Weekly Update Apr 5: Intel’s Work Force Development, Revised Labour Code Update, Real Estate Night

We, Apr 14 Intel Vietnam’s Work Force Development Program

We, Apr 21 HR Committee Information Session: Revised Labour Code

We, Apr 21 Real Estate Networking Night: HCM City’s Bitexco Financial Tower.

Fr-Sa, May 7-8, Vietnam Industrial Parks – Investment World 2010 (VietIP-2010)

Events, Meetings, Activities, and Special Offers for Members

Throughout April 2010, Flower Crab at Li Bai at Sheraton Saigon Hotel Lunch from 11:00am – 2:30pm; and Dinner from 6:30pm – 10:00pm. Seafood lovers should not miss this opportunity to enjoy an extensive selection of flower crab prepared in different Chinese styles.

Mar 22 – Apr 19, new entertainment Melanie LeBlanc in the Park Lounge of Park Hyatt Saigon will perform an elegant repertoire of English and French songs from 8:00pm to 11:45pm except Tuesday.

Apr 2 – Apr 11, La Cucina Del Lazio at Opera Restaurant at Park Hyatt Saigon. Book a date to experience the special Lazio cuisine with family and friends and be impressed. The promotion is available for lunch and dinner.

We, Apr 14 Intel Vietnam’s Work Force Development Program. Highly qualified manufacturing technicians and engineers are critical to developing higher-value added manufacturing industries in Vietnam. Learn how Intel’s experience in Work Force Development in other countries, such as Costa Rica and China, has informed planning and development for the new facility in Vietnam.

APBO 2010 Asia/Pacific Business Outlook 2010 Mo-Tu, Apr 19-20 Asia/Pacific Business Outlook 2010 in Los Angeles. Access 15 Asia/Pacific Markets in 2 days! If you are doing business in the Asia/Pacific region, this is the one conference you can’t afford to miss. Find answers to your questions on 15 economies by choosing from 60 focused sessions and private one-on-one consultations. Get the latest information and connect with experts and insiders.

We, Apr 21 HR Committee Information Session. Get the lastest updates on key issues in Vietnam’s revised Labor Code and review what we have proovided to MOLISA on your behalf, especially on Labour Relation and Union requirements. Click for details and to register online.

We, Apr 21 Real Estate Networking Night: HCM City’s Bitexco Financial Tower. At 262 meters, HCM City’s Bitexco Financial Tower will be one of Vietnam’s tallest towers. Designed by New York architect Carlos Zapata Studio and carried forward by AREP of Paris, the design consists of 68 floors of office space, 6 basement floors of parking and a 5-floor retail podium. 100,000 square meters of commercial space will be created in the building. Turner International (New York) is providing construction management services and will provide highlights about the design and construction of this magnificent building.

Fr-Sa, May 7-8, Vietnam Industrial Parks – Investment World 2010 (VietIP-2010) is the biggest international investment promotion Exhibition and Conference for industrial parks in Vietnam. Organized to introduce Vietnam’s industrial parks to international entrepreneurs, investors, manufacturers who plan to expand or to relocate their factories into Vietnam, VietIP-2010 will bring together over 200 industrial park representatives from all over Vietnam and more than 2,000 business leaders from various major industries.

Project 30 Update, Administrative Procedures Review The Prime Minister’s high profile campaign to simplify administrative procedures (“APs”) for businesses, is entering its final phase, when businesses will have one final opportunity to recommend burdensome APs be abolished.

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

More labour inspections According to a MoLISA report, in 2009 there were 216 strikes in Vietnam, equal to 30 per cent of 2008’s total strikes. However, 157 of the 216 strikes were at foreign-invested enterprises, with 114 strikes staged at garments and textiles enterprises and 155 strikes at the country’s southern key economic region.

Business information is priceless: Dun & Bradstreet (D&B) opens in Vietnam Inquiries to D&B about Vietnam’s companies have risen by 100 per cent since 2005, 20 per cent higher than Thailand, and 20 percent growth year on year.

U.S. anti-dumping and anti-subsidy duties imposed on Vietnam’s PE bags According to the anti-dumping investigation, 16 Vietnamese manufacturers and exporters must pay a separate anti-dumping rate of 52.3%. All other Vietnamese producers and exporters receive a 76.11% rate.

Vietnam Prime Minister visits Myanmar for talks, economic pacts The visit comes ahead of a regional ASEAN summit in Hanoi on Apr 8, which Myanmar’s Prime Minister Thein Sein is due to attend. Myanmar’s pledge to hold elections later this year is likely to be a key issue at the meeting of the Association of Southeast Asian Nations (ASEAN).

Strike at Vietnam shoe factory in Dong Nai They were over 200 strikes in Vietnam last year, earlier media reports said, as workers – many of them in textile and footwear plants – struggled with fast-rising living costs.

Kobe Steel plans $ 1 billion iron plant in Vietnam Kobe Steel aims to start building the plant in the province of Nghe An in January 2011 and begin production in early 2013.

VSIP gets $ 30 million loan from Standard Chartered for project near HCM City The five Vietnam-Singapore Industrial Parks, three in the south and two in the north, are symbols of the economic co-operation and friendship between Vietnam and Singapore.

Vietnam growth quickens to 5.83% amid domestic demand Domestic demand is supporting the economy as the government tries to stimulate exports after the global slowdown reduced demand for Vietnamese-made products. An increase in credit growth to as much as 38 percent last year has had a “lagged effect” on the Vietnamese economy.

U.S. and Vietnan sign nuclear energy agreement Vietnam’s demand for power is expected to grow by 16 percent a year until 2015, according to government projections, and the country’s booming economy has made it difficult for supply to keep pace with demand. Vietnam has already signed nuclear energy cooperation agreements with Russia, China, France, South Korea, India and Argentina.

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

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 link to download the Presentations at the National Conference on Industrial Relations, Hanoi, Apr 1-2, 2010.

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 100,000 visitors and 260,000 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 3,500 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).