Weekly Update Apr 2: Competitive Local Compensation, Business Gets Social 2012

Highlights

HCM City & S. Key Economic Region Infrastructure: Ports, Industrial Parks (update)
Welcome to new AmCham companies in 2012
Member Survey 2012
AmCham Vietnam Direct Selling Committee – About Us
Fr, Apr 6 Networking Night: Competitive Local Compensation Realities Vs Global Recession
Tu, Apr 10 Legal Committee Meeting
Fr, Apr 13 Business Lunch: Business Gets Social 2012
FDI Rivals Turn Up the Heat on Vietnam
Myanmar: the Next Tiger? Hub for Low-cost Manufacturing (BusinessWeek)
Bangla Desh: the Next Apparel Sourcing Hot Spot? (McKinsey)
Inside the Chinese Boom in Corporate Espionage
Bitexco Financial Tower: a new HCM City icon

Events, Meetings, Activities, and Special Offers

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Welcome to new AmCham companies17 new companies have joined AmCham in Jan-Mar. Brief descriptions, activities, representatives’ names, and links to their web sites for additional information.

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Mercer Total Remuneration Survey is highly regarded as the biggest and most comprehensive remuneration survey in Vietnam. In 2011: • 329 organizations participating • compensation data of 90,282 employees • more than 1197 positions

AmCham Vietnam Direct Selling Committee – About Us Misson Statement: “To protect, serve and promote the effectiveness of member companies and the independent business people they represent. To ensure that the marketing by member companies of products and/or the direct sales opportunity is conducted with the highest level of business ethics and service to consumers.” Direct Selling companies achieved revenues in Vietnam of over $ 133 million, with over 900,000 persons participating in the industry.

Regus will help you work your way Regus provides modern, flexible workspace that frees businesses of all sizes, all over the world, to work more effectively. Companies can take a fully-equipped office, desks to use part time, rent a professional meeting room. However they use Regus, they get all the support a business needs.

A Unique Event Deserves An InterContinental Privilege For every half or full day meeting booking of twenty (20) paying guests, your company is entitled to one (1) guest complimentary.

Crystal Dream Wedding at Hotel Nikko Saigon Couples have a wedding plan from Jun 1 to Dec 31, 2012 will have a chance to win a special prize of a free “Crystal Dream Wedding” for 100 guests valued at VND 120,000,000.

Fr, Apr 6 Networking Night: Competitive Local Compensation Realities Versus The Global Recession Speaker from TalentNet will show the approach companies take globally in controlling employment costs during these challenging times. These global corporate pressures are often in strong contrast to Vietnam which still has relatively strong economic growth and the resulting challenges of rapidly rising salaries, scarcity of talent and employee turnover.

Fr-Mo, Apr 6-9 Easter Celebrations at Parkview, New World Saigon Hotel We invite you to indulge in a sumptuous Easter feast with friends and family in the inviting atmosphere of our international restaurant Parkview. Our delectable brunch and dinner buffets offer an unlimited selection of premium crustaceans, a creative carver buffet and delicious Easter desserts, all served with a free flow of sparkling wine, draft beer, house wine, soft drinks, coffee and tea.

Fr-Su, Apr 6-Jun 3 Weekend Getaway Package at Legend Hotel Saigon Ho Chi Minh City’s luxury river-front five-star international hotel is once again offering Vietnamese and expatriates residing in Vietnam with Weekend Getaway Package. Applicable for your stay on Friday, Saturday and Sunday night from 6 April until 3 June 2012, the package is priced at only VND 2,012,000++ per night for single or double occupancy in a Deluxe Room with several special benefits.

Su, Apr 8 Divine Easter Sunday Brunch at Caravelle Hotel Exquisite cuisine is often called a religious experience. Families and friends can indulge in cooked-to-order seafood including fresh Nha Trang lobsters, barbequed and whole-roasted meats and fish, imported cheeses, a wide array of local and international specialties and enticing desserts.

Su, Apr 8, Easter Sunday at Legend Hotel Saigon Celebrate this Easter with Saigon’s most spectacular buffet. The Easter Sunday Brunch will feature a perfect entertainment program including Egg Hunt…

Su, Apr 8 Chocolate Easter Brunch at Hotel Equatorial Ho Chi Minh City Bring your family and friends to join us for a special Easter Day celebration! Award winning culinary team of Hotel Equatorial Ho Chi Minh City will present a great buffet of traditional Easter dishes from around the world at Chit Chat @ the Café where you can relax in a contemporary and comfort interior and enjoy live performance of Sugarbowl Jazz Quartet band.

Fr, Apr 13 Business Lunch: Business Gets Social 2012 Smartphones and social media are changing the way people communicate. Organizations that successfully make the leap to social will reap huge rewards and outpace the competition. Learn how to deepen customer relationships, drive operational efficiencies and optimize your workforce through leveraging networks that exist within your business.

Th-Sa, Apr 19-21 Dale Carnegie Course – Breakthrough Leadership FREE session Join it to learn how to move beyond your organization’s comfort zone, master the capabilities demanded in today’s tough business environment. You’ll learn to tackle complex challenges, Excel as a consensus builder, manage stress and handle fast-changing workplace conditions…like Mr. Warren Buffett did, and attain ambitious new goals… in other words, learn how to be great!

Tu, Nov 6, U.S. General Elections Day • U.S. Voter Registration Web Sites More than 6 million Americans live overseas. If the overseas American community were a state, we would be the 18th most-populous state in the union. Our votes count … click the link to register online, get a ballot, and vote.

Plan ahead. Click here to see all upcoming Events and Committee Meetings

Stay informed about Vietnam-U.S. trade and investment with Weekly Updates (Past Issues).

News and Issues Updates

Managing your performance by measuring your risks! (part II) Revered management thinker Peter Drucker wrote that “Above all, management is responsible for producing results. Management has to give direction to the institution it manages.” Leading an organization to think about and act on risk and performance in an integrated way will no doubt face roadblocks. But, companies should focus first on a few key areas for integration and improvement.

Local students take part in Community Service and Leadership Training Conference Over 300 students, teachers and community leaders from schools all over HCM City gathered to share ideas and work together to explore problems we face as global citizens, as part of the International School Ho Chi Minh City (ISHCMC) Global Issues Network’s 1st Annual Conference. The theme of the conference was “Using our differences to make a difference.”

Myanmar: the Next Tiger? Hub for Low-cost Manufacturing (BusinessWeek) The country’s reform comes at a time when there’s a potential opening for a low-wage Asian alternative to China and India. China’s economy is slowing as manufacturing costs increase, labor-intensive manufacturers feel the pinch of higher wages, and look for alternative locations. India’s coalition government is rudderless, beset by scandals and struggling to push through economic reforms such as liberalization of the country’s retail sector.

Bangla Desh: The Next Hot Spot in Apparel Sourcing? Projected to Surpass Vietnam Export-value growth will double by 2015 and nearly triple by 2020 as European and US buyers plan to expand the share of their sourcing from Bangladesh to 25 to 30 percent by 2020, from an average of 20 percent now.

FDI rivals turn up the heat on Vietnam Vietnam dropped from 12th to 14th ranked on the FDI Confidence Index, while Indonesia, Malaysia, and others moved up. The Index is a regular survey of global executives conducted by A.T. Kearney. Companies participating in the survey account for more than $ 2 trillion in annual global revenue.

FDI: strong driving force for Vietnam’s economy “Without FDI, the nation’s economy must have stood at about a meager growth rate of 3-4% annually for the last 25 years,” said Professor Nguyen Mai, chairman of the Vietnam Association of Foreign Invested Enterprises.

Weather in Vietnam and East Sea • Typhoon PAKHAR approaching Phan Thiet, HCM City Unseasonal, fast-moving Category 1 Typhoon downgraded to “tropical storm” and passed over HCM City Apr 1-2. Click the link to see the storm’s path.

Inside the Chinese Boom in Corporate Espionage A far-reaching industrial espionage campaign has been in the works for years and targets a swath of industries: biotechnology, telecommunications, nanotechnology, and clean energy. One U.S. metallurgical company lost technology to China’s hackers that cost $ 1 billion and 20 years to develop. An Apple global supply manager pled guilty in 2011 to funneling designs and pricing information to China and other countries; a Ford Motor engineer was sentenced to six years in prison in 2010 for trying to smuggle 4,000 documents, including design specs, to China.

Hanoi emerging as a destination for foodies In 2010, the website Sherman’s Travel ranked Hanoi, Vietnam’s second-largest city after Ho Chi Minh City, as the No. 2 foodie destination in the world, behind Barcelona, Spain, and ahead of Rome and Tokyo.

Click this link to read AmCham News Highlights: Business, Trade, and Investment in Vietnam and Asia.

Last week’s most popular links to events and articles

Welcome to new AmCham companies in 2012
Update • Weather in East Sea and Vietnam • Typhoon approaching Phan Thiet, HCMC
We, Mar 28, AmCham Palooza Party at Renaissance Riverside Hotel
Th, Mar 29, Members Night and Meet the U.S. Consulate General
Bitexco Financial Tower: a new Ho Chi Minh City Icon
FDI rivals turn up the heat on Vietnam
Inside the Chinese Boom in Corporate Espionage
Networking Night: Competitive Local Compensation Realities Vs. The Global Recession
Other popular information downloads

Recent Events and Information Resources

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.

Click the following links for recent event information and to download presentations and view photos.

Preemployment Screening and Due Diligence in Vietnam
Presentation – Brian Dougherty, Hill & Associates
CBRE Fearless Forecast Feb 2012: Real Estate Overview
Greater Mekong Subregion Road System
House Ways & Means Committee Tax Reform Proposal • video and background
Other Event Presentations, Videos and Downloads

Online Membership Directory Looking for information on AmCham companies? Click here to browse the Online Membership Directory for information about and contact points for nearly 500 AmCham companies, and over 1,000 representatives. Members can contact other members by email via the AmCham web site. Also, links to company web sites for even more information about AmCham companies in Ho Chi Minh City.

Benefits and Services Review AmCham benefits and services and learn how you can benefit from Networking Online, with over 250,000+ visitors and 350,000+ page-views per month to www.amchamvietnam.com.

Your announcement in AmCham’s Weekly Update email Early each week, AmCham’s Weekly Update email goes out to over 1,000 representatives of nearly 500 AmCham companies, plus over 5,000 subscribers in Vietnam, Singapore, Japan, and the USA. We welcome event announcements that are of interest to our business readers.

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