Weekly Update Apr 9: Business Gets Social 2012, Protect Brand Value, Palooza

Highlights

HCM City & S. Key Economic Region Infrastructure: Ports, Industrial Parks (update)
Welcome to new AmCham companies • Jan ~ Apr 2012
Member Survey 2012
AmCham Vietnam Direct Selling Committee – About Us
Tu, Apr 10 Legal Committee Meeting
Fr, Apr 13 Business Lunch: Business Gets Social 2012
We, Apr 25 Business Lunch: World IP Day – Protecting Your Brand Value in Vietnam
We, Apr 25 AmCham Palooza Party
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)
Bitexco Financial Tower: a new HCM City icon
Advance Notice: Sep – Nov AmCham Scholarship 2012

Events, Meetings, Activities, and Special Offers

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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.

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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.

YKVN Received Multiple Firm Awards YKVN is pleased to announce that it has received the following prestigious awards for its work in 2011:“InterContinental Finance Magazine 2012 Continent Awards”; “Banking & Finance Law Firm of the Year – Vietnam”; “2012 Banking and Finance Law Firm of the Year in Vietnam”; “Merger & Acquisitions Law Firm of the Year – Vietnam”; and “Best Full Service Law Firm – Vietnam”

YKVN Won IFLR and Chambers National Law Firm of the Year Awards YKVN has been named the Vietnam National Law Firm of the Year for the fourth consecutive year at the International Financial Law Review (IFLR) Asia Awards 2012. We also won our first National Law Firm of the Year title for Vietnam at the Chambers and Partners (Chambers) 2012 Asia Pacific Awards.

Every Thursday from Mar 30 – Jun 30, It’s Hot Pot Time at Kabin, Renaissance Saigon Freshly caught seafood, delectable broths, friendly service and a cozy place to get together – that’s what our Hot Pot is all about!

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.

Su, Apr 15 RMIT Open Day 2012 “Expand Your Horizons” Come and discover how you can reach horizons that you may never have imagined and enter our prize draw for a chance to win a New iPad.

We, Apr 25 Business Lunch: World IP Day – Protecting Your Brand Value in Vietnam To commemorate World Intellectual Property Day, AmCham HCMC and Southeast Asian law firm Tilleke & Gibbins are joining forces to host a seminar on counterfeit goods and intellectual property rights (IPR) in Vietnam, featuring guest speaker Dr. Pham Hong Quat from the Ministry of Science and Technology.

We, Apr 25 AmCham Palooza Party at Orientica Restaurant, Hotel Equatorial AmCham will continue its series of monthly networking events for young professionals at the coolest and latest nightspots in Ho Chi Minh City.

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

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.”

Vietnam: Reform to Stabilize Economy Vietnam’s once-booming economy has foundered in recent years, thrown off balance in part by burgeoning debts at some of its sprawling state-owned enterprises. which diversified into new industries. The strategy in many cases backfired. In some instances, state-owned enterprises took on unmanageable levels of debt or invested in businesses that they didn’t fully understand. Shipbuilder Vinashin, for instance, nearly collapsed under $ 4.4 billion in debts in the summer of 2010 and later defaulted on some of its foreign obligations after moving into businesses as diverse as brewing and tourist resorts.

20 stolen vehicles exported from the U.S. to Vietnam seized by U.S. Customs worth $ 1.5 million, included BMW 5 Series and Mercedes SUVs, Lexus, an Audi Quattro and a black, 2010 Ferrari 458 Italia valued at $ 280,000.

EU, Vietnam Agree to Pursue Trade Pact The agreement signals the beginning of a long process. The Commission will have to consult with EU member nations before it can launch formal negotiations with Vietnam.

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.

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 • Jan ~ Apr 2012
Weather Update • Typhoon approaching Phan Thiet, HCMC
Myanmar: the Next Tiger? Hub for Low-cost Manufacturing (BusinessWeek)
Networking Night: Competitive Local Compensation Realities Vs. Global Recession
FDI rivals turn up the heat on Vietnam
Bitexco Financial Tower: a new Ho Chi Minh City Icon
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).