Petrovietnam bids for ConocoPhillips’ Vietnam assets

HANOI, Oct 31, 2011 (Reuters) – State oil and gas group Petrovietnam has bid for $ 1.5 billion of ConocoPhillips oil assets in the South China Sea, a senior Petrovietnam official said, its first formal move for the stakes in the disputed waters.

The Hanoi-based group plans to do its utmost to acquire the assets, Nguyen Tien Dung, Petrovietnam’s Deputy Chief Executive Officer, told Reuters on Monday.

“The investment is in our country, so we are determined, with our largest possible efforts, to buy,” Dung said.

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An Analysis of State-owned Enterprises and State Capitalism in China, 2011

Washington, D.C. Oct 26, 2011. The U.S.-China Economic and Security Review Commission released a new report, “An Analysis of State-owned Enterprises and State Capitalism in China.”

China’s breathtaking economic growth, has often led observers to assume that the country’s economic system has been transformed into a capitalist economy dominated by private enterprise. Although China’s reliance on private enterprise and market-based incentives has been growing, and the CCP’s treatment of private enterprises and entrepreneurs has been changing, it would be a mistake to minimize the current role of the State and the CCP in shaping economic outcomes in China and beyond. The Chinese government and state-owned enterprises (SOEs) remain potent economic forces. Indeed, some of China’s SOEs are among the largest firms in China and the world. They are major investors in foreign countries. They have been involved in some of the largest initial public offerings in recent years and remain the controlling owners of many major firms listed on Chinese and foreign stock exchanges.

Previous reports and analyses by academics and policy experts have estimated that Chinese SOEs, and other state-affiliated enterprises, hold a lower share of China’s non-agricultural GDP than that estimated in this report, which provides a comprehensive analysis of that country’s control and influence over its economic enterprises. This report tracks testimony heard by the Commission that China’s privatization reforms have, in some cases, reversed and that the state sector is strengthening.

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Truong Tan Sang elected State President of Vietnam

HANOI, Jul 26, 2011. Truong Tan Sang was elected Vietnam’s State President of the 2011-2016 tenure at the 13th National Assembly’s sitting on Monday afternoon with a vote of 97.4%.

Sang was born in 1949 in My Hanh Commune, Duc Hoa District in the Mekong Delta’s Long An Province. He has a bachelor degree in law.

In 1991, he was elected member of the Party’s Central Committee for the seventh Congress and served in this post for five consecutive tenures. He was member of the Politburo in four consecutive terms of the 8th, 9th, 10th and 11th congresses.

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How to control the market

July 15,2011. Automatic import licences, price declaration and restricted import of automobiles, liquor, telephones and cosmetics are merely administrative tools

The use of administrative tools to control the market by many State management agencies may bring some benefits, but it causes consequences that take a long time to deal with

Vietnam has adopted many policies as administrative orders to manage monetary fields such as interest rates, credits and exchange rates. This way of management has, however, helped stabilize the monetary market, especially interest rates.

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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 Jun 14: U.S. Export-Import Bank Chairman, Independence Day Family Picnic, Palooza

We, Jun 16 U.S. Export-Import Bank Chairman Fred Hochberg

Sa, Jul 3, 2010 American Independence Day Family Picnic

Th, Jul 8 AmCham Young Professionals Palooza Party at Hard Rock Cafe

PM Nguyen Tan Dung asked the central bank to implement measures to reduce interest rates

IMF says Vietnam’s reserves fall to 7 weeks of imports

U.S. Attorney General says more individuals to face bribery charges for violations of the FCPA

Events, Meetings, Activities, and Special Offers for Members

Mo-Su, Jun 14-27 Champs-Élysée Menu at Caravelle Hotel will offer modern diners a taste of the Caravelle’s culinary heritage. Throughout the 1960s and 1970s, the restaurant mostly highlighted only this Champs-Élysée menu with all French classics. The menu leads off with a foie gras, moves on to bouillabaisse and then offers up either a rouget or coq au vin.

Su-Th, Jun 13-17 Washington Doorknock Annual meeting in Washington DC with leaders of the U.S. Government Executive Branch (White House, State, Treasury, Commerce, Homeland Security, U.S. Trade Representative, etc.) and Legislative Branch, both the Senate and the House of Representatives, to discuss issues in U.S. relations with the Asia Pacific region and countries.

We, Jun 16 U.S. Export-Import Bank Chairman Fred Hochberg Learn how the U.S. Export-Import Bank can support your sales of U.S. exports to Vietnam.

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Weekly Update May 17: Travel Warning: Thailand, Voter Registration, Palooza, Members Night

U.S. State Department Travel Warning: Thailand The Department of State warns U.S. citizens traveling to and residing in Thailand of ongoing political demonstrations and unrest.

U.S. Govt Web Site for Overseas Voters: Online Voter Registration & Ballot Delivery

Mo, May 24 Registration Deadline for U.S. Department of State Foreign Service Officer Test

We, May 26 AmCham Young Professionals Palooza Party

Th, May 27 (HCMC) Vietnam Environmental Forum: A Conference of Solutions Backed by American Technology

Th, Jun 3 AmCham Members Night and Networking Cocktail Reception

Su-Mo, Jun 6-7 World Economic Forum on East Asia: Rethinking Asia’s Leadership Agenda

Su-Th, Jun 13-17 Washington Doorknock

Sa, Jul 3, 2010 American Independence Day Family Picnic

Events, Meetings, Activities, and Special Offers for Members

May 17 – 23 Come and enjoy Duck Liver menu at Reflections Restaurant, Caravelle Hotel This is a true indulgence, a range of specially created dishes designed to appeal to real food-lovers.

May 18 – 21 Park Hyatt Saigon welcomes Chef Pedro De Artagao from Rio de Janeiro, Brazil, to Square One Restaurant, where he will present Brazilian specialties on lunch and dinner menus.

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Weekly Update Jun 16: Direct Selling Committee, Business Mission, Independence Day

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

Mo, Jun 16 How competitive is your compensation strategy? Directly shape trends in the market … Navigos Group’s Salary Survey 2008. Following the successful run of last year’s 2007 Salary Survey, Navigos Group is now gearing up for the Vietnam Salary Survey 2008, which opens its doors for participants starting on April 14 to July 12, 2008. We have amended our schedule further this year to coincide with your needs better as you have told us. Put your company in the position to directly shape trends in the market, and especially in your industry.

Mo, Jun 16 Direct Selling Committee Meeting. with special guest Ms. Tamuna Gabilaia, Executive Director of the World Federation of Direct Selling Associations, who will be in Vietnam for the APEC/CEPI conference in Ha Long Bay, June 19-20.

We, Jun 18 Welcome reception for U.S. Commerce Assistant Secretary Hernandez and Business Mission with U.S. companies that represent a diverse cross-section of U.S. industries with a strong interest in doing business in Vietnam. Click the link for information on the mission and to register for the event.

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