Weekly Update Apr 07: Home Depot Sourcing Visit, Phan Thiet Family Weekend & Golf Outing

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

Fr, Apr 11 Home Depot “Open to Buy” Day in HCM City The Home Depot is the world’s largest home improvement specialty retailer, with more than 2,200 retail stores in the United States, Puerto Rico, the territories of the U.S. Virgin Islands and Guam, Canada, Mexico and China. A Home Depot sourcing team will visit HCM City to consider procurement opportunities in addition to current offices in the U.S., Canada, China, Mexico and India. Additional details to be provided.

Th-Su, May 1-4 Phan Thiet Family Weekend and Golf Outing It’s not too soon to plan a fun weekend at the Novotel Coralia and Ocean Dunes Golf Club. Laze away in a lounge chair by the pool or ocean, or there are lots of available activities, including a two-day golf tournament. Welcome Cocktail Party, Gala Sea-Side Dinner, accompanied by fine wine, under a starry sky. Lots of activities for kids, too. Click the link for information and to download a registration form.

VCCI-AmCham Business Mentoring Program The Vietnam Chamber of Commerce and Industry, supported by AmCham, EuroCham, and the 2030 Business Club, will launch a Business Mentoring Program to help young Vietnamese entrepreneurs learn the the best experiences from successful entrepreneurs and international managers so as to overcome challenges. Click the link for more information and to register to be a business mentor.

Sat, Dec 6: AmCham Governors Ball – SAVE THE DATE A formal event held in the festive style of the season … to raise funds for community support programs funded by and through the AmCham-United Way partnership.

All upcoming events …

New member and associate companies. Click on the link to learn more about the latest companies to join AmCham.

News and Issues Updates

Click this link to read the below and more News Highlights – Business, Trade and Investment in Vietnam and Asia.

Developing Asia to Maintain Strong Growth; Vietnam Growth 7%, Inflation over 18% in 2008 (ADB) Developing Asian economies will register lower but solid growth in 2008 despite a coincident slowdown in major industrial economies, surging food and fuel prices and a simmering credit crisis in the United States. “Asia will not be immune to the global slowdown. It remains tied to global activity through traditional trade channels, and increasingly, through its closer integration in international financial markets.” Vietnam’s 2008 growth rate is expected to moderate to 7.0% in 2008, while average annual inflation is forecast at 18.3%.

The tigers that lost their roar (Economist) Other emerging economies are producing world-class companies by the dozen. Why aren’t the countries of South-East Asia? Much of South-East Asia’s high-value exports are made by foreign companies. Thailand has built a successful motor industry by attracting multinationals. But it will constantly suffer the risk that these will move to somewhere like China, with lower costs and a bigger home market.

China’s factory blues A report by the American Chamber of Commerce in Shanghai found that more than half of foreign manufacturers in China believe the mainland is losing its competitive advantage over countries like Vietnam and India. The Federation of Hong Kong Industries predicts that 10% of an estimated 60,000 to 70,000 Hong Kong-run factories in the Pearl River Delta will close this year. In the past 12 months, 150 factories making shoes or supplying shoemakers have closed in Dongguan, says the Asia Footwear Assn.

Prime MInister emphasizes disinflation, macro-economic stability, social welfare, sustainable growth “Curbing Inflation is our top priority, that means we should not run after growth norms set in late 2007. Instead, we should do our best to put inflation into control and decelerate price increase,” stressed the PM.

Vietnam rice exports to be barred after July Authorities and rice exporters need to ensure stability of production and domestic rice prices in order to help control inflation and ensure food security, as well as produce rice for export.

Nike strike ends, contract factory remains closed after worker brawl Some employees said the brawl started when a group of workers who disagreed with the deal began attacking those who came to work.

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

Event Presentations, Downloads, and PHOTO ALBUMS

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: Grade A office rents in HCMC to reach US$ 100/sqm. Can you afford it? Rising office rents affect us all, 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? Couldn’t attend the lunch on Th, Feb 28? Click the link to download the presentation and find out where the market is going and decide how it affects your business.

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 www.amchamvietnam.com.

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