Weekly Update Apr 30: Ports Tour, TV Advertising, Cancer Care

Highlights

Fr, May 4 Cat Lai & Cai Mep Ports Tour
Tu, May 8 Legal Committee Meeting
We, May 9 Business Lunch: Law on Protection of Consumer Rights
We, May 16 TV Advertising in Vietnam: Learn from the Best, Worst and Mediocre
Th, May 17 International Product Safety and Environmental Compliance Conference
Fr, May 18 TPP (Trans-Pacific Partnership) Workshop
Th, May 24 AmCham Members’ Night & Meet the U.S. Consulate General
Fr, May 25 Business Lunch: Future of Medical and Cancer Care
We, May 30 AmCham Palooza Party
Wal-Mart Faces Risks in Mexican Bribe Probe: Wall Street Journal
Member Survey 2012
HCM City & S. Key Economic Region Infrastructure: Ports, Industrial Parks (update)
Welcome to new AmCham companies • Jan ~ Apr 2012
The new tendency in Japanese FDI in Vietnam
“Tokyo Strategy for Mekong-Japan Cooperation” (2013-2015)
AmCham Vietnam Direct Selling Committee – About Us
Advance Notice: Sep – Dec AmCham Scholarship 2012
Tu, Nov 6, U.S. General Elections Day • U.S. Voter Registration Web Sites

Events, Meetings, Activities, and Special Offers

Welcome to new AmCham companies 25 new companies have joined AmCham in Jan-Apr. Brief descriptions, activities, representatives’ names, and links to their web sites for additional information.

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.

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.

Food & Beverage Promotion in May at InterContinental Asiana Saigon Start by celebrating Mother’s Day with your family in one of our fine restaurants, including Market 39 and Basilico.

Relaxing Weekend at Renaissance Riverside Hotel Saigon Enjoy your stay in our Deluxe City View Room at only VND 3,250,000 ++/night for two persons.

Fr, May 4 Cat Lai & Cai Mep Ports Tour Get an update on the latest developments from Saigon Newport Corp., Vietnam’s leading port operator. See the newly-built deep-water ports at Cai Mep outside HCMC that accommodate vessels of up to 110,000DWT (= 10,000 TEU) that provide Trans-Pacific service to the U.S. West Coast with T/S time = 15~16 days.

We, May 9 Business Lunch: Law on Protection of Consumer Rights Overview of Vietnam’s new consumer protection law and focus on its implications for: standard form contracts and standard terms and conditions, the protection of personal data and information, product liability issues in the context of the new law, and more.

We, May 16 TV Advertising in Vietnam – Learn from the Best, the Worst and the Mediocre Cimigo has tested over 275 TV advertisements over the past two years, and will tell you what works, what does not. Learn how to make your advertising more effective, across different target groups and categories.

Fr, May 25 Business Lunch: Future of Medical and Cancer Care Update about the risks, prevention, and latest treatment of cancer in the global perspective. Stanford International Medical Services and Stanford University in Palo Alto, California offer options and guidance for those seeking advanced examination, prevention and treatment.

Advance Notice: Sep – Nov AmCham Scholarship 2012 AmCham will grant scholarships to up to 45 top students from universities in HCM City.

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

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.”

Bitexco to build US$ 500 mil twin towers in HCM City The complex will include two towers, a trade centre, offices, and apartments for rent, and a six-star Ritz Carlton hotel.

Japan’s Suzuki Motor Corp. ground-breaking for a $ 13 million auto factory in Dong Nai (FDI) The plant is slated to turn out 5,000 cars in the first year of operations, with production to start in March 2013.

Bright FDI prospects in textile, dyeing industry based on TPP rules-of-origin Companies from South Korea, Japan, and Taiwan consider FDI in the yarn, fabric, and dyeing sector to capitalize on the Trans-Pacific Partnership (TPP) Agreement’s “yarn-forward” rule of origin on apparel products, where exports to the U.S. are duty free if yarn production and other inputs are performed in countries that are TPP members.

Vietnam’s economic indicators – April 26, 2012 Currency/Interest Rates, GDP y/y, Consumer Price Index, Trade Account, Index of Industrial Production, Forecasts (Govt, World Bank, ADB, IMF): GDP, CPI, Money and Credit, Exports/Imports/Trade Balance/Current Account Balance, Overseas Remittances, Foreign Currency Reserves (wks of imports, $ billion), Foreign Debt, Foreign Debt/GDP, FDI Inflows, Foreign Portfolio Investments, Population, Long Term Currency Ratings (S&P, Fitch, Moody’s)

WHO ‘concerned’ over deadly Vietnam mystery disease An outbreak of a mysterious skin disease in central Vietnam has killed 19 people, mostly children. More then 170 people have fallen ill with the unidentified illness.

Wal-Mart Faces Risk in Mexican Bribe Probe – Wall Street Journal (FCPA) Wal-Mart Stores Inc. faces significant legal risks after it disclosed that it is investigating its operations in Mexico for possible violations of the U.S. law that prohibits bribery in foreign countries, legal experts said.

SEC-China letter sent to all Hollywood studios A letter from the Securities and Exchange Commission was sent to all six major Hollywood studios and DreamWorks Animation probing potential violations of the Foreign Corrupt Practices Act in their dealings with China.

TSA Pre✓™ Expedited U.S. Airport Security Screening Pilot Program (Global Entry Program link) Some passengers could qualify for expedited screening through U.S. airport security checkpoints via designated screening lanes. A new Department of Homeland Security initiative, which is designed to help TSA focus resources on higher-risk and unknown passengers while expediting the process for lower-risk and known passengers whenever possible.

ADB: Asian Development Outlook 2012 – Vietnam Outlook Safeguarding the banking sector should be the immediate priority. The longer-term requirement is to develop a diversified and efficient financial system that can mobilize the funding to meet the 7-8 percent economic growth target. These complex reforms, which will take years to complete, would benefit from coordination with the proposed restructuring of SOEs.

China + One = Vietnam and ASEAN ASEAN has the third-largest economy in Asia, after Japan and China. U.S. foreign direct investment (FDI) into ASEAN totaled $130 billion in 2007, the largest destination for U.S. FDI in Asia, and has grown 55% since 2004. As a developing region, ASEAN per capita income is low but its GDP is rapidly growing: an almost 170% increase over the past decade.

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.

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

HCM City & S Key Economic Region Infrastructure: Ports and Industrial Parks (update)
Welcome to new AmCham companies • Jan ~ Apr 2012
Fr, May 4 Cat Lai and Cai Mep Ports Tour
We, May 16 TV Advertising in Vietnam
ADB: Asian Development Outlook 2012 – Vietnam Outlook
The new tendency in Japanese FDI in Vietnam
Business Lunch: World IP Day – Protecting Your Brand Value in Vietnam
“Tokyo Strategy for Mekong-Japan Cooperation” (2013-2015)
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).