Posts

ADB: policy tightening will lower inflation

Sep 15, 2011. The Asian Development Bank (ADB) on September 14, recommended that Vietnam continue to maintain its tightened policy in order to lower inflation.

In its Asian Development Outlook 2011 Update (ADO Update), the ADB said Resolution 11, a comprehensive policy package, has made good initial progress by helping the exchange rate to stabilise, allowing foreign reserves to be replenished, and lowering monthly inflation outcomes during June – August.

GDP growth quickened in 2010, supported by recovery in exports and an accommodative monetary policy. Inflation hit double-digit rates by year-end, and the currency slid. Moving to restore macroeconomic stability, the authorities in February 2011 unveiled comprehensive measures including tightened fiscal and monetary policies. Partly as a consequence, economic growth is forecast to moderate this year, then pick up next year. Inflation is seen subsiding late in 2011 and further in 2012. The immediate challenge is to follow through on the policy tightening; the longer-term one is to reinvigorate structural reforms.

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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 July 5: Palooza, Project 30, Overseas U.S. Voters Registration

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

Project 30: Administrative Procedures Reform: Update (Jun 15, 2010)

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

Events, Meetings, Activities, and Special Offers for Members

Th, Jul 8 AmCham Young Professionals Palooza Party at Hard Rock Cafe AmCham Vietnam in HCMC and the Hard Rock Café want to maintain a standard of excellence for the events that we provide, which is why we have scheduled a special summer Palooza Party on July 8 at 6pm, once again at the Hard Rock Café, to make up for the “power blackout” at the May 26 event. Please join us on July 8 for an extra special Palooza.

In June, Park Hyatt Saigon proudly presents the new resident entertainer Nally Jay, a well-celebrated performer from Australia. While being entertained by her enchanting voice, you are invited to indulge in the latest wine selection from New Zealand, Craggy Range, which has gained a reputation from its rich history and dedication to producing exceptional wines.

Jun 16 – Sep 30, Drink and Win at Sheraton Saigon Hotel For every signature Grey Goose cocktail or bottle purchased, you stand a chance to win a brand new Honda SH Scooter or a 32GB iPAD with 3G.

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Weekly Update Jun 28: Independence Day Family Picnic, Palooza

Sa, Jul 3, 2010 American Independence Day Family Picnic

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

New Push on U.S.-Korea FTA? Stalled since 2007

Vietnam’s Apparel Export Growth

HCM City Needs Integrated Transportation System

Vietnam’s Ongoing Electric Power Crisis Undercuts Development

Events, Meetings, Activities, and Special Offers for Members

US Independence Day - Banner
Limited to 650 AmCham Members and their Guests. Click the banner for details and to register on line now to reserve your tickets. Then come to AmCham office to pay and receive tickets (and official AmCham Independence Day shirts and other gift items) by Wed, Jun 30.

Su, Jul 4, American Independence Day at Legend Hotel Saigon Celebrate the birthday of the United States of America with Saigon’s most spectacular buffet including traditional gourmet dishes and live entertainment by the four-member Jamm’n Essence Band.

Th, Jul 8 AmCham Young Professionals Palooza Party at Hard Rock Cafe AmCham Vietnam in HCMC and the Hard Rock Café want to maintain a standard of excellence for the events that we provide, which is why we have scheduled a special summer Palooza Party on July 8 at 6pm, once again at the Hard Rock Café, to make up for the “power blackout” at the May 26 event. Please join us on July 8 for an extra special Palooza.

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Weekly Update Apr 26: Palooza Party, Reunification Day, International Labour Day,

We, Apr 28 Young Professional Palooza Party

Fr, Apr 30 Southern Liberation Day (VN Holiday)

Mo, May 3 International Labour Day (VN Holiday)

Events, Meetings, Activities, and Special Offers for Members

Come stay with your family at our direct beach resorts Evason Ana Mandara Nha Trang or Six Senses Hideaway Ninh Van Bay Summer is a great holiday that your family can spend together. Make it a memorable stay. Our unique “Family Summer Holiday” promotion is valid from now until Aug 31, 2010 with an attractive all-in price.

Legend Hotel Saigon Weekend Getaway Package Available from Apr 23 until Jun 27, 2010 only for Vietnamese people and expatriates residing in Vietnam, the package is priced at only VND 1,881,000++ (US$ 99++) for single or double occupancy in a Deluxe Room for the first night, VND 1,661,000++ per night for following nights and VND 1,661,000++ per night for an additional room with several special benefits.

Enjoy Pasta, Pizza, Vino on Saturday Nights at Opera, Park Hyatt This May, every Saturday, free flow of red and white wine will be served with unlimited choice of antipasti platter with assorted house specialties, plus four different styles of pasta, pizza, and desserts prepared by Chef Michele at Opera.

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Weekly Update Feb 22: Breakfast with Tim Love, Price Controls?

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

Tu, Feb 23 Breakfast with Tim Love, CEO Omnicom’s Asia Pacific India Middle East Africa

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

The newest addition to the Park Hyatt Saigon is the “2 Lam Son” bar. A stylishly designed bar by internationally renowned interior design firm Super Potato from Tokyo, 2 Lam Son is the city’s latest social venue, designed to appeal to those who live and enjoy a modern lifestyle.

Tu, Feb 23 Breakfast with Tim Love, CEO Omnicom’s Asia Pacific India Middle East Africa Omnicom is a leading worldwide marketing and communications services company. Tim is responsible for helping Omnicom and its clients be more collaborative and effective at global brand-building, areas in which his own background and expertise make him particularly well suited for the challenge. His experience is diverse and extensive, providing him with the unusual perspective of a true citizen of the world.

We-Sa, Apr 14-17, APCAC Spring Conference – Beijing, China Whether you live in Beijing or Bangladesh, Seoul or Singapore, what happens in China impacts your business. The China-ASEAN Free Trade Area, China’s outbound FDI, and Internet phenomena such as Taobao and Baidu all greatly impact the Asia-Pacific economy. Every year, the Asia-Pacific Council of American Chambers of Commerce (APCAC) hosts a meeting that highlights investment opportunities, macro-economic trends, political and social developments, and offers opportunities to engage with business and government leaders from the region.

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Weekly Update Oct 13: Consumer Trends, Idaho Gov Trade Mission, US-VN Investment Treaty

Weekly Update Feb 25: Members Lunch: Office Rents, WatsonWyatt – Total Rewards Survey

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

Th, Feb 28 Grade A office rents in HCMC to reach US$ 100/sqm. Can you afford it? Rising office rents (along with everything else) affects all of us, whether your company is in a shop house or a Grade A office tower. Savills Vietnam believes Grade A rents will top US$ 100 per sqm in the next 2 years. Have you planned for this in your budgets? Come find out where the market is going and decide how it affects your business.

SMART HR and Watson Wyatt announce 2008 Vietnam Total Rewards Survey, which provides significant insights into market practices that are very useful for companies to determine compensation and benefit packages. Participation will enable you to benchmark against others in major industries in Vietnam; validate information on market practices and trends; design competitive compensation and benefit packages; become eligible for attractive participant rates, and more.

Sa, Mar 8 International Women’s Day (Cultural Day) In Vietnam today, the International Women’s Day tradition sees men and boys honoring their mothers, wives, girlfriends, colleagues, etc with flowers and small gifts. In some countries IWD has the equivalent status of Mother’s Day where children give small presents to their mothers and grandmothers.

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