Weekly Update Apr 4: U.S. FDA Import Requirements, Cloud Computing, Total Rewards

Highlights

Tu, Apr 5 How to Meet U.S. Food & Drug Administration Import Requirements
Tu, Apr 5 Cloud Computing: Opportunities and Challenges in Vietnam
Tu, Apr 5 Legal Committee Monthly Meeting
We, Apr 6 Total rewards strategy for a diverse, intergenerational workforce
Sa, Apr 9 4th Annual Vietnam-U.S. Education Conference
We, Apr 13 University of Hawaii Executive MBA Information Session
We, Apr 20 Developing an Anti-Corruption Compliance Program
Southern Key Economic Region: Ports, Industrial Parks, and Other Infrastructure
Asia Development Bank: “Skills Enhancement Project” Loan to Vietnam, 2010-2016

Events, Meetings, Activities, and Special Offers for Members

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Mercer Vietnam 2011 Total Remuneration Survey: Key to designing comprehensive pay package Mercer’s Total Remuneration Surveys (TRS) conducted by Talentnet Corporation, Mercer’s partner in Vietnam, enables you effectively to design and implement a complete compensation program that aligns with business strategy, is affordable and sustainable, drives productivity, engages key talent and minimizes the chance for pay inequity.

Tu, Apr 5 How to Meet U.S. Food & Drug Administration (FDA) Import Requirements The export of food and beverages from Vietnam to the United States continues to grow, and will likely do so for many years to come. However, developing a successful export strategy has become even more challenging for Vietnamese firms over the past several years. Before carelessly shipping off that next container, you need to be aware of a number of old and new regulations that can cause great harm to your company’s finances and reputation. This seminar is designed to enlighten you on how to avoid the most common mistakes made by food exporters.

Tu, Apr 5 Cloud Computing in Vietnam: Opportunities and Challenges Cloud computing has the potential to generate a series of disruptions that will ripple out from the tech industry and ultimately transform many industries around the world. The cloud’s ability to access, analyze, store and share information could change our business and personal lives in ways hard to imagine. Vietnamese IT services spending is forecast to reach around US$ 348mn in 2011, as the market approaches US$ 551mn by 2015. IT services now account for around 18% of total Vietnam IT spending. Growing demand for digital infrastructure projects in segments such as banking, telecoms, energy and government has attracted global IT services providers to invest more in Vietnam.

Tu, Apr 5 Legal Committee Monthly Meeting Update on Trans-Pacific Partnership (TPP) with USTR representative David Bisbee.

We, Apr 6 Educational Fair in Ho Chi Minh City The U.S. Consulate in Ho Chi Minh City is pleased to announce the U.S. Education Mission to Vietnam, visiting HCMC April 5-6 and featuring an Education Fair to be held at the Rex Hotel from 16:00 to 19:00 on April 6th.

We, Apr 6 TalentNet Mercer: Total Rewards Strategy for a Diverse, Intergenerational Workforce Many organizations look at compensation as key to attracting and retaining talent, often neglecting other aspects of the overall employment offering. The competition for younger, talented employees in particular, is one major challenge facing organizations in Vietnam today. A diverse intergenerational workforce requires creativity and flexibility on the part of organizations, in order to maximize its employer value proposition to employees of different life stages and needs.

Sa, Apr 9 4th Annual Vietnam-U.S. Education Conference. Organized by the U.S. Embassy and the Vietnam Education Foundatoin; sponsored by USAID. Sessions: U.S.-Style Higher Education: what is it, and how can U.S. organizations help create universities of excellence in Vietnam? Increasing U.S. Education Opportunities in Vietnam. External Partnerships: Universities as Partners and Producers.

Mo-Tu, Apr 11-12 Hung Kings’ Day

Tu, Apr 12 Hung Kings Day at the Legend Hotel’s renowned Atrium Buffet Get together for a fabulous Holiday Buffet. And free use of swimming pool from 9:00 am – 5:00 pm.

We, Apr 13 University of Hawaii Shidler College of Business Executive MBA in HCMC – Information Session Vietnam citizens or foreign nationals living in Vietnam, with an average of 5 to 10 years work experience, are invited to attend a free-of-charge information session.

We, Apr 20 Developing an Anti-Corruption Compliance Program Practical advice for getting started.

Th, Apr 21 A Strategic Approach to Employee Communications A fundamental internal communications approach that supports and aligns with a company’s business performance. A strategic approach within a company that builds a higher level of understanding and support among employees for achieving company goals and objectives.

Apr 27, May 4, May 11 DBM Public Training Workshops in Interview Skills (Apr 27), I-Speak Your Language (May 4), and Training Management (May 11). Designed to enable you to develop best practice skills essential for success, and you will benefit from networking with HR personnel from various industries.

We, Apr 27 Young Professionals Palooza Party at the Orientica Restaurant Monthly networking event for young professionals at the coolest and latest nightspots in Ho Chi Minh City. A platform to develop new friendships, and information exchange.

Mo, May 2 Liberation Day (actually, Sa, Apr 30, but observed on Mo, May 2)

Tu, May 3 International Labour Day (actually Su, May 1, but observed on Tu, May 3)

Tu-Fr, May 3-5 OPIC Southeast Asia International Investment Conference in Jakarta, Indonesia. Seeking to invest or expand in a dynamic Southeast Asianeconomy? Need partners based in the U.S. or Southeast Asia?

Th, May 12 Dr. Le Dang Doanh: Re-gaining Macroeconomic Stability – Outlook for Vietnam 2011 The Government had a consultation meeting with Dr. Le Dang Doanh and other leading Vietnamese economists on Feb 22, and following that meeting announced that it would focus on macroeconomic stability rather than growth. What policies can we expect? And how will this affect your business, and trade and investment between Vietnam and the U.S.?

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

Vietnam economic growth slows to 5.4% (Wall Street Journal) Vietnamese authorities recently announced a shift from its long-standing focus on growth to policies that promise greater stability as the economy continues to be pounded by surging inflation and a rampant trade deficit.

Vietnam looks to slash public spending by $ 2.4 billion or 7.4% this year. By reducing investment levels, authorities are hoping to curb the amount of cash circulating in the economy, which in theory should cool growth and help bring inflation down. The Vietnamese economy remains confronted by major imbalances that have become so serious that authorities recently reversed their pro-growth policy to one that focuses more on containing surging inflation and producing greater stability.

Vietnam raises fuel prices to record levels by up to 15%. Diesel is 21,100 vnd/liter (about US$ 1.00), and gasoline is 21,300 vnd/liter (about US$ 1.01).

The UK’s new Bribery Act will come into force on 1 July 2011 Prohibits bribes in the private sector as well as in the public sector. Nor does the Act provide any exception for so called “facilitation payments” to officials to expedite routine non-discretionary governmental actions such as customs clearances etc.

ExxonMobil to drill off Vietnam: official media The project will be located at “Block 119” off Danang city and the adjacent Quang Ngai province, the Vietnam News reported, but it was not immediately clear if the drilling was in a disputed area.

2010: Five Big Bangs in Corporate Governance Dodd-Frank Wall Street Reform and Consumer Protection Act, an increase in FCPA enforcement and board members focusing more on their own performance. In this top-five roundup, Corporate Board Member looks back on a tumultuous year for corporate governance.

Bribery and the Gathering Storm over Compliance U.S. Foreign Corrupt Practices Act, UK Bribery Act, Sarbanes-Oxley, Dodd-Frank, … Almost every publicly traded American company already has a compliance program in place, but the potentially broad scope of the U.K. Bribery Act is likely to require companies doing any substantial amount of business in Britain to devote even greater resources to preventing bribery of any type, not just that involving foreign officials. Compliance is not cheap, of course, which means the lawyers, accountants and outside consultants who specialize in this field will see an uptick in business.

U.S. Investment and Trade Opportunities in Vietnam’s Southern Key Economic Region A “third wave” of U.S. FDI interest in Vietnam offers business opportunities. A robust and efficient trading and distribution environ

Vietnam and the Trans-Pacific Partnership (TPP) Trade Agreement) The TPP negotiating partners currently include Australia, Brunei Darussalam, Chile, New Zealand, Peru, Singapore, Vietnam, and the United States. Malaysia has officially requested to join the TPP negotiations.

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

Last week’s most popular links to events and articles

We, Mar 30 Palooza Party @ Bernie’s Bar & Grill
Th, Mar 31 Business Networking Night @ Bitexco Financial Tower
Now flying to the Big Apple Daily !!!
HCMC & Vietnam’s Southern Key Economic Region: Ports, Industrial Parks, & Other Infrastructure
We, Apr 6, Mercer 2011 Total Rewards Strategy
Tu, Apr 12 Hung Kings’ Festival Day

Recent Events and Information Resources on AmCham Web Site

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

Mar 28-29Asia/Pacific Business Outlook 2011
.Vietnam Outlook: U.S. Embassy Senior Commercial Officer Don Nay
.Presentation: AmCham Vietnam – Herb Cochran
Mar 25Enhancing Vocational Training in Vietnam through Public Private Partnerships
.Statement by AmCham Representative, Education & Training
.Some Intel Products Vietnam Education & Training Programs
Mar 18MOLISA/VCCI Conference on Vietnam’s Revised Labour Code
.Proposed Amended Labour Code (Draft 4), English
.Proposed Amended Labour Code (Draft 4), Vietnamese
Mar 18Special Lunch: Vietnam Provincial Competitiveness Index 2010
.Presentation by Dr. Edmund Malesky on the FDI Survey (pdf, slides)
.Executive Summary (pdf – text)
.Chap 2. FDI Survey (pdf – text)
.Vietnam Provincial Competitiveness Index 2010 (full report, pdf, text)
.Welcome Remarks by AmCham Chairman

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.

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