development Bank: “Skills Enhancement Project” Loan to Vietnam, 2010-2016

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Weekly Update Sep 6: Pre-employment Screening, AmCham Scholarship, ADB Projects, Credit Guarantees

Tu, Sep 7 Pre-Employment Screening in Vietnam

Tu, Sep 7 Legal & VBF Liaison Committee Meeting

Sa, Sep 25 AmCham Scholarship 2010 Information Session

Tu, Sep 28 ADB Finance/Development Projects in Vietnam and the GMS

Tu, Sep 28 Business Networking: Credit guarantees for agricultural imports from the USA

We, Nov 10 International Product Safety & Restricted Substances Conference

Vietnam and the TPP Trans-Pacific Partnership Trade Agreement

Southern Key Economic Region: Ports, Industrial Parks, and Other Infrastructure

Project 30: Administrative Procedures Reform: Update (Jul 20, 2010)

Two Web Sites for Overseas U.S. Voters: Online Voter Registration & Ballot Delivery

Events, Meetings, Activities, and Special Offers for Members

Mo, Sep 6 U.S. Labor Day is celebrated on the first Monday in September. U.S. Government offices closed. Click the link to learn more about this holiday, and links to a list of all Vietnamese and U.S. holidays.

Mo-Su, Sep 6-12 “Pain Perdu” Brioche at Caravelle Hotel Encountering the epitome of perfection with choices of toppings. VND 118,000 ++/ person.

Tu, Sep 7 Pre-Employment Screening in Vietnam Over 96% of HR professionals in the U.S. report that their companies do pre-employment checks of new employees, up from 66% in 1996.

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Weekly Update Mar 15: Logistics/Supply Chain Management, Project 30, Palooza Party

Latest updates on H1N1/A Flu from U.S. Center for Disease Control, U.S. Department of State (Travel), and World Health Organization (WHO)

Thu, Mar 18 Value Added Tax for International Transportation Operations.

We, Mar 31 Young Professionals Palooza Party at Purple Jade, Intercontinental Asiana Saigon

Fri, Apr 2, Project 30 (Round 2) Final Review Working Session

We-Sa, Apr 14-17, APCAC Spring Conference – Beijing, China

Mo-Tu, Apr 19-20 Asia/Pacific Business Outlook 2010 – Los Angeles

Events, Meetings, Activities, and Special Offers for Members

Mo-Su, Mar 8-21 Exquisite Wine Menu with a Difference at the Caravelle Hotel Wine aficionados can look forward to enjoying one of the largest wine-by-the-glass offerings in town, from a choice of over 30 labels from a myriad of wine producing regions around the world: Australia, Argentina, California, Chile, France, Italy, Germany, New Zealand and Spain

Thu, Mar 18 Value Added Tax for International Transportation Operations. MOF received suggestions from members of VIFFAS requesting for guidelines about VAT for International transportation. After consolidating opinions from participants MOF drafted a proposal letter guiding about VAT for International transportation and services for International transportation. Mr. Ta Hong Thai, Partner, Tax & Corporate Services, KPMG Vietnam, will provide the latest update information regarding the circular, potential burdensome administrative requirements and feedback to the ruling. Read more and register online.

Thu, Mar 18 University of Hawaii Executive MBA in Ho Chi Minh City – Information Session Vietnam citizens or foreign nationals living in Vietnam, with an average of 5 to 10 years work experience, are invited to attend a free-of-charge information session: University of Hawaii and its international recognition; UH Shidler College of Business and its AACSB accreditation; program curriculum and our distinguished teaching faculty; admissions requirements and application procedures.

Thu, Mar 25 Landon Carter Schmitt Memorial Fund Inauguration Friends and family of Landon Carter Schmitt and the Global Community Service Foundation will celebrate Landon’s life and compassionate spirit with the HCMC launch of the Landon Carter Schmitt Memorial Fund.

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