Weekly Update Apr 21: Navigos Salary Survey, Univ. of Hawaii Info Session, Family Weekend & Golf

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, Apr 21 “How competitive is your compensation strategy?” 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.

We, Apr 23 University of Hawaii Shidler College of Business Executive MBA in HCM City Information Session Renowned for its expertise in international management and ranked among the top 25 graduate schools in the US for international business. Now available in HCM City! Click the link for more information and to register for this free-of-charge information session.

Th-Su, May 1-4 Phan Thiet Family Weekend and Golf Outing 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 Outing, 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.

Th, May 15 Members Night. Introductions and brief from the U.S. Consulate General, updates on key issues. Cocktail reception with networking opportunities with over 150 members. Spouses and guests are we!come and encouraged to attend!

Tu-Su, Jun 3-8 AmCham Vietnam Mission to Shanghai and Beijing: Save the Dates A survey by AmCham Shanghai and Booz Allen Hamilton found that Fifty-four per cent of respondents thought China’s competitiveness is waning. 63 per cent plan to capture lower labor costs by shifting to Vietnam. We are cooperating with AmCham in Shanghai and Beijing on this mission. Additional information and participation registration form to be provided soon.

Sa, 28 June 2008 Independence Day Family Picnic and BBQ Join us for an old-fashioned celebration with scrumptuous food, fun and games for children and parents, great door prizes, and good music at AmCham’s Annual Independence Day Celebration and Family Picnic. Limited to 600 AmCham Members and their Family and Guests.

VCCI – AmCham Business Mentoring Program The Vietnam Chamber of Commerce and Industry, supported by AmCham, EuroCham, and the 2030 Business Club, is cooperating on a Business Mentoring Program to help young Vietnamese entrepreneurs learn the best experiences from successful entrepreneurs and international managers. Click the link for information and to volunteer to participate.

Sa, 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.

Lockheed Martin-build VINASAT-1 Satellite Launched Successfully for VNPT The satellite system will improve telecommunications in Vietnam by transmitting radio, television and telephone communications to all corners of the country, and will enable state-of-the-art communications, providing new services such as mobile broadcasting, direct-to-home television, video conferencing and data transmission.

First VinaSat launched amid rising telecom demand The $ 250 million Vinasat-1 project, which includes a 2,637- kilogram (3-ton) satellite built by Lockheed Martin Corp. carried by a rocket from France’s Arianespace, will provide telecommunications services including broadcasting, Internet and voice.

Compliance, Training and Anti-Bribery Conventions in China As China continues to evolve and grow into its increasingly important role in the world economy, U.S. and European regulators will expect compliance by businesses that choose to conduct business here. Businesses with operations in China will be responsible for the standards of their operations, in which unethical practices, in terms of international business standards, cannot be explained away as “local business culture.” Nor will ignorance on the part of local employees be acceptable.

Intel reshaping Vietnam with billion-dollar chip assembly and test plant Intel picked Vietnam, a nation of 85 million that lacks a single world-class university and is known for making shoes, over India, whose army of engineers has reordered the global software industry. By the end of 2009, chipsets (pairings of more than one chip used for specialized tasks) are expected to roll off the assembly line to feed the company’s massive global supply chain from a complex that will equal the size of nearly nine football fields and employ about 4,000 workers. In June 2008, Intel will host a conference for more than 200 tech vendors, some of whom are expected to set up operations in Vietnam.

Vietnam denies using illegal timber Over 80% of material wood supplied to Vietnam is imported from around the world, mainly from New Zealand, Australia, the U.S. and within the ASEAN region. Last year, the country imported around two million cubic meters of timber.

Siemens corrupt payments probe widens to power unit The German prosecutors’ Siemens probe has widened from telecommunications to its power-transmission unit, whose former head is now a criminal suspect. Both the German probe and any settlement with U.S. regulators likely will take longer. Siemens has flagged 1.3 billion euro (US$ 2 billion) in suspicious transactions between 2000 and 2006, with more than half originating outside the telecom business. A German court fined Siemens 201 million euro last October for paying 12 million euro in telecom-sector bribes to government officials in Nigeria, Russia and Libya.

Vietnam copes with long-term electricity shortfall until 2020 Blackouts are expected as demand rises in the summer months. Unexpected blackouts at water pumping stations in Hanoi recently have led to shortages of drinking water in several neighborhoods. A local water authority official said water stations had lost power 66 times in the previous two weeks, 46 times without prior warning.

Jetstar expands into Vietnam with Pacific Airlines An extra 30 planes will be purchased. That will mean a lot of additional services out of Vietnam into Asia. It means essentially a doubling of existing services within Vietnam and it will mean more seamless connections between Vietnam and Australia.

Click this link to read 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.

Your announcement in AmCham’s Weekly Update email Early each week, AmCham’s Weekly Update email goes out to nearly 800 representatives of over 400 AmCham member and associate companies, plus thousands of 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.