Chad Ovel New 2020 Chairman of AmCham Vietnam-Ho Chi Minh City

Ho Chi Minh City, May 25, 2020, the American Chamber of Commerce in Vietnam in Ho Chi Minh City (AmCham Vietnam-HCMC) would like to update you on an item of significant news related to our business chamber.

Chad Ovel, currently AmCham Vietnam-HCMC Vice Chairman and Mekong Capital Partner, has been elected as the new 2020 Chairman of AmCham Vietnam-HCMC, effective on June 1.  Current Chairwoman Amanda Rasmussen will step down from her role as Chairwoman as she has accepted a new position in Europe and will be moving with her family to Denmark.  Mary Tarnowka will continue in her role as Executive Director.

Chad Ovel has lived and worked in Vietnam continuously since 1996. Chad is a Partner at Mekong Capital, a Vietnam-focused Private Equity firm, specializing in consumer driven businesses. Established in 2001, Mekong Capital has the most extensive private equity track record in Vietnam having completed 35 private equity investments, of which 26 have been fully exited. Chad has led Mekong Capital’s successful investments in various sectors including pharmaceuticals, real estate, logistics, casual dining and retail. Before joining Mekong Capital, Chad had a successful track record as a CEO leading the rapid growth of ScanCom Vietnam, a foreign-owned furniture export manufacturing business, and AA Corporation, a local company operating in the sectors of construction, retail and manufacturing. Chad is originally from Cedar Rapids, Iowa.  He holds a BA from Carleton College and an MBA from University of Chicago.

Chad Ovel shared that “I appreciate the trust and support of my Board of Governor colleagues and am honored to be elected as the 2020 Chairman of AmCham Vietnam-HCMC for the remainder of the year.  I will continue AmCham’s mission to support our members by promoting the U.S. Vietnam trade and investment partnership and serving as the voice of American business in Vietnam.  AmCham Vietnam-HCMC is already one of the largest foreign business associations in Vietnam, with more than 500 corporate and over 1500 individual business representative members, and over 2000 members when combined with our branch in Hanoi, AmCham Hanoi.

AmCham is grateful to the Vietnamese government for its impressive and transparent management of the COVID-19 outbreak in Vietnam, which enables

Vietnam to become one of the first economies in the world to reopen and begin its economic recovery.  AmCham wants to partner with the Vietnamese government to support Vietnam’s economic recovery.

AmCham has welcomed the opportunity to provide policy recommendations on behalf of our members to the Vietnamese Government for consideration in its policy response, both at the provincial and national level.  Thanks to generous contributions from our members, we have been proud to contribute to the HCMC government’s COVID-19 response, with a donation of 250,000 surgical face masks in March to the Department of Health, and a donation of a DNA/RNA extractor on May 15 to the Center for Disease Control.

We are determined to make AmCham the most influential, strategic business organization in Vietnam, driving innovation and sustainable growth, and helping our members succeed in Vietnam.  We are open to U.S., Vietnamese, and international companies and aspire to be a community you want to join.

AmCham provides professional networking, business intelligence, advocacy, and business promotion opportunies to our members and holds a wide range of events, both physical and virtual, supporting our members throughout Vietnam, and around the world.

I want to thank our outgoing Chairwoman Amanda Rasmussen for her outstanding contributions both as 2019 and 2020 Chairwoman, and throughout her 17-year career in Vietnam in many roles at AmCham, including as Founder and original Chair of the Logistics and Supply Chain Committee, and as one of our long-term contributors to the planning team for AmCham’s amazing Governors Balls which raise funds for AmCham’s flagship scholarship programs, AmCham Scholars and Women in Engineering.  Amanda’s strategic leadership and mastery of logistics is legendary.  We congratulate Amanda and wish her the best as she begins her new position.  She will be dearly missed by the AmCham team and the AmCham community.”

Amanda Rasmussen shared, “Vietnam has been my second home, where I have lived and worked for most of my adult life, and where my family and I have created  not only an exciting and rewarding life, but a home as well.  And AmCham is in many ways another family to me.  AmCham business leaders provided invaluable mentoring to me as I started out in my career, and key professional insights and a network of support as I moved up through the ranks.

It was my honor to give back to the AmCham community, serving as the 2019 and 2020 Chairwoman, and to mentor a new generation of leaders.  I am proud of what we have accomplished together with AmCham becoming an even more dynamic, strategic, and influential organization, transparently representing and advocating the priority interests of our members.  And at the same time, remaining a real community for professional networking, support, and friendship for our members.  I am incredibly sad to be leaving.  At the same time, I am excited about my new professional opportunity.  Vietnam and AmCham Vietnam-HCMC will always hold a special place in my heart.”

 

Check our Press Release:

 

ABOUT AMCHAM

AmCham Vietnam-HCMC is one of the largest and most influential foreign business associations in Vietnam, with over 500 corporate members and over 1500 business representatives, representing U.S., Vietnamese, and multinational large, small, and medium enterprises, as well as individual entrepreneurs.  AmCham is a non-governmental, non-profit, and non-partisan organization that exists to serve our members with the mission of promoting trade and investment between the United States and Vietnam and serving as the voice of American business in Vietnam.  AmCham aims to be the most strategic and influential business association in Vietnam, driving innovation and sustainable growth.  A community you want to join!

EXIM Emergency Measures – Enhanced COVID-Related Financial Support

On March 25, the EXIM Board of Directors unanimously approved four new, time-limited emergency measures.  The measures will temporarily expand the types of financing EXIM can provide as part of the U.S. government’s efforts to address and mitigate the economic crisis in the coming months.  The emergency measures will be in place for one year from May 1, 2020, although a few implementation details are still being worked out.  EXIM currently has about $80 billion available under its $135 billion overall financing cap that could be deployed for these emergency measures as well as regular business.  The EXIM Emergency Measures include:

Bridge Loan Product:

This is a new EXIM financial product, which can be structured as either a direct loan or a loan guarantee.  This product is available to foreign borrowers for an initial period of one year and could be extended depending on economic conditions and demand.  The financing schedule gives borrowers the option to extend financing through several periods of the transaction’s full repayment term.  These periods will be determined based on the export, its total repayment, and the availability of private financing.  EXIM will incrementally collect its exposure fee as the borrower elects to extend the financing period.  The fee structure incentivizes borrowers to find private sector financing prior to extending their EXIM financing.  EXIM will encourage borrowers in its informational products to refinance in commercial markets at the earliest opportunity, assuming market conditions provide this opportunity.  Please see the EXIM factsheet on changes to this product:  www.exim.gov/coronavirus-response/fact-sheet-exim-establishes-bridge-financing-program.

Supply Chain Financing Guarantee Program:

EXIM currently provides a 90 percent guarantee to a participating lender that purchases accounts receivable from suppliers of an approved exporter.  The change temporarily waives the previous requirement that transactions include small business involvement in 50 percent of the supply chain and allows EXIM to finance the distribution of U.S. products through foreign affiliates, which in turn sell the products to foreign buyers.  EXIM’s board is also considering increasing its guarantee from 90 to 95 percent, eliminating almost the entirety of risk for the lender, although a final policy has yet to be determined.  This product will provide U.S. businesses in the supply chain the immediate liquidity they need, especially lower investment grade companies.  The changes are designed to incentivize lenders to underwrite weaker credits, which are particularly impacted by the crisis when all credits are adversely impacted.  Please see the EXIM factsheet on changes to this product: www.exim.gov/coronavirus-response/fact-sheet-background-on-supply-chain-financing-guarantee-program

Working Capital Guarantee Program:

This product facilitates loans to U.S. businesses that export over the term of the loan and is an asset-based lending program under which financing is determined by the borrower’s export-related inventory and accounts receivable.  This product previously covered 90 percent of the principal and accrued interest of the loan.  EXIM will now temporarily expand its financing beyond only export-related inventory to all of the borrower’s inventory that could potentially be exported, which will increase the eligible collateral for an EXIM guarantee, and thereby, the amount of working capital EXIM can support.  As with the modified supply chain product, EXIM’s board is considering increasing its guarantee from 90 to 95 percent, although a final policy has yet to be determined.  Please see the EXIM factsheet on changes to this product: www.exim.gov/coronavirus-response/fact-sheet-background-on-working-capital-guarantee-program

Pre-Delivery / Pre-Export Financing Program:

EXIM currently allows periodic disbursements for pre-export payments (through direct loans or loan guarantees) to U.S. manufacturers during the manufacturing process when EXIM is providing the medium- or long-term financing associated with the export.  This product is most often used to facilitate exports of long-lead time manufactured products, such as satellites, large turbines, and other capital goods requiring extensive customization.  The major change under the new product will allow EXIM to provide pre-delivery financing even when it is not providing the long-term financing for a one-year period.  This benefit will now be available to certain industries, such as aviation and the locomotive industries, where commercial lenders may no longer be willing to finance pre-export payments.  This could be extended depending on demand and economic conditions beyond the initial one-year program period.  Please see the EXIM factsheet on changes to this product: www.exim.gov/coronavirus-response/fact-sheet-exim-temporarily-expands-pre-export-payment-program

Opportunity to Submit Advocacy Issues to VBF Investment and Trade Working Group

On behalf of the VBF, we would like to solicit your input on how to improve the business environment in Vietnam.

These are anxious times for our workforce, captains of industry, and country leaders. The Vietnam Business Forum is one of our most effective channels for advocacy matters, providing as it does a direct and constructive dialogue between the business community and the Government.

Vietnam has managed commendably thus far in educating and protecting the population at large. In addressing the beleaguered economy, the Prime Minister issued Directive 11 on measures to help businesses affected by the COVID-19 pandemic. This include tax incentives, delaying payment of land-use fees, ensuring supply of raw materials for manufacturers, etc. The State Bank of Vietnam (SBV) has already cut interest rates from February 2020 and has requested commercial banks to lower interest rates.

To manage current challenges, and to help the business eco-system and country leaders to turn the corner (in matters that can be controlled), what can VBF members do? We can identify the challenges we face and to discuss solutions. This could be:

  • In licensing or other procedures that are unnecessarily onerous and time consuming;
  • In statutory fees / payments / taxes that are overwhelming for an anemic economy;
  • In business and telecommunication tools and infrastructure that are under capacity; and
  • Workforce and employment issues and uncertainty.
  • Continue to advance e-government and smart cities initiatives;
  • To advance the service sector with use of digital tools;
  • Attracting and enabling higher value-added manufacturing; and
  • Progressing multi-lateral relationships and trade and investment agreements.

To help achieve these goals, please give us your feedback, concerns and proposals so that the VBF, with the Investment & Trade Working Group taking the lead in this matter, can progress this discussion with the appropriate authorities.

We also wish to encourage the Government to keep furthering its initiatives around:

  • e-Government (to speed up administrative processes and enhance efficiency):
  • Smart cities (to manage and serve city and population agendas, in particular in healthcare, education and the environment);
  • Attracting and enabling higher value-added manufacturing;
  • Digital economy and the many services and tools that can be delivered online and on mobile;
  • Multilateral relationships and trade and investment agreements (which enhances business and investment opportunities, and opens channels for meaningful dialogue and action in times of global crisis).

Therefore, please use the template attached to let us know if you have concerns, ideas and proposals in furthering these and related initiatives.

Even as we hunker down to weather this tough spell, this is also the time to identify, assess, and progress the next steps that would enable our business and Vietnam to be the first out of the gates when the dust eventually settles.

Member’s feedback can be provided back to the VBF Secretariat at [email protected] (copy [email protected]) by filling and returning to us the enclosed Template by the extended deadline of COB Friday, 24 April 2020.

Thank you for your cooperation and stay safe!

Chung Yee
Investment & Trade Working Group Co-Chairman

Fred Burke
AmCham Representative to the Vietnam Business Forum Members Consortium

U.S. Chamber Launches New “Path Forward” Program to Lead National Conversation on How America Can Return to Work

  • Comprehensive Framework of Policy Considerations and Operational Questions
  • Virtual Event Series to Explore How to Reopen the Economy Safely, Successfully, and Sustainably
  • Chamber Soliciting Input from Diverse Sources: Big, Midsize, and Small Businesses as well as its Network of Local, State and International Chambers and Associations

April 13, 2020
WASHINGTON, D.C. — The U.S. Chamber of Commerce today announced the“Path Forward” program, an initiative to address how Americans and businesses can return to work safely, successfully, and sustainably.

The program includes a comprehensive framework of considerations, an event series that will feature diverse viewpoints from the public and private sectors, and recommendations on the practices and policies needed to begin a phased process to bring the full American economy back to work.

The Chamber, through its membership of small, medium, and large companies, as well as its network of state, local, and international chambers and associations, has an unmatched perspective encompassing all sectors of the economy and all corners of our nation. This diversity of viewpoints will contribute to the ongoing national conversation and ultimate recommendations for the Path Forward program.

Since the outbreak of the coronavirus, the Chamber has vigorously advocated for fast action on legislation to provide employers, employees, and families with much-needed financial assistance, including the successful passage of the CARES Act. The Chamber also has hosted more than 200 virtual sessions with tens of thousands of small businesses, as well as big companies and their small business suppliers and customers, to hear first-hand about the impact of the virus and provide guidance on what aid is available and how to access it.

“This pandemic is upending every way of life, including how businesses operate and care for employees and communities. As we adjust to this new reality, we must understand that many laws and regulations were designed for a different time and place, and today they could significantly hamper– or even contradict– recovery efforts,” U.S. Chamber President Suzanne Clark said. “How America reopens will be the result of unprecedented coordination between business and government, and the planning must begin now. We need new processes and rules that reflect the realities of the pandemic.”

In a letter sent to members, national associations, and state and local chambers across the country today, the U.S. Chamber of Commerce outlined the following key considerations:

  • Essential services and resources necessary for returning to work: general health screening, COVID-19 testing, personal protective equipment, childcare, and transportation.
  • Resolution to regulatory and legal liability issues: health privacy, discrimination claims, safe workplace requirements, support for independent contractors, employment practices, exposure liability, product liability, medical liability, securities litigation, customer communications, and the False Claims Act.
  • Support for businesses and individuals during a phased reopening: businesses dependent on high-density gatherings or travel, and individuals delayed in returning to work.

Following the release of the letter, the Chamber has begun the process of collecting feedback from local and state Chambers and member companies across the country.

“How our nation’s public and private sectors manage this transition will determine how quickly we can stage an economic comeback and help families overcome financial hardship,” Clark said. “We need a roadmap to reinvigorate our economy and a renewed sense of public safety and confidence.”

Path Forward Virtual Event Series

Additionally, the U.S. Chamber of Commerce Foundation today launched a new online series called Path Forward to supplement and inform the Chamber’s work. Each episode of Path Forward will feature experts sharing their perspectives on the complex issues involved in a responsible reopening strategy. The first program will focus on the state of the pandemic, potential scenarios for reopening, and lessons America can learn from businesses in other parts of the world.

The series launches Monday, April 13 at 3:00 p.m. ET with Dr. William Hanage, Associate Professor of Epidemiology at the Harvard T.H. Chan School of Public Health. Register here: https://cvent.me/ebg2E0.

Future programs, which will occur on Mondays and Thursdays from 3:00 p.m. to 4:00 p.m. EST, for the next several weeks will cover barriers to reopening, such as childcare and transit; complex questions about immunity and liability; and ways employers can incorporate screening, social-distancing, and other novel approaches into the workplace.

Since the onset of the pandemic, the U.S. Chamber has tried to help mitigate the impact of the coronavirus by equipping businesses with tools, resources, and information to help them navigate the many challenges of the pandemic in real time. The Chamber’s resources have been downloaded two million times, and tens of thousands of small businesses and nonprofits have joined online townhall events dedicated to helping them survive this unprecedented health and economic crisis.

To learn more about the Chamber’s efforts in response to the coronavirus pandemic, please visit www.uschamber.com.

About the U.S. Chamber of Commerce

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.

About the U.S. Chamber of Commerce Foundation

The U.S. Chamber of Commerce Foundation is dedicated to strengthening America’s long-term competitiveness. We educate the public on the conditions necessary for businesses and communities to thrive, how business positively impacts communities, and emerging issues and creative solutions that will shape the future.

# # #
U.S. Chamber Press Contact
202.463.5682
Contact: U.S. Chamber Press

Regular Updates with links to trusted, authoritative sources of information on COVID-19

Recommended precautions for most healthy individuals are careful hand washing, avoiding touching your face, disinfecting frequently-touched hard surfaces, and practicing social distancing, including avoiding large gatherings.

AmCham Vietnam Supports Local Business – AmCham 2020 Discount Partner Program

We know many businesses in Ho Chi Minh City and throughout Vietnam are struggling, due to the COVID-19 virus outbreak. And we know the impact of the outbreak has been particularly hard on small, local businesses.

We at AmCham want to support local businesses which contribute so much to our quality of life in Vietnam by inviting them to join our 2020 AmCham Discount Partnership Program. Please consider joining for your company or refer a favorite local business by sending their email address or a copy of their business card to Membership Manager Sam Hoang at  [email protected]

Companies can choose what level discount or special offer they provide. We just ask that they follow “Most Favored Association” treatment and provide us at least the same percentage discount or special offer that they may already provide other local associations. In return, we will promote our AmCham Discount Partners businesses and encourage our members to become their regular customers as described below:

What is the 2020 AmCham Discount Partnership Program?

✓    A program in which partner businesses promote their business by offering a special discount to more than  1500 AmCham top-profile individuals  who are representatives of over  500 AmCham Company Members.

Why join?

✓   As part of our #AmChamVietnamHCMC #supportlocalbusiness campaign, we will feature select partner businesses on our Facebook page and website

✓    Your company will be promoted widely to all AmCham members, partners, and website subscribers.

✓    Discount offers are  free  to be listed in our AmCham Discount Partner Handbook on our website at  LINK  (our website has over 180,000 visitors/year and 500,000 views/year).
✓   Your business can enjoy member rates when booking advertisements on our  Member Discount OnlineWeekly Update Email  and  eBlast Email .

✓   Your special promotion programs can be published on AmCham’s website    LINK

How to join?

✓   Fill in the  Participation Form   HERE .

✓   Book an Advertisement on Discount ONLINE ( Optional ):  REGISTER HERE

If have any questions regarding our program, please contact Membership Manager Sam Hoang at [email protected]

We value and want to support our local businesses!

AmCham Awarded Certificate of Merit for Contributions to the Revised Labor Code Adoption

AmCham Vietnam was awarded the Certificate of Merit for its contributions, led and coordinated by AmCham’s Human Resources (HR) Committee, to the stakeholders’ consultation process of the Revised Labor Code. Mr. Trung Pham, Advocacy Lead of the HR Committee, represented AmCham’s HR Committee to receive the Certificate from Mr. Hoang Quang Phong, Vice President of VCCI.  This award was presented during a meeting organized by VCCI together with other Chambers in Hanoi on March 4.

The meeting also sought the establishment of the Special Task Force Group to develop plans and provide opinions from the employers’ side on various Decrees and Circulars, which will soon be issued to implement the Revised Labor Code. VCCI will lead the Special Task Force Group with the participation of business associations including JCCI, VITAS, LEFACO, VEIA, VASEP and AmCham.

Congratulations to the AmCham HR Committee for this recognition of its significant advocacy efforts on the Revised Labor Code- an issue impacting our many of our members.

Survey: The Business Impact of Coronavirus disease (COVID-19) Outbreak

AmCham Vietnam-HCMC launched a 36-hour flash survey of its members from February 18-20 to measure the business impact in Vietnam of the Coronavirus disease (COVID-19) outbreak. Over 170 AmCham Vietnam-HCMC members participated; 140 responded to the manufacturing survey questions. Key takeaways below:

More concerned now about economic than health impact: While the overwhelming majority of AmCham members are concerned about both health and economic impacts of the coronavirus outbreak in Vietnam, almost 50% are extremely concerned about the economic impact, whereas 25% were extremely concerned about the health impact.

Health Protocols in Workplace: About 90% of members focused on good hygiene, particularly handwashing, and providing hand sanitizer, with 70% also focused on through surface cleaning. More than 75% encouraged employees to stay home if sick or had a sick family member, with 38% allowing optional work from home. About 50% provided links for healthcare updates and/or advice from healthcare providers.

Projected 2020 revenue down: Over 60% expect lower 2020 revenues (with another 28% unable to estimate the impact). One-third expected between 10-20+% decreases.

Expect Vietnam’s 2020 GDP to Drop at least 1%: Almost 3/4 of members expect a negative impact, with half expecting more than a 1% drop.

Biggest challenges: decreased demand, supply chain/logistics issues, cash flow.

Manufacturing Sector: Production Down: About 70% of members in the manufacturing sector currently are operating at or above 70% of normal capacity and 17% are operating between 50- 70%. 13% are operating below 50% of normal capacity.

Supply Chain Disruption Key: Almost 35% of manufacturing sector members report global operations already are “seriously impacted” by supply chain disruptions. An additional 40% expect serious impact on global operations if supply chain disruptions continue for another month.

Travel restrictions in place/meetings and events canceled: Almost half of members have travel restrictions in place for domestic travel with 60% having restrictions on international travel. Almost 70% of members have canceled or postponed meetings or events, while over 40% report difficulty getting people to Vietnam.

School re-opening supported, particularly for international schools: About 2/3 of members believe that, based on publicly available information, schools in HCMC/Hanoi should reopen, and should not continue to stay closed another 6 weeks through the end of March, citing the negative impacts to families and business operations from prolonged school closure, and the effect on the business climate.

Message from the Chair – January 2020

Chúc Mừng Năm Mới! Happy Tết to our AmCham members and friends as we welcome in the Vietnamese New Year 2020 – the year of the Rat. As Vietnam embarks on the most important festival of year, we wish you all a very special holiday time, where many traditions with family and friends are observed and celebrated all over Vietnam. The colors, flowers, and foods of the season are among some of the special things shared and celebrated. We were honored to join several Tet celebrations, including those of the People’s Committees of Ho Chi Minh City and Da Nang, among others.

The beginning of the Lunar New Year is a time for renewal — we too at AmCham Vietnam-HCMC have worked the first few weeks of January on our plans and goals for 2020, and are excited to put those into action in February and beyond.

Joining me in that effort is our 2020 Board of Governors, including our new Executive Committee. I am honored to serve again this year as Chairwoman of the Board, along with Vice-Chairs Michael Beckman and Chad Ovel, Treasurer Alan Danner, and Secretary Jonathan Moreno. On January 18, our full board and Executive Director Mary Tarnowka held a half-day planning and strategy session. We are excited to refine and implement the goals identified. Expect AmCham to continue its positive momentum for strategic growth and innovation to better support you!

We were also active this month with continuing advocacy and the launch of two new initiatives. On January 10, I was privileged to represent AmCham Vietnam as its National Chairwoman at the Annual Vietnam Business Forum (VBF) 2019, along with several other AmCham Vietnam representatives leading VBF working groups, other business chambers and associations, and key members of the Vietnamese government. As part of the dialogue, we advanced a platform for the promotion of an enabling regulatory ecosystem, unlocking the full potential of the digital economy, and partnership with Vietnam to develop physical infrastructure to promote sustainable growth and development and a globally competitive, innovative workforce. Click the link for our VBF position paper: English and Vietnamese

To learn the inside story about the recent VBF dialogue, outcomes, and the business policy outlook for 2020, join our VBF Briefing on February 12.

Less than a week after the VBF Annual Dialogue, we hosted the VBF Power & Energy (P&E) Working Group for its launch of the “Made in Vietnam Energy Plan (MVEP) 2.0.” (Read MVEP 2.0 here: English and Vietnamese) Executive Director Mary Tarnowka welcomed more than 60 industry representatives to the HCMC event where VBF P&E Working Group Co-Chair John Rockhold, and Luong Ba Hung, Director of VBF’s Sustainable Energy Engagement Project, highlighted key provisions of the  plan to ensure Vietnam’s energy security and sustainable growth through power generated primarily from renewables and LNG and engaged in dialogue with industry representatives about critical next steps.

We also ushered in two new ways to engage with AmCham Vietnam-HCMC. On January 14, we introduced AmCham’s new Entrepreneurship and Innovation Initiative coordinated by co-chairs Eddie Thai and Jonah Levey at an Interactive Foundations of Innovation: A Design Thinking Workshop, led by Doodle Brands Chris and Nhu Vo Elkin. Later that day, we hosted our first Capital Markets Committee meeting, with leadership from co-chairs Chad Ovel and Louis Nguyen, where representatives from fund management companies, securities firms, banks and insurance corporations discussed opportunities, key challenges, and potential advocacy issues. Participants also discussed potential synergies with the new Entrepreneurship and Innovation Initiative, and plans to develop advocacy and outreach with the Vietnam government.

Upcoming Events

We look forward to supporting the initiatives and plans by all of our committees in 2020, with continued networking, information-sharing, advocacy, and events already in the works from many of our sectoral committees in the coming months. Be sure to check our website calendar and watch for our weekly email to stay current on our committee activities and events.

Also coming in February is a special workshop hosted by AmCham Vietnam-HCMC, with support from Walmart Foundation and Pacific Links, on preventing human trafficking and forced labor in supply chains. This February 26th workshop will be led by various experts, including industry and topic panelists from various manufacturing and solution providers.

And returning in 2020 on February 26th, is our casual networking event, Connect & Cocktails, to be held in District 2 at Mia Saigon Luxury Boutique Hotel. This monthly event is an opportunity for existing members, their guests, and those curious about AmCham to meet up in relaxed and fun settings to network and learn more about AmCham and how it can work for you!

New Members

We are thrilled to welcome over 20 new members so far in January! ABS Institute Co., LTD; American Education and Development Group Inc; American Fashion JSC; ANT Law; ASART Deal Advisory Company Limited; ATT Logistics JSC; Children of Vietnam; Focus Consulting Co., Ltd; Fuji Xerox Vietnam Co., Ltd; HFI LLC; HR1 Vietnam Co., Ltd; IQVIA; Mövenpick Resort Phu Quoc; Nguyen Binh Khiem High School; Onesky Foundation; Online Mobile Services JSC (Momo); Pure Vietnam Company Limited; Tam Minh Technology JSC; United Overseas Bank; Vietcetera; Vietcombank; Vitabella JSC.

Membership & Sponsorship

Don’t miss out on an exciting year ahead—remember to renew your membership.  For even more opportunities and exposure for your company, check out our premium membership levels.  As we are set to launch into an exciting year for AmCham Vietnam in HCMC, there will be many ways AmCham can keep you connected, especially as a corporate partner.  Contact Cindy Tran at [email protected] or Sam Hoang at [email protected] for more information on getting more out of your AmCham membership through our premium membership packages.

In closing out the year, thank you members for your contributions to and passion for AmCham Vietnam. To the Vietnamese community and those of us who now call Vietnam home, Happy New Year!
An Khang Thịnh Vượng! Wishing you security, good health and prosperity!

Amanda Rasmussen
Chairwoman

24th Annual AmCham Governors’ Ball – Raffle Prizes & Silent Auction Winners, Photo Album

Congratulations to the Raffle Prizes’ and Silent Auction Prizes’ Winners!!

Please bring your winning raffle ticket to AmCham office to claim your prize by DECEMBER 31, 2019Unclaimed prizes remaining after claim period expires will be used for other AmCham Events.

Raffle Prizes’ Winners 

Holiday Inn & Suites Saigon Airport

One night stay in a Suite room for two persons

Winner: 02829

Holiday Inn & Suites Saigon Airport

A weekend seafood buffet for two persons

Winner: 00751

Mövenpick Resort Waverly Phu Quoc

One night stay in a Superior Sea View

Winner: 00536

InterContinental Nha Trang

One night stay in a Deluxe Ocean View room for two persons

Winner: 03507

Binh An Village Resort Dalat

One night stay in a Villa Deluxe two bedrooms for four persons

Winner: 03190

Mai House Saigon

A two-night stay in a Premium Room for two persons

Winner: 03443

Mia Saigon

One night stay for two persons

Winner: 00626

Sherwood Suites

One night stay in a Premier Suite with a bottle of Prosecco upon arrival for two persons

Winner: 02720

Sherwood Residence

One night stay in a three-bedroom Executive Apartment for up to five persons

Winner: 00547

Windsor Plaza Hotel

A two-night stay in a Presidential Suite for four persons

Winner: 01136

Fusion Phu Quoc

One night stay for two persons

Winner: 00846

Mai House Saigon

A two-night stay in a Premium Room for two persons

Winner: 02273

P’Ti Saigon

A US$ 100 voucher

Winner: 03324, 03269, 02907

Jake’s

A vnd 500,000 dining voucher

Winner: 03683, 00926

Jaspas

A vnd 500,000 dining voucher

Winner: 02106, 00504, 01728, 01682

District Federal

A vnd 500,000 dining voucher and a gift set

Winner: 00845

Go Dog

10 Hotdog vouchers

Winner: 00836

The Reverie

A set lunch or set dinner for two persons at The Royal Pavilion

Winner: 01723

The Reverie

A set dinner for two persons at R&J Italian Lounge & Restaurant

Winner: 00851

El Gaucho Steakhouse

A vnd 2,000,000 dining voucher

Winner: 00586, 03064

Eddie’s

A dinner for four persons

Winner: 03917

Shelley’s

A dinner for four persons

Winner: 03111

Soul Burgers

A 6 month ‘BoM Club Cards’

Winner: 03134, 00745

The Reverie

A Sunday Brunch for two persons at Café Cardinal

Winner: 03485, 02879

Truffle Restaurant

A vnd 5,000,000 dining voucher

Winner: 00987

Easy Tiger

Food, beer, plus a bottle of Gin at Easy Tiger Gin Bar

Winner: 00831

Flying Pig Saigon

A vnd 500,000 dining voucher

Winner: 03693, 03437, 02310, 03302

Tevere Restaurant

A vnd 1,000,000 dining voucher

Winner: 00569, 01559, 02315, 00517, 00756

Windsor Plaza Hotel

A set dinner for two persons at Top of the Town Bar and Restaurant

Winner: 03070, 03411

Windsor Plaza Hotel

A dinner buffet for two persons at Café Central An Dong

Winner: 01202, 00982

Ice & Spice Bar

A vnd 2,000,000 dining voucher at Ice & Spice Bar & two entry tickets to Ice Bar

Winner: 04043

Le Meridien

A Sunday Brunch for two persons

Winner: 02732

Hotel Des Arts Saigon

A buffet lunch for four persons at Saigon Kitchen Restaurant

Winner: 00752

Ice & Spice Bar

A vnd 3,000,000 dining voucher

Winner: 00714

InterContinental Saigon

A Sunday Brunch including soft drinks for two persons at Market 39 Restaurant

Winner: 00808

Sherwood Suites

A set lunch for two persons at Le Cafe, Restaurant & Bar

Winner: 02861

Photographer Catherine Karnow

A Photo Book

Winner: 01693

Grace Skincare Clinic

A voucher for Vitamin C reviving facial program

Winner: 03688

Grace Skincare Clinic

A voucher for clear skin: Modified program

Winner: 01394

Jasmine Spa

A body treatment

Winner: 01553

Jasmine Spa

A haircut and hair treatment

Winner: 01930

Jasmine Spa

A detox treatment massage for four persons

Winner: 02899

Jasmine Spa

A Caviar facial voucher

Winner: 03178

InterContinental Saigon

A 80-minute Relaxing Aroma Indulgence for two persons at Spa International

Winner: 00763

Gift Box

A vnd 500,000 gift voucher

Winner: 03915, 02711

Wish

A vnd 1,000,000 voucher

Winner: 02233

Bien Bespoke Saigon

A high-end dress shirt value up to VND 3,000,000

Winner: 01047

FedEx

A waybill to ship a 10kg box from Vietnam to any FedEx destination worldwide

Winner: 03257

Grace Skincare Clinic

A voucher for Alma Q Toning program

Winner: 03584

Terraverde Travel

A Glimpse of the Captivating Mekong Delta (Day Trip) for two persons

Winner: 01175

FedEx

A waybill to ship a 25kg box from Vietnam to any FedEx destination worldwide

Winner: 01522

Casawine

6 bottles of IRONSTONE Old Vine Zinfandel

Winner: 02707

Victoria Healthcare

A Comprehensive Checkup Package

Winner: 01190

LADALAT

A two-night stay in a Deluxe room for two persons

Winner: 00856, 03548

Silent Auction Prizes’ Winners 

Six Senses Ninh Van Bay

A two-night stay in a Beachfront Pool Villa with breakfast and airport transfer for two persons

Winner: Carolyn — Bid: $1300

The Grand Ho Tram

A two-night stay in a Royal Suite, one round of golf at the Bluffs, Massage and body treatment for four persons, plus $200 food credit at the Hotel Restaurants, and transfer to/from HCMC to The Grand via private car

Winner: Thy Egert — Bid: $1400

Hai Au Aviation

Halong Daytour: Scheduled flight and L’Azalee Private Premium Cruise for two persons

Winner: Thy Egert — Bid: $900

PNJ

A Bamboo necklace, 18K Yellow Gold, Diamond & Citrine

Winner: Chinara — Bid: $600

InterContinental Phu Quoc Long Beach Resort

A two-night stay in a Resort Ocean View Room with club access for two persons

Winner: Ryohei Oda — Bid: $850

Banyan Tree Lang Co + Laguna Lang Co Golf Club

A two-night stay in a Beach Front Villa for two persons and two rounds of golf

Winner: Beatric — Bid: $1300

Victoria Healthcare

A VIP Wellness Evaluation

Winner:            — Bid:          

Saigon Heat

Two VIP Season Tickets with Heat Lounge access

Winner: Robert — Bid: $450

Victoria Healthcare

A Comprehensive Checkup Package

Winner: Keith Schulz — Bid: $290

InterContinental Saigon

A two-night weekend stay in a Deluxe room with Club access for two persons

Winner: Chris Byrne — Bid: $400

Linh Cam Carpet

The Patch Work, Remix 3, size 2m x 3m

Winner: Thy Egert — Bid: $400

Nike Vietnam

Five pairs of shoes

Winner: Enrica Longo — Bid: $450

Photographer Catherine Karnow

A framed photography of Ha Long Bay Fishing Junk

Winner: Sesto Vecchi — Bid: $450

Golden Peak Resort & Spa

A two-night stay in a Deluxe Ocean View room for two persons

Winner: Joanie Simon — Bid: $350

AZERAI Can Tho

A two-night stay in a River Room for two persons

Winner: Matt Ference — Bid: $500

Saigon Boat Company

A two hours private boat trip on Saigon River including one round of drinks for max 27 people

Winner: Amanda Rasmussen — Bid: $550

Saigon Boat Company

A two hours private boat trip tour on Saigon River including one round of drinks for max 27 people

Winner: Loan Tran — Bid: $550

FedEx

A waybill to ship a 25kg box from Vietnam to any FedEx destination worldwide

Winner: Slavdia — Bid: $250

Elite Wine

6 bottles of Montepelaso A Quo Toscana IGT

Winner: David Harrison — Bid: $250

Anan Saigon

Chef Tasting Menu for 4 people with Chef Peter Cuong Franklin
Winner: Amanda Rasmussen — Bid: $1100

7-Eleven Vietnam

One year Slurpee

Winner: Peter Edohohnn — Bid: $150

Ancient Town Hue

A two-night stay in a Garden House for two persons

Winner: Emily Fleckner — Bid: $300

KEPI

A 1.8m Giant Teddy Bear

Winner: Hang Nguyen — Bid: $240

Red Apron

6 bottles of mixed American wine

Winner: Truc Vu — Bid: $250

Saigon Spring Jewelry

A tree of life pendant

Winner: Caz — Bid: $60

Photographer Catherine Karnow

A Photo Book

Winner: Emily Fleckner — Bid: $70

Song Cai Gin

A Song Cai Gin bottle

Winner: Horst Geiche — Bid: $80

Marou Chocolate

A Chocolate Gift Box

Winner: Mary Tarnowka — Bid: $180

InterContinental Hanoi Westlake

A two-night stay in Over-water Pavilion with Club access

Winner: Jennifer Scheller  — Bid: $450

American Chiropractic Clinic

A two-night stay in a Private Rental Home at The Railei Beach Club, Thailand

Winner: Sara Mursky Fuller — Bid: $350

A giant LED Ornament

Winner: Ly Blocker — Bid: $195